are you a real estate fanatic? VIC's property outlook

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With Australia's two speed economy, there has been rather big price differences in prices of properties in different states. I'm sure some of you are planning to sell, curious as to how much your property is worth or planning to buy.. so you need to know how well is VIC doing to make best decisions and judgements.

Here's a link to VIC's property outlook : http://www.firstnational.com.au/?pagecall=content&ContentID=103270&MenuItemID=76802&subject=Property_Outlook

I highly recommend as it's a good read - covering economic & market outlook, property prices (residential, rental market and activity growth), trends, commercial property market, rural estate business outlook...

For a more summarised version for quick overview of what's going on in Victoria & Australia, check out our November newsletter.

HAVE A GREAT WEEKEND & MELBOURNE CUP PUBLIC HOLIDAY!! :D

What is tax depreciation?

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Are you a newbie to the real estate industry? or just need refreshing as to what tax depreciation is?

Every investment property owner needs a capital allowance and tax depreciation report. As a building gets older and items within it wear out, they depreciate in value. The ATO allows property investors to claim a deduction related to the building and plant and equipment items contained within it.

It can be claimed by any owner of an income producing property. This deduction essentially reduces the investment property owner’s taxable income – they pay less tax! There are usually thousands of dollars to be claimed in depreciation deductions on any investment property. 

There are many benefits for investors when claiming tax depreciation, some include:

• More money in your pocket at tax time
• You can adjust your previous tax returns – get your money back from the ATO!
• Double our fee or its free Guaranteed: If we cannot find double our fee worth of deductions in the first full financial year claim, there will be no charge for our services
• The fee for a tax deprecation report is 100% tax deductible
• BMT find investors an average of between $5,000 and $10,000 as a first full year deduction
• BMT work with your accountant

Great website for you to estimate your depreciation potential for your investment.. go go go go check it out!!

http://www.bmtqs.com.au/other/depreciation-calculators/CustomDepreciationCalculator.aspx?company=firstnational&cookieCheck=true&cookieCheck=true

Home ideas

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Home brilliant home ideas.. investment property? holiday house? .... or just simply mind-boosting ideas?

WHAT A MANSION!!

Something a lil more realistic but still magnificent!

Open Kitchen and a shaded outdoor dining area. High ceiling. Spatious.

Tropical inspired

This is taking outdoor dining to a whole new level..

To sell or not to sell????

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Such a big decision when it comes to selling.. when is the perfect time you ask?

Your decision to sell your property may not coincide with the perfect market conditions. Therefore it is important to know what is happening in the property market and the economy as a whole, as the real estate market generally reflects the current state of the broader economy.

What to consider:
- your own personal objectives
- your ability to finance a new property and meet ongoing repayments and capital gains tax implications for selling an investment property. 

But here's a website to check out your suburb's profile!!
http://www.rs.realestate.com.au/cgi-bin/rsearch?a=sp

Register for JMChase Nov eNewsletter:

http://jmchase.com.au/index.cfm?pagecall=content&contentId=79944&menuItemID=80732

Breathtaking..

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Triglav National Park near the town of Bovec in Slovenia is one of the most charming places in the region.

This is nothing to do with real estate but it was too incredible not to share, Can you imagine waking up and seeing this???

Fascinating Aurora Borealis in Canada. Perfectly beautiful, isn't it?

 

 

 

To co-own or go it alone?

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http://news.domain.com.au/domain/home-buying-tips/to-coown-or-go-it-alone-20120928-26or3.html

Have a read on this article about sharing ownership over a property with a friend, a family member or owning one yourself

Cheapest suburb in the country! Get outta here :0

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http://discover.realestate.com.au/buying/news/meet-the-cheapest-suburb-in-the-country

$84,500 for a three-bedder? $89,000 for a 4 BR property?

Head south to Queenstown, Tasmania, where opportunities abound.