Tax Depreciation Schedules Australia for Property Depreciation Schedule.Ppt 8
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February 2013 CairnsWatch HERRON TODD WHITE CAIRNS P: 07 4057 0200 F: 07 4051 3946 E: [email protected]
Transcript of CairnsWatch · HTW Cairns does … Tax Depreciation Schedules Do you have an up-to-date tax...
February 2013 CairnsWatch
HERRON TODD WHITE CAIRNS P: 07 4057 0200 F: 07 4051 3946 E: [email protected]
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Overview February 2013 Cairns is continuing on a recovery track as business and economic activity continue to build. All is not yet rosy in the economy, but the progress to date has been significant. If you have received this bulletin from someone else and want to be on our CairnsWatch mailing list please sign up here – it’s free!
At A Glance Trend Employment: ▲ 7.4% (Jan 2012 to Jan 2013) Airport Passenger Trend: ▲ 6.9% (Jan 2012 to Jan 2013) Building Approvals Trend: ▲ 21% (Dec 2011 to Dec 2012) Trend Unemployment: ▼ to 8.1% (January 2013)
Rick Carr Research Director Herron Todd White Cairns Phone: 07 4057 0200 Fax: 07 4051 3946 Email: [email protected]
The Fine Print: Information in this publication is based on an analysis of data from a number of sources, subjected to technical procedures of seasonal adjustment and trend analysis. Seasonal adjustment is a means of removing the effects of normal seasonal variation from the data, so that comparisons can be made of data against their established seasonal patterns. Trend analysis smooths the seasonally adjusted estimates to provide a clearer picture of the underlying behaviour of the series over time. The trend estimates are derived by applying a 13-term Henderson-weighted moving average to the seasonally adjusted data. It applies the same procedures used by the Australian Bureau of Statistics in producing trends for national aggregates. No responsibility is accepted to any third party that may use or rely on the whole or any part of the content of this publication. Neither the whole nor any part of this publication or any reference thereto may be included in any published or photocopied documents, circular or statement, nor transmitted or published in part or full in any way, including electronically, without written approval of the form and context in which it may appear. Liability limited by a scheme approved under Professional Standards Legislation. The scheme does not apply within Tasmania © HTW Copyright 2013
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Employment People Employed in FNQ
The published employment figure for the Far North (Cardwell to the Torres Strait) reduced to 137,600 persons employed as at January 2013. However this appears to be a statistical wobble and not the start of a new trend. The trend employment total for the Far North still stood at record high of 142,700 in January 2013, a 7.4% rise since January 2012.
FNQ Unemployment Trends
Despite the published figures showing a loss in employment, the region’s published unemployment rate also reduced in January 2013, to 7.2%, as some people withdrew from seeking work. The region’s unemployment trend is now firmly in decline, and has reduced to 8.1%, its lowest rate since December 2008. N.B. To be counted as ‘unemployed’ in the ABS Labour Force survey you need to not have a job and be actively seeking work. People who do not have a job and are not actively seeking work are not counted as unemployed, they are regarded as ‘not in the labour force’.
Source: Derived from ABS Labour Force Survey data
Jan-03Jul-03
Jan-04Jul-04
Jan-05Jul-05
Jan-06Jul-06
Jan-07Jul-07
Jan-08Jul-08
Jan-09Jul-09
Jan-10Jul-10
Jan-11Jul-11
Jan-12Jul-12
Jan-13100,000
110,000
120,000
130,000
140,000
150,000
Number of Persons Employed
Published Trend
Source: Derived from ABS Labour Force Survey data
Jan-03Jul-03
Jan-04Jul-04
Jan-05Jul-05
Jan-06Jul-06
Jan-07Jul-07
Jan-08Jul-08
Jan-09Jul-09
Jan-10Jul-10
Jan-11Jul-11
Jan-12Jul-12
Jan-132%
4%
6%
8%
10%
12%
14%
Unemployment Rate (Actual and Trend Basis)
Far NorthQueensland
All Queensland
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Employment Special Topic Comparative Unemployment Rates
Unemployment has reduced over the last twelve months in the three key tourism regions of the Far North and the Gold and Sunshine Coasts, has increased in Brisbane, Wide Bay and the coal/gas regions of Central Queensland and the Darling Downs, and reduced in the mineral oriented North Queensland region. Nothing could be more demonstrative of Queensland’s presently multi-speed economy.
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HTW Cairns does… Property Valuations Herron Todd White Cairns has a wealth of experience in providing valuation services across the tourism, commercial, industrial, rural and residential property sectors. From residential units and townhouses to specialist valuations, acquisitions and resumption, Herron Todd White Cairns’ team of specialist staff provides valuations across all property types.
Source: Derived from ABS Labour Force Survey data
BrisbaneGold Coast
Sunshine CoastWide Bay
Darling DownsCentral Qld
North QldFar North Qld
All QldNthn Territory
4.8%
6.1%
6.9%6.6%
4.4% 4.4%
6.0%
8.5%
5.5%
4.1%
5.6% 5.6% 5.6%
9.7%
5.3%5.0%
4.1%
8.1%
5.8%
3.8%
Unemployment Rate (Trend Basis)
Jan 2012 Jan 2013
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Employment Job Ads in The Cairns Post
The number of jobs being advertised in The Cairns Post continues to lose ground, having reduced in trend terms by 38% between January 2012 and January 2013.
Source: HTW Analysis of the Cairns Post
Jan-03Jul-03
Jan-04Jul-04
Jan-05Jul-05
Jan-06Jul-06
Jan-07Jul-07
Jan-08Jul-08
Jan-09Jul-09
Jan-10Jul-10
Jan-11Jul-11
Jan-12Jul-12
Jan-13
0
100
200
300
400
500
600
700
800
Number (Average per Week)
Actual Trend
HTW Cairns does… Tax Depreciation Schedules Do you have an up-to-date tax depreciation schedule? You could be missing out on thousands of dollars each year in allowable depreciation for your investment property. Depreciation is an important part of maximizing your investment returns from an income generating property. Contact us on 4057 0200 for an obligation-free quote.
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Tourism Airport Passenger Numbers
The passenger volume trend at the domestic terminal continues to achieve record highs, and has shown growth of 7.9% between January 2012 and January 2013. Passenger trends at the international terminal are also slowly rising, with a 1.6% increase evident from January 2012 to January 2013. Passenger numbers overall have increased by 6.9% in trend terms between January 2012 and January 2013.
Source: Derived from Cairns Airport data
Jan-03Jul-03
Jan-04Jul-04
Jan-05Jul-05
Jan-06Jul-06
Jan-07Jul-07
Jan-08Jul-08
Jan-09Jul-09
Jan-10Jul-10
Jan-11Jul-11
Jan-12Jul-12
Jan-1330,000
50,000
85,000
140,000
225,000
350,000
Monthly Passenger Arrivals + Departures (excl Transits)
Domestic Terminal
International TerminalHTW does… Townsville Market Information Herron Todd White produces a quarterly publication of Townsville Market Information entitled Townsville in Focus. Like CairnsWatch, it is free of charge. For further enquiries or to subscribe, contact [email protected] or call (07) 4724 2000.
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Property Median Property Prices
Property sale volumes have been tending to increase over the last two years but the price trends are varied. The December 2012 Cairns median house price trend came in at $354,000, which represents a mild increase of 1.7% since December 2011. However the median established unit price trend reduced to $170,000 in December 2012, which is 6.7% lower than it was in December 2011. N.B. The median property price is the actual sale price of the middle-priced property from the list of properties sold each month. Movements in median prices do not necessarily equate to movements in individual property values.
* All sales are classified to date of contract (not date of settlement)** Recent months are provisional and subject to revisionSource: HTW Analysis of RPData
Dec-02Jun-03
Dec-03Jun-04
Dec-04Jun-05
Dec-05Jun-06
Dec-06Jun-07
Dec-07Jun-08
Dec-08Jun-09
Dec-09Jun-10
Dec-10Jun-11
Dec-11Jun-12
Dec-12$50,000
$70,000
$100,000
$140,000
$200,000
$300,000
$450,000
Median Sale Price (Log Scale)
Houses
Vacant Land
New Units
EstablishedUnits
HTW Cairns does… Tax Depreciation Schedules Do you have an up-to-date tax depreciation schedule? You could be missing out on thousands of dollars each year in allowable depreciation for your investment property. Depreciation is an important part of maximizing your investment returns from an income generating property. Contact us on 4057 0200 for an obligation-free quote.
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
Property Rental Vacancy Rates
Rental housing is maintaining critically tight supply as a result of on-going demand and the absence of new supply. The trend vacancy rate for houses stood at 1.5% during January 2013, while units displayed a trend vacancy rate of 1.9%. The overall market vacancy rate stood at 1.7%.
Building Approvals
Building approval numbers have rebounded significantly over the last six months, with the December 2012 trend up 21% compared to December 2011, and the number of houses approved during 2012 as a whole up 36% compared to 2011. Though the overall trend in approvals is recovering, unit construction approvals remain dead-in-the-water.
'Balanced Market' Range
Source: HTW Rentroll Survey
Jan-03Jul-03
Jan-04Jul-04
Jan-05Jul-05
Jan-06Jul-06
Jan-07Jul-07
Jan-08Jul-08
Jan-09Jul-09
Jan-10Jul-10
Jan-11Jul-11
Jan-12Jul-12
Jan-130%
2%
4%
6%
8%
Houses Units Total
Source: Derived from ABS data
Dec-08Mar-09
Jun-09Sep-09
Dec-09Mar-10
Jun-10Sep-10
Dec-10Mar-11
Jun-11Sep-11
Dec-11Mar-12
Jun-12Sep-12
Dec-12
0
20
40
60
80
100
120
140
Number of New Dwellings Approved in Cairns Urban Area
Houses Units Total (Trend)
| HERRON TODD WHITE Research CONTACT US P 07 4057 0200 | F 07 4051 3946 | E [email protected] CAIRNSWATCH February 2013
The National Property Clock January 2013
Herron Todd White’s National Property Clock is prepared each month based on the local market perceptions of its Australia-wide network of offices. Even though property sales activity is increasing in Cairns it remains an overall buyers market and its position is yet to change from the bottom of the cycle.
Residential Property Ratings Compiled by Herron Todd White, January 2013
Alice Springs BrisbaneBundaberg GriffithLatrobe Valley Mackay Melbourne Newcastle Rockhampton
Bathurst DarwinEchuca DubboMudgee PerthWhitsunday
Adelaide Adelaide Hills Albury Barossa ValleyBurnie-Devonport Cairns Coffs Harbour Gippsland Hervey Bay Hobart Ipswich Launceston Mildura Mount Gambier NSW Central Coast SA Iron Triangle SA Riverland South West WA Sunshine Coast Sydney Toowoomba Townsville Tweed Coast Wodonga
Ballarat BendigoCanberra EmeraldGladstone Gold CoastShepparton Wagga Wagga
Orange Tamworth
Starting to Decline
Declining Market
Approaching Bottom of
Market
Approaching Peak of Market
RisingMarket
Starting to Rise
Peak of Market
Bottom ofMarket
Entries coloured blue indicate changes in position from last month
Wollongong
HTW Cairns does… Rural Valuations Selling the farm? HTW has valuers specialising in agribusiness – from cane farms to cattle properties and banana plantations.
