Oliver Myers Real Estate
Call Us: 02 4322 5600
Address: Suite 301, Level 3, Imperial Shopping Centre
171 Mann Street, Gosford, NSW 2250
Financial Benefits from Buying New Homes #1 - Depreciation

Financial Benefits from Buying New Homes #1 - Depreciation

  • 18 Sep 2017

Welcome to the first in a series of 3 articles about the financial benefits of buying new homes off the plan.

 

Depreciation

Budget 2017 made some major changes for real estate investors, and there are still some people confused about what this means.

 

The changes remove a subsequent owner's ability to claim a depreciation deduction for plant and equipment (these are the ones that are easily removable or mechanical fixtures and fittings). The changes won't affect your ability to claim the capital works component (which includes the wear and tear of the building structure and fixed items).

 

The way to ensure you can claim for both plant & equipment AND capital works components of depreciation is to buy a new home as your investment property.

 

If you want more information from professionals in depreciation, please visit BMT Quantity Surveyors and read their article on the budget changes to depreciation: bmtqs.com.au/budget-2017

 

To talk to us about buying a quality new home off-the-plan in a growth area that will give you growth, rental income, and tax benefits via depreciation, call us on (02) 4322 5600 or email [email protected]

 

Proven Trusted Authority

Tony has most definitely proved himself to be the trusted authority when it comes to wealth through property investment! With his professional approach, Tony has assuredly created an opportunity that may not have otherwise been possible for me. His personal ethics shine through and I cannot thank him and his team enough for their 5 star service, and willingness to go the extra mile in customer satisfaction. Thank you Tony, for your wealth of knowledge and expertise in helping build a successful property portfolio for my retirement!!

- Engelina B
Terrigal

Tony took his time to meet my requirements

When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.

- Mac
Maroubra

Nothing but wonderful!

My venture into my first home on the coast was made easy by the support from Tony and his team. They were nothing but wonderful!

- Katherine
Hamlyn Terrace

Willing to go the extra mile

Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.

- Roger Smith
Tea Gardens