Don’t forget to depreciate when you update
One of the most investor common enquiries received by specialist Quantity Surveyors is the question ‘what happens to the depreciation deductions that can be claimed if you decide to remove an asset and replace it with a new one?’ There are a couple of rules and recommendations a renovating for profit investor must follow to ensure […]
Mortgage Update — The Investor Market Is In For A Shock
Keep your eyes on the ball! Whether the sport is cricket, soccer, rugby, tennis, Aussie rules or any other ball sport, keeping your eyes on the ball is of utmost importance. The same concept applies to home loan interest rates. The second you take your eyes off your home loan you could find yourself making a […]
Things that make you go Hmmmm — NSW Stamp Duty
One of those things that make us all think Hmmm is NSW Stamp Duty. Particularly the duty that is levied on our residential property. Our transfer of stamp duty is based upon a progressive tax system where cheaper properties incur a lower rate of tax and more expensive properties incur a higher rate of tax. Some […]
Are You Missing Out On $5,000 Worth Of Investment Property Negative Gearing Deductions?
We have many owners ask us about what investment property negative gearing deductions they can claim. Well The Australian Tax Office (ATO) has clarified negative gearing for rental properties as tens of thousands of Australian property investors submit their annual tax returns. According to the ATO, when investors complete their tax return for the relevant year, they may […]
Why Landlords Should Not Try To Save Money On Property Insurance!
Being a landlord can be an extremely profitable business but without the right planning it can also become very costly. TWO people had to be rescued from a car after it smashed into house in Sydney’s western suburbs Wednesday afternoon. As a landlord everything is fine financially whilst you have tenants in a property but […]
4 Ways To Make Property Profits in Sydney’s West
There are 4 ways to make money out of property investments in Sydney’s West and most of the time they only look at one or two of these. Let’s look at them.… 1. Passive Appreciation That’s when the property value goes up in line with the general property market and over time well located properties in Australia in good […]
9 Steps To Successful PROPERTY INVESTING In Seven Hills NSW
PROPERTY INVESTING Where do I start? A common question asked by all people who have heard about property investing and understand that it is an avenue for wealth creation but are not quite sure what or how to buy a property. 1. Decide what sort of investor you wish to become. Do you want to […]
Maximising Your Rental Potential, Top 4 Tips From An Investment Property Manager!
Tip 1: Make The Most Of The Time You Have In Between Tenants Make the most of the time you have in between tenants. When your investment property in Seven Hills NSW is vacant this is an ideal time to attend to the maintenance items which you have not had the chance previously to […]
SPRING CLEANING YOUR PROPERTY PORTFOLIO
Once a year all prudent investors should pull out the investment scrapbook, clean off the dust and ensure that everything is as it should be. We’ve included the following tips of our own and also as read in an article by Margaret Thomas found recently. Here are a few tips as to what you […]
Rental Reductions Under A Microscope
CPA Australia has advised Australia’s 1.5 million taxpayers who own rental properties that the Australian Taxation Office will be increasingly vigilant in auditing rental deductions as rental losses to grow. The Australian Taxation Office plans to examine 6,000 at-risk cases as well as unusual patterns of rental claims. Last year, the Australian Taxation Office sent out […]
BECOMING REAL ESTATE DEPRECIATION WISE
In terms of depreciation, what should you consider when making an investment property purchase decision? If you are looking to purchase an investment property, it is worthwhile asking yourself a number of questions. While many investors consider location, purchase price and tenanting ability when contemplating an investment property purchase, they often overlook depreciation as an […]
Last updated by Jhai Mitchell at .