This month I’ll try and save you money – faster!

When buying things for an investment property, I always abide by this guiding principle: “A dollar today is worth more than a dollar tomorrow” … so deduct items as quickly as possible.

Generally speaking, it pays to have a little bit of tax knowledge, that’s why it’s worth remembering that individual items under $300 can be written off immediately.

Even if your portion of a more expensive item is under $300, you can still write it off.

For instance, say an electric motor to the garage door cost an apartment block $2,000. If there are 50 units in the block, your portion is $40.

You can claim that $40 outright – as your portion is under $300.

More importantly, if buying a microwave for your property, buy one for $295 as opposed to $305.

By doing this you’ll be able to claim $295 as an immediate tax deduction, as opposed to depreciating it at the prime cost rate of 10% per annum – where you can only claim around $30 in the first year.

That’s an increase of close to 1,000%.

Tyron Hyde is director of Washington Brown and has over 15 years experience in the construction and development industry. Considered one of Australia’s leading experts in property tax depreciation, Tyron regularly presents at industry conferences and events and has published numerous articles on tax depreciation and property investment.
Tyron has a Bachelor in Construction Economics from University of Technology Sydney. 

Click here to read more tips from Tyron!

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : padbury , tiwi , bligh park , westbrook , willoughby east

go back

Get help financing your investment

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here