Construction
What are Scrapping Schedules?
Authors Note: Scrapping schedules have been impacted by legislation changes and in most cases will not suit your scenario. See more information here – Scrapping Schedules – Why they’re a thing of the past. The term ‘scrapping schedule’ is thrown about a lot these days, and to be honest, it’s a term that is more…
Read MoreThe pitfalls of specialisation; Depreciation deductions maximised with estimating department
We live in a world of specialists, and for the most part, it’s a good thing. We use buyers’ agents to find us the best real estate, mortgage brokers to find us the best loan and comparison sites just to help us compare different companies. Why? Well the majority of the time it’s because we…
Read MoreDepreciation on residential buildings – Why 1985 doesn’t matter anymore
It’s amazing how certain aspects of tax depreciation stick in the minds of property investors and real estate professionals. One such example is the residential cut-off date for depreciation on the building structure. Most investors know that 1985 is an important year for depreciation, and many assume that a property built before 1985 will not…
Read MoreHome Insurance Shortfalls and the Impact of Recent Natural Disasters in Australia
Recent events in Australia have shown the devastation that natural disasters are capable of. Between the Queensland & Victorian floods and the NSW bushfires, Australians have come to see just how important adequate home insurance is. These disasters have also highlighted an epidemic of under insured home owners in Australia. Let’s take a look at…
Read MoreRBA Meeting Minutes March 2013 – Construction Activity
The RBA’s March 2013 meeting minutes were issued today and with respect to the property market, the minutes stated “non-residential building approvals remained low and office vacancy rates had risen over recent quarters, reflecting softening demand for office space.” Members also observed that “dwelling construction activity had picked up further in the December quarter. Forward-looking indicators…
Read MorePhase A Depreciation Estimates – For the savvy investor and shrewd agent
Proactive property developers and sales agents are using Phase A Depreciation Estimates, or ‘Phase A’s’, to help market developments to investors. What is a Phase A? A Phase A Depreciation Estimate is a report which shows the potential depreciation deductions available to a property investor, based on a specific property or development. Phase A’s are…
Read MoreMCG featured in Australian Property Investor – Replacement Cost Estimates
We’ve been featured in Australian Property Investors Mini Mag for November in Page 13. The article covers replacement cost estimates for home insurance purposes. You can view the Magazine online here: http://www.calameo.com/read/000511761e414c8d8a38b?authid=63mjEuhY4EhZ
Read MoreReplacement Cost Estimates for Insurance – Premium vs Peace of Mind
Home insurance is a balance between minimising the cost of the insurance premiums paid, and maximising the peace of mind that comes with knowing you’re adequately insured. Too often home owners focus only on the premium and are not even sure how a replacement cost estimate is calculated. A little knowledge goes a long way…
Read MoreMay RBA Minutes point to weakness in housing market
May’s RBA board meeting minutes outline the rationale behind their 50bp reduction of the cash rate. The minutes note that the domestic economy had been growing at a modest rate in early 2012 however, the activity varied across industries. The mining sector remains strong with a number of large projects underway and on the drawing board.…
Read MoreHIA voice concerns over the decline in residential construction activity
In a one page bulletin produced last week, the HIA called for interest rate cuts and supply side reforms to arrest the on-going decline in residential construction activity in Australia. The HIA represents the construction industry and by proxy has a vested interest in construction activity; however there is growing evidence of supply side problems with concerns…
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