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…

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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…

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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…

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Common Property

Most investors would be aware that if you own a unit within a complex, you’ll have an entitlement to claim over the common property assets based on your share of ownership. This percentage share is commonly referred to as a unit entitlement and can be found on your strata plan or plan of subdivision. You’ll…

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Tax Depreciation Schedule

Albert Einstein said if you can’t explain something simply, then you don’t understand it well enough. So, it’s time to test my understanding of tax depreciation schedules! A tax depreciation schedule is simply a report detailing the depreciation entitlements available to you within your investment property. The depreciation entitlements can be broken into two simple…

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Budget

  Investment property tax deductions hit the headlines when the 2017-18 Federal Budget was handed down on 9 May 2017. As the second biggest tax deduction after interest, depreciation deductions against investment properties save investors thousands of dollars and can make or break the profitability of a property investment What deductions can you claim against…

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Commercial Property

Are you considering purchasing your own commercial space?  If so, capturing and claiming depreciation deductions should be high on your ‘to do’ list. Commercial investment property owners can save thousands of dollars each year by claiming depreciation deductions for the wear and tear of building structures and fittings.  Depreciation deductions often mean the difference between…

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Commercial Property

When the Federal Government announced 2017-18 Budget measures to limit tax depreciation claims against second-hand residential investment properties, market experts predicted that many investors would turn their attention to commercial property investment. Is a commercial property investment something you should consider? There are plenty of reasons to have a look: Longer term tenants A typical…

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Commercial Property

Investing in commercial property can seem daunting to the uninitiated.  Here are five reasons you should consider taking the plunge:   Commercial properties can offer higher depreciation tax deductions than residential properties While residential property investors can claim 2.5% annually for capital works, commercial properties can attract up to 4% of historical construction costs, depending…

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Commercial Tax Depreciation

As a commercial property owner or a commercial tenant, you can benefit by claiming tax deductions for commercial property depreciation. Whether you’re collecting or paying rent, a tax depreciation schedule should form part of your business planning. A commercial property depreciation schedule will list tax deductions you can claim for depreciation of capital works and…

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