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Helpmebuy Property Podcast
Mastering Property Tax Depreciation For Maximizing Returns
This episode of the Help Me Buy Property Podcast focuses on property depreciation. Our host Moxin Reza and honorable guest Jack Meller; discussed how property depreciation works, the difference between capital work deductions and plant and equipment, and the benefits of depreciation statements for investors.
Property depreciation is generally known to be an assessment of the future wear and tear of a property and allows investors to claim deductions for depreciation of assets. Depreciation is further split into two main types namely, capital work deductions (structure of the building) and plant and equipment (fast-depreciating items like appliances), this is majorly for the taxation calculation.
The depreciation statements are curated in order to help investors claim deductions for general wear and tear on the property, renovations, and structural works when it comes to filing of taxation.
Now it has been noticed that new properties generally have better depreciation claims, but all properties can benefit from depreciation schedules or statements. New properties obviously give out a better depreciation rate because of lesser usage/constructed time. It is important to know that due diligence is crucial in preparing depreciation reports, and attention to detail is important to avoid missing out on claimable items.
Episode Highlights:
- 00:00 Welcome to Helpmebuy Property Podcast
- 02:19 Introduction to Property Depreciation
- 07:55 Changes in Property Depreciation in November 2017
- 16:00 On-Site vs. Desktop Property Depreciation Reports
- 21:01 The Good, the Bad, and the Ugly of Depreciation Schedules
About the Guest:
Jack Meller is the Director of Meller Quantity Surveying. He produces detailed tax depreciation schedules for Australia’s top 5 wealthiest individuals and offers a consistently high standard of service to all customers. He knows the secret of Australia’s wealthiest people is that they invest heavily in their advisors, and they don’t pay a cent more than they need to pay on their commercial and investment property taxes.
Jack can be reached out on
M: 0470 365 356
Resources:
- Visit the Investor Partner Group website: https://helpmebuy.com.au/
- Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau
You can also connect with us on https://www.linkedin.com/company/77080688. For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@moxinreza
Keep smiling, be kind, and continue investing. Peace out!
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46. Anniversary Special: 2 Years of Property Podcast Success!
33:19||Season 2, Ep. 46As we draw the curtains this Season of Help Me Buy Property podcast, it was mandatory to have a look back down memory lane reminiscing some of the most amazing moment we experienced together during this past year.In this special anniversary episode of the Help Me Buy Property podcast, Moxin Reza reflects on the past year, celebrating key insights, lessons learned, and the evolution of the real estate market. Together, we revisit standout episodes, discuss the importance of adaptability in investment strategies, and look forward to the upcoming season focusing mainly on implementation and your success stories.Take a seat and re-live some of the best moments of Season 2 and hang on for an even better and outstanding Season 3 of Help me Buy Property Podcast!Episode Highlights 00:00 Welcome to Help Me Buy Property Podcast 05:16 Reflections on Key Episodes07:30 Looking Ahead: Season Three09:41 Lessons Learned and Personal Growth28:17 Final ThoughtsClick on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGRResources: · Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyauYou can also connect with us on https://www.linkedin.com/company/77080688.Keep smiling, be kind, and continue investing. Peace out!45. Trust vs. Personal Name: The Ultimate Low Deposit Showdown!
19:22||Season 2, Ep. 45Another insightful episode, where me and Cheryl Leong discuss one of the biggest challenges in property investment: Navigating Low Deposits. It is important to know why waiting to save for a 20% deposit might lead to missed opportunities and explore creative strategies to overcome the serviceability trap. From leveraging trusts for better serviceability to utilizing self-managed super funds (SMSFs) as a complement to property portfolios, the whole episode is packed with actionable insights.You cannot deny the importance of strategic planning—whether it’s understanding how banks assess trust versus personal properties, nurturing a trust to maximize wealth creation, or crafting effective exit strategies to manage investments successfully. We got it all covered with practical advice on avoiding common pitfalls and prioritizing wealth creation over serviceability lock-ins, this episode is a must-listen for property investors at any stage.Episode Highlights 00:00 Welcome to Help Me Buy Property Podcast 04:36 Navigating Low Deposits in Property Investment09:32 The Trust Vs. Personal Name Dilemma15:41 Strategies for Wealth Creation and ServiceabilityClick on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGRResources: · Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyauYou can also connect with us on https://www.linkedin.com/company/77080688.Keep smiling, be kind, and continue investing. Peace out!44. Uncover the Secrets Behind Rising Property Prices through Data
55:08||Season 2, Ep. 44In this latest episode of Help Me Buy Podcast, Moxin Reza sits down with Luke Metcalfe, the visionary founder of Microburbs, to explore how real estate data is reshaping the way we invest. From understanding livability scores to the market cycles that drive capital growth, this episode dives deep into evidence-based strategies for smarter real estate decisions.Luke explains the dynamics of iconic heat maps and using them for predicting property trends, and why factors like crime rates, government intervention, and employment accessibility are critical in determining property values.We also uncover the hidden risks of confirmation bias and discuss the science of identifying suburbs with untapped potential.Long-term growth in real estate markets remains steady, but knowing the market cycles is key. Whether you're a seasoned investor or just starting out, this conversation offers actionable insights into how data and smart analysis can transform your real estate journey.Episode Highlights 00:00 Welcome to Help Me Buy Property Podcast 09:36 How Market Cycles Shape Real Estate Strategies17:47 Why Livability Scores Matter in Predicting Growth28:55 Government Policies and Their Role in Property Values42:09 Behavioral Biases That Lead to Poor Investment DecisionsAbout the Guest:Mr. Luke Metcalfe is the Founder Microburbs is a highly qualified data scientist. Luke has 25 years of experience in Data Science and building data businesses. He’s a polymath data guy who brings together rapid code, public data sources, stats, marketing and entrepreneurship. He helps in areas where he has deep domain knowledge: Retail, property, finance, location tracking, franchising, geospatial and web analytics.Connect with Luke: https://www.linkedin.com/in/luke-metcalfe-data-scientist/Microburbs: https://www.microburbs.com.au/Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGRResources: · Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyauYou can also connect with us on https://www.linkedin.com/company/77080688.Keep smiling, be kind, and continue investing. Peace out!43. Get Rid of Your Underperforming Investments Before It's Too Late
28:29||Season 2, Ep. 43In this episode, Moxin Reza and Hong Chuy from Strategic Brokers unpack the complexities of property investment, connecting it to crucial principles of financial education, portfolio management, and building sustainable passive income. During the conversation, they both emphasize on the importance of understanding the difference between mortgage strategies and accountant advice to avoid common pitfalls. Moxin explains why selling underperforming investments is essential for unlocking better opportunities and how this approach can transform your investment journey. The critical role of asset allocation was further highlighted, urging the investors to think strategically about diversifying their portfolios and making decisions that align with long-term goals like retirement planning.The conversation delved into advanced strategies like debt recycling and trust structures, illustrating their potential for optimizing investments while managing risk. Mr. Chuy shared his hand-on experiences regarding debt recycling and how trust structures can be tricky.Moxin Reza also warned against blind loyalty to banks, advocating for a diversified borrowing strategy with the help of a strategic broker to maximize financial flexibility. The episode was concluded with the stress on the need for a calculated, millionaire mindset—one that prioritizes long-term gains over short-term comfort. Whether you're navigating property investments or exploring opportunities in the stock market, this episode provides the insights needed to build a resilient portfolio and achieve true financial freedom. Tune in now! Episode Highlights 00:00 Welcome to Help Me Buy Property Podcast 02:49 Understanding Understanding Property Investment Strategies09:47 The Importance of Selling Bad Investments18:55 Navigating Bank Loyalty and Borrowing Power 25:09 Final Thoughts About the Guest:Mr. Hung Chuy is the Founder and Director of Strategic Brokers and is a highly qualified mortgage advisor. Hung has submitted thousands of finance applications over the years and is able to assist with any possible lending scenario.He looks after CEO’s of major corporations, complex self-employed business owners, as well as many Chartered Accountants, Lawyers and Barristers. Connect with Hung: https://www.linkedin.com/in/hung-chuy-54777998/Strategic Brokers: https://www.strategicbroker.com.au Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGRResources: · Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyauYou can also connect with us on https://www.linkedin.com/company/77080688.Keep smiling, be kind, and continue investing. Peace out!42. Mortgage Secrets 2024: Loan Porting, Interest Rates, and Credit Management for Property Investments
21:50||Season 2, Ep. 42In this episode of the Help Me Buy Property podcast, Mr. Chuy from Strategic Brokers made a comeback to discuss more intriguing topics revolving around mortgage. During our discussion, we touched topics like loan porting and cross - collateralization and how these strategies can make all the difference for property investors. Mr. Chuy explained how loan porting is an incredibly useful tool that can allow you to transfer your existing loan to a new property when you sell your current one, something that’s especially valuable if you locked in a lower interest rate before recent hikes. For investors looking to maintain stability while expanding their portfolios, loan porting can be a game changer. Then there’s cross -collateralization - a strategy that may seem convenient but often causes more problems than it solves. During discussion, it was agreed that by using multiple properties as security for a single loan is a risk which means you are tying your hands when it comes to accessing equity or selling individual properties. If the market shifts and the value of one of your properties drops, you could find yourself in negative equity, where the amount you owe is greater than the property’s worth. The conversation was wrapped up on this note that how important it is to have a knowledgeable broker by your side. A good broker can not only steer you clear of financial pitfalls but also ensure that the strategies you use - whether it’s loan porting or something else - align with your long-term goals, helping you grow your portfolio with confidence. Episode Highlights: 00:00 Welcome to Help Me Buy Property Podcast 02:49 Understanding Loan Porting 08:07 What is Cross-Collateralization 11:03 The Pitfalls of Cross-Collateralization 18:24 The Importance of working with Knowledgeable Brokers 19:02 Final Thoughts About the Guest: Mr. Hung Chuy is the Founder and Director of Strategic Brokers and is a highly qualified mortgage advisor. Hung has submitted thousands of finance applications over the years and is able to assist with any possible lending scenario. He looks after CEO’s of major corporations, complex self-employed business owners, as well as many Chartered Accountants, Lawyers and Barristers. Connect with Hung: https://www.linkedin.com/in/hung-chuy-54777998/ Strategic Brokers: https://www.strategicbroker.com.au Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGR Resources: Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau You can also connect with us on https://www.linkedin.com/company/77080688. Keep smiling, be kind, and continue investing. Peace out!41. Rates vs. Rewards: Strategic Mortgages for Cashflow, Growth, and Risk
27:08||Season 2, Ep. 41In this episode of the Help Me Buy Property podcast, I had the pleasure of speaking with Mr. Chuy from Strategic Brokers about mortgage strategies for property investors. We discussed several important topics, including the concept of student investors-individuals who are always learning and seeking knowledge to improve their investment skills. One of the most crucial points we covered was the vital role that mortgage brokers play in helping investors achieve their financial goals. It became clear that investment should be approached as a business, where cash flow management is essential for sustainability and having a buffer is critical for financial security. We also emphasized the need for a solid financial strategy and a mindset shift to ensure long-term success in property investment. Additionally, we explored the balance between cash flow and growth, and the importance of understanding risk management in property investing. The conversation highlighted that understanding the difference between rates and rewards is vital for making informed investment decisions. Selecting the right asset was another key theme of our discussion - it's crucial to ensure your investments align with your financial position and goals. A good mortgage broker, who understands your unique financial situation, can make all the difference in achieving success. Ultimately, we concluded that with the right mindset and strategy in place, anyone can build long-term wealth through smart property investment. Episode Highlights: 00:00 Welcome to Help Me Buy Property Podcast 02:52 Understanding Student Investors 06:07 The Role of Mortgage Brokers 09:03 Investment Mindset and Strategy 11:51 Cash Flow vs. Growth 14:47 Risk Management in Property Investment 18:09 Final Thoughts on Mortgage Strategy About the Guest: Mr. Hung Chuy is the Founder and Director of Strategic Brokers and is a highly qualified mortgage advisor. Hung has submitted thousands of finance applications over the years and is able to assist with any possible lending scenario. He looks after CEO’s of major corporations, complex self-employed business owners, as well as many Chartered Accountants, Lawyers and Barristers. Connect with Hung: https://www.linkedin.com/in/hung-chuy-54777998/ Strategic Brokers: https://www.strategicbroker.com.au Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGR Resources: Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau You can also connect with us on https://www.linkedin.com/company/77080688. Keep smiling, be kind, and continue investing. Peace out!40. Nine Key Things Renovators Should Ask Before Starting a Project - Part 2
25:26||Season 2, Ep. 40In this podcast episode, I dive into strategic renovation tips with Graham Whitfield, an experienced real estate investor and renovator. Graham shares insights on maximizing ROI in property upgrades, covering key areas like understanding insurance for vacant properties, managing renovation budgets, and planning with market research. We discuss common renovation pitfalls, the importance of knowing your target market, and selecting materials wisely to avoid overspending. Graham emphasizes staying focused on the original plan and learning from both successful and challenging projects. Tune in for actionable tips to make your renovations profitable and effective.Episode Highlights: 00:00 Welcome to Help Me Buy Property Podcast 3:00 Tips on avoiding overspending during renovations and selecting materials wisely.4:21 Importance of knowing your market and buyer expectations to guide renovation choices.6:09 Understanding the difference between investor and owner-occupier expectations.11:36 Key areas for maximizing home value: painting, kitchens, and bathrooms.17:41 Discussion on insurance coverage for vacant properties, emphasizing the 60-day rule for claims.18:09 Common mistake of assuming standard insurance covers renovations19:02 The role of security measures, like cameras and smoke alarms, on renovation sites to prevent theft.19:30 Graham's strategy of keeping properties open and visible to deter potential break-ins.21:04 Strategy for keeping the renovation timeline and costs under control. About the Guest: Graham Whitfield is the innovative founder of Whitfield Investments in Perth, Western Australia, a firm specializing in property renovation and development since April 2021. With a knack for uncovering off-market opportunities, Graham thrives on creating win-win scenarios for his clients and partners. His business is built on strong relationships with joint venture partners, investors, and tradespeople, believing that success in real estate comes from collaboration and continual learning. Graham welcomes new partners who are ready to join him in transforming potential into prosperity.Connect with Graham: https://www.linkedin.com/in/graham-whitfield-729a4235/Whitfield Investments: https://whitfieldinvestments.com.au/Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGRResources: Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyauYou can also connect with us on https://www.linkedin.com/company/77080688.Keep smiling, be kind, and continue investing. Peace out!39. Nine Key Things Renovators Should Ask Before Starting a Project – Part 1
27:18||Season 2, Ep. 39In the latest episode of the "Help Me Buy Property" podcast, I had the pleasure of speaking with Graham Whitfield from Red Main Property Coaching, a true expert in renovations and property flipping here in Australia. We tackled nine crucial questions that renovators should consider before diving into a project. One of the key points we discussed was how to accurately price renovations through a thorough feasibility study. This means considering not just the purchase price but also holding and selling costs, while avoiding the trap of emotional overspending on upgrades that may not deliver returns. We also delved into the importance of effective project management to keep renovations on track, as delays can significantly escalate holding costs. Graham shared insights on the typical timeframes for renovations, noting that cosmetic upgrades usually take around six to eight weeks, while structural changes can stretch into several months. He advised against living in the property during renovations to maintain focus and streamline the process, which allows renovators to manage multiple projects more efficiently. Ultimately, our conversation highlighted the need for strategic planning, strong team relationships, and a solid understanding of market conditions to succeed in property flipping. Episode Highlights:00:00 Welcome to Help Me Buy Property Podcast 02:13 Feasibility and Budgeting 05:34 Project Management and Team Building 12:31 Living in the Property During Renovations 15:11 Choosing the Right Builder About the Guest:Graham Whitfield is the innovative founder of Whitfield Investments in Perth, Western Australia, a firm specializing in property renovation and development since April 2021. With a knack for uncovering off-market opportunities, Graham thrives on creating win-win scenarios for his clients and partners. His business is built on strong relationships with joint venture partners, investors, and tradespeople, believing that success in real estate comes from collaboration and continual learning. Graham welcomes new partners who are ready to join him in transforming potential into prosperity.Connect with Graham:• LinkedIn: https://www.linkedin.com/in/graham-whitfield-729a4235/• Whitfield Investments: https://whitfieldinvestments.com.au Click on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGR Resources: Visit the Investor Partner Group website: https://helpmebuy.com.au/ Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau You can also connect with us on https://www.linkedin.com/company/77080688. Keep smiling, be kind, and continue investing. Peace out!38. Key Steps to Build A Property Portfolio - An Inspiring Success Story
23:55||Season 2, Ep. 38In this episode of the Help Me Buy Property podcast, Alina and I discuss her inspiring journey from having no properties to building a successful real estate portfolio. We explore the importance of financial education, the right mindset, and the value of a supportive network in achieving property investment success. Alina shares her experiences, key takeaways, and advice for young investors, emphasizing the significance of starting early and making informed decisions. We discussed the vital role of financial education and understanding the ins and outs of finance to make informed decisions. Another crucial aspect we explored was the importance of mindset. Alina highlighted how cultivating a positive and growth-oriented mindset helped her overcome obstacles. I resonated with her perspective on viewing challenges as stepping stones rather than roadblocks, and it made me reflect on my own experiences in the industry.Throughout our conversation, we also touched on the significance of having a supportive network. Alina shared how connecting with like-minded individuals provided her with invaluable insights, encouragement, and collaboration opportunities. She emphasized that surrounding oneself with a community of investors and mentors can accelerate growth and inspire new ideas. I found this particularly relevant, as I’ve seen first-hand how powerful it can be to share experiences and strategies with others on similar paths.Episode Highlights:00:00 Welcome to Help Me Buy Property Podcast02:02 The Journey Begins: Starting from Zero05:13 Key Takeaways from Early Investments08:07 Building a Diverse Property Portfolio10:02 The Importance of Mindset and Lifestyle Choices13:12 The Role of a Supportive Network15:55 Advice for Young Investors20:08 Conclusion and Final ThoughtsClick on the link below to download Australian Bestseller “A Millennial’s Guide to Property Investing” now! https://www.amazon.com.au/dp/B0CRF48GGR Resources: Visit the Investor Partner Group website: https://helpmebuy.com.au/ Join us on our FREE Facebook Group: https://www.facebook.com/groups/helpmebuyau You can also connect with us on https://www.linkedin.com/company/77080688. Keep smiling, be kind, and continue investing. Peace out!