Being the end of another financial year, we thought it was timely to discuss one way property investors can maximise their tax benefits through property investing. Our Guest, Mike Mortlock, is Managing Director of MCG Quantity Surveyors and together we highlight what is depreciation, why it needs to be considered and what benefits are available to property investors through depreciation when they complete their annual tax return.
Mike shares some valuable guidance on the types of renovation work that delivers maximum depreciation benefits - especially in Queenslander style properties that are so typical in Brisbane.
We also cover why investors should NOT select their investment solely based on maximising their depreciation benefits, providing real data examples of Brisbane property performance for those dwellings that would have delivered strong depreciation benefits over the last 10 years (compared with the capital growth performance of those properties).
If you want to learn more about depreciation and how it can be used strategically when investing in property to maximise your returns, then this is the episode for you!
Learn more about your hosts, Scott & Melinda Jennison, at www.streamlineproperty.com.au
You can also get in contact with Mike Mortlock or his team at https://www.mcgqs.com.au/
Ep 14 - Brisbane Rental Market Update - with Special Guest Jonathan Bell
Ep 13 - "Insider Secrets" for the Brisbane suburb of Bardon
Ep 12 - Brisbane Property Market Update - July 2020
Ep 11 - Beware Of The Property Spruiker
Ep 9 - The Most Common Issues Detected At A Building & Pest Inspection And What Options You Have If Problems Arise
Ep 8 - Brisbane Property Market Update - June 2020
Ep 7 - Benefits And Pitfalls Of The HomeBuilder Package For Brisbane Residents
Ep 6 - When To Contact A Town Planner In Relation To Your Brisbane Property Purchase - with Special Guest Alex Steffan
Ep 5 - FLOODING In Brisbane And How You Can CHECK FLOOD RISK
Ep 4 - The "ONCE IN A GENERATION" Infrastructure Boom Currently Underway In Brisbane
Ep 3 - What Features Do Brisbane Tenants Want In An A-Grade Investment Property?
Ep 2 - Brisbane Property Market - May 2020
Ep 1 - An Introduction to our Podcast
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