RE/MAX Profile Landlords' Newsletter October 2015

In this edition: How long will it take for your property to rent? Invitation To Our Investors Property Seminar How to Get Better Depreciation with Traveller Accommodation Properties Make More $$$ and Get Better Tenants When You Say Yes to Pets! Emergency Kit Checklist for Staying Safe in the Stormy Season

October 2015

Staying Abreast – What You Need to Know about the Latest Pool and Spa Compliance Legislation Brisbane Awarded – Australia’s Most Sustainable City! A Selection of Properties Recently Leased Quote Calendar of Events

Dear Landlord,

Our office will be holding another

event on the 27th October 2015 and

we're thrilled to be able to invite you

to attend our Investors Property

Seminar which will feature a lineup

of great speakers to explain

pending finance changes

where interest rates are

heading and what that means

for investors

effective depreciation and

other key drivers to help

maximize profit

key legislative requirements

Rental Updates Plus An Invitation To Our Investors Property Seminar

relating to smoke alarms, pool

safety, bl ind and cord

regu lat ions and safety

switches

It is all essential information that any

landlord needs to know. There will

be no charge for this event but it

would be great if you'd like to donate

t o o u r c h a r i t y ( M a k e - A -

Wish® Australia)! Please let us

know if you would like to attend.

We welcomed Alex Ottewell to our

property management team. Some

of you have met her already. She

has joined the property management

department in September sharing a

portfolio with Helen.

We have Christina away this week

but Haleigh has the end of month

process in hand so everyone gets

paid on time. We hope she has a

good time at the beach with the

family.

Best Regards,

Your property management team

Christina, Jodi, Helen, Iszabel, Alex,

Kobe and Haleigh

Our finance specialist

Joshua Vecchio can help with;

Interest in Advance, Home

Loan Health Check, Depreciation Reports and

much more.

Call him now on 0432 989 866

www.propertyrentalsbrisbane.com FREE Information Guide For Landlords & Tenants

How long will it take for your property to rent? That of course depends on the time of the year so here are the latest statistics for September. BRISBANE STATISTICS The Market

Source: rentfind.com.au

Brisbane, QLD September 2015 Annual Change

Median Weekly Rent - House $415 1.2%

Median Weekly Rent - Unit/Apartment $385 0.0%

Days Vacant (Avg) 17.9 1.1 increase

Days on Market (Avg) 30.3 1.8 increase


How to Get Better

Depreciation with Traveller

Accommodation Properties

Owners of income producing

properties can generally claim

both capital works and plant and

equipment deductions.

However when claiming for

traveller accommodation, it’s

even more important to seek

advice from a Quantity Surveyor.

The rate at which owners can

claim capital works deductions

for traveller accommodation

varies from 2.5 per cent to 4 per

cent.

T h e e f f ec t i v e l i f e an d

depreciation rates for assets in

these properties are also

generally shorter. Therefore

assets found in traveller

accommodation wil l often

depreciate faster than the same

asset found in a residential

property.

As a result, investors often want

their property to be classified as

traveller accommodation to take

advantage of the accelerated de-

ductions.

rate is 4 per cent per year over

twenty-five years. All other types

of accommodation entitle their

owners to claim capital works at

a rate of 2.5 per cent over forty

years.

The construction completion date

has no impact on your ability to

claim plant and equipment

deductions. These items are

calculated based on their

individual effective life.

Carpets are a good example of

one asset which has a shorter

effect ive l ife in traveller

accommodation (seven years)

than in residential properties (ten

years).

To view the a table outlining the

depreciation rates for capital

works in all types of investment

properties bmtqs.com.au/tax-

depreciation-schedule

Article provided by BMT Tax

Depreciation.

Bradley Beer (B. Con. Mgt, AAIQS,

MRICS) is the Chief Executive

Officer of BMT Tax Depreciation.

Please contact 1300 728 726 or

visit www.bmtqs.com.au for an

Australia wide service.

To ensure deductions are

claimed correctly, the Australian

Taxation Office provides a

definition to help determine what

types of properties qualify as

traveller accommodation. These

are buildings intended to be used

t o p r o v i d e s h o r t t e r m

accommodation on completion

including:

Apartment buildings in

which you own and lease

out at least ten apartments,

units or flats

Hotels, motels or guest

houses that have at least

ten bedrooms

In both cases, investors are

entitled to claim capital works

deductions at a rate of 2.5% or

4% depending on the year

construction commenced.

Investors who purchase short

term traveller accommodation

constructed between the 16th of

September 1987 and the 26th of

February 1992 are eligible to

claim capital works deductions at

2.5 per cent per year over forty

years.

For properties constructed after

the 26th of February 1992, the


Make More $$$ and Get

Better Tenants When You

Say Yes to Pets!

It is hard to believe that in today’s

society there is still a stigma

around renting a property to an

applicant with a pet.

With a nation of pet lovers

(Australia has one of the highest

rates of pet ownership worldwide)

it begs the argument: ‘Why are

Landlords closing the door to

high number of potentially

fantastic tenants?’

The figures speak for themselves

- the RSPCA estimates that there

are approximately 33 million pets

in Australia, with 4.2 million of

those being dogs and 3.3 million

cats. That is 19 dogs per every

100 people and 15 cats per 100

people.

There are many positives for

renting a property to a tenant with

pets.

Higher Rental amount

With the acceptance of a pet, the

ability to ask for higher rent is a

major drawcard for landlords as

people are often willing to pay

more if it means they can

continue to have their furry loved

one with them.

More Applications to choose from

With the amount of pets in

Australian society, opening the

application process to pet-owning

tenants gives landlords a much

greater pool of potential tenants.

Long term tenancies

Tenants who are pet owners are

less likely to jump from tenancy

to tenancy as a furry friend will

become familiar with a property

and it’s harder to ensure a happy

animal if they are always being

moved around.

Caring and Responsible Tenants

Being a fur-parent is the new

stepping stone in today’s society

towards family growth. Tenants

with pets are more likely to have

pride for a property as they are in

the nesting stage of their life.

Home is where the heart is, a

tenant with a pet will want to

ensure that the property is safe

not only for them, but also their

furry loved one.

With Australians great love of

pets – it’s a great time to

consider being open to the

current trend of declaring yours a

pet friendly property!

Source: Erin Kelly, Real Estate

Emergency Kit Checklist

for Staying Safe in the

Stormy Season

The following checklist will

enable you to prepare your own

emergency kit in preparation for

the storm season, which can

often start in spring.

Necessities in the event of a

severe weather incident include:

Torch

Portable radio

Spare batteries

First aid kit

B o t t l e d w a t e r ,

non-perishable food and

any infant and pet

requirements

Waterproof bags with

important documents like

insurance papers and birth


Your property manager will be

aware of the changing legislation

and any requirements that you

need to abide by. Your pool may

only be inspected by a licenced

pool safety compliance officer

and your pool compliancy

certification must be redone

every 2 years for a residential

house and every year within a

unit complex or a holiday letting

premises.


Dynamics, 22 September 2015

certificates

Essential medication or

prescriptions.

It’s also important in our digital

age to have a hard copy of phone

numbers on hand including: local

emergency se rv ices , an

electrician, plumber and your

insurance company.


Dynamics 22 September 2015

reduction and green energy

initiatives, with Brisbane judged

the best city in three award

c a t e g o r i e s : A u s t r a l i a n

Sustainable Cit ies, Li t ter

P r e v e n t i o n a n d E n e r g y

Innovation.

In response to storm season

clean-ups, Brisbane has taken

sustainability in its stride with

green waste recycling and the

continued delivery of Council

projects and services that make

the city the most sustainable in

the country.

The Australian Sustainable Cities

Awards encourage and celebrate

the sustainability achievements

of urban communities across

Australia.

Source: Liv ing in Br isbane,

September Edition 2015

Staying Abreast – What You

Need to Know about the

Latest Pool and Spa

Compliance Legislation

All pools and spas are required

by legislation to comply with the

Australian Standard AS1926 for

pool fencing.

Queensland has specific pool

laws which cover every

swimming pool and spa pool that

holds water over 300mm in depth

and used specifically for aquatic

purposes.

Ensure that all pool fencing

requirements are adhered to at

the time of lease or sale.

Brisbane Awarded –

Australia’s Most

Sustainable City!

Brisbane is flourishing as a clean

and green city after being

crowned with the 2014 Keep

Australia Beautiful, Australian

Sustainable City award.

The award highlights residents’

and Council’s commitment to a

s u s t a i n a b l e f u t u r e a n d

recognises the hard work

undertaken across the city, from

cultural initiatives for cleaning

and greening that contribute to a

better Brisbane. It celebrates

achievements in recycling, litter

5th October Labour Day Holiday 15th October Mid Month Accounting 2nd November End of Month Accounting

A Selection of Properties Recently Leased

St Lucia House $700 p.w.

3 bed, 3 bath 1 car accommodation Quote

“Believe deep down in your heart that you're destined to do great things ”.

—Joe Paterno

Toowong Unit $400 p.w.

2 bed, 1 bath, 1 car accommodation

RE/MAX Profile Real Estate 141 Boundary Road TEL 07 3510 5222 FAX 07 3876 5544 www.profilerealestate.com.au Bardon QLD 4065 Jodi [email protected] www.propertyrentalsbrisbane.com PO Box 388, Paddington, 4064 Helen [email protected] Iszabel [email protected] Alex [email protected] Errors & Omissions: These details have been prepared by us on information we have obtained and while we trust it to be correct, is not guaranteed by us and you should rely on your own enquiries.

Indooroopilly House $450 p.w.

3 bed, 2 bath, 1 car accommodation

Calendar of Events

RE/MAX Profile Landlords' Newsletter October 2015

Documents

Transcript of RE/MAX Profile Landlords' Newsletter October 2015