Victoria

What's Depreciation?

New to the property investment game and struggling with the lingo? You’re not alone. Below is one definition posted by news.com.au to build your real-estate knowledge. What’s depreciation? > Depreciation Often investors can claim a po...
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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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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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Is Your Smoke Alarm Up To Scratch

Fires can spread rapidly (in less than five minutes) through your house, according to findings from a Fire & Rescue NSW report. Interesting also is that homeowners are encouraged to look at how many fire alarms in their house to cover all potenti...
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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 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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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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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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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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Concrete stumps are not immune to decay under extreme conditions.

Many elevated properties sit on some type of stump support whether it be timber , steel , masonry or concrete . Whist most people would consider concrete stumps to be maintenance free , this is far from the truth . Recently one of our Building Inspe...
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