I just wonder if we would like to buy a house or an unit, how could we know the building construction cost regarding the property before we pay the deposit ? To be honest, we have to know it before we buy so that we could calculate the depreciation cost. Do we just ask the agents or other advice ?
When investigating a property for suitability of investment the amount of depreciation available is of secondary consideration. Of more importance is whether or not the property will provide you with the growth or income you desire.
Any tax benefits you can claim should be treated as the icing on the cake and not the reason for the investment.
However as a guide townhouses built in 2001 had construction cost ranging between $950-$1250/sq m.
Actually I know positive cash flow is my first thing to consider, and I just would like to have more knowledge about the depreciation. My husband and I still work hard on searching positive cash flow property.[biggrin]
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