Hi Meak,
Anybody doing seminars in regional towns would advertise in the local papers for attendees. So keep an eye on them.
Beware of property selling groups doing seminars in regional towns. By all means go along and hear what they have to say – you’ll usually pick up something from any seminar. Just be wary when they do the big sell.
If you…[Read more]

Yes, what we need to do is round up the 5,000 cowardly Australians who met up on that Sunday, got drunk, and then went hunting in packs, beating up anybody who didn’t look like them. Surely we don’t want people who behave like that living here?

Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
http://www.depreciator.com.au

My accountant is in Edgecliff. Peter Lang from PLA management. Don’t have the number with me, sorry.
Scott

Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
http://www.depreciator.com.au

There must be at least a dozen providers of landlord insurance.
I know some will not insure a property if it is not managed by a property manager.

Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
http://www.depreciator.com.au

Yes Maruco, the reality is we all tend to judge people initially by their appearance. Of course, this is unfair and unjust and all of that, but it’s always going to be the way. That’s partly why people tend to congregate in groups defined by their nationality.
Thankfully, first impressions often change.
Your son can call himself whatever he wants…[Read more]

Everybody gets labelled, Maruco. Labels are useful things.
The ‘Greeks’ next door to me see themselves as Greek despite having been here since 1956.
Nationalities can be distinct from countries.
The Greeks next door aren’t all that keen on the ‘Lebs’ across the road. I was talking to Ahmed, one of the lebs, yesterday and asking him whether he and…[Read more]

We prejudge people based on our perceptions of the group they belong to.
If we prejudge a person because of their nationality, that prejudice is called racism.
Racism is a just a form of prejudice.
It’s very hard not to succumb to it, and I’m as guilty as anyone else. Seeing an Asian driver and assuming they’re dangerous means we are prejudging…[Read more]

It’s a good ole fashioned turf war. Been brewing for ages. Yes, there was an incident the previous week that was a catalyst, but there would have been other incidents over the years and both sides would have alternately been at fault.
Locals in all beachside suburbs inevitably feel like owners of their beaches – their rates contribute to their…[Read more]

What’s the problem with the current tenant? You don’t want to be lumped with that.
Scott

Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
http://www.depreciator.com.au

Me again.

Of course, when you do the reno, you need to put a value on the things you’re tossing out (The ATO term is ‘disposal’) so you can claim them.

If the stove is worth $350 and you toss it out, there’s a deduction of $350 sitting in a mini skip.

Same for carpet, blinds etc.

As an aside, for who have owned a rental property for a year or…[Read more]

Possibly the best way to view this sort of work is as a ‘renovation’. And the cost of renovations can be depreciated. It’s been a bit of a grey area, so I did some research for my own knowledge. Work that you do after purchase and prior to renting the property out can essentially be depreciated. Naturally, it can’t be claimed as…[Read more]

I’m not sure how accurate that estimator is, either. I think the best way to judge these sort of things is by looking at how much information needs to be entered. If it’s bugger-all, it stands to reason that the accuracy must surely be questionable.
We’ve just about finished building an on-line depreciation estimation tool.
It has quite a few…[Read more]

I’d say my guys get one or two calls per day from people asking what depreciation they may be able to get on a ‘typical’ unit/townhouse/bungalow etc.
It’s a tough question, because what is ‘typical’?
If people send us some internal and external photos we can sometimes give an estimate.
There is a QS industry publication called Rawlinsons that…[Read more]

I bought something through them 2 years ago – yes, it was a tad lazy.
It turned out a good buy largely because the market took off.
I found them okay. Their research does seem pretty extensive.
I’m still on their mailing list. This week something came through for a proposed development (Ramada property) in Ballina. I think there is a market in…[Read more]

So you’re Canadian and you’ve had a nice little windfall.
I’d flog it. Unless you’ve got plenty of money and time and want to chance your hand at developing.
If you like the idea of having something in Australia for the future, buy something with fewer headaches from the sale proceeds.
Have you had the place valued? What are the tax implications…[Read more]

I’m not entirely sure what you mean by:

i would like to know (for the purpose to calculate the building depreciation) the ratio of the capital cost to the property value…

You can’t work out a construction cost estimate from the property value, if that’s what you’re getting at.

As Brahms said there is a building/QS industry book called…[Read more]

I bet the ATO has never been asked about depreciating a hole in the ground, so it would require a Private Ruling. They’re not hard to get – I think you can do it on-line.
Depreciation on buildings is there because the structure deteriorates over time. The ATO logic would probably be that a hole doesn’t constitute a ‘structure’ i.e. it’s a negative…[Read more]

We’ve all seen on the TV news people of ALL nationalities and income groups physically attack the media. The media are often there with cameras at times where people are under stress – crime scenes, riots, court cases, funerals etc.
Think back to the Macquaries Fields riots in Sydney where the police and the media were attacked. What was the…[Read more]

Phew.

Thanks Pete.

I love Hobart – it’s my favourite city in Australia. And it costs bugger-all to fly there with Virgin. It’s worth going even for a weekend.

Next time I’m there I’m going to spend a week exploring the waterways around Hobart. I’d forgotten till I went up Mt Wellington on Friday morning how amazing they are.

Scott

Tax…[Read more]

They’ve got an agent in Northbridge, Sydney. Give him a call Draheim and let us know what he says.

Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
http://www.depreciator.com.au