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What is tax depreciation?

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...

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What is a Section 32/Vendor’s Statement?

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...

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What is the cooling off period?

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...

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Property – Buying with a friend or family

The average home in the Australia continues to rise. This is very evident in the highly demanded cities such as Melbourne and Sydney. Unfortunately, the capital growth in real estate has often exceeded the increased rate of Australia’s annual employment income. Therefore making affordability harder than it has ever been before. Resulting in many Australians considering other alternatives to buying a...

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Important tips to buying an Apartment off the plan

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...

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Can an Airbnb pay off your investment property quicker?

Recent research conducted by a global index-based online real estate firm ‘Nested” claims that it’s possible to pay off your home loan quicker. https://nested.com/ They calculated how long it would take a property investor to regain the property value based on average rental income and Airbnb costs. It researched seventy-five international cities that featured both Melbourne &...

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The power of a cash flow budget

When it comes to taking control of your personal finances, most don't take the time to create a budget. A budget doesn't mean you stop enjoying life. The primary purpose is providing you with a guideline to understanding what you can afford to spend on a property. This is irrelevant if you are buying a home to live in, use as a holiday home or to invest. It also allows you to discover what you are...

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Did you know there are new smoke alarm rules and regulations?

You must ensure your investment property is compliant with the current regulations. Each state in Australia differs. As we are domiciled in Melbourne, Victoria, this is a quick snapshot to ensure your aware of the Victorian requirements around smoke alarms. Landlords Responsibility: Smoke alarms must be installed in all Victorian homes, units, flats and townhouses. Landlords are responsible for...

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Great tips when selecting a property manager

Once you have purchased an investment property, there are a few important items to consider. One of those items is selecting a Property Manager. A property manager essentially manages your investment property. There service consists of sourcing a tenant, regularly inspect the property, manage maintenance issues and collect rent to name a few. Given the time needed to complete these tasks and the strict...

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Establishing your objectives

Establishing your objectives. As a former financial planner and now property adviser, Tristan Markulija has seen quite a number of goals and objectives. Some with great motivation, some very realistic and achievable, while some are completely unattainable. Part of our process in sourcing the right property for you, our team devote a large component in educating you on the property market, helping you...

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