Four reasons you should always use a construction price estimator
So you’ve decided to build. You’ve had plans drawn up and you have a ballpark budget in mind, but how can you be sure that it’s realistic? With a professionally-generated cost estimate, that’s how. Here are four reasons you should employ a construction price estimator before you get started: Belief in your budget An…
Read MoreHow an investment property depreciation schedule will put money back in your pocket
An investment property depreciation schedule is basically a summary of the tax deductions you can claim for the depreciation of your investment property. This can include structural elements like bricks and concrete and also “plant and equipment” components such as ceiling fans, blinds and the dishwasher. Each depreciable item is evaluated to figure out how…
Read More181 Fitzroy Street, St Kilda – Super depreciation, and a pool to die for.
The view from St Kilda back to the CBD over Albert park is not often showcased, but it’s a spectacular one. Taking full advantage of this is the new development at 181 Fitzroy Street St Kilda. This retail/residential mixed use building comprises 46 two bedroom and 68 one bedroom apartments over nine levels. As described…
Read MoreCase Study – Ikebana luxury apartments, 130 Dudley St, West Melbourne VIC
It’s not terribly often we have a case study with a strong Japanese influence, let alone such a rich and detailed effort to showcase the majesty of the architecture. The word Ikebana translates as the Japanese art of flower arrangement and is an apt name for this stunning new development. Ikebana luxury residences comprise of 248…
Read MoreTax Depreciation Calculators – Is there merit in the estimates?
Google is telling us that more and more people are searching for a ‘tax depreciation calculator’. Admittedly, this search ranked well below the top 2016 result of ‘US Election’ and even a few million short of number 6 ‘Pokemon Go’. Putting the self-deprecating Quantity Surveyor stuff to the side for a moment, searching for an…
Read MoreCapital city dwelling values up, with pace of growth slowing.
Across the combined capital cities, dwelling values have increased by 7.1% over the 12 months to September 2016, a figure much lower than the 11.0% increase in values over the previous 12 months. So, whilst dwelling values certainly aren’t tracking sideways, the pace of growth has slowed markedly, yet is still relatively strong. Rental rates…
Read MoreGranny 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 MoreMelbourne Southbank’s Bella Apartments – A Depreciation Case Study
The iconic and aesthetically pleasing Bella Apartments is a landmark of Melbourne’s Southbank. We were delighted to prepare another depreciation schedule for one of the units just this week and thought it would be great to provide an insight into the development. Salvo Property Group’s $55 million Bella is a 33 level tower comprising of…
Read MoreGood news for property investment co-ownership with split deductions.
The proportion of properties jointly owned is quite high, and with greater education on tax minimisation practices, we’re seeing a lot more obscure ownership percentages like 70/30 or even 99/1. Why are people employing these types of ownership structures? It all comes down to which party can benefit the most from the deductions. Take for…
Read MoreCoreLogic dwelling values rise in September, RBA place doubt over previous figures
The month of September was a good one for capital city dwelling values, with all but Perth and Darwin trudging forward. Capital city values are also up 2.9% over the quarter. On these figures though, there has been a lot of coverage of the inflated CoreLogic figures for April & May. In RBA governor Glenn…
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