Property Returns in Sydney
Depreciation Schedules in Sydney
The Sydney Metropolitan Strategy states that Sydney will have to cater for an additional 1.2 million people in the next 25 years. As the population expands to 5.3 million by 2031, 640,000 new homes will be needed. About 30% will be directed towards new releases but the rest, some 440,000 homes will be constructed in established suburbs. The highest percentage will be in the CBD, equating to about 55,000 new homes by 2031.
The plan is to have these homes concentrated around established suburbs within walking distance to shops, schools and services. It is envisaged that two-thirds of the extra homes built in the next 25 years will be within 800m of a train station or 400m of high frequency bus services in the morning peak time. About a third of this type of development will be in the inner west while about 42 percent will be directed towards the west-central region taking in Parramatta and Fairfield.Large infrastructure development can be an important leading indicator for future population movements and hence property prices.
The challenge, if you are going to buy an investment property in this market, is you need to have an eye for both up-and-coming suburbs and the critical issue of investment yield.Premium suburbs within 8 to 10km of the CBD, those near water and those that have scarcity value are likely to perform well, at very substantial initial investment cost.
By investing in property you can not only enjoy high rental yields you can claim tax depreciation benefits on your rental property by order a tax depreciation report Sydney. Call Property Returns Sydney office today and speak to our tax depreciation experts about rental property depreciation and how to order a tax depreciation schedule or tax depreciation report. Sydney property investment has continued to be strong in 2016 against all predictions, and has seen the greatest housing price increase of any city by a substantial margin.
The Sydney property market
Sydney market lead Australian Property in price movements, with houses and units gaining consistent price increases.
The Sydney rental market remains among Australia’s most sought after with Mosman identified as the country’s second most expensive rental suburb by R.P. Data, with a median rental rate of $1,500 per week, followed by Woollahra, Seaforth, Roseville and St Ives. The population of NSW has grown consistently over the past decade but the rate of home building has failed to keep pace. Based on population and demographic projections prepared by the ABS (Australian Bureau of Statistics).
Property Returns Quantity Surveyors Sydney
If you own an investment property in Sydney then you need the Tax Depreciation Services of Property Returns.
As a serious investor in property, maximising your return on investment is key to a successful portfolio. A depreciation report prepared by one of our Sydney office will ensure you’re getting the maximum tax depreciation benefits that you’re legally entitled to under the ATO guidelines and our fee is 100% tax deductible.
Property Returns has been providing tax depreciation advice to Sydney property investors, developers and lenders for over 20 years. We are experts in property depreciation schedules, ATO regulations on rental property deductions and we guarantee to maximise your return on property. Call Martin today and discuss your tax depreciation benefits.