Great price - Great Tax deduction
Written on the 22 April 2016 by Steve
Great price Great Tax deduction House at Yarrabilba near Logan (QLD) returns the goods for this investor
Here's today's comparison investment property for everyone to give you an idea of what we were able to get this property investor to deduct from tax this year. Our Gold Coast Quantity Surveyor took the trip up to Yarrabilba to calculate tax depreciation on this brand new house.
Suburb: Yarrabilba, QLDType of Property: 4 bed 2 bath 2 car House
Age of Property: 2016Approx Purchase Price: $379K
Approx 1st year tax deduction: $14,100 Remember you get tax deductions every year, this is just what this family investor will get back in year 1.
yarrabilba tax depreciation
We are seeing a few properties come through from Yarrabilba situated in the Logan Council region of QLD. There seems to be a few well-priced house and land packages going in that investors and home owners alike are snapping up.Situated between Brisbane and the Gold Coast, our Gold Coast Quantity Surveyor visited Yarrabilba and was pleasantly surprised by the amount of development happening in this corridor.
In January 2014, the Yarrabilba Super Park, Darlington Parklands opened. It features a 30m flying fox, water play area, climbing dome, fortress with slides, multi swing, outdoor gym, half basketball court, events oval, BBQ facilities and more.By 2041, Yarrabilba is planned to have around 17,000 homes with a population of approxiamately 45,000 people. Visit Lendlease to read more about this suburb.
As you can see, our Gold Coast Quantity Surveyor managed to get over $14,000 back in the first year in tax depreciation. What a great way to go for this savvy investor with a brand new property in a growing corridor.If you need help with tax depreciation on your investment property, just click on the link below and we will be in touch soon. We are more than happy to chat to you about tax depreciation estimates on investment properties you are considering any time.