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Depreciation estimates suggest which couple on The Block could prove to be a triple threat

BMT team — Tue, 14 Apr 2015 06:05:14 +0000

The four townhouses from the hit Channel Nine show ‘The Block Triple Threat’ could each become lucrative purchases for property investors when they go to auction on Tuesday the 28th of April 2015. An independent depreciation assessment of the completed properties by the BMT team has identified significant deductions for any property investor considering purchasing one of the four townhouses. The original twelve units located on the Darling Street, South Yarra site were reported to have been purchased for $5.7 million. Since then, they have undergone extensive renovations by the contestants, who have converted the units into four triple-story townhouses. If an investor was to purchase one of the properties, which are tipped to sell for around $1.4 million, they are an underlying goldmine. An investor purchaser could claim a minimum of $39,986 and a maximum of $54,163 as an average first year depreciation deduction for one of the four properties, The townhouses will obtain the maximum depreciation potential for investors within the first five years of ownership. Of the four couples, Tim and Anastasia’s townhouse is most likely to impress buyers looking at the property for investment purposes, with depreciation estimates suggesting their property would result in the highest depreciation deductions in the first financial year as well as over the life of the property. This was followed closely by Dee and Darren with the next highest depreciation estimate which could be claimed by potential investors. Below is a summary of the depreciation estimates our BMT team found for all of the four properties. We prepare tens of thousands of property depreciation schedules each year through twelve office locations around Australia and are specialist Quantity Surveyors. Quantity Surveyors are one of the few professionals recognised by the Australian Taxation Office to have the appropriate costing skills required to estimate building costs for depreciation. Legislation allows the owners of any income producing property to claim depreciation deductions for the wear and tear of the building structure and the assets contained within. Yet our research shows that 80 per cent of property investors fail to take full advantage of property depreciation. Investors who don’t claim depreciation are missing out on thousands of dollars in their pockets, The finale of ‘The Block Triple Threat’ featuring the results of the auctions will air on Channel Nine on Wednesday the 29th of April. For further information, you can contact us on 1300 728 726.

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The New Year’s resolutions of a property investor

Bradley Beer — Fri, 16 Jan 2015 00:10:40 +0000

Those who decided to invest in the Australian property market in the past few years are probably feeling pretty good about that decision right now. According to CoreLogic RP Data, home values across the combined capital cities achieved a year-on-year increase of 8.5% by the conclusion of 2014. This was just down from the 9.8% achieved during 2013. However, the market can sometimes move in unexpected ways, so here are my 2015 New Year’s resolutions as a property investor. I will: think outside the box I see it time and time again – investors looking to purchase in the area they grew up in, or one they are familiar with. In doing so, they may potentially be overlooking other areas with much higher growth potential in favour of the comfort of familiarity. This is a mistake I was guilty of making in my earlier years as a property investor. I bought in a town I had lived in for a long time, rather than relying on performance indicators or other such metrics to guide my purchasing decision. This may have resulted in a sub-optimal investment decision. Investors who follow the herd and rush to purchase in the more predictable investor locations can often be guilty of overlooking other possibilities. The lesson learnt this year with the increased activity in rural and regional locations, not traditionally considered typical investor markets, was that it can pay off to consider all possibilities. I will: be ready to act I witnessed many prospective home owners sitting on the fence throughout 2014, undecided as to whether it was a good time to enter the market. Some of these people are sure to be feeling disappointed now, after witnessing the capital gains realised by many others. The naysayers of doom and gloom will always be out there, warning of property market crashes or plummeting property prices. But those who followed the advice of these negative commentators last year are likely regretting doing so. Buying a property can be a big decision, and no one should ever rush to purchase without thinking through their options. But remember, indecision may keep you from what could potentially be a rewarding investment decision. Once you are mentally prepared to act, it’s just as important to be financially prepared. This includes having considered your budget and price range in great detail and seeking pre-approval from your finance provider. That way you will be ready to take advantage of any opportunities which come your way, and avoid the regret of what could have been. I will: get real about my budget Sometimes budgeting can slip off the radar. With the current extended period of historically low interest rates, it can be easy to get comfortable in thinking that extra bit of cash will always be around. However, there are few guarantees in life and it can never hurt to have a bit of money saved up on the side. One way to better understand your true expenditure is to track your spending for one month. By committing to recording every expense for an extended period, you’re sure to uncover any mindless or wasteful spending you may have otherwise been unaware of. This will help you create a budget that is accurate, achievable and useful, as well as assisting you to drop bad spending habits along the way. I will: take advantage of cheap money Speaking of interest rates, it’s fair to say that they’re unlikely to remain at historic lows for long. Though the Reserve Bank has not yet given any indication of an impending rate rise, I would still suggest investors take advantage of the current situation and consider locking in rates where possible. Money is cheap now, but it can’t last forever. I will: enjoy the ride Finally, none of us really know what 2015 will bring. We can’t actually say for sure whether interest rates will rise, fall or stay the same. Nor can we predict with complete certainty the locations or property types which will provide the greatest capital gains or the highest rental yields. My main resolution as a property investor is to simply be ready for whatever comes along in 2015. Enjoy the ride that is property investment. Adaptability and flexibility, with mental and financial readiness to purchase, will be key in the Australian property market heading into the New Year. Happy 2015 to all. Here’s to a prosperous and fulfilling new year. This article was first published here: www.realestate.com.au/blog/new-years-resolutions-property-investor/

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Win an iPad mini by entering our Estimate the Depreciation Competition when you visit us at the Home Buyers Show in Melbourne this weekend

Bradley Beer — Fri, 23 Aug 2013 23:27:39 +0000

You can get your free complimentary tickets to the Melbourne Home Buyer Show on our facebook page. Come see us at stand #732 and we’ll help you with all your depreciation needs. Learn how you can save money and maximise the cash returns on your investment property. I will be speaking today and tomorrow, come talk to us and let us know what you’re up to investment property wise. We’ll love to know what you’re doing and what you think about the current housing market. While you’re there test your depreciation knowledge and enter our Estimate the Depreciation competition for your chance to win an iPad mini. Look forward to seeing you here.

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Complimentary free tickets to see us this weekend

Bradley Beer — Fri, 19 Jul 2013 21:30:38 +0000

Congratulations QLD on the great win, 8 and 0. If you’re a New South Welshman and are feeling pretty blue this morning, this may just lessen the pain for you. Here are complimentary tickets to this weekend ‘s Home Buyer & Property Investor Show in Sydney for you and your clients. If anything, at least sentiment for the NSW property market is a little brighter. Have a great day everyone. http://on.fb.me/12xskcf

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