Victoria

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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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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House Inspections Take Time

Okay, random question: How long would you spend inspecting a house before buying it? In Australia, more than half of homeowners (58%) spend less than an hour inspecting before the big buy, according to research put out by ME bank. Thus, it’s not...
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Blocked Guttering- One of the most Common Pre-Purchase Defects

Blocked gutters are one of the main defects found during a pre purchase inspection and is also one of the easiest to fix and prevent. Doing something as simple as keeping your gutters clean can save you thousands of dollars in maintenance costs in th...
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What does Domestic Building Insurance means to Builder or an Owner Builder in Victoria.

Whether you are a homeowner who is using a Builder or an Owner Builder, it is mandatory to get a domestic building insurance. If you undertake domestic building work worth more than $16,000, then you need domestic building insurance. Furthermore,...
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Tax Depreciation Schedules

Did you know Jim’s Building Inspections have now started providing Tax Depreciation Schedules for Property Investors around the country?  Why? Our Inspectors are in thousands of homes and apartments everyday conducting Pre-Purchase Building Ins...
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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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Meth testing - the new norm for prudent home buyers

The New Norm? Including Meth checks in Pre-Purchase Building Inspections For home buyers there is nothing unusual about organising a Pre-Purchase Building Inspection on a potential property purchase. For smart buyers, a Pre-Purchase Building Inspe...
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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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The Case For More Home Inspections

Building surveyors are calling on Victoria’s state government to mandate balcony inspections. This follows the tragic balcony collapse in Doncaster East in late 2017. Sadly, two people died and many others were injured, according to The Age. In ...
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