Posts by Mike Mortlock
Ensuring your home is adequately insured – What you need to know
Please raise your hands if you have received the “Dear Local resident” letter in the mailbox offering you the free property appraisal on your property? Yes, it appears we have all had one at some point in time. Today one of our staff brought in one such letter and showed it to me and asked:…
Read MoreScrapping schedules – They were great, but here’s why they’re a thing of the past
You’ll have to excuse us Quantity Surveyors as we get very excited about certain dates. The May 2017 budget (9th of May) heralded the largest change to depreciation rules since 2006, it certainly ruined what would have been a perfectly good glass of Shiraz as I sat watching Scott Morrison at home. For anyone lucky…
Read MoreYou Have Missed The Boat There Is An Embargo – Insurance update
The bushfires have steadied, the fires that were out of control are now under control, if not now largely all extinguished. It is now time for the long road to recovery. Many endless hours of insurance assessing, demolition of existing destroyed properties, delays due to contaminated waste (older house with asbestos), thousands of kilometres of…
Read MoreAre depreciation legislation changes affecting property investor behaviour?
Yes, yes they are. Or at least, it seems that way. Now I’m tempted to just leave it there for my own amusement, but anyone that knows me will know I won’t be able to help myself in sharing the data I’ve crunched. Let me give you some background; On the 9th of May 2017…
Read MoreCase Studies – Estimating costs of our very own Australian Solar Farms
In May 2019, Giles Parkinson titled an article “It’s not easy to build a solar farm in Australia any more”. This was published on the Renew Economy website on the 16th of May 2019. Mr. Parkinson goes on to state that albeit in the past, the powers to be believed it was easier to build…
Read MoreBuilding approvals point to a potential future housing shortage
It doesn’t seem that long ago we were talking about an oversupply of apartments across Sydney, South Melbourne, and Brisbane. However, a lot has changed in the past few years. The ABS October figures on building approvals show a seasonally adjusted estimate for total dwelling units falling by 8.1% in October. The graph below from…
Read MoreWrapping up the year with Data, Dance Floors, and Depreciation
Our year started on a high, coming off the back of a massive win for MCG. Landing a position on the Financial Review’s top 100 of fastest-growing businesses, we hit the ground running! Mike Mortlock and Mitch Ford completed their much-anticipated triathlon, with over $2k raised for Heartkids, a charity helping those affected by congenital…
Read MoreProgress Claim Case Study – The MCG Method of Assessment
As part of the services of quantity surveyors, we are regularly commissioned to undertake progress claim assessments on behalf of financial institutions. During the last month, we have seen quite a common conversation held between ourselves and a client (developer) regarding the difference between our assessment of the builders claim and the amount that the…
Read MoreWhat you need to know about short term leasing your investment property
I’ll admit that I struggled with an appropriate title as the above one is certainly clunky, but I wanted to share some tips on how to rent your investment property out on a short-term basis, similar to an Airbnb type setup. My pet subject is depreciation, so I’m not going to let you get…
Read MoreAluminium Composite Cladding being used in Victoria
So on the ABC News website on the 16th July 2019, the headlines read “Flammable Cladding to be stripped from buildings under Victorian Government Plan”. It was the words of the state political reporter Richard Willingham that echoed the announcement of the Victorian Premier Daniel Andrews plan to announce the $600 million package to fund…
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