Posts by Mike Mortlock
MCG director Mike Mortlock on Property Observer
We’re pleased to be featured on property observer again, with our article on why depreciation deductions are higher in units rather than houses. You can read the full article here – http://www.propertyobserver.com.au/financing/tax-and-legal/16821-more-depreciation-deductions-available-for-units-than-houses-mike-mortlock.html
Read MoreDisplay homes as property investments – The pros and cons
A display home can be a very attractive option when it comes to property investment. They’re normally built to a high standard, impeccably maintained and have guaranteed rent for a set period. Coupled with this there’s often a high yield and always fantastic tax depreciation deductions. Purchasing a display home is a little different from…
Read MoreMay RBA Minutes point to weakness in housing market
May’s RBA board meeting minutes outline the rationale behind their 50bp reduction of the cash rate. The minutes note that the domestic economy had been growing at a modest rate in early 2012 however, the activity varied across industries. The mining sector remains strong with a number of large projects underway and on the drawing board.…
Read MoreAccommodation & Food Services – Asset Lists & Tax Depreciation Deductions
When it comes to plant and equipment assets, few industries have more individual asset types than accommodation and food services. In a residential property, these include bathroom accessories, blinds, carpets, cook-tops, hot water systems, ovens and more. However, in general you’re unlikely to find much more than around 20 plant and equipment assets in any…
Read MoreRBA May Board Meeting – Rates cut by 50 basis points
At its meeting today, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, with a low inflation print and decreasing growth forecasts. The minutes point to expectations of lower inflation;
Read MoreTax Depreciation and Units – It’s all about common property
As Quantity Surveyors, we’re often telling investors that there are more depreciation deductions available within a unit, than a house of similar age and finish. Of course depreciation is just one part of property investment, and shouldn’t be the driving reason to choose one investment over another, but I wanted to look at why a…
Read MoreMCG Featured in Australian Property Investor Magazine
We’re pleased to report MCG Director Mike Mortlock is featured in the May edition of the Australian Property Investor Magazine. Check out pages 16-18 of the magazine for Mike’s tips on managing the repairs, replacement cost insurance and tax depreciation components of owning an investment property – The 10 biggest mistakes made by landlords.
Read MoreRBA April Meeting – Cash Rate Left on Hold
In the Reserve Bank’s April board meeting today, the cash rate was left on hold at 4.25%. This was in line with economists’ expectations, but there is growing support for an easing in the cash rate based on recent data such as poor dwelling starts and retail sales.The board pointed to a potential downward movement,…
Read MoreHIA voice concerns over the decline in residential construction activity
In a one page bulletin produced last week, the HIA called for interest rate cuts and supply side reforms to arrest the on-going decline in residential construction activity in Australia. The HIA represents the construction industry and by proxy has a vested interest in construction activity; however there is growing evidence of supply side problems with concerns…
Read MoreThe Biggest Mistakes Landlords Make
1. Not treating the investment property like a business If your investment property is occupied by a family member you’re helping out, then your investment goals might be a little different. However, for most investors they’re in the business of owning a property to make money. There are often times when investors make decisions based…
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