All Topics / Help Needed! / capital cost to property value ratio

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  • Profile photo of is696is696
    Member
    @is696
    Join Date: 2005
    Post Count: 8

    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?
    thanks

    it costs for not knowing

    Profile photo of is696is696
    Member
    @is696
    Join Date: 2005
    Post Count: 8

    hard question huh?[cap]

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    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 Brisbane

    Profile photo of is696is696
    Member
    @is696
    Join Date: 2005
    Post Count: 8

    does it gimme the numbers, just rough numbers to give me some ideas?

    it costs for not knowing

    Profile photo of depreciatordepreciator
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    @depreciator
    Join Date: 2003
    Post Count: 541

    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
    [email protected]
    http://www.depreciator.com.au

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