New depreciation legislation for Australian property investors

In one of the most dramatic changes to property depreciation legislation in more than 15 years, Parliament has passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 as at Wednesday 15th November 2017, with the Bill now legislation.

The new legislation means owners of second-hand residential properties (where contracts exchanged after 7:30pm on the 9th of May 2017) will be ineligible to claim depreciation on plant and equipment assets, such as air … Read more »

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Things to clear out of your kitchen before Christmas

You have prawns to prepare, turkeys to stuff, cheese platters to construct and don’t forget the trifle!

This is the one time of year to clear the decks and get rid of unwanted stuff from your draws, pantry, fridge, shelves and benchtops. Be ruthless and the reward will be a smooth run through your Christmas preparations and celebrations.
Throw away or donate to charity:

Broken utensils
Can openers – keep one that … Read more »

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Tenant Of The Month :: November 2017 :: Som 

​Congratulations to Som (Partner Bryan pictured) on being awarded Tenant of the Month.

Som has been our tenant for 4.5 years now and is always a pleasure to deal with.

Congratulations Som and thank you.

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Handy Tips for around the Home

From cleaning up broken glass to deterring pests or tackling stains on clothes and furniture, we have a few simple, natural solutions that work.

Eucalyptus oil removes the gummy residue left by shop stickers.
To remove furniture indentations from pure wool carpet place a tea towel over the area and then press with a warm iron. The heat will lift the fibres. … Read more »

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Creating an Edible Garden

Imagine creating a garden you can draw your dinner from, use as waste disposal and enjoy just being in. Costa Georgiadis. Australia’s much-loved garden guru, landscape architect and champion of sustainability, shares his expert advice on creating an edible garden with The Listing, even if you only have a small space.

In his role as host of ABC’s Gardening Australia, Costa brings together his two loves – plants and people. A … Read more »

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Fire Season – Now is the right time to prepare

This summer, with deficient long-term rainfall and the Bureau of Meteorology’s outlook for drier and warmer conditions, they are predicting an ‘above-normal’ fire season.

Now is the time to better understand your fire risk – so talk to your family, friends and neighbours about your plans, and make sure you know when to leave and where to go to stay safe.

Remember, you don’t have to live in the country to be … Read more »

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Bathroom Trends

From feature tubs to brass taps and lush greenery, combining the latest trends and timeless styling tips will transform your bathroom into a bathing sanctuary worthy of a day spa.

Feature Tubs
The freestanding bathtub has gained popularity in recent years, epitomising the changing nature of bathrooms as a space for relaxation and escape from our daily routines. Free-standing tubs work not only as a luxurious space to relax but are a … Read more »

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Can you claim previous renovations?

One question often asked by investors who are considering purchasing an existing second-hand property is whether or not they can claim deductions for work that has been completed to the property by a previous owner.

The rules have always been complicated for investors and for this reason it is best to consult with a specialist Quantity Surveyor for advice for any property being considered and to obtain a comprehensive depreciation schedule.

Given … Read more »

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Oven Cleaning Tips

The biggest tip for cleaning an oven would be to clean it regularly! Regular cleaning makes this job much more manageable and much less effort. When cleaning an oven we suggest you do the following:

 

 

 

 

 

Soak metal runners and shelves in warm water with either a dishwasher detergent … Read more »

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24 Property Management Secrets to Increasing your Rental Income!

Here are some concepts that may help you improve your cash flow..

Higher Rental Value
Ensure the rental value is assessed on a 6 monthly basis.
Property Depreciation Schedule
As a building gets older, items wear out – they depreciate. The ATO allows property owners to claim this depreciation as a deduction. Claiming all the depreciation property investors are entitled to on an investment property can make a big difference … Read more »

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