Property Depreciation Schedules - The New reality

Stimulus Package nothing to sneeze at

The Morrison Government has today announced a $17.6 billion economic plan to keep Australians in jobs, and to keep businesses in business in light of the Coronavirus pandemic. The Government has outlined an increase of $700M to the instant asset write off threshold from $30,000 to $150,000, and has also expanded eligibility to businesses with […]

How the depreciation changes affect buying brand new property versus second hand property.

The recent depreciation changes have the greatest impact on the types of property you may choose to invest in. Some people prefer to invest in brand-new properties, while others opt for older property that they can renovate and resell for profit. So, which is the better investment strategy? Let’s look at this in actual finite […]

How the new depreciation laws affect depreciation on old property

There is a common misconception in the property market that you cannot claim depreciation on old properties. This is wrong, and I can prove it! The origin of this myth centres on the fact that you cannot claim building depreciation on residential properties where the construction commencement date is before 1987. This is a true […]

The Budget Change and How it Affects our Rental Property

Dealing with your rental property post-budget change Before the budget change investors were entitled to claim plant and equipment and building allowance, so long as the property was built post-1987 and the property had settled within 10 years of getting the depreciation report, even if they had lived in the property prior, post or during […]

The Budget Has Changed The Game

The Federal Budget released on the 9th of May 2017 has changed the game for property investors.  The Government has changed the game in the new budget by reducing depreciation deductions for residential properties. And it’s good news too if you ask me! In this webinar, you’ll  learn the 9 key takeaways from these changes […]

Five Property Negotiation Tactics To Save You Money

Spend Less with the Right Tactics Information goes a long way when you’re buying an investment property in Australia. Without information, you can’t prepare for the negotiations. This is when you sit down with the seller to try and find the right price for your investment property in Australia. However, the information you have isn’t […]

Budget Changes to Depreciation

The 6 must-know takeaways from these budget changes: For residential property, you will only be able to claim depreciation on plant and equipment items (ovens, dishwashers etc.) when you buy a brand new property.  You will still be able to claim the building allowance (bricks, concrete etc.) on any residential property built after 1987. If […]

Finally, Some Clarity

On Friday 14th July, the Treasury Office released a draft bill regarding how depreciation deductions on a second-hand property can be claimed moving forward. They also invited interested parties to make submissions. It’s complicated, to say the least, so I’ve tried to simplify this Bill and the key points. Here are my 9 Key Takeaways […]

Budget Depreciation Changes

Peter: The attendance tonight is mind blowing. In the world of depreciation, this is very much the equivalent of playing to a packed stadium. So thank you all for your interest. Tyron Hyde: Peter, I’ve never been more popular. Peter: Yeah, well. That’s right. In the quantity surveying world, this is as good as it […]

The Property Market Limbo: Depreciation Solution

The property market is currently in a state of limbo, particularly those involved in the selling of new property. Why? Because budget statement in relation to helping “reduce pressure on housing affordability” has potentially changed the game and announced dramatic changes to the way depreciation is claimed on property. Let’s start with the good news: […]