When it comes to depreciation, the bathroom and laundry areas of a rental property contain some of the items most often missed by investors when claiming deductions. While shower curtains and bathroom accessories such as toilet brushes, soap dispensers and hampers have relatively low depreciable values,...
It’s that time of year when many investors take a well earned break by booking a holiday away from home with their family or friends. While they are away from home, property investors might be tempted by opportunities to purchase a holiday rental as an investment. Before...
Owners of income producing properties can generally claim both capital works and plant and equipment deductions. However when claiming for traveller accommodation, it’s even more important to seek advice from a Quantity Surveyor. The rate at which owners can claim capital works deductions for traveller...
For many Australian’s it has become a priority to ensure that their investment properties are energy efficient. Both media recognition of the impact of carbon emissions and climate change as well as rising electricity and water costs have been influencing factors that have encouraged investors to...
Depreciation continues to be one of the most common deductions missed as research suggests that just 20 per cent of property investors maximise the deductions they can claim. On average, an income producing property owner can expect to claim between $5,000 and $10,000 in depreciation deductions...
With the costs of living expenses rising, saving enough money for future retirement has become more essential now than ever before. A recent estimate from the Association of Superannuation Funds of Australia (ASFA) suggests that the average Australian couple will need a super balance at retirement...
Case study: for $35 per week, you could own an investment property too Owning an investment property can be far more affordable for potential investors than they think, particularly when they claim all of the tax deductions available to them. To explain how claiming these deductions can...
Choosing to build a brand new home rather than buy an existing property provides a number of benefits for potential investors. Generally these types of properties will be built in a developing suburb close in proximity to schools, transport and local services. Surrounded by other new...
Claim depreciation on outdoor structures and save Australia is made for outdoor living, so it is little wonder that alfresco areas have become sought after additions in any property. Owners see great value in adding permanent weatherproof structures to an investment property. Creating an indoor-outdoor environment which...