Recent content by letitbe

I sent you a PM. Thanks.

I'm trying to offload my asset in Melbourne. It's titled Dec last year, ready to build. Size 530sqm Price from 255K Please PM me (for picture, negotiation, address) if you are interested. Thanks for looking.

I saw this kind of number in the rates. Will it change after there is a house on the land or stay the same? The land is in Melbourne (that I'm trying to offload).

I heard stories about tenants remove the battery or break smoke alarm so that it will not go off when they are cooking or smoking (is there a law to ban them smoking inside house?). With DIY checking and in case there is a fire, will insurance company pay out the money?

Thanks again Syba, it is not clear to me, I might misunderstood his words. Yes, the report is for 20 years. Is the report easy to understand, does it show how much total depreciation for second year (in my case) and the following years?

Thanks for the tips, Syba. Just talked to the guy at depreciator, he told me they will pro rata the depreciation into 20 years time. Is it a correct way? I try to explain that some items depreciate faster than the others but he seems doesn't understand.

Thanks Ricky. It's good to know about it. Btw, it's compulsory to hired licensed company to check smoke alarm every year (or before the tenancy starts)?

could you please elaborate more about sworn valuation?

Thanks for the input. But what I have in mind is I'm planning to back living in that house. At this stage, I don't have plan to make it an IP forever, might sell it when the time is right.

Got a call from depreciator friday last week. A bit surprise that the survey only last for 30 - 45 mins. The guy gave me the cost on the phone (more than $550) and ask me to pay deposit.... Hmm I know it is for 20 years but can I go with the shorter time frame and pay lower fee?

Thanks again Jones and Evan, but How to estimate the depreciation? I don't have depreciation schedule for my property yet. G

Thanks Jones, that really helpful. But I don't understand why "depreciation" go under expenses? I thought depreciation will increase the tax deduction.

Thanks for the tips. About LL insurance. Does it worth to claim less than the excess amount? I can't think of anything that I can remove , it is unfurnished property :confused: well, I'm about to move to bigger place. Thanks travelbug. How much does the surveyor cost roughly? Still don't...

Yes, actually I would like to keep it. If I pull out now, I don't think I'm able to buy similar property again with the same price. That's right, council, water, interest etc. The IP is near new house. Will claiming depreciation increase my tax return? I can't claim the building cost...

Just call another agent, and they told me between 7 - 9%, it's insane! Thanks for the advice. I'm worried with "small" maintenance like that. Will the PM charge ridiculous amount? About "Tax Depreciation Schedule" do I need the surveyor to estimate the depreciation every year or just...