Welcome to The Bill
With all this talk of economic recovery, we've decided to focus this issue of The Bill on the commercial property sector. We take a look at:
- Commercial property depreciation and the key differences between residential depreciation
- Commercial property acquisitions and minimising risk through technical due diligence
- Why early cost planning makes sense for developers and cents to bankers!
Enjoy the issue and if you have any questions or feedback about the newsletter please email me.
Regards,
Tyron Hyde
Director, AAIQS
Depreciating Commercial Property
Are you currently leasing commercial space but thinking of buying? Or are you considering investing in property but can't decide between a commercial or residential investment? You need to understand the tax depreciation allowances that are available to you as an investor of commercial property. There are some major differences from the allowances claimed on residential property and it can mean substantial savings for you… read more
Buyer Beware - Minimising your property acquisition risk through Technical Due Diligence
In Australia, the guiding legal principal for all property acquisitions is the maxim of "caveat emptor" meaning, Buyer Beware. It is not the responsibility of the vendor to disclose any problems with the building, it is the buyer's responsibility to find out what potential risks of the property acquisition are.
Over the past 10-15 years the property market has been highly competitive and as a result many investors opted to overlook or skim over the due diligence process in order to acquire a property before their competition. But all businesses have a responsibility to reduce risk where possible… learn more
The Benefits of Early Cost Planning
With the tightening of the credit market brought on by the Global Financial Crisis, many banks and lending institutions have required property developers to complete extensive cost investigations before giving the green light to new loans. But as many property developers are finding, early cost planning has major benefits for not only the banks… read more of this article
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