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 149 - How to choose a Buyers Agent in Brisbane
EP 148 - Brisbane Property Market Update March 2023
EP 147 - Beware of buying new in Brisbane
EP 146 - Brisbane Auction Market Update with Justin Nickerson
EP 145 - Are building costs still blown out in Brisbane?
EP 144 - Brisbane Rental Market Update February 2023
EP 143 - Brisbane Market Update - February 2023
EP 142 - Why relying solely on property data can be misleading
EP 141 - Is Brisbane now in the same league as Sydney and Melbourne?
EP 140 - Brisbane Property Market Update January 2023
EP 139 - A Story from the Brisbane Floods with Rhys Howden
EP 138 Setting property goals for 2023 with David from Property Planning Australia
EP 137 - Major Brisbane infrastructure update
EP 136 - Structuring your Property Purchase with Beacon Accounting
EP 135 - Brisbane Property Market Update December 2022
EP 134 - 2022 year in review
EP 133 - Local Suburb Secrets - Alderley with Andrew Cowan
EP 132 - Brisbane Property Market Year in Review with Pete Wargent
EP 131 - Brisbane Property Market Update - November 2022
EP 130 - Brisbane Market Snapshot with Kent Lardner from Suburb Trends
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