Posts Tagged ‘real estate’
Deductions & Depreciation for all – Why the kids are doing OK
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…
Read MoreOur predictions – Property Market Scorecard for 2017 and 2018
What a year property has had in 2017. We’ve seen some double-digit growth in major capital city markets and a big move from APRA in the investor lending space. We’ve also written extensively about changes to depreciation. There’s also been plenty of debate about foreign investors and housing affordability. So, what did the numbers show…
Read MorePlant & Equipment Depreciation Changes – 2017 Budget Measures
The announced budget changes by the treasurer Scott Morrison, effectively take a sledgehammer to residential depreciation legislation that hasn’t really changed since 2006. The Reserve Bank only has a blunt instrument to work with, in changing the cash rate to curb/stimulate inflation, but fiscal policy can be far more nuanced. The Government opted against a…
Read MoreInside a 2.5 million dollar northern beaches holiday home
There are certain pockets of Australia we find ourselves coming back to alot, and fortunately one of those places is Bynya Road, Palm Beach. We were engaged to prepare a capital allowance & tax depreciation schedule on this stunning holiday home. Estate agent Amethyst McKee described the property as a “charming timber and sandstone home…
Read MoreAn inside look into a landmark lakeside lodge
November was a busy month here at MCG, and one particular report kept us pretty busy. For anyone that’s ever been to Terrigal on the NSW central coast, you couldn’t help but have noticed a little place called ‘The Clan.’ Here you can see it perfectly positioned along the entrance to Terrigal, just a sand spit away…
Read More“It’s not worthwhile having a depreciation schedule” – How costly unqualified advice can be
Recently we were following up on a quote in Newcastle, NSW for a house that had been split into three small units. The owner came back to us with the following: “Thank you for your email. After sending this email, I spoke to the managing real estate who advised me that the house was too…
Read MoreNegative Gearing and the Mum and Dad Investors
Much has been posited about the typical Australian property investor, especially their salary. According to the ATO, 67% of investors claiming rental interest deductions take home under $80,000 per year. At least as far back as 2014, the data has been pulled apart and commentators have asserted that the data is flawed. Their argument is…
Read MoreAverage Depreciation for Port Macquarie Home
Last month we looked at some depreciation deductions for a typical unit in Sydney. We chose a rather average unit and this month we’ll be doing the same with a house in Bonny Hills, which is near Port Macquarie. It’s easy to pick an eight million dollar unit and talk about how fantastic the deductions…
Read MoreWhat will a new kitchen do for you?
What will a new kitchen do for you?Updating a kitchen can be a fantastic way to increase both your rental yield and the capital value of your investment property. We’re often asked what a new kitchen will do for depreciation deductions. Ignoring any scrapping component discussed in the adjacent article, let’s take a look at…
Read MoreWhich terms in real estate ads result in higher prices?
In a recent study in Canada by a Professor Paul Anglin, an analysis of the language used in real-estate ads shows that certain words are strongly correlated with the final sale price of a house. Surprisingly words like ‘charming’, ‘spacious’ and ‘fantastic’ do not equate to a higher sale price. The study dissected the wording…
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