Victoria

Blacklists For Potential Tenants? You Betcha!

Yes. Blacklisting tenants is a thing and may not be talked about because of shame-related issues. According to the ABC, a person can be blacklisted without even being aware. His or her name in such a case will pop up on tenancy databases meanin...
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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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Building? Here Are Mark Campbell's Lessons Learned

“My rationale for building new was threefold,” writes Mark Campbell, a working-class Aussie. “Firstly, it enabled me to have control over the end product and it made sense from an investment perspective because I could maximise depreciation and...
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Re-stumping red flags

A guide to Re-Stumping Re-stumping - or re-blocking as it's known in Victoria - is big business in Australia and can be a very costly exercise, particularly if you don't know what you're looking at and you don't understand what you've bought into....
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The Block's Depreciation Schedules And You

So, “investors could claim an average of over $2.2 million in depreciation deductions for each apartment on Channel 9’s 2016 season of The Block,” according to new analysis reported by The Urban Developer. By far the biggest potential deprec...
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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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Asbestos Concerns? Call The Experts

Here’s an all too familiar story from the Newcastle Herald: A Glendale property is demolished after its owners found deadly loose-fill asbestos insulation. This type of asbestos was relatively popular in the1960s and 1970s. Science now tells ...
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The D-Word: Time To Talk Depreciation

Sad fact: Many Australian rental property owners are failing to correctly calculate depreciation. “I have often seen clients who have owned investment properties for five, six or seven years and have never claimed any form of depreciation becaus...
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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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Proposed New Tax To Help Home Owners Remove Asbestos

Did you know that 1 in 3 Australian homes contain asbestos? With home renovations on the rise, many Australian's are purchasing homes built before 1985 with the intention of doing small renos through to complete rebuilds. Unfortunately, many people a...
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