Hi, I am about to move in with my partner and we have both amassed a full house of furniture in our time. My simply idea now is too move my furniture into my investment property as:
I was interested in any thoughts about how/if I could depreciate these items? I understand that i would need to engage a surveyor, I guess I'm just after a thought about if it is even 'doable'?
The increased rental will likley push the apartment into positive gearing.
Any 'shout outs' for my idea? Positive or Negative, most welcome... The apartment is in a good location in St Kilda East, Victoria... Any idea what i could charge when i currently get $295 pw unfurnished?
Thanks! Pgp
- The timing is right - the current tenant has just given notice to vacate and i could re-lease the property furnished.
- The furniture is in excellent condition, and of good quality but i don't think i would get much for it if i tried to sell it second hand.
I was interested in any thoughts about how/if I could depreciate these items? I understand that i would need to engage a surveyor, I guess I'm just after a thought about if it is even 'doable'?
The increased rental will likley push the apartment into positive gearing.
Any 'shout outs' for my idea? Positive or Negative, most welcome... The apartment is in a good location in St Kilda East, Victoria... Any idea what i could charge when i currently get $295 pw unfurnished?
Thanks! Pgp