Investment Property
Wrapping up the year with Data, Dance Floors, and Depreciation
Our year started on a high, coming off the back of a massive win for MCG. Landing a position on the Financial Review’s top 100 of fastest-growing businesses, we hit the ground running! Mike Mortlock and Mitch Ford completed their much-anticipated triathlon, with over $2k raised for Heartkids, a charity helping those affected by congenital…
Read MoreProgress Claim Case Study – The MCG Method of Assessment
As part of the services of quantity surveyors, we are regularly commissioned to undertake progress claim assessments on behalf of financial institutions. During the last month, we have seen quite a common conversation held between ourselves and a client (developer) regarding the difference between our assessment of the builders claim and the amount that the…
Read MoreWhat sort of tax deductions will a swimming pool give you?
Swimming pools and depreciation – What sort of tax deductions will a swimming pool give you? It’s not unheard of for an investment property to have a swimming pool, certainly a shared one as part of the common areas of a larger unit development is very common. However, residential houses with swimming pools aren’t terribly…
Read MoreDeductions & Depreciation for all – Why the kids are doing OK
Like any good analytical thinker, I love to hypothesise. Some think it’s a character flaw, whereas I – and those of my quantity surveying ilk – enjoy nothing more than ingesting data, extrapolating the assumptions and producing a conclusion. I was thinking about the recent federal election and the discussions put forward pre-poll day about…
Read MoreWhat the 2019 Federal Election result means for property investors
This question will be sliced and diced a million different ways over the next week or two, but I wanted to give you my thoughts on it. In the short term, it’s going to provide a lot more certainty, and it will be back to business as usual eventually. A lot of investors and even…
Read More5 Hot tips on how to renovate your investment property – properly.
If you are renovating your investment property, make sure you get the most out of your hard toil. There are some simple choices according to MCG Quantity Surveyors, that can boost your bank balance without any extra work. Mike Mortlock, managing director of MCG Quantity Surveyors, said many renovators don’t realise their choices of fixtures,…
Read MoreMCG insights into property investor behaviour that you need to know
Since we started preparing depreciation reports for property investors back in 2011, I wanted to collect data that I thought would illuminate the property industry as to the types of acquisitions the average property investors was making. Through the course of doing what we do, we also have to ask some fairly unusual questions that…
Read MoreWhy does your split depreciation schedule not add up?
Apologies for the click bait article title, but I was at a loss as to what to call it. Let me start by saying that split depreciation schedules are fantastic. I’ve written about them before: https://www.mcgqs.com.au/blog/split-depreciation-reports-are-saving-investment-property-co-owners-thousands/) and we’ve done thousands of them. They’re a fantastic way for multiple tenants in common to see their exact…
Read MoreTax depreciation estimating – The value of having your finger on the pulse
Back in the day, tax depreciation was not a service that quantity surveyors offered. In fact, it’s an industry that’s not much older than 21 years whereas quantity surveying in general can be traced back to at least 1859 but possibly 1785. Sorry, you’re right, you didn’t ask. Anyway, my point is that most quantity…
Read MoreIt’s all in the timing – When to organise a depreciation schedule
Once people have been rebirthed into the glorious world of depreciation boosted property investing, their next question is; ‘When should I organise the schedule?’ If I can cement one thing into your brain, let that be this answer: Now. What I’m getting at here is that people can get seriously caught out by putting it…
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