With the Australian residential real estate market amounting to $10.3 trillion and the Australian commercial real estate market reaching $1.3 trillion at the start of 2024, this lucrative industry with its potential for long-term growth, diversification and various income streams, stands out as a resilient...
In recent years, the humble granny flat has undergone a transformation from a mere accessory to a principal feature with lucrative income-generating potential. Amidst escalating interest rates and the daunting challenge of meeting mortgage payments, homeowners are increasingly exploring the idea of investing in granny...
Are you a property investor who has completed renovations, upgraded or updated assets? If so, you may be making a costly mistake by not updating your tax depreciation schedule. Many property investors are under the misconception that depreciation is not available on older second-hand properties. However, BMT...
An important part of yearly preparation for property investors includes re-visiting finances and finding ways to improve cash flow. Claiming depreciation deductions on your investment property may be the answer. To help you plan the new year, BMT Tax Depreciation have put together four reasons why investors...
Building a property portfolio is a rewarding yet often complex process that requires planning, research, consulting, and most of all strategy. How does you know where to begin? Here, BMT Tax Depreciation provide the steps to building your investment property portfolio and how to get started. Define...
Choosing to use a Pay As You Go (PAYG) withholding variation could allow property investor to routinely increase their cash flow by changing the amount of tax withheld by their employer. Here, BMT Tax Depreciation outlines how a PAYG withholding variation works, the benefits, and...
Did you know that depreciation deductions are available even if an investment property has only been owned for a short time? Here, BMT Tax Depreciation explains what a partial year deduction is and why they’re important. What is property depreciation? Property depreciation is the natural wear and tear...
The end of the financial year has arrived, so it’s time to get your tax depreciation schedule organized. BMT Tax Depreciation would like to remind property investors of the benefits of ordering and paying for a depreciation schedule before 30 June. What is property depreciation? Depreciation is the...
Depreciation is the natural wear and tear that occurs to a building and the assets within it over time. The Australian Taxation Office (ATO) allows owners of income-producing properties to claim this depreciation as a tax deduction. Property depreciation can be quite technical, but luckily BMT...
9 things quality tenants want in a rental property Quality tenants are not always easy to come by. Because taste is so subjective, there is a small chance that every potential tenant will want to live in your rental property. However, there are certain things that all...