i would like to know (for the purpose to calculate the building depreciation) the ratio of the capital cost to the property value in the following types of properties:
– apartment in CBD/city.
– apartment/unit in inner city.
– apartment/unit in outer city.does anyone have any information about it?
thanksit costs for not knowing
hard question huh?[cap]
pop into a library and find a copy of Rawlinsons Building Costs Guide – its a bible really – capable of answering your qu’s to the dollar – you can buy it of course (any good or bad bookstore).
If you can’t find it in a library then you need to find a friend who is a quantative surveyor or at least is a valuer – thats what i do..
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanedoes it gimme the numbers, just rough numbers to give me some ideas?
it costs for not knowing
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 Rawlinsons. It costs $2-300, so I’d try a library first.
Rawlinsons can tell you how much a property may have cost to build using square metre rates. Let’s say you’re looking at a 60sqm apartment in a Melbourne CBD block built in 2002. Using Rawlinsons you will be able to work out a rough construction cost.
The ATO clearly states that these figures will not be suitable for tax purposes.
Scott
Tax Depreciation Schedules
Australia wide service
1300 660033
scott@depreciator.com.au
http://www.depreciator.com.au
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