There’s been a cacophony of opinion this week filling column inches and taking over the airwaves of property centric media. Refreshingly, the big news wasn’t pandemic related. Nor did it involve a concession speech of any description. No, the chatter has been dominated by a NSW government discussion around the abolition of stamp duty which…

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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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Smart Investments

Those who know me, know I don’t mind a chat. Whiling away my time via the exchange of ideas is a joy. Best of all, it’s a move out of my professional comfort zone – a chance to expand the mind beyond ‘rates per square metre’ and legislative minutia. Economists, builders, buyer’s agents and investment…

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Swimming Pool Deductions

Swimming pools and depreciation – What sort of tax deductions will a swimming pool give you? It’s not unheard of for an investment property to have a swimming pool, certainly a shared one as part of the common areas of a larger unit development is very common. However, residential houses with swimming pools aren’t terribly…

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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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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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