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
Events
Ming Osborne
Asset Reports & CoreLogic | 2020 Vision

On 24th October Asset Reports and CoreLogic hosted 2020 Vision - an informative evening that asked 'What will future Property Buyers think when they look back at this point in time as a buying opportunity?'

We heard from Damian Collins (Momentum Wealth) about the benefits of collaborating with buyers agents for properties in key areas, while Tim Lawless (CoreLogic) provided an insight into the Perth property market and a forecast of the economic and population growth for WA.

Asset Reports & CoreLogic | 2020 Vision

tax depreciation

Investment property owners can recoup 2 years of missed deductions with a Depreciation Schedule

Investment property owners can recoup 2 years of missed deductions with a Depreciation Schedule

With the RBAs announcement of another interest rate rise, owners of investment properties will likely be feeling the squeeze with pressure on their cash flow.

Further interest rate hikes are expected throughout the year, so any way to supplement the return on an investment is essential right now.

The simplest and most effective way to offset increasing interest costs is to start claiming Depreciation - and owners can claim up to two prior years of depreciation on an investment property for an instant refund back from the ATO.

Time to do a Health-Check with your investors

Time to do a Health-Check with your investors

The best lead generation advice we’ve seen from events across the country is to do an annual Health Check on your Rent Roll. Call each of your owners to discuss their investment properties - this is the best database of investors you have access to!

The below graph shows the number of Australians investing in property, and the number of properties they own. There is quite a large difference between the number of Australians that own 1 investment property compared to 2. Getting in touch with your clients to discuss their investment strategy is a great way to start transitioning them from the first column into the remaining columns.

7 Tax Time Tips for Investment Properties

7 Tax Time Tips for Investment Properties

EOFY might be over but tax time is still in full swing!

Here are some tax tips for Rental Properties provided by The Tax Institute:

  1. Keep all your receipts to justify the deductions that are being claimed. An absence of such receipts will make life very difficult if an audit calls for proof of the expense. 

  2. The property must either be rented, or “genuinely available" for rental in the income year for which a deduction is claimed. If you use the property for private purposes, you cannot claim expenses. 

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