All Entries in the "Quantity Surveyor" Category
Insurance On Strata Title Properties
When a person owns a strata title property, whether it be a unit, apartment or a commercial property, owners need to be aware of just what insurance is taken out by the body corporate.
it has often been found that body corporates will keep renewing the insurance each year, which is increased by CPI, but they [...]
Start Property Investing With A Renovation
Many people would like to get involved in property investing but feel that a buy and hold property is not their goal.
If this is the case a simple buy, renovate and sell property may be the answer. Unless an investor has done some renovation before it will pay them to thoroughly research this topic be [...]
Tax Related Issues With Property Investments
You might wonder why I am writing about tax related issues when it is September, just 3 months after the end of the tax year. The simple reason is this:
Why leave it until preparing for the next set of tax figures before fixing the mistakes made last year?
The Australian Taxation Office (ATO) sees a repetition [...]
Recapping On The ATO Reforms Regarding Quantity Surveyors
I just wanted to give you a reminder that with the new ATO reforms all Quantity Surveyors now have to be registered Tax Agents, and from 1st July they must hold PI insurance which has to state: “For Tax Depreciation services”.
The purpose of this particular reform is an effort by the ATO to weed out [...]
Tax Time & Tax Depreciation
The Australian Taxation Office will no longer accept tax depreciation schedules from unregisterd Tax Agents.
In the past we have talked about using qualified people for all your property investment needs and now the ATO has passed a law that will even further tighten the requirements of property investors to have their returns done correctly.
All Quantity [...]
Property Investment Returns
Unless you were talking to a renovator, or unless the market is in a price runaway phase, most investors would tell you that making money in the property investment field is a long term wealth creation activity.
Residential Investment
The reason for this is because investors often purchase houses and houses and apartments usually have about a [...]
Rebuilding A Storm Damaged Property? Then Talk To A Quanity Surveyor
There are so many issues to address when you own an investment property that has been damaged by a storm. After you have got your head around the fact that repairs are going to have to be done it is wise to talk to a Quantity Surveyor to discuss your options.
When rebuilding or repairing from [...]
Renovating Investment Properties and Where To Buy
Renovating properties is a very popular strategy for making extra money when property investing. Many investors will renovate and rent for a higher rent which is a good way to increase capital growth and also receive that higher rent, but also some property investors like to renovate and flip the house as soon as it [...]
Buying and Selling Investment Properties
Buyers and sellers of investment properties need to keep in touch with their agents.
Most buyers and sellers would take it for granted that a real estate agent would immediately let them know if a sale had fallen over, or they would hear reasonably soon from their solicitor, but that is not always the case.
This scenario [...]
Renovating Investment Properties To Sell On
In my last blog I was referring to Flipping properties and said how Flipping Properties was the buying and selling of a property without actually having to ‘own’ the property because it has been sold on to another buyer.
But let’s look at Renovating and Flipping a property
The process of find the right property to buy, [...]
Using Quantity Surveryors For A Better Depreciation Schedule
It is quite common for an investor who has purchased a new property to use the builder’s costs as the basis for a depreciation schedule. This may sound a sensible thing to do but the fact is that the builder has just that, builder’s costs.
Unfortunately, the builder’s costs are not the only costs to be [...]
Property Investment Education
When using property investment to build wealth as with any method to build wealth, education is a top priority.
Property prices have changed over the past year and on the whole have been positive. In saying that there has been some volatility in recent months and the market has gone quite flat in some areas. In [...]
Maintenance Issues To Fix?
There are 3 weeks left until the end of the financial year so it is time to get those last minute repairs done if you want to claim them in this financial year.
Maintenance Expenses
Property maintenance expenses are those that are incurred in bringing the property back to a safe standard. It could be replacing a [...]
