All Topics / General Property / Depreciation Schedule info needed

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  • Profile photo of MyydralMyydral
    Member
    @myydral
    Join Date: 2003
    Post Count: 259

    I am about to add a washing machine, double bed and mattresses, and a fridge to my IP. It was mentioned to me that I should get a “depreciation schedule” done for the items that I am adding, and also what is already there ( stove, curtains aircon etc ).

    I need to know who I should see about this, what needs to be done etc. It is the first I have heard of it applying to me, I’ve only read about it in a Kiyosaki book somewhere.

    The items I am putting in are spare, ie not used atm, and are secondhand ( used to be mine, I moved in with girlfiend [:D] )

    Hope to hear from y’all soon

    “Looking forward to the day when I can tell the boss where to go”

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    Hi Myydral

    You need to contact a quantity surveyor – somebody like deppro or many of the other ones out there, they will prepare all this for you!

    Cheers
    Mel

    Profile photo of OzpatinQ8OzpatinQ8
    Member
    @ozpatinq8
    Join Date: 2003
    Post Count: 40

    Hi Myydral,

    Yes Mel’s correct , you need a QS. They will most likely tell you to get a copy of your house plans, so you might want to get the ball rolling on that one.

    QS’s fees will be around $500, but well worth it !

    Cheers

    J

    “Success comes from having the proper aim as well as the right ammunition”

    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403

    I reccomend you ring the real estate agents, they normally know of someone who does it.
    well worth the money and effort required. I just had one done on my Ip for 440 dollars and they gave me a 30 year depreciation schedule.
    shaun

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    I just booked one for a similar price and they guarantee double it back in year one or the report is free.

    http://www.bmtassoc.com.au

    Cheers,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

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