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 169 - Brisbane Property Market Update August 2023
EP 168 - Margaret Cook’s Revealing Insights on Brisbane Flooding
Ep 167 - The most in demand suburbs in Brisbane right now
EP 166 - Queensland’s Loss, Other States’ Gain: Insights with Mike Mortlock
EP 165 - Brisbane Property Market Update - July 2023
EP 164 – The Key to Success Lies in Finance-Strategy Match
EP 163 - Seller Disclosure Obligations in Queensland are Minimal!
EP 162 - The Pros and Cons of Automated Valuations in Brisbane
EP 161 - Brisbane Property Market Update - June 2023
EP 160 - Antonia Mercorella: CEO of the REIQ and her drive for industry advancement
EP 159 - Does High Growth + High Yield exist in Brisbane?
EP 158 - Building a better Brisbane: Inner City Strategy unveiled
EP 157 - Brisbane Data Update with Tim Lawless
EP 156 - Brisbane Property Market Update May 2023
EP 155 - Why you can’t trust property price forecasts in Brisbane
EP 154 - Brisbane’s proposed flight path shake-up
EP 153 - Which suburbs are at risk of Mortgage Default in Brisbane?
EP 152 - Brisbane Property Market Update April 2023
EP 151 - Our Journey with Rhys and Michelle
EP 150 - Brisbane is growing, where will everyone live?
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