Sep 17, 2021
Learn Six Crazy Facts About Depreciation
- Plus the Top 5 areas of Australia attracting investor buyers
If you have trouble getting your head around the concept of depreciation of houses and apartments, you are not alone.
It’s puzzling for many investors that the value of their building is depreciating in value, at a time when property values are rising so strongly right across Australia.
Property values are up more than 20% this year, as an average across the nation, according to the latest data from CoreLogic.
But, in simple terms, it’s the land content that appreciates in value – while the structure and the fixtures and fittings depreciate in value over time.
This reality is important for property investors, because they can reduce the amount of tax they pay by many thousands of dollars per year by claiming depreciation.
A deprecation report by experts Washington Brown can dramatically improve the bottom line for property owners.
In this free webinar on Thursday 16 September, Washington Brown’s Tyron Hyde and Peter Foldes joined Hotspotting founder Terry Ryder to discuss the issues.
Foldes presented state-by-state statistics on where investors are buying, including the Top 5 LGAs for attracting investors, while Hyde discussed his new report “Six Crazy Facts About Depreciation”.