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RBA Update: Interest remain unchanged at 1.50 per cent.

rba

TIP OF THE MONTH:

Depreciation

Certainly with your house and land packages, there are an estimated six to ten thousand dollars per year that you can claim and get back in depreciation.

RESOURCES: http://www.rba.gov.au/
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Date Published: November 2, 2016
Running Time: 01:30 minutes

Hi Team, RBA Updates for Tuesday the 1st of November, time is flying when you’re having fun. Well, not surprisingly the RBA has kept the interest rate at one-and-a-half percent, all good. The implied yield curve shows that interest will only go up around September- October next year. So, we’re looking certainly at prolonged period of stable and low-interest. So that’s great news and great times for property investors.

Tip of the month: Well Depreciation. It still staggers me as people don’t have, still don’t have the depreciation scheduled. Certainly with your house and land packages, there are an estimated six to ten thousand dollars per year that you can claim and get back in depreciation. We have (that’s an estimate of course) We have two forms for two companies on our member’s section on our website so download them. There’s special pricing that we’ve agreed for, uh so that’s a great deal and the depreciation certainly can give you back money even if you do a renovation. Check with your accountant, it’s good to have a depreciation scheduled beforehand as you can write that money off.

Alright have fun guys! Happy investing! Take care!
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Uwe Jacobs Property Strategist

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