Property Depreciation Schedules - The New reality

Australian expats lose capital gains tax exemptions

THE FEDERAL Government has made a very significant change to capital gains tax (CGT) affecting ex pats, but it’s likely there are many Australians living overseas who are still completely in the dark about it. Put simply, the change entails the CGT exemption for the Australian family home, which has been in existence for 35 […]

Your Guide to Claiming Depreciation on Granny Flats

Many see granny flats as an easy property investment. For beginners, they offer the opportunity to start investing, without spending too much money. As with any investment property, you must remember to claim for the depreciation of your assets. Tons of people like the idea of buying an investment property. Australia offers plenty of opportunities, […]

When do you need a Quantity Surveyor?

Unless your property is very unusual, there would generally be no reason to speak to a quantity surveyor before purchasing a property. While you’re hunting for potential investments, you can work out the estimated depreciation for a property by using Washington Brown’s free online depreciation calculator. Once you have committed to purchasing the property, it […]

Why do I need a Quantity Surveyor?

Yes, builders are good at building. However, that doesn’t necessarily make them good at maximising the depreciation allowances you, the developer or investor, are entitled to. That’s why if you have contracted a builder to construct your investment property, it definitely pays to have a quantity surveyor prepare a depreciation report for you. In my […]

When is a Good Time to Buy an Investment Property?

A lot of people buy property when interest rates go right down. Like now, there are a lot of people buying because interest rates are low. Everyone goes out and buys and that creates more demand as well. And who would not want to buy if you can lock in interest rates and borrow at […]

Depreciation: Where to From Here?

(NOTE: The laws regarding depreciation have changed – Read about the Budget changes here). Depreciation: Where to from here? – The property depreciation formula. Whilst the depreciation laws in this country are quite complex, as a whole, I believe they are balanced and offer property investors realistic benefits. But there is always room for improvement. […]

Schedule of Condition Report

A schedule of condition Report details the existing condition of a building at a specific point in time, which is usually used when leasing, purchasing or updating property assets or when there is a change of ownership. It is an item-by-item account describing the elements of the building and their condition and it is recorded […]