The Importance of an Accurate Insurance Valuation

  When it comes to insuring your strata titled property, or any property for that matter, coming up with the correct figure can seem daunting. Many people think that the construction cost is the best figure to use when insuring a property.  However, the construction cost will not provide an appropriate value as it does not include all…

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Making Your Investment Work Harder for You – Understanding Tax Depreciation Schedules

The vast majority of strata investment property owners do not take advantage of tax depreciation schedules to reduce their taxable income. A depreciation schedule is a report that outlines all available tax depreciation deductions for a residential investment property or commercial building. Most properties, new and old, have depreciation available. Land doesn’t wear out, but…

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New Smoke Alarm Laws: 2022 Deadline Approaches

New Smoke Alarm Laws: 2022 Deadline Approaches

New Smoke Alarm laws for QLD came into effect on 1 January 2017. The legislation specifies that all homes in Queensland must be fitted with photoelectric, interconnected smoke alarms in all bedrooms and hallways. Photoelectric smoke alarms are more advanced at detecting smoke from smouldering fires, compared to ionisation smoke alarms as the alarms have…

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