What do the proposed changes to depreciation mean for you?
Recently the federal government announced some proposed changes relating to plant and equipment deductions. Since then we’ve had time to review how this could affect residential property investors. Although we are not expecting the legislation to be finalised anytime soon, we have been talking with government with the aim of developing fair policy which covers […]
Sunshine Coast Employment Opportunities Rising
Sunshine Coast Mayor Mark Jamieson has welcomed new statistics which show employment opportunities in the region are on the increase and unemployment figures are amongst the lowest in the state at 4.8%. Latest figures show that employment on the Sunshine Coast is up 11,500 over the year – with 6400 jobs in construction alone. “Employment […]
Treasury Laws Amendment Bill to impact investors
Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 was introduced into parliament on the 7th of September 2017 and included legislation changes which will negatively affect residential property investors across Australia. Announced in the 2017 Federal Budget, the amendment denies tax deductions for the decline in value of ‘previously used’ or ‘second hand depreciating assets’ (plant […]
Smart Property Investors are Strategic Investors
Successful property investors seek out the right people with the right knowledge and a good track record of successful investing themselves. When working with investment specialists you will hear them recounting key learnings that have guided them through the ups and downs of their investment journey – the real ‘Monopoly board’. Here are five simple key […]
Queensland Economic Outlook ‘Positive’: Deloitte
Queensland’s economy is solid and giving people good reason to be upbeat about the future, according to Deloitte’s latest economic snapshot of the financial quarter. Construction and development appeared healthy to Deloitte’s analysts, who attributed some of Queensland’s strong economic outlook to high levels of interstate migration and international tourism, which have encouraged a growing […]
Pick the method to suit your investment strategy
Pick the method to suit your investment strategy The Australian Taxation Office (ATO) allows investors to choose between two methods of claiming depreciation on plant and equipment assets*. These are the diminishing value and the prime cost methods of depreciation. When an investor makes their depreciation claim, they can choose only one of these methods, […]
12 things to consider when purchasing property
There is no doubt that purchasing a property can be one of the most stressful times in your life. This can be an emotional time and there are a lot of factors to consider when choosing a property that will best suit your needs. So, to hopefully make the experience a little bit easier, we’ve […]
New depreciation legislation for Australian property investors
In one of the most dramatic changes to property depreciation legislation in more than 15 years, Parliament has passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 as at Wednesday 15th November 2017, with the Bill now legislation. The new legislation means owners of second-hand residential properties (where contracts exchanged after 7:30pm on the 9th of […]
DO DEPRECIATION DEDUCTIONS APPLY TO YOU?
Owners of income producing properties are eligible to claim tax deductions for a number of expenses involved in holding a property. Most investors are aware of some of the deductions they are entitled to; for example, they know they can claim their Property Manager’s fees, council rates and any repairs and maintenance costs. However, all […]
SUNNYKIDS CREATES A VILLAGE FOR OUR CHILDREN
Did you know the Sunshine Coast community identifies up to 5,000 at risk children every year? SunnyKids believes everyone deserves a fair go and that too many kids today simply aren’t getting a chance to be the best that they can be. SunnyKids partners with health, education and child protection agencies to keep local kids safe. What […]
