What is Tax Depreciation? Tax depreciation expenses are not actual cash expenses. They are known as a non-cash entry. They are charges used to recover an asset's earlier purchase. To claim tax deductions, an investor can apply for any non-cash depreciation expenses against their taxable income. An investment property is an asset that can receive tax depreciation. This can be used to lowering the amount of...
This is the latest Rental Market Snapshot as at March 2018. Here we highlight, metropolitan Melbourne and regional Victoria. According to the The Real Estate Institute of Victoria (REIV) :- The proportion of vacant properties in metro Melbourne remained 2.1%, while regional Victoria fell to 1.8% in March 2018. The weekly median rent for houses in metropolitan Melbourne remained at $450 a week,...
Would you accept your tenant with a pet? Let's be honest... Australians and Melbourne love animals and pets. Who doesn't love being greeted by their puppy dog after a hard day at work? Who doesn't love hugging their bunny rabbit or patting their cat while relaxing on the couch? The decision to allow pets into your investment property is important – and when you start thinking about dog hair, possible...
Buying an investment property is a great wealth accumulation strategy. To have the opportunity to earn a regular income stream through monthly rent is a great incentive. However, how do you attract a good tenant for your investment property? Generating a regular rental income is quite important and should be a key criteria when buying an investment property. It can help service your investment loan,...
One of the reasons investors turn to buying real estate is the fact it provides such a great income stream. Here we discuss how to stop late rent payments. Having the ability to generate a weekly rental income paid monthly has been one of the key drivers to buying an investment property. The better your tenant, the better your investment experience. If we hold the property long enough, we are often...
Sourcing a good tenant can be challenging. Particularly if you've bought an investment property in the outer Melbourne suburbs or rural country locations. When you successfully find one, you expect that those applicants will be living in your property. There’s a growing trend at the moment for rental properties to be sub-leased illegally through services like Airbnb. It is critical that you employ a...
Living in rural country can be quite peaceful and quiet. A relaxing lifestyle indeed. If you want to buy a regional property, here is a list of a few common things you should look out for: Land Covenants:- When buying regional property, it is important to read the terms and conditions. In purchasing a block of land that was subdivided will often be subject to a number of land covenants. These terms and...
A Section 32 and Vendors Statement are actually the same thing. It was formerly known as a Section 32 but changed to a Vendors Statement in 2014. We will discuss this further and refer it to it’s newly updated name ‘Vendor’s Statement’. The Vendors Statement outlines the information a property seller must provide prospective buyers, such as the name of the relevant planning scheme and details of...
This is something we always highlight to a buyer. The term cooling off period means the same for any off-the-plan purchase. Should you be buying an Apartment, townhouse or house and land the disclosure is equally managed. However, the cooling off period and rules vary between each state of Australia. As we are domiciled in Melbourne, we wanted to share this information in relation to Victoria only. In...
Many Australians are cautious of buying apartments off the plan. At face value they seem complicated and hard to understand. However, this is quite the opposite. If you know what you’re doing an Apartment can really present so many benefits to you. We won’t elaborate on the opportunities within this article, but we want to share some important tips to buying an Apartment off the plan. Selecting...