Posts by Mike Mortlock
Phase A Depreciation Estimates – For the savvy investor and shrewd agent
Proactive property developers and sales agents are using Phase A Depreciation Estimates, or ‘Phase A’s’, to help market developments to investors. What is a Phase A? A Phase A Depreciation Estimate is a report which shows the potential depreciation deductions available to a property investor, based on a specific property or development. Phase A’s are…
Read MoreRBA November 2012 Board Meeting Minutes
The RBA have released their November board meeting minutes today and have indicated that we’re potentially looking at a cut next month. With interest rates below average levels, the waning effect of the high exchange rate and more positive international conditions, the members saw fit to hold the cash rate in November. Their concluding statement pointing…
Read MoreMCG featured in Australian Property Investor – Replacement Cost Estimates
We’ve been featured in Australian Property Investors Mini Mag for November in Page 13. The article covers replacement cost estimates for home insurance purposes. You can view the Magazine online here: http://www.calameo.com/read/000511761e414c8d8a38b?authid=63mjEuhY4EhZ
Read MoreMCG Director Mike Mortlock on Property Observer Today
Our article on the influence of real estate terms on sales prices has been featured on Property Observer today. You can take a look at the article here: http://www.propertyobserver.com.au/industry-news/the-five-words-that-help-sell-your-home-and-the-five-that-don-t-mike-mortlock/2012111557844
Read MoreRBA leave the cash rate at 3.25%
At its November board meeting today, the Reserve Bank decided to hold the cash rate steady at 3.25%. “Further effects of actions already taken to ease monetary policy can be expected over time. The Board will continue to monitor those effects, together with information about the various other factors affecting the outlook for growth and…
Read MoreMCG on Australian Property Investor
Our Director Mike Mortlock is featured on the Australian Property Investor Blog today discussing real estate sales contracts and agency incentives. Take a look here: http://www.apimagazine.com.au/blog/2012/11/are-real-estate-sale-commissions-flawed-and-ineffective/#more-3178
Read MoreLessons from Freakonomics – Are real estate incentives aligned with the goal of achieving the highest price?
** This article appeared on Property Observer Today ** I’ve recently returned from some time in the United States, and I always find Americans’ service gratuity or ‘tipping’ an interesting contrast to life back in Australia. Tipping got me thinking of the book Freakonomics (which I’d recommend to anyone who’s interested in bizarre correlations and…
Read MoreReplacement Cost Estimates for Insurance – Premium vs Peace of Mind
Home insurance is a balance between minimising the cost of the insurance premiums paid, and maximising the peace of mind that comes with knowing you’re adequately insured. Too often home owners focus only on the premium and are not even sure how a replacement cost estimate is calculated. A little knowledge goes a long way…
Read MoreTax Depreciation Schedule Inspections – When is an inspection required?
In most instances a Quantity Surveyor will conduct a property inspection when preparing a tax depreciation schedule. Sometimes this is not required, for example – if a property has been built by the owner or the Quantity Surveyor has previously inspected a unit within the same complex. A good Quantity Surveyor knows when an inspection…
Read MoreNew effective life legislation from the ATO – TR 2012/2 in effect from 1 July 2012
On the 27th of June 2012, the ATO withdrew the taxation ruling TR 2011/2. This outlined the effective life of all qualifying plant and equipment depreciating assets. The new and excitingly named TR 2012/2 ruling is in effect from the 1st of July 2012 and includes some changes to existing depreciating assets and the addition of some new…
Read More