In the past year, the rental market in Australia’s three major capital cities—Greater Sydney, Greater Melbourne, and Greater Brisbane—has experienced a narrowing gap between house and unit median rents. This trend offers critical insights into the evolving dynamics of the housing market, with significant implications for both renters and investors. Rental landscape of major capital…
Articles by Mike Mortlock
Mike Mortlock is a Tax Depreciation expert, Quantity Surveyor and Managing Director of MCG Quantity Surveyors. He is a regular property commentator having been featured in the Financial Review and Sky Business. MCG Specialise in Tax Depreciation Schedules and Construction Cost Estimating for investors. You can visit them at www.mcgqs.com.au
There are plenty of quandaries swirling around the zeitgeist which confound me. For example, what university course should I take to become a millionaire ‘influencer’? Also, why wasn’t our national anthem composed by a sweat-drenched, pub-rock band from Adelaide? Big questions that someone else will have to resolve I’m afraid. However, there is a line…
There are over 2.88 billion dollars worth of tax deductions that investors are leaving on the table. With a little knowledge and planning in the lead-up to June 30, there are key decisions that investors can make today that will pay dividends when they meet with their accountant in July. Here are 5 tips to…
Australia is on the verge of a devastating insurance crisis due to this summer’s triple-dip La Niña weather event. What’s occurred with the floods in Victoria looks like an unsettling precursor for the summer ahead. I’m incredibly concerned this year’s La Niña will financially devastate a huge number of homeowners and investors who are…
Are there investment property tax boosters that can help you beat the cost of living crisis? As a matter of fact, yes, there are. I have identified five moves property investors can make immediately to help deliver a much-needed cashback tax boost in these tough economic times. These tasks could ease an investor’s hip-pocket burden…
After the trials of 2020/21, I expect ‘adaptable’ and ‘resilient’ to be emblazoned across the plinth of every monument to human endurance erected for years to come. We’ve been served up challenges in all parts of life and, to our credit, have mostly found ways to alter our behaviours and make the best of each…
A new study indicates property investors have ‘doubled the distance’ between where they live and where they invest in response to the pandemic. The analysis also revealed which state most buyers are investing in. Our latest Property vs. Postal survey showed remote and borderless investing had been supercharged by COVID19. We analysed the details of…
Cause and effect is a well known law of relationships. In 2020, there was an almighty cause, which brought an incredible response across political and social landscapes. But another lesser-known law is, “If you’re going to throw a party you’ve got to expect a little damage.” In other words, things implemented to bring about one…
In round figures, approximately 2.2 million Australians own an investment property – which is less than 10 per cent of the population. Of these investor figures, the vast majority own just one holding (over 70 per cent). I firmly believe that investors are getting stuck at one property simply by getting the first one wrong….
Profound predictions, bold statements and audacious utterings are not something normally associated with the button-down persona of quantity surveyors. But I’m about to buck the trend. Perhaps I’ve been I’m emboldened by this year of challenge. Maybe I’ve gone lockdown stir crazy. Possibly, it’s just the end of the year and it’s time to pop…