Building Approval

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 More
2019 in review

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 More
Natural Disasters

Australian Research In 2000, the Construction Data division of Reed Business Information Systems (Reed) surveyed 1000 randomly selected homeowners. They concluded that: 87% of homes were under-insured by any amount The average level of under-insurance was 34% In 2002, the Insurance Council of Australia conducted a survey of seven companies sharing 80% of the home…

Read More
Building Defects

In a recent research paper pertaining to the examination of building defects in residential multi owned properties, there has been some great findings. These findings were authored by Nicole Johnston (Deakin University) and with Sacha Reid (Griffith University). In summary, two studies have been undertaken to identify the most common building defects in residential multi-owned…

Read More
Quantity Surveyor

Listen. I’m a Quantity Surveyor (QS) who specialises in tax deprecation so, frankly, I’ve heard them all: Q. How can you tell if a QS is extroverted? A. In conversation, he looks at your shoes instead of his own. Q. How does a QS make a bold fashion statement? A. He wears dark grey socks…

Read More
Bankrupt Builder

The headlines are reading, ‘Home builder goes under, Thousands lost, Hundreds of home owners left out of pocket’. The reality is that we have all read these headlines before and unfortunately, these brutal words will continue to feature from time to time within the construction landscape. Building your home is a personal thing, whether it…

Read More
Bella Apartments

  The iconic and aesthetically pleasing Bella Apartments is a landmark of Melbourne’s Southbank. We were delighted to prepare another depreciation schedule for one of the units just this week and thought it would be great to provide an insight into the development. Salvo Property Group’s $55 million Bella is a 33 level tower comprising…

Read More
Property Co-Ownership

The proportion of properties jointly owned is quite high, and with greater education on tax minimisation practices, we’re seeing a lot more obscure ownership percentages like 70/30 or even 99/1. Why are people employing these types of ownership structures? It all comes down to which party can benefit the most from the deductions. Take for…

Read More
City Dwelling

Sydney and Melbourne continue to post strong results, showing a consistent 1% growth per month in dwelling values, with the sum of regional areas relatively flat. In Sydney and Melbourne, cumulative growth in dwelling values over the cycle (June 2012 to date) now stands at 64% in Sydney and 44% in Melbourne.This result highlights the…

Read More