1) Anybody know where I can get a graph of how median house prices are changing in Berwick, VIC for the last couple of years?
I would like to do some extrapolation as part of my research.
2) After buying a house how do I know how to figure out what the cost of the house vs land for tax depreciation purposes. How do I get it appraised? (I bought a house using a credit line so this didn’t automatically happen through the bank).
Thanks for helping a newbie. [
]toystory, the only way you can get a valuation for depreciation purposes is to use a quantity surveyor.
In Aust, we can only depreciate how much it cost to build, so it’s really quite irrelevant how much you paid, and what the land is worth for that purpose. I believe in NZ you depreciate based on your purchase price – now that would be good here!!
As for first question – can’t help, sorry.
Cheers
Meltoystory,
I think there is something like a median price graph at the REIV website – you select the suburb name and it will graph the median for you.
Haven’t checked it for a few weeks – go to http://www.reiv.com.au
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