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In 2004, consumers responding to ASIC’s ACT bushfire survey, 2004, found that the level of under-insurance in Australia is high. Data collected found that in Australia: Between 27% and 81% of consumers were underinsured by 10% or more In 2005, the Australian Securities & Investments Commission, issued a report titled “Getting Home Insurance Right”. Within…

In a recent review for a client on their building insurance, our client witnessed first hand how easy it is to be under insured. In this instance, our client owned a 2,850 m2 industrial building in the north-west of Melbourne VIC. It was constructed of precast concrete walls to a height of 1800mm high to…

Every year people complain about Easter eggs being in the shops already in February, it’s one of those perennial water cooler topics like the magpie swooping season. Tax time is no different and for my part, I wish I wasn’t droning on about the end of the financial year approaching every year, but my insatiable…

A tax depreciation schedule lists an investment property’s depreciable building, plant and equipment items and will allow you to claim these depreciation expenses as tax deductions. While obvious features such as walls, carpets and bathroom fittings are always included in tax depreciation schedules, don’t overlook these five not-so-obvious depreciable items:   Common property items within…

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…

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…