Victoria

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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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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The first signs that a home could have rotten or sinking stumps

If you are buying your dream home or investment property, it should be remembered that if the property is showing signs of stump damage, it is important to get a professional building consultant to have a look at your property.  A house may appear q...
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Beating the Dangerous World of Mould - Related Illnesses

Moving to a share house is an exciting adventure for young adults. At least, that’s the theory. So when healthy Tim Kirby started losing weight, developing insomnia, experiencing frequent headaches and battling fatigue, he was in search of answers....
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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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Who Needs a Building Inspection?

Building Inspections are generally ordered in the process of buying or selling a home. A building inspection may also be required if you discover that your home has developed a building defect over time or in response to an incident or accident. ...
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The Pitfalls Of Property Investment

The pitfalls of property investment are many. Andrew Heaton from Sourceable advances the argument that it’s important to get a quality survey. While a retail store is often happy to return a $10 item of clothing, it’s far more complex with rea...
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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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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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Asbestos - Not Just About Housing

FEATHERS were flying in Red Hill last week when neighbours discovered asbestos sheeting was being removed from a disused chicken shed near their properties. First reported in the Southern Peninsula News (6 November 2018) the story continues: Mo...
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