Property Depreciation Schedules - The New reality

World Property Prices

Are world property prices around the globe rising or falling since COVID-19? A FALL in property prices around Australia – and indeed the world – was expected by many due to COVID-19, but the doomsday predictions haven’t come to fruition. There have been some falls, but in many cases prices are actually rising, and in […]

Will property boom in 2021?

AS WE reach the end of the year it seems Australia’s property market has been heating up, with greater sentiment, activity and price growth. The latest CoreLogic figures show the market continued its recovery in November, with prices rising for the second month in a row. Dwelling values rose by 0.8% over November and 0.4% […]

Should You Buy a Property as an Investment

When it comes to deciding what to do with your hard earned savings, the choice between investment opportunities can be difficult. There are a number of factors that might convince a potential investor to invest in one opportunity over another.  In particular, property as an investment is something that has been extremely profitable for a […]

Case Study – Second Hand House (Built After 1987)

Client Name and Unit Number have been altered for privacy.   Marie came to Washington Brown looking to maximise her tax depreciation deductions, having purchased a second-hand investment property in 2018. The house was originally built in 2000 and was purchased for $1,200,000 in 2018. The two storey house consisted of 4 bedrooms, 2 bathrooms […]

Case Study – Brand New Apartment

Client Name and Unit Number have been altered for privacy.   Having recently settled on an off-the-plan apartment in Clayton, Victoria, Paul’s accountant suggested he contact Washington Brown to maximise his tax deductions. The 74sqm, 2 bedroom, 2 bathroom apartment was purchased for $559,000 in 2020. As Paul was the first owner and had never […]

Are the responsible lending reforms good or bad?

IN A MOVE designed to strengthen the economic recovery from the COVID-induced recession in Australia, the Federal Government recently announced reforms to responsible lending laws. By removing responsible lending obligations from the National Consumer Credit Protection Act 2009 (NCCP), with a few exceptions, the changes mark a move away from the ‘one size fits all’ […]

Will the Doomsayers be right….this time?

Could property fall by 40%? AS during any crisis – and even in the absence of one – the doomsayers come out in the property market. And COVID-19 is no different. Following the pandemic we’ve seen numerous predictions about Australian property prices, including that they could fall by up to 40%. Will it come true? […]

The HomeBuilder Grant

Is the new HomeBuilder grant scheme enough? IN THE AFTERMATH of COVID-19, things are changing all the time, including restrictions and the impact these are having on a range of industries, including property. So far the property market seems to be holding up pretty well, with minimal falls in values. But it’s a different story […]

Depreciation Schedules – The New Reality

The COVID-19 pandemic has forced many businesses to reflect on “industry norms” and the way they operate. We are no exception. At Washington Brown we believe in researching each property and advising clients on the best way to approach achieving the maximum depreciation in the most cost-effective way. Not EVERY property needs to be inspected […]

Real Estate During The Pandemic: Is It All Doom & Gloom?

Having caught up recently to co-present on a Depreciation-centric webinar in the lead up to the End of Financial year, Peter Foldes from Washington Brown was able to chat to leading property analytics researcher Terry Ryder (Owner and Creator of Hotspotting) regarding the effect of the COVID-19 Pandemic on Real Estate around Australia. Terry, mainstream […]