We know that claiming depreciation deductions is one of the best ways to get the best return from your investment property. Despite this, BMT Tax Depreciation see investors failing to claim lucrative partial year deductions each financial year. Partial year depreciation deductions can boost cash by thousands in just a few months. So why are investors missing out? What are partial year depreciation deductions?        Partial year depreciation deductions are those that can be claimed when the property is only available for rent for part of a financial year. Th ..read more

There are many reasons why investors miss out on claiming property depreciation. Sometimes they believe their property is too old, or they don’t think depreciation is available if the property was only leased during part of the year. A new trend that BMT Tax Depreciation has uncovered is that investors believe that they can’t claim depreciation if their schedule wasn’t completed before June 30. Before we explain why this isn’t the case, let’s cover the basics first. What is property depreciation? Property depreciation is the natural wear and tear of a building and its assets over time. Owners ..read more

It’s important that property owners maximize the return from their investment property.  One of the most reliable sources of cash flow for any investment property is depreciation. Investors can ensure they maximize their depreciation deductions by getting a physical site inspection completed on the property. What is depreciation and how does it boost cash flow? Depreciation is the natural wear and tear of a building and its assets over time. Owners of income-producing property can claim depreciation as a tax deduction. Depreciation is classed as a non-cash deduction, so the investor does ..read more

Having run what was the shortest grassroots campaign in its 102-year history, the Real Estate Institute of Queensland’s (REIQ) fight for more fair and balanced COVID-19 special protections for both tenants and landlords under the Prime Minister’s no evictions moratorium ended after only three days. With almost 400,000 letters of protest downloaded and delivered to Premier Palaszczuk’s office as well as all 93 local MPs around the State, the Queensland Government conceded within 72 hours. “At its core, our Everyone Matters in Real Estate campaign really resonated with every inve ..read more

Global real estate solutions provider promotes longtime finance VP to Chief Financial Officer and brings in experienced software industry leader as SVP and Managing Director for Asia Pacific Sydney, Australia – April 23, 2020 – MRI Software, a global leader in real estate software solutions, announces that it has strengthened its leadership team, promoting Roman Telerman to Chief Financial Officer from Vice President of Finance and appointing experienced software executive David Bowie as its Senior Vice President and Managing Director, Asia Pacific. Telerman provides invaluable ..read more

Tim Lawless and Eliza Owen The Reserve Bank has announced a 25 basis point reduction in the cash rate, to a new historic low of 0.25% and made it clear the cash rate will remain at this level until labour markets are moving towards full employment and inflation is tracking to be within the target range of 2-3%. Under normal circumstances, such an extraordinary move from the Reserve Bank might be greeted with renewed optimism towards housing market activity. Research from the Reserve Bank points to an inverse relationship with changes to the cash rate and property prices; when interest ..read more

The REIQ has enlisted the help of a number of high profile business and real estate figures to raise much-needed funds for Australia’s bushfire victims, as part of the real estate community’s collaborative Beyond the Bricks fundraising initiative. Beyond the Bricks brings together a national network of real estate brands and peak bodies, working to provide immediate financial assistance, as well as long term support, to the victims of these unprecedented bushfires. The REIQ, with the support of Real Estate Talk, has produced a video series featuring a number of inspiring individuals, who have ..read more

The new normal in real estate is having a virtual assistant The new normal in real estate is having a virtual assistant. Basically, if you don’t outsource at least a part of your business, you’re not running it in the smartest way you can. People have all sorts of ideas about what a virtual assistant can and can’t do but at the end of the day if you don’t have one – or even a whole team – you’re leaving money on the table. This is not just a trend or a passing phase. This is the reality of running a real estate business in the new decade. Where did outsourcing come from? To make it clear ju ..read more