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An 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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