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Granny Flats & Tax Depreciation – What can you claim?
If you’ve built a granny flat or are considering one, you’ll be interested to note that the depreciation deductions can be significant. Whilst we’ve seen granny flats from under $100,000 to more than three times that in value, let’s take a look at an exceptionally average one to see what the deductions are worth. This…
Read MoreDwelling Values Continue to Push Ahead but with Momentum Slowing
The month of July saw a reported 0.8 per cent rise in dwelling values, resulting a 6.3 per cent increase in value over the first seven months of 2016. Four of the capitals posted a negative for the month, but Perth and Darwin are the only capitals in seriously negative territory year on year. October…
Read MoreThe questions we’re asked on a daily basis
Navigating the world of property depreciation can be a daunting task for property investors. Our aim is to simplify the process, eliminate the B.S. and arm investors with the knowledge they need to get the most out of their property. With that in mind, we thought it would be a good time to answer some…
Read MoreDerive Maximum Benefit from Property Tax Depreciation
A large number of wage earners invest in property for rental income and for capital appreciation. A smart investor can save on the property tax substantially by claiming tax deductions on the decline in value of the assets, or depreciation. Owners of residential and commercial properties can claim the depreciation available for the buildings as…
Read MoreAn Average Sydney Unit’s Depreciation
We thought it would be illuminating to take a look at a fairly average Sydney unit, look at some of the key components and the depreciation deductions. Rather than picking a unit with massive deductions and common property galore, we’ve taken a more conservative approach and dispensed the chest beating in favour of an honest…
Read MoreHow much does a bathroom or kitchen renovation cost?
This week the Housing Industry Association (HIA) released the HIA-GWA Kitchens and Bathrooms Report for 2013/14 and it presents some interesting implications for depreciation deductions. Over the years the report has provided some great insights into the frequency of kitchen and bathroom renovations, the average cost of the works and the total value of these…
Read MoreRBA Lowers Cash Rate to 2.75% – May 2013
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. The minutes of the meeting are as follows below: The global economy is likely to record growth a little below trend this year, before picking up next year. Among the major…
Read MoreRBA November 2012 Board Meeting Minutes
The RBA have released their November board meeting minutes today and have indicated that we’re potentially looking at a cut next month. With interest rates below average levels, the waning effect of the high exchange rate and more positive international conditions, the members saw fit to hold the cash rate in November. Their concluding statement pointing…
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