Building Site

As part of the services of quantity surveyors, we are regularly commissioned to undertake progress claim assessments on behalf of financial institutions. During the last month, we have seen quite a common conversation held between ourselves and a client (developer) regarding the difference between our assessment of the builders claim and the amount that the…

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Depreciation & Deductions

Like any good analytical thinker, I love to hypothesise. Some think it’s a character flaw, whereas I – and those of my quantity surveying ilk – enjoy nothing more than ingesting data, extrapolating the assumptions and producing a conclusion. I was thinking about the recent federal election and the discussions put forward pre-poll day about…

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Home Renovations

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,…

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Split Report

Apologies for the click bait article title, but I was at a loss as to what to call it. Let me start by saying that split depreciation schedules are fantastic. I’ve written about them before: https://www.mcgqs.com.au/blog/split-depreciation-reports-are-saving-investment-property-co-owners-thousands/) and we’ve done thousands of them. They’re a fantastic way for multiple tenants in common to see their exact…

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Repairs & Maintenance

Owning an investment property will invariably result in having to spend some money on it. The good news is that the tax man (perhaps we need a gender-neutral term but technically the tax commissioner is a man) will let you claim that expenditure as a deduction. However, not all deductions are equal. Spending money on…

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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…

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