Can anyone tell me how I go about finding out the original construction price of a property I am thinking of buying for investment? I understand that this is the value you use when estimating depreciation on the building, am I correct?
Thanks
NonA Quantity Surveyor should be able to help you with this figure based on the age and location of the building.
Richard Taylor | Australia's leading private lender
Further to Richard's point, only a Quantity Surveyor or Registered Valuer can provide you with watertight documentary evidence of cost for tax purposes – ie you can't get a real estate agent, builder, handy man, mate etc to provide this information.
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