WA’s strata reforms and the 10-year plan

WA’s strata reforms and the 10-year plan

In May 2020, Western Australia’s strata laws changed for the first time in over 30 years.

Under the revised Strata Titles Act 1985, the 10-year plan and reserve fund have become a requirement for certain strata schemes. It applies to schemes with more than 10 lots or a replacement value of over $5 million.

WIRE 2021 – RELAUNCH. REIMAGINE.

WIRE 2021 – RELAUNCH. REIMAGINE.

Asset Reports very own Tom Williams and Caitlin Dennis were fortunate attendees of WIRE (Women in Real Estate) 2021 – held at Doltone House, Jones Bay Wharf, Sydney, on March 10 to coincide with International Women's Day.

Wire conference is one of the real estate industry's key events for professional development. This year's event focused on 'reflecting on your life, redefining your journey and relaunching yourself with double the force.'

Virtual Tours leave an impression on Property Managers and Tenants

Virtual Tours leave an impression on Property Managers and Tenants

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 Display Villages

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.

Tax Depreciation in a Brand New Apartment

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.

Virtual tours help agents get buyers through properties as auctions, open homes banned

Virtual tours help agents get buyers through properties as auctions, open homes banned

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.

How Asset Reports can help through COVID-19

How Asset Reports can help through COVID-19

The world has changed rapidly in the last few days.

We just wanted to share a few keys things we are doing to help you and your clients stay safe, be more efficient, and generate additional income in these uncertain times.

Asset Reports is complying with all the advice from the Federal Govt and Health Officials regarding the rapidly evolving COVID-19 situation.

We can assure our clients that we have proactively enforced the 14 day voluntary quarantine period for anyone who has travelled overseas well before the official advice came into effect.