Tax depreciation (also known as property depreciation) is a legitimate deduction against assessable taxable income, generated by a residential or commercial investment property. It works by allowing property investors to deduct a portion of the original costs of furniture and fittings and capital works (such as renovations) on their investment property each financial year, over the effective life of that item.
Continue readingHere is a snapshot of vacancy rates for the last 12 months for Fitzpatricks Real Estate and the Riverina area in general as supplied by REINSW. In the summer months we expect to see a rise in the number of prospective tenants looking to lease properties. The presence and type of air conditioning is also a key priority with the majority of our prospective tenants. …
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Now the weather is heating up it’s time to think about how to save water around your home… Don’t mow your lawn too short – a longer lawn develops a deeper root system and requires less water to look great Mulching not only helps to control weeds, it also prevents soil drying out! Compost, sawdust, straw, grass clippings, pebbles and woodchips are all excellent mulching …
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Fitzpatricks Real Estate took part in the second annual Dragon Boat Challenge on Sunday, at Lake Albert. There was a fantastic turnout of more than 30 teams and plenty of spectators. “Fitzy Dragons” entered a team of 20 paddlers in the 200 metre race, competing against other local business houses and organisations in the Community category. The competition saw competitors travel to Wagga Wagga from …
Continue readingA professional financial adviser is dedicated to understanding all the risks and returns associated with the wide range of investment options available. They are aware of tax and legal implications and can help you structure your finances to meet your financial needs throughout your working life and when you retire. Access to this expertise and understanding can deliver powerful results, both financially and for your …
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