Being the end of another financial year, we thought it was timely to discuss one way property investors can maximise their tax benefits through property investing. Our Guest, Mike Mortlock, is Managing Director of MCG Quantity Surveyors and together we highlight what is depreciation, why it needs to be considered and what benefits are available to property investors through depreciation when they complete their annual tax return.
Mike shares some valuable guidance on the types of renovation work that delivers maximum depreciation benefits - especially in Queenslander style properties that are so typical in Brisbane.
We also cover why investors should NOT select their investment solely based on maximising their depreciation benefits, providing real data examples of Brisbane property performance for those dwellings that would have delivered strong depreciation benefits over the last 10 years (compared with the capital growth performance of those properties).
If you want to learn more about depreciation and how it can be used strategically when investing in property to maximise your returns, then this is the episode for you!
Learn more about your hosts, Scott & Melinda Jennison, at www.streamlineproperty.com.au
You can also get in contact with Mike Mortlock or his team at https://www.mcgqs.com.au/