Andrea Williams
Leading WA Inspector Goes All-In with ...

Leading WA Inspector Goes All-In with Inspection Express

Asset Reports, one of Western Australia’s most trusted property inspection providers, has officially gone all-in with Inspection Express to deliver the next generation of inspection reporting.

For almost 20 years, Asset Reports has built a reputation for providing property managers and landlords with detailed, professional, and reliable reports across WA. Now, by partnering with Inspection Express, they are entering a new era that combines expert reporting with cutting-edge innovation.

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

Industry Opposes Negative Gearing Change

Industry Opposes Negative Gearing Change

Housing industry lobby groups are increasing the pressure on Bill Shorten to shelve Labor’s plans to restrict negative gearing to new homes and halve capital gains tax incentives, saying the moves will reduce investment in housing and decrease the number of homes being built.

Master Builders Association, the nation’s peak residential construction lobby group, launched a media campaign in Perth last week as the nation prepares to head to the polls, identifying 10 key issues for the sector, while highlighting that Labor’s proposals around negative gearing and capital gains taxes would hurt, rather than help, the industry.

Success and Leadership Breakfast with Hon Julie Bishop MP

Success and Leadership Breakfast with Hon Julie Bishop MP

On Friday 12th October we were delighted to attend the Success and Leadership Breakfast with Julie Bishop. This was such an invaluable experience, gaining insight from an experienced and reputable leader.

We would like to thank our friends at Realmark who attended the breakfast with Andrea Williams, director of Asset Reports.

Tax Depreciation - Doesn't my accountant look after that?

Tax Depreciation - Doesn't my accountant look after that?

It’s a common misconception that Accountants provide Tax Depreciation Schedules for Investment Property owners. Unfortunately this is not true, they may help arrange for a Schedule to be done, but they cannot do it themselves.

Tax Depreciation firms (Quantity Surveyors) work very closely with Accountants and other financial professionals to help investors make the most of the tax benefits associated with owning investment properties. However, Accountants cannot legally produce the Schedule required by the Australian Taxation Office, in particular the construction costs (otherwise known as Div.43 Capital Works).

Perth house rents on the rise in positive sign for local market

Perth house rents on the rise in positive sign for local market

Signs of green shoots are emerging in Perth’s rental market, with median weekly house rents recording quarterly growth for the first time in almost five years.

The Domain Group’s quarterly Rental Report, released on Thursday, revealed weekly house rents grew 1.4 per cent to $355 during the March quarter.

“Following a prolonged period of price declines and a rise in listings, the rental market in Perth is showing signs of stability,” Domain Group data scientist Nicola Powell said.

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.

WIRE – Women In Real Estate Conference

WIRE – Women In Real Estate Conference

Asset Reports is a proud partner of REINSW for this year's Women In Real Estate Conference. 2017 marks WIRE's eleventh year, and once again it is set to host an amazing list of encouraging speakers that are leaders in the property industry.

This year's conference will be supporting the McGrath Foundation, which aims to make life easier for individuals and families effected by breast cancer.

This will be a great opportunity to network with peers in the industry, and get inspired to grow your business!

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A gentle reminder that all of our PCRS are now available on Reports Online, if you have any new Property Managers starting please let us know so we can train them on how to fully utilise the system. #reportsonline #propertymanagers #wa #pm #realesta
With Christmas fast approaching, we ask all clients to send their December and January inspection lists as soon as possible in order for us to book all the Christmas properties in prior to the holidays starting. Please note our routine inspections ou
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