Is A Quantity Surveyor Depreciation Report Tax Deductible?

Yes!

The answer is yes it is tax deductible.
As you are having a professional quantity surveyor calculate the asset or liability value of items associated with your investment property, this is something you can list as a cost in your end of year tax return.

This makes the cost of the depreciation report well worth it as it can sometimes be fully paid off in the first tax year via your tax saving because of the deductions you are claiming. Every year after that then becomes a potential increase in your cash flow through more tax deductibles.

Its essential to have all your deductibles listed so you are maximising the advantages if you have a negative geared property. There are tax benefits of negative gearing so you may as well use them

One Golden Tip To Refinance Your Mortgage

If your are thinking of or in the process of refinancing your mortgage, there is one thing really important that could help you out.

You have a good opportunity to combine any other debt or personal loans you may have into the same home or investment loan.
This could simplify your payments, reduce you outgoings with an overall lower interest rate and pay off personal loans improving your credit rating. 

If you have the equity and the cash flow(which is just the same as paying your other debt) combining your other loans into the same home loan is a fairly simple process during a home loan refinance. Home loans are have traditionally much lower interest rates than a personal loan so saving are very easy to calculate.

Contact your local mortgage specialist to find out more

Do You Need To Look At A Refinance?

If you ever think that your mortgage or home loan is not right for you -
Go out and check!

How do you do this you may ask?
Well you can always go to your bank manager or current mortgage broker and ask the question.
Explain that you wish to have a mortgage check and see if your still healthy and getting the best loan for your situation.

Its always worth checking as the products are forever changing while interest rates increase and decrease, the economy speeds up
and slows down and the competition introduces new mortgage products.

Just ask the question - You might be pleasantly surprised you could save money or free up more cash or equity.

Gold Coast Buyers Market sale On Now

Housing and property sales has slowed, and it been slowing for years.
If you were pondering buying there is choice aplenty with a steady rise in listings(apparently) and a certain decline in sales.
Auction clearance rates are dropping, listing times are increasing and the sentiment is decreasing.
If you have your funding organised, its a ripe time with a lot of properties to choose from with sellers becoming more frustrated with the lack of buyers apparent.

One thing that still remains very Important- Research

Do plenty of research and ensure you do not pay too much for something where there is plenty of other units or studio apartments to compare to. Mortgage brokers are having the opportunity to spend more time with each client due to this slow down and give an even better home loan service.

Either jump in or get some advice and take a look around......

Is A loan In Brisbane A Good Idea

Property In Brisbane is Still Mostly Stable
Buying property in Brisbane at the moment might seem like an unsure decision.
The Queensland economy is getting flogged and it has now become the worst state in terms of growth and economic figures
So why would you want to buy a property in the states capital of Brisbane?

We the city has held up fairly well over the last few years, much better than previous hotspots like the gold coast.
Demand for inner city homes is still medium to strong and the market has shown signs of growth over the last few years.

So would you be comfortable getting an investment mortgage or home loan right now?

Brisbane mortgage brokers have been helping local home owners and investors trying to secure loans over the last few years noticing
prices are tight and there is a select few groups willing to invest before the market recovers and prices start inflating again!

Find The Right Mortgage Broker

The task of finding a mortgage broker is never an easy one. It is something that requires a little research also, as a mortgage is a big investment so good advice is crucial.

Its worth mentioning to also be wary of banks advertising their own products. They really can only on-sell their loans which may or may not be the best homeloan for youe situation. This is where you can get unbiased advice from a mortgage broker who does not benefit from one single bank or lending institution, however they are payed on each independent loan. They therefore succeed on reputation for providing good accurate advise.

This is 100% to the benefit of some one needing a home or investment loan!!

Work Out How Much Your Repayment Are

Its Important To Calculate Your Mortgage Repayments

Knowing what your budget is and how much you can afford to borrow is really important. You have to know this when you apply
for a mortgage or home loan any way so you may as well work it out before hand. This way you can trim off any excess if needed to
give yourself more borrowing power for a bigger loan.

Don't be caught out at the last minute. Get well qualified mortgage broker to help you out with your application and they will most certainly help
you calculating your mortgage repayments and budgeting requirements.

Use An Experienced Mortgage Broker

Ever wondered About The Worth Of a Mortgage Broker

Here's a couple of points:

-They are unbiased and provide no-obligation advise

-Home loan experts like mortgage brokers services are free!

Mortgage brokers don't get payed by or work for one bank or lending institution. They get payed by which ever bank the client ends up using.
This makes their advise as unbiased as you can expect to get.
When your property your interested in presents you an opportunity , the first thing you need to sort is finance. This can be easy or hard depending on which way you go for obtaining home loan advise.

A bank representative can really only be expected to promote their own organisations products so their advise seems usually swayed this way- Naturally!

Do as much research as possible before you either, Use a mortgage broker or go it alone with a lending institution or bank by yourself

The Benefits Of a Mortgage Broker

Use  A Mortgage Broker To Save Hassles

A highly qualified mortgage broker will assist you in all the difficult and daunting aspects of the paperwork for the application.

You get quality advise on potentially hundreds of different loan products for your application.

You get unbiased advise as a mortgage broker does not work for one specific bank or lending institution. The loan product you get is the best one for your situation.

The broker can assist you with all the legal jargon when going through the application

You can really use a broker to leverage your time and make the use of their skills to get you the loan you need.
Make the right choice for your time and save hassles.

What Is A Quantity Surveyor?

Do You Know What a Quantity Surveyor Is?
Quantity surveyors are well qualified and heavily involved in the building and construction industry. They make calculated estimations on the value of depreciating items.
They use all this data to produce reports like valuations and depreciation schedules.
These type of reports are useful for project costings and tax deductions. There are many types of quantity surveyors and take upon many roles in the construction industry. They are crucial to a new project with estimations -very important when raising finance and applying for large corporate insurance.

The services of a surveyor are contracted out to property investors, construction companies, governments, insurance companies and housing projects.

Property Approvals Provide Less Opportunity

Building Approvals Are Still Falling

When the new dwelling sector slows( and slows even more) through less demand, there are less options on the market available to sellers.
This is because a lot of the buyers that would usually buy a new home are upgrading from a current dwelling. It is an eternal cycle dependent on owners
upgrading and the stock being "recycled".  With less buyers the demand for new property decreases and the builders have to either drop their prices or hold onto the land for longer and wait for the demand to increase. this is all a double whammy with interest rates usually increasing at this time also.

The real opportunity is for owners looking to upgrade. They can achieve this easier than in a boom time by not having to spend as much to upgrade.

Wheres Your Opportunity??

Is Your Property Loan In Your Comfort Zone

Make Sure Your LVR Is Not Too High

When you are preparing to apply to purchase a property, its worth thinking about future situations involving your cash flow.
How can you see yourself being able to make the repayments if you have a minor or major bill involved with the property.

Such issues like emergency repairs, tenant damage, accidental damage, and losing your own cash flow come to mind.

All of these worst case scenarios should be taken into account and measured against your lending situation.
The last thing needed is a mortgage collapse because of a lack of short term cash flow to fund loan repayments. If your loan to value ratio (LVR) is too high you have no room to move, the higher loan usually means higher loan repayments also.

Age old saying: Plan for the worst, and Expect the best

Have You Got A Valid Building Inspection

Make Sure Your Property Due Diligence Is Complete

When you start to look into a property for the purpose of purchasing it, its important to
have all the facts present before you sign on the dotted line.

One of the most important pieces of information you should have is the view of a registered builder
or a qualified building inspector. These tradesman are specialists in finding faults and investigating the overall
integrity of a building.

This is not to be taken lightly as some cosmetic faults can be fixed for few hundred dollars, while others can compromise
the foundations and overall safety of the structure. 
They check the property from top to bottom and sometimes take x-ray vision of walls and foundations to check for moisture
and corrosion. This is vital to a thorough inspection.

Having this important info before you purchase your next home to live in or investment property can be the difference between
heartache and bliss!

Pre-approval For Mortgages and Loans

Make Sure Your Mortgage Finance Is Organised Before You Purchase

Having pre-approval before you sign a purchase and sales contract on your next property
is very important so you know where you stand with finance. The lat thing you want is to have to
opt out using a finance clause and be embarrassed as you have nothing in place in way of a bank loan etc.

Get a fully qualified mortgage broker on board and make sure you have finance organised!
This way you can be confident when signing your next home or investment property contract

Mortgage Calculators For Small Apartments

Do You Need To Calculate Your Loan For A Studio Apartment?

You can use a few calculators, however you will most probably need to speak to a qualified
mortgage broker to get the right advice and an accurate mortgage lending quotation.

The mortgage rates are always changing so it best to factor this in at the time of quotation.

Having a qualified mortgage broker on your side sure makes it easier when choosing from dozens of loans
from lending institutions and banks!

Bank Loans For Studio Units

Next Time Your Need a Studio Unit Mortgage

Every situation is different so when you ask can i get a loan for my studio apartment I'm buying, it depends on may things.
Income, location of property, credit history, type of deposit held, lending history. Its never simple yes of no

So whats the answer you may ask?
Fill out your details and an experienced mortgage broker can get you an accurate quote or plan moving forward for the best loan for your situation.
Its got many variables so its worth taking the time to fill out a few once off questions to get a good idea of your potential loan.

Answer: You want the property so get the loan that suits you best. Make the effort and the rest will be taken care of.

Investment Mortgages Brisbane!

Settlement of Home Loans In Brisbane and Mortgage Insurance

When you start to access your next Brisbane home loan its worth
thinking about the loan amount in relation to the mortgage insurance.

If you are getting a loan with more than 80% of value of property you will more than likely going
to pay mortgage insurance. This home loan cost can amount to thousands on top of costs like stamp duty, solicitors costs and building
inspections.

When your Brisbane home loan costs are calculated it is really important to have everything included as there is
nothing worse than having a bill near settlement that you didn't expect!

Your chosen solicitor should be in constant communication with your experienced mortgage broker to ensure
your settlement is a breeze.

Apologies for spam email.

Sorry to everyone who got a spam email from my address.

Some really lovely Chinese somehow got into/used my account to send out emails! (don't click on the link, they are not your friend!)

I apologize for the spam and i will happily promise to hunt them down and wring their necks!

Matt

Make Sure You Have Property Insurance

How Important is Property Insurance?

Knowing you have building and landlords/contents insurance coupled with personal life and income insurance
gives you peace of mind against the unknown. Having your home or investment property protected ensures your family and income stream are safe and your life will not be adversely affected by misfortune.

When you get an insurance quote ensure to always use a qualified insurance broker with many different options for you.
Go away knowing you have been given god advice

Brisbane Apartment Loans Slowing

Small Apartment Loans Are Still Possible

With markets stalling and property prices not exactly storming ahead, apartment loans are not becoming
common place just yet.

Small apartments have always posed a problem with the small floor size.
50 square meters is still somewhat a magic number to get finance, however there are now lenders who
have a few options to get the loan over the line.

When you speak to your next Brisbane Mortgage Broker about your apartment loan ask them first off about
the floor size of the loan and how it affects the loan.

If you stike trouble its always easier to find an apartment with a bigger floor size.

How Much Does A Mortgage Broker Cost?

Mortgage Brokers Services Are Free

The whole idea of using a mortgage broker is to get unbiased advice on mortgage
products and options.

When you go to a bank they can only advise you on the products they have in house, even though there may be better options
on the market.
A qualified experienced mortgage broker has access to all decent rated products and loans so you are ahead by getting this type
of advice

Brisbane Mortgage Brokers for example have access to the biggest lenders products Australia wide. This is a great advantage to have.

When Refinancing Your Loan Goes Bad

Refinancing Your Loan Isn't Always Easy

When the property market is tracking sideways or not heading upwards much, getting a valuation for refinancing
has its difficulties. Your really just trying to convince the bank against sometimes common logic that your property has increased in value while it may not have. The easiest method and what a lot of people do is to add value to the property by renovations. This adds perceived value to the buyer and hopefully the valuer.

Don't worry about your low value though- time heals all

To get your next valuation done, contact your local Brisbane Mortgage Broker

When it does go bad though the only cure is time! Waiting for the property value to naturally increase with the market conditions.

Queensland Property Taking A Pounding

The Weather Lately Has Tested Queensland Property

If the floods were not enough a category 5 cyclone has just added itself in the mix to make sure
property values in south east Queensland are tested and stretched. Residents have taken a battering lately and
the renovations and fixing the damage with take priority.

Hope fully all the property insurance claim are successful and people can start rebuilding their lives.

In Brisbane there is plenty of property damage left over from the floods.

Mortgage Broker Brisbane

Increased Housing Demand

Recent Flood Crisis Increases Housing Demand

The Brisbane floods has put a small stress on Brisbane and surrounding housing demand.
Brisbane Residential mortgages will reflect this.

There is predicted to be a small shortage of rental properties as the hundred of families with destroyed
housing have to rent in nearby locations. The housing was not under any big stress to start with in Southeast Queensland with vacancy rates only at 10 year averages.

Having available investment properties to rent out is very fortunate for families left with nothing, can find accommodation with some ease hopefully.

Apartment Finance Is Hard For Small Areas

Getting Small Studio Apartment Finance Is Not Improving

Many have struggled when going through the purchasing process for studio apartments.
Some say to just go out and find a bigger unit (50 square meters or more) to save the hassles and
ensure you can get the finance from a respectable lender, at a decent rate.

Its more a choice of which investment is best based on its fundamental merits. Finance isnt the end of the world, although
getting a mortgage to fund the unit is still very important.
Make sure to contact your local mortgage broker to sort your situation