BMT Tax Depreciation has launched a new online calculator that is set to revolutionise property research for investors by using key market analysis and customisable data to show exactly how a purchase will affect the end position of a buyer.
In a market-first, PropCalc provides comprehensive analysis of the holding costs of any property including taxation benefits like depreciation. This allows investors to better understand the investment potential of a property.
The calculator allows users to personalise data such as purchase costs, potential property income, annual expenses and tax deductions, producing real after-tax cash flow results for specific property buying scenarios.
“Some investors are playing Russian roulette with their finances by not fully understanding the cost of owning a property before they purchase,” BMT Tax Depreciation CEO Bradley Beer said.
“As a result, mortgage stress continues to be one of the main issues faced by property owners in Australia.
“Those looking to purchase property could significantly reduce their risk of stress from finance by simply calculating costs beyond the deposit, interest repayments and expected income.
“We believe that PropCalc is a quantum leap forward in this regard and we would encourage people to try out the new online resource which we have made free for all,” said Bradley Beer.
PropCalc is available as an app on Google Play and the App Store. The tool is also available online via MyBMT, a free comprehensive portal designed to help property investors, accountants and property managers to access and manage their details online relating to all their depreciation needs.
Register for MyBMT via mybmt.bmtqs.com.au and start enjoying the benefits of PropCalc today.
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BMT Tax Depreciation