Construction
Most common building defects in residential multi-owned properties
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 MoreAn Expert Witness Case Study – Owner V Builder, August 2019
In a recent expert witness case that I was asked to provide my opinion of costs on, the result has now been published. Background The background to both applications is best described as: The Owners’ sought damages from the Builder in respect of: o (Item 1) Defective and/or incomplete works (the Defects Claim); o (Item…
Read More5 Hot tips on how to renovate your investment property – properly.
If you are renovating your investment property, make sure you get the most out of your hard toil. There are some simple choices according to MCG Quantity Surveyors, that can boost your bank balance without any extra work. Mike Mortlock, managing director of MCG Quantity Surveyors, said many renovators don’t realise their choices of fixtures,…
Read MoreMCG insights into property investor behaviour that you need to know
Since we started preparing depreciation reports for property investors back in 2011, I wanted to collect data that I thought would illuminate the property industry as to the types of acquisitions the average property investors was making. Through the course of doing what we do, we also have to ask some fairly unusual questions that…
Read MoreTax depreciation estimating – The value of having your finger on the pulse
Back in the day, tax depreciation was not a service that quantity surveyors offered. In fact, it’s an industry that’s not much older than 21 years whereas quantity surveying in general can be traced back to at least 1859 but possibly 1785. Sorry, you’re right, you didn’t ask. Anyway, my point is that most quantity…
Read MoreThe recent regulatory changes and the state of the Property Market
The January CoreLogic figures have shown that capital city dwelling values have posted their first quarterly fall since April 2016. The peak of the market was called as far back as 2016, but now we’re seeing the evidence some two years later. On a positive note, the combined regionals edged slightly higher over the Dec-17…
Read MoreWhat you need to know – Investment Property Budget Changes
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…
Read MoreTimely reminder to home owners – Watersun Homes Collapses
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 MoreCase Study – Ikebana luxury apartments, 130 Dudley St, West Melbourne VIC
It’s not terribly often we have a case study with a strong Japanese influence, let alone such a rich and detailed effort to showcase the majesty of the architecture. The word Ikebana translates as the Japanese art of flower arrangement and is an apt name for this stunning new development. Ikebana luxury residences comprise of 248…
Read MoreTax Depreciation Calculators – Is there merit in the estimates?
Google is telling us that more and more people are searching for a ‘tax depreciation calculator’. Admittedly, this search ranked well below the top 2016 result of ‘US Election’ and even a few million short of number 6 ‘Pokemon Go’. Putting the self-deprecating Quantity Surveyor stuff to the side for a moment, searching for an…
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