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Following on from the boom in new home construction over the past 12 months, we’re seeing many investors able to reap the rewards through depreciation allowances.
Rural townships have had a population boost as remote workers escape to the country looking for a better work life balance. Savvy investors are taking advantage of this trend and building new modern homes catering...
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Our NBtax team was engaged to provide a detailed depreciation report for a new $15.9m residential and mixed-use complex in St Leonards, NSW. The property is located amidst a vibrant commercial district on the lower North Shore of Sydney.
Completed in March 2021, the complex spans seven storeys and is built on an 835sqm site with four levels of basement parking...
Once the heart of the Victoria’s industrial roots, Richmond has evolved into a coveted community enriched with culture, food, and sports. Dotted throughout the district are humble workers cottages, converted warehouses, and new apartment complexes and multimillion dollar properties. This hugely popular inner city suburb boasts a population of approximately 34,944 people. Richmond is ideal for property investors keen to...
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New homes in regional hubs are delivering excellent results for investors both in terms of rental returns and depreciation benefits.
The population growth in many states has meant redevelopment of former agricultural or industrial land into thriving masterplanned satellite communities. Tarneit, a western suburb of Melbourne, is an excellent example. The area features many new free-standing owner-occupied homes as well as...
With land scarce, some small to medium sized property developers and investors are looking at knocking down older properties and rebuilding new residential homes as a viable investment strategy. Homes on large blocks that can be subdivided are ideal. In these cases, investors need to factor in rising building costs, as well as additional fees for approvals, subdivision, plus demolition...
The Sunshine Coast region in Queensland has experienced a population explosion with the region tipped to reach 500,000 residents by 2041. In 2021, a total of 341,424 people were recorded as living in the area, with many migrating to the region from other parts of Queensland and interstate.
With so much interest and growth in the region, it’s no wonder...
Our tax depreciation case studies shine the spotlight on the gorgeous region of Torquay in Victoria. With more and more people, leaving capital cities and opting to work remotely, regional coastal townships such as Torquay are attracting investors. Located roughly 95kms from Melbourne and 21kms south of Geelong, Torquay provides great opportunities with plenty of infrastructure and growth.
Synonymous with surf,...
1. Property Depreciation is one of your greatest tax deductions for your investment home.
Since the introduction of negative gearing, taxpayers can offset rental income and claim expenses associated with their investment properties. As an investor, you can claim depreciation for the ageing and wear and tear of your building and assets during its effective life. The building’s depreciation value is...
This depreciation case study features a new development in Albury New South Wales. Our clients, Don and Nancy purchased a two-bedroom, two bathroom apartment in the new Hamilton development.
This stylish apartment featured:
• Open plan living area with luxurious fittings
• SMEG kitchen appliances including dishwasher and conventional microwave
• SMEG cook top (induction or gas) and SMEG oven
...
Since the pandemic, Southeast Queensland has seen a huge influx of interstate migrants. Many are looking to buy or invest in sought after areas in Brisbane’s Bayside suburbs.
Our savvy investors, Jim and Gen, tapped into this growing trend and purchased an apartment in a newly built boutique development in September 2021. Known as the Lane Residences, the complex is ideally located...