Queensland

The Dirt On Property Depreciation

What’s depreciation? In a nutshell, it’s an allowance under tax laws in Australia for investors. It means they can claim deductions for expenditures in their property investments. Why depreciation? Even extremely well-built houses aren’t imm...
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Property Management and Smoke Alarms are Good Friends

Property management and smoke alarms are good friends. Or at least they should be. Worst possible scenario: Inaction can lead to deaths and a stint in prison. It’s a familiar story, even in developed countries, however. From one BBC report: “A...
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Rental Reforms To Hit Queensland

Queensland’s 40-year-old rental laws are under scrutiny. One big potential change: making it easier for tenants to own pets and more pressure to address repairs in a timely manner. Property owners, however, may have more powers in their hands to ch...
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What is Caveat Emptor?

Increasingly property buyers are aware of their responsibility to discover building defects before sale – this is known as the Latin principle Caveat Emptor or ‘buyer beware’. The full quotation is ‘caveat emptor, qui ignorare no...
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Why arranging a Pre-Sale inspection can give you an advantage

If you’re thinking about listing your home for sale, it is the perfect time to look at anything you may need to fix or repair. You’re probably used to the ceiling water stains and spots of mould in your kitchen cupboards, but these minor defects ...
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Depreciation - A Most Valuable Deduction

Looking to claim? For property owners, depreciation is the gift that keeps on giving and another reason to talk with the professionals at Jim’s Building Inspections. To wit, investors deduct the amount of income-producing assets in decline over the...
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GET YOUR HOME READY FOR WINTER!

With winter only around 7 weeks away it is time to think about doing those essential jobs around the home that is really easy to forget. Then one day you look out the window and you have water cascading down your fascia and into your eaves. This happ...
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Common defects found in homes

Are you buying a home or investment property? Here are some of the common defects that our building inspectors in homes. Termite damage The advantages of getting a vendor report before putting your house on the market. Termite damage was found ...
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What Does Jim Know About Building Inspections Anyway?

ACTUALLY, QUITE A BIT MORE THAN WE EVER REALISED! We recently discovered that Jim Penman’s dad was a forensic engineer. From an early age Jim’s father was investigating materials, structures and their components which failed o...
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Do you think that property you are looking to buy has asbestos?

If the house you are looking to buy was built or renovated before 1990, it is likely that it will contain some form of asbestos-containing materials. Did you know that approximately one-third of homes built in Australia contain asbestos products? ...
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