Over $100,000 worth of depreciation on a 72 year old well-presented property!!! That can’t be true!!!
This well presented, recently renovated 3-bedroom, 1-bathroom home which we recently assisted first time PROPERTYOLOGY clients Ben and Claire purchase, is just another example of why the saying “you must buy new to obtain depreciation” is not true.
After purchasing this 72 year old property for the very affordable price of only $350,000, Ben and Claire have just received their independent Tax Depreciation Schedule which confirms there is still $100,853 worth of depreciation available to claim in the property. Add that on top of an already impressive 5.5% rental yield, overall an awesome addition to Ben and Claire’s impressive Investment Property Portfolio!