Deppro in Mount Gravatt, Queensland, Australia | Surveyor

Deppro

Locality: Mount Gravatt, Queensland, Australia

Phone: +61 1300 888 489

Address: 3/1933 Logan Rd 4122 Mount Gravatt, QLD, Australia

Website: http://www.deppro.com.au/

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25.01.2022 DEVASTATING BUSH FIRES HIGHLIGHT NEED FOR PROPERTY ONWERS TO UNDERTAKE A FINANCIAL CHECK UP The devastating bush fires that have occurred earlier this year highlight the urgent need for property owners throughout Australia to undertake a financial check-up. These bush fires have caused millions of dollars in damage to properties but un-fortunately a large number of the affected property owners were either underin-sured or in some cases had no property insurance....Continue reading

24.01.2022 BOOSTING YOUR CASH-FLOW DURING THE ‘CORONAVIRUS’ ECONOMIC DOWNTURN. WE CAN EVEN INCLUDE ITEMS LIKE A CUBBY HOUSE IN YOUR TAX DEPRECIATION REPORT. The general consensus amongst leading economic commentators is that the Coronavirus will lead to a major economic slump both in Australia and internationally over the remainder of 2020. For example, Westpac's chief economist Bill Evans, dubbed the rate whisperer for his consistently accurate forecasts on the RBA's cash rate calls, h...Continue reading

24.01.2022 OVER 40 PER CENT OF ALL NEW DWELLINGS BEING BUILT IN AUSTRALIA ARE NOW HIGHER DENSITY By Paul Bennion, Managing Director, DEPPRO One of the most significant trends in the Australian property market is the movement towards higher density living. This is highlighted by the latest government figures that reveal over 40 per cent all residential building approvals in Australia are now for higher density dwellings such as apartments, townhouses, villas and duplex housing. Rent fi...Continue reading

23.01.2022 SIMPLE TAX DEDUCTIONS TAXPAYERS THAT CAN BOOST CASH FLOW Many tax payers will be seeking to boost their cash flow due to the dire economic consequences of the coronavirus pandemic. Federal Treasurer Josh Frydenberg confirmed Australia is now in a recession, ending 29 years of uninterrupted economic growth....Continue reading

19.01.2022 ATO ISSUES WARNING ON PROPERTY INVESTMENT RENTAL EXPENSES The 14 million Australians who are expected to soon lodge their 2019/2020 tax return have been warned by the Australian Tax Office (ATO) they will closely monitor tax returns involving unsubstantiated work related expenses and rental deductions. This warning related to rental properties will have a major impact on a large number of Australians lodging their tax returns due to the high number of people who own investme...nt properties. The ATO estimates that a total of 2,097,392 Australians own 1 or more investment properties which means that 8.7% of the Australian population can classify themselves as property investors, Penalties imposed by the ATO can be financially very severe so it important that property investors minimise the risk of errors when lodging their tax returns. Previous audits of rental expenses by the ATO have found the following common errors made by taxpayers lodging their tax return: Claiming rental deductions for properties not genuinely available for rent. Incorrectly claiming deductions for properties only available for rent part of the year such as a holiday home, Property investors should use the services of a professional tax accountant to help minimize mistakes when lodging their tax claim as the penalties for wrongly claiming tax deductions can be very high. They should also use other professional services such as engaging the services of quantity surveyor company that is compliant with ATO guidelines. This report is a ‘once off’ and will outline the amount of tax benefits you can claim on an annual basis. Anyone considering employing a tax depreciation company should ensure that they are a member of the Australian Institute of Quantity Surveyors (AIQS). DEPPRO is a long standing member of AIQS. Obtaining a tax depreciation report that is compliant with ATO guidelines is a small price to be paid that will give investors peace of mind while at the same time deliver a significant cash flow boost that can be as much as 60% of the purchase price of the investment property.

19.01.2022 TOP 10 ITEMS PROPERTY INVESTORS OVERLOOK WHEN CLAIMING DEPRECIATION TAX BENEFITS Many Australian property investors may not know that a tax depreciation report undertaken by a professional tax depreciation company following an onsite inspection of their can identify hundreds of items in an investment property for which you can claim legitimate depreciation benefits. As a result, the owners of investment properties throughout Australia can significantly boost their cash flow b...Continue reading

17.01.2022 LANDLORDS CASH FLOW BEING HIT HARD BY RISING VACANCY RATES CAUSED BY CORONAVIRUS PANDEMIC The Coronavirus pandemic is having a devastating impact on the rental market especially in CBD areas and popular tourist destinations. Landlords are now slashing rents by hundreds of dollars a week and some are even temporarily cutting asking prices in half to secure a tenant as rental demand plummets amid the coronavirus pandemic. This is because a massive reduction in overseas migrants...Continue reading

17.01.2022 The ability for investors to access mortgage rates that are lower than the yield they receive from their investment property means that we are seeing the best investment conditions in over 10 years http://ow.ly/zabf50ybrqR

16.01.2022 Find out what you can claim when renovating! http://ow.ly/mFYw50xZuPH

15.01.2022 THE HOT SUMMER OF 2020 WHY INVESTORS NEED TO BE WARY WHEN BUYING A PROPERTY WITH A SWIMMING POOL Many areas of Australia are now experiencing a very hot summer as we head towards the end of 2020. In that respect, buying a property with a swimming pool may seem an attractive lifestyle option for property buyers as a feature that might appeal to tenants. ...Continue reading

13.01.2022 10 TIPS FOR BUYING OFF THE PLAN DURING 2020 Buying apartments off the plan has become very popular with property investors throughout Australia over recent years. For a relatively small deposit, they can secure an apartment and then look forward to future capital growth as the apartment development is constructed. ...Continue reading

12.01.2022 Check out our new pricing for Metro areas and order your report today! Please call Pamela on 07 3420 5755 if you need assistance.

11.01.2022 YOU DON’T HAVE TO BUY EXPENSIVE PROPERTIES TO BECOME RICH THROUGH INVESTING IN REAL ESTATE It may surprise many first time investors that purchasing well located lower priced properties can deliver higher rates of capital growth than properties located in much more expensive areas....Continue reading

06.01.2022 Click the link t order a Depreciation Report Today! https://deppro.com.au/zone-pricing-product-selection/

05.01.2022 WHY ROOKIE PROPERTY INVESTORS ARE NOW TARGETING ONE BEDROOM APARTMENTS ATO figures show that there are just over 2 million property investors in Australia. However, very few of these investors own more than two investment properties as the ATO figures show that for every 100 people: 16 own an investment property...Continue reading

04.01.2022 HOW AIQS PROTECTS PROPERTY INVESTORS WHEN USING A TAX DEPRECIATION COMPANY Over the coming months thousands of property investors throughout Australia will be buying investment properties as we enter the start a new financial year. As part of this process, these investors will engage the services of a tax depreciation specialist to maximise the amount of money they can claim on their investment property for tax purposes. ... Selecting a tax depreciation specialist is an important decision and property investors to be very careful when selecting a company to complete this report. Buying a property is one of the most significant financial commitments anyone is likely to make and one of the best ways to ensure that you enjoy a smooth property transaction is to always engage the services of companies who belong to highly respected industry organisations whether it is a real estate office, settlement agency or pest inspection company. If something goes wrong, then the consumer has added protection because companies that belong to a professional organisation have generally higher accountability standards than businesses that operate independently of any professional organisation. This principle of using the services of a company that belongs to a professional organisation also applies to the tax depreciation which is a critical service for property investors. To protect their interests and ensure that they select a company that is fully compliant with ATO rulings, property investors should select a company that is a member of The Australian Institute of Quantity Surveyors (AIQS). AIQS is the professional standards body for quantity surveyors throughout Australia and enjoys a close working relationship with the ATO. Over recent years AIQS has worked with the ATO on the review and revision of the requirements for investment/rental property depreciation reporting. DEPPRO is an Associate Member of AIQS and uses systems that are fully compliant with ATO rulings. Property investors should understand that tax depreciation is complicated like other areas of finance or tax and so it is essential that property investors get the right advice. Unfortunately, there are many businesses in the industry that did not have the qualifications and experience to ensure property investors received quality information. For depreciation professionals, having the appropriate training and qualifications and being a member of organisations such as the AIQS is critical in ensuring you can provide the best advice for your clients. Without it, it is impossible to keep up-to-date with legislative requirements. Companies whose representatives are not members of AIQS are also not bound by any Code of Professional Conduct. Property investors should be weary of companies who are not members of AIQS and who employ salesmen or women touting catch phrases and a more dubious approach to providing advice in relation to tax depreciation entitlements.

04.01.2022 FOUR MILLION REASONS WHY PROPERTY BUYERS NEED TO FOCUS ON SCHOOLS Schools are an important driver in property values that should be seriously considered by investors when buying building a property portfolio. This is because DEPPRO has undertaken thousands of tax depreciation reports for investor clients over the years who have bought into suburbs because their new investment properties were located close to schools.... These individual investors who have used our services, have not just bought one property close to schools but several over an extended time frame as it has proven to be a wise investment strategy. The significance that schools can play in the property market is underlined by the latest ABS figures on Australian schools which show that the number of enrolled students topped nearly 4 million during 2019. Overall there were 3,948,811 students enrolled in schools across Australia, an increase of 54,977 (1.4%) since 2018. The connection between good schools and rising property values has been a proven fact over many years. For example, research by the University of Melbourne has revealed a top public school can add 3.7% to the value of a property in their local catchment area. And research by Property Club also shows that tenants with children are keen to live in catchment areas with good public schools. Their research shows that homes in these areas can command an additional 10% weekly rent compared to surrounding suburbs outside the catchment area. For investors, buying close to a school can therefore have a positive impact both on rental returns and future capital growth. For renters with families, schools are a key issue as they want to have easy access to their important community asset. At the same time, schools which have a high educational reputation underpin local property values as families want to give their client access to the best education possible. Schools are just one piece in the infrastructure jigsaw that investors should consider then buying an investment property. Other key infrastructure that may have a positive impact on future rental and capital growth rates include new shopping and medical facilities as well as public transport investment like light rail. Focusing on fundamental drivers of property values such as new infrastructure is even more critical in the Australia property market today with property prices and rents now under a downward pressure in many capital cities due the impact of the Coronavirus. As market conditions become more challenging, properties that are in most demand due to their location close to infrastructure will outperform the overall market both in terms of rental and capital growth.

03.01.2022 Proud to once again sponsor the South Sydney Rabbitohs! Don't our Deppro footballs look great?!

02.01.2022 BABY BOOMERS WILL SHAPE THE PROPERTY MARKET OVER THE NEXT DECADE By Paul Bennion, Managing Director, DEPPRO One of the most social trends over the past century has been the growing life expectancy of Australians. ...Continue reading