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 90 - Understanding the Queensland Residential Contract Changes
EP 89 - What does the suburb median price buy in Brisbane?
EP 88 - January Rental Market Update - With Jonathan from Bell Estate Agents
EP 87 - Brisbane Property Market Update - January 2022
EP 86 - Welcome to 2022 - We are off to a cracker start!
Ep 85 - A Year in Review - Brisbane Property in 2021
Ep 84 - Brisbane Property Market Update - December 2021
Ep 83 - Affordability in Brisbane
EP 82 - Brisbane CBD now and into the Future
EP 81 - Unpacking Brisbane Price Growth Forecasts
EP 80 - Brisbane Property Market Update - November 2021
EP 79 - Auctions in Brisbane
EP 78 - Preventative Maintenance on Brisbane Properties
EP77 - Is it too late to buy in Brisbane?
Ep76 - Brisbane Property Market Update - October 2021
EP 75 - Top 10 growth suburbs in Brisbane
EP 74 - Top 10 most in demand suburbs for 2021
EP 73 - A little about the history of Brisbane
EP 72 - What does your money buy in the Brisbane Property Market
EP 71 - Brisbane Property Market Update - September 2021
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