There is no doubt that the construction industry is doing its best to maintain momentum through this period to support economic recovery.  However, the building sector, in general, is still experiencing a significant price increase in building materials, particularly when it comes to steel and timber products, due to sourcing and shipping constraints.  There are […]

If you are a property investor, I’m sure that you’ve heard of quantity surveyors before. But what exactly is a quantity surveyor? The question, 'What is a Quantity Surveyor?' may seem simple enough to answer.  However, the truth of the matter is that there are many things that a quantity surveyor does, and they're all […]

Currently, at least one-third of Australians live in rental homes. The statistic continues to grow in our capital cities, with at least 70% of Sydney residents renting their homes.  Most rental houses are owned by individual investors. So, unfortunately, this means that rental contracts are generally short term and under most contracts, landlords have the […]

If you are looking to renovate your investment property, you will want to consider assessing the scrap value of any assets you plan on demolishing or throwing away.  Did you know that assets that are going to be thrown away or “scrapped” can be claimed for 100% of their current value as a loss?  What’s […]

When it comes to property investment strategies, positive gearing is considered one of the more conservative investment strategies, with most investors rather leaning towards negative gearing.  According to the Australian Taxation Office (ATO), around 30% of Australians own an investment property with 40% of those being neutrally or positively geared. That means that 60% of […]

You’ve just purchased your first investment property and are looking for ways in which you could reduce your taxable income through tax depreciation. One of the ways in which you can maximise the tax deductions on your investment property is through assessing the effective life of your assets. How do you assess the effective life […]

As a first-time property investor, I’m sure you’ve heard that tax depreciation deductions are typically one of the largest tax deductions you can claim as a property investor in Australia. But it can be quite overwhelming navigating through the different claimable tax depreciation deductions. For example, you may know that there are two different depreciation […]

Deciding on the best property investment strategies for you can be a daunting task, especially if you’re a first-time property investor. But give yourself credit! You’ve already accomplished a big part of the daunting task - making the actual decision to invest in the property market. If you can take one bold step towards a […]

Discovering how to avoid capital gains tax when selling your investment property can save you thousands of dollars. Yet so many first-time property investors continue to be overwhelmed at the thought of potentially paying capital gains tax on the hard-earned growth of their investment. But don’t be discouraged, we have some good news for all […]

You’re thinking about having your rental property become your main residence. But you aren’t sure if the decision comes with any tax consequences. Will the move affect the tax deductions you claim? Is it possible to turn my rental property into my main residence and still rent a part of it out? Will you still […]