The complexity of depreciation unsurprisingly has many scratching their heads. While investors don’t need to be depreciation experts, BMT Tax Depreciation has answered some of the most common questions on this area of taxation for you. Q. What is depreciation and how does it work? It’s the natural wear and tear of a property and assets over time. While all
April Market Update The first month of Q2 has started off strongly, with no new records set, but performances that have continued to be solid. Houses are selling well at auction, and although Melbourne’s clearance rate for April of 69.9% is 4.4% lower than the result for March, it does reflect a level of consistency. The result is also the
“Unprecedented” was one of the most commonly touted words of 2020, frequently used to describe the events being experienced due to the COVID-19 pandemic. Its use, however, has continued in earnest in 2021, but this time in relation to the increasingly robust activity being witnessed in the Australian property market. 2021’s Q1 results have delivered record outcomes in a number
It’s the tiny number that has a massive impact on our economy – and Australia’s interest rate is expected to stay small for some time yet. The Reserve Bank opted to keep the official cash rate on hold at 0.1 per cent at its April meeting. This was the fifth time the rate was cut or held at the record
When you sell your home styling it for sale is big business these days. Removing all of your furniture and having a staging company move in their carefully curated furniture, homewares and artworks is quite commonplace. If you don’t wish to go to that expense and effort and you already have some beautiful furniture in your home, there is a
A clean abode is a must-have before selling. The only rapt person to discover a mouldy bathroom (complete with a stained toilet) is a bargain hunter who knows they are likely to nab a great price. A fresh, hygienic home leaves a positive impression on a would-be buyer – and makes any homeowner feel great, too. Here are some tried-and-tested
Have you ever heard anyone declare that they love packing before moving home? Unless they are a professional packer, it’s safe to assume that such a person doesn’t exist. Moving all your belongings is tiring and stressful. But, if you concentrate on the small things first, the laborious job can be a more harmonious affair. A first-rate, experienced moving company
What you need to know about Victorian rental reforms: Part II In Part I of What you need to know about Victorian rental reforms we covered some of the 132 legislative changes that are due to be introduced on March 29 2021; now we’ll take a look at what else you need to know. Modifications without consent Tenants will now
Whilst Sky News recently reported that Melbourne has just lived through its coldest summer since 2002, the same thing could certainly not be said about its Real Estate market! Victoria underwent a 5-day circuit breaker lockdown in mid-February, bringing physical auctions to a standstill with less than 24-hours’ notice, but even that did not stop the momentum of the local
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