3D Virtual Tours, Marketing
Ming Osborne
Virtual Tours leave an impression on Property ...

3D Virtual Tours are fast becoming a staple of marketing a property. Aside from complimenting a new climate of ‘social distancing’, providing a contactless, interactive experience of a property over photos alone is the natural progression in a world where marketing has become so centered on having an impressive online presence.

A study by REA in April 2020 noted that 61% of viewers feel that properties with digital inspections make a listing feel more ‘premium’, and 62% felt more positively about the listing agent.

Virtual Tours leave an impression on Property Managers and Tenants
Ming Osborne
Virtual Display Villages

Asset Reports has been proud to work with home builders to bring their entire suite of display homes to life. Even amid the ease of restrictions, the Virtual Tours continue to be a valuable tool allowing viewers to get a sense of the size, scale and layout of the designs on offer in preparation for taking advantage of the new government incentives for building new properties.

Virtual Display Villages
Ming Osborne
Tax Depreciation in a Brand New Apartment

In the lead up to tax time, we wanted to shed some light on what exactly Depreciation is and how it can save investors thousands in tax deductions. We prepared this interactive model to show exactly what can be depreciated in an investment property.

As an investment property ages the value of the materials used to build it decrease in value, this loss in value can be claimed as a deduction at tax time. Blue labelled items come under Capital Works (Division 43), or construction of the property, which are depreciable over 40 years.

Tax Depreciation in a Brand New Apartment
Marketing, 3D Virtual Tours
Ming Osborne
Virtual tours help agents get buyers through ...

A high-resolution, 360-degree virtual tour could be one of the key ways agents look to show potential buyers a property, following the ban on public open homes and auctions from midnight, Wednesday March 25.

Camera services and agents have reported a spike in inquiries for virtual tours of property listings in the past week to fill the void left by government-mandated social distancing measures.

Asset Reports partner Tom Williams said high-quality, 360-degree views of listed properties were an invaluable tool for vendors and buyers alike.

“It’s helping [agents] get the listing and helping them engage the right buyer,” Mr Williams said.

“I’ve seen easily a 50 to 60 per cent increase in more business than the week prior. We’ve doubled our bookings.

Virtual tours help agents get buyers through properties as auctions, open homes banned
Events
Ming Osborne
Asset Reports & CoreLogic | 2020 Vision

On 24th October Asset Reports and CoreLogic hosted 2020 Vision - an informative evening that asked 'What will future Property Buyers think when they look back at this point in time as a buying opportunity?'

We heard from Damian Collins (Momentum Wealth) about the benefits of collaborating with buyers agents for properties in key areas, while Tim Lawless (CoreLogic) provided an insight into the Perth property market and a forecast of the economic and population growth for WA.

Asset Reports & CoreLogic | 2020 Vision

Tax Return

Investment property owners can recoup 2 years of missed deductions with a Depreciation Schedule

Investment property owners can recoup 2 years of missed deductions with a Depreciation Schedule

With the RBAs announcement of another interest rate rise, owners of investment properties will likely be feeling the squeeze with pressure on their cash flow.

Further interest rate hikes are expected throughout the year, so any way to supplement the return on an investment is essential right now.

The simplest and most effective way to offset increasing interest costs is to start claiming Depreciation - and owners can claim up to two prior years of depreciation on an investment property for an instant refund back from the ATO.

Changes to Tax Depreciation Laws

Changes to Tax Depreciation Laws

Today the Australian parliament passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017.

These changes mean that those who purchased second-hand residential properties after 7:30pm on the 9th of May, 2017 will not be able to claim tax depreciation on the existing Plant and Equipment – for example blinds, carpets, and air conditioning. This is to prevent ‘double-dipping’ by successive owners of the property claiming depreciation on the same pieces of Plant and Equipment. The new owner will still be able to claim depreciation on any new pieces of plant and equipment that they purchase themselves.

Budget Update

Budget Update

The proposed changes announced last week in the Federal Budget effecting Negative Gearing are designed to restrict the tax deductions available when an investor buys an established residential property. Anyone who buys an established property for investment purposes after 7.30pm on the 9th of May 2017 will no longer be able to claim depreciation on the Plant & Equipment – Division 40 (fixtures & fittings) that comes with the property, including in strata common areas. It is designed to prevent ‘double-dipping’ by all successive owners of the property claiming depreciation on the same pieces of plant & equipment.

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