The Politics Of Smoke Alarms
From 1993 to 2015, CSIRO conducted tests on smoke alarms but the public is yet to read the findings. This comes at a time when activists want ionised smoke alarms banned due to alleged issues with response times to common fires. In America, the alarm...
Read moreDepreciation - 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...
Read moreA Good Building Inspection Is Better Than An Expensive Cure
Put yourself in Hao’s shoes. He buys his dream home only to discover a buyer’s worst nightmare: most of his buildings are illegal.
As the Whittlesea Council says: His bungalow was constructed without a permit. And to add insult to financial in...
Read moreAsbestos Dumpers Beware
There’s a right way and a wrong way to do a job and this is especially true for asbestos. As the APP reports:
People and businesses that illegally transport or dump asbestos in NSW will face on-the-spot fines of up to $15,000 under tough new pen...
Read moreThe 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...
Read moreWhat 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,...
Read moreNew homes & Termite zones
An increasing number of councils across Australia are seeing the value in designating residential zones as termite prone areas in an effort to help local communities avoid costly repairs and horror surprises in the future.
Victoria is the only Aus...
Read moreWHAT’S THE MOST COMMON BUILDING INSPECTIONS SIGNIFICANT DEFECT?
Over the past two years, the most common Significant defect found, is the damp shower. Modern showers are aesthetically pleasing and appear to be installed to the highest standard. However, countless showers have been found this year to have damp cor...
Read moreThe Science Of Inspections
There’s a science to property inspections. Seriously. Because while your average inspector can and does spot problems, a trained inspector can find problems behind problems and other easy-to-miss issues.
What’s more, he or she is less likely t...
Read moreThe 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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