Seven Hills Real Estate and news for the local area

This blog is here to give you first hand local information about real estate and local issues in the areas of Seven Hills with a special focus on Toongabbie and Kings Langley.

Don’t forget to depreciate when you update

Dont 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 […]

Tenants Feeling Misled? The True Costs Of Self Managing Landlords

The True Costs Of Self Managing Landlords

Some ten­ants are feel­ing misled by land­lords who are try­ing to max­im­ise their profit by hir­ing a real estate agent only to advert­ise their prop­erty, pre­fer­ring to self man­age from there on. As a land­lord, there’s noth­ing wrong with try­ing to max­im­ise your profit depend­ing of course on how you do it. You may feel that […]

How To Maximise Future Tax Deductions When Renovating

Tax Deductions When Renovating

Ren­ov­ate and prosper With shows such as ‘The Block’ and ‘House Rules’ inspir­ing a wave of ren­ov­at­ors, many prop­erty investors have con­sidered whether they too should do some renov­a­tion work to their invest­ment prop­erty. Though investors know com­plet­ing a renov­a­tion will add value to their prop­erty and pos­sibly even increase the weekly rental value, they […]

How To Increase Depreciation Deductions for Co-ownership Property

How To Increase Depreciation Deductions

Over half of the depre­ci­ation sched­ules cre­ated are for prop­er­ties that have been pur­chased by more than one owner. Last year, just over half of the depre­ci­ation sched­ules com­pleted by BMT Tax Depre­ci­ation for investors, were for prop­er­ties that had been pur­chased by more than one owner. It’s not sur­pris­ing that prop­erty co-ownership is becom­ing pop­u­lar in and […]

Alert Scam Letters “Non-resident landlord scheme”

Non-resident landlord scheme

Alert to Prop­erty Man­agers regard­ing scam let­ter headed “Non-resident land­lord scheme” Applic­a­tion to receive Aus­tralia rental income without deduc­tion of Aus­tralia tax We wanted to inform and warn you of a scam which is cur­rently being faxed to Real Estate Agents and land­lords. See let­ter below. It is in the form of a fax/letter appar­ently from The […]

Property Tax Time Tips

A kid in need of some tax tips

It’s tax time and prop­erty investors should show cau­tion when pre­par­ing their returns. Here are some tips: All rental income from your invest­ment prop­erty must be included in your return. Your rental property’s rates, interest, insur­ance, real estate agents fees, depre­ci­ation and cap­ital works can all be claimed as a deduc­tion. Repairs and improve­ments are […]

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Cnr Federal Road Prospect Highway Seven Hills NSW 2147 Australia