Does anyone have any positive or negative advice or experiences with adding a water tank to an investment property? (Property is in Brisbane which just hit level 3 water restrictions (buckets to water the gardens)).
I’m interested in:Implementation suggestions (outside tap only or hook to the home’s water), Tax and rate advantages or insurance costs along with any other useful information.
I believe you get a BCC Rebate
follow this link:
http://www.brisbane.qld.gov.au/BCC:BRISWATER::pc=PC_1460
but be quick time is fleeting.
As for tax? Speak to your accountant…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055After checking out the BCC site above (THANKS TO STUART MILNE) you basically get a $500 rebate for a tank holding 1,000 litres or more and $750 for 3,000 litres or more, plus $100 if it’s hooked up to the internal pipes (toilet and washing machine).
After asking around, the 1,000 tank will probably cost more than $6,000 by the time you buy the tank, buy a pump and have it all delivered and installed. A licensed plumber needs to hook it up to the internal pipes.
As an investor, I probably won’t get the value return in my property for a tank and if council makes it a requirement on all new buildings in the future then housing costs will all go up and so will the value of my property, even without one (a reminder that the worst house amongst the best, will always gain a better percentage of capital gain, so why try and make it as good or better unless it needs it?). So unless you want to save the environment or your council has a much better rebate don’t bother unless it’s required by them.
That seems expensive, just goggled rainwater tanks.
$819 for a 1000L slim line tank (Irrigation whare house group)
$500 for a pressure pump.Set it up for the garden and the tenant has no excuse to keep the garden maintained probably.
Water tanks are only effective if you get adequate rainfall. If you have no rain to fill the tank you go back to the bucket. If you get your rain at a particular time of the year then you need a tank big enough to catch a lot of water in order to carry you through the rest of the time. If you live in an area that benefits from regular rainfall you should do well with a water tank……but if this is the case you probably do not live in Oz!
Seriously, do some rainfall calculations before buying a tank.[grad]
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