Property depreciation is a non-cash tax deduction available to the
owners of income producing properties. As a building gets older, items
wear out – they depreciate. The ATO allows property owners to claim this
depreciation as a tax deduction. Depreciation on items such as carpets,
stoves, blinds, hot water systems, light shades and heaters are all
valid deductions. There is also a deduction available for the wear and
tear on the structural element of a building, commonly called building
There are many trends and factors that can influence a property’s value and the types of tenants it will attract. It is important to not only consider the individual benefits and features of a property, when buying or selling, but also the trends occurring in the suburb and surrounding areas.
The Reserve Bank of Australia (RBA) staying on the interest rate
sidelines shouldn’t deter consumers from trying to secure a better deal
from their lender, according to leading mortgage broker Loan Market.