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Skip to content.Contact Support 1300 799 109 Allhomes Commercial Real Estate Navigation Log inAccount Log in * Find a Property * Research * Find Agents * For Owners * Home Loans * News * Commercial * Home * Advice * Selling * The Block 2023: Why the properties appeal to investors * Find a Property * Buy * Rent * House & Land * New Homes * Rural * Share * Search by school * Research Property Market Insights * Property Price Estimates * Suburb Profiles * Property Market Analysis * Auction Results * Sold Properties * Find Affordable Suburbs Guides * Advice * Buying * Investing * Renting * Find Agents * For Owners * My Properties * Sell * Home Loans * Refinance Online * Explore Home Loans * Repayment Calculator * Stamp Duty Calculator * Refinance Savings Calculator * Equity Calculator * Borrowing Power Calculator * Fixed Rate Expiry Calculator * News * Property News * Money & Markets * Living * Domain Review * Commercial By Sara Garrity October 25, 2023 FacebookTwitterPinterestCopy link The Block Recap - Backyards Join former contestants Rachel Carr, Kyal and Kara Demmrich as they reveal their top picks of the week on The Block. In this week's episode they discuss the backyards as we approach the end of the season - two weeks to go. Video Player is loading. Play Video PauseNext playlist item Unmute Current Time 0:02 / Duration 0:15 Loaded: 100.00% 0:02 Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time -0:13 1x Playback Rate Chapters * Chapters Descriptions * descriptions off, selected Subtitles * subtitles settings, opens subtitles settings dialog * subtitles off, selected Audio Track * en (Main), selected Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Close Modal Dialog This is a modal window. This modal can be closed by pressing the Escape key or activating the close button. 1. THE BLOCK 2023: WHY THE PROPERTIES APPEAL TO INVESTORS By Sara Garrity October 25, 2023 FacebookTwitterPinterestCopy link As The Block approaches auction day, the open for inspections have revealed how popular the season has been with fans. But what about those who will actually buy the homes? Appealing to investors in particular has always been an important consideration for contestants on The Block. During this year’s season, House 4’s Steph and Gian were given valuable advice on how to entice this market segment. The couple were the winners of the Domain Listings Challenge, and were rewarded with a $50,000 addition to their budget and an opportunity to talk to Domain chief of research and economics Dr Nicola Powell and national property editor Alice Stolz on how best to spend it. Powell emphasised the importance of considering the investor segment and understanding what exactly might appeal to them. “You can’t forget that segment, and what the investor looks for is depreciation, it’s tax purposes,” she said. “So the home that has the largest depreciation schedule will likely have the greatest interest from investors.” Dr Nicola Powell emphasised the importance of considering the investor segment and understanding what exactly could appeal to them. Photo: Stephen McKenzie Depreciation schedules are created by quantity surveyors. They are comprehensive reports that put together the construction costs and asset value of a property against the depreciation value that comes naturally with ageing and the gradual deterioration of a property. Deductions can come from what the Australian Taxation Office (ATO) classifies as “plant and equipment”, which are easily removable assets, such as blinds, light fittings and carpets. They can also come from any wear and tear of the property’s structure, and permanently attached assets like hot water systems. Related articles * Are you really in trouble if you buy property before you sell? Here’s what the experts say * Are you a local auction stickybeak? Here’s how that can put you ahead * The best ways to spend $50,000 on your home for return on investment As the owner of a property for investment purposes, you can claim deductions for its decline in value over time. All of the houses on this series of The Block have substantial depreciation tax deductions, according to BMT Tax Depreciation chief executive Bradley Beer. GET THE BEST PROPERTY NEWS AND ADVICE DELIVERED STRAIGHT TO YOUR INBOX. Become a member Check out our Privacy policy. * Find your local agent He revealed the total depreciation deductions of all properties together were more than $23 million. “Eliza and Liberty’s house, or House 5, generated the highest total deductions, estimated at $4,996,640,” he says. “Their first full financial year deduction was $173,860.” “The other properties aren’t far behind, with an average of $4,630,874 in total depreciation deductions, and an average of $145,079 in the first full financial year. “Because these properties have been substantially renovated, both plant and equipment depreciation and capital works deductions are eligible to be claimed, making them very enticing to the investor.” Eliza and Liberty's House 5 has the highest depreciation schedule. Photo: Nine With a large amount of investor interest expected on auction day this year, Beer says the financial benefits will be big. “It can greatly boost an investor’s cash flow through the associated tax deductions,” he says. “Reducing tax liabilities will be part of an investor’s strategy and with these schedules, the outcome will be fantastic for the new owners.” When show co-host Shelley Craft asked Domain’s experts about where the contestants should spend money for the largest depreciation, Stolz said, “It might be investing in a piece of art.” * Get free market appraisal The ATO considers works of art to be depreciating assets, with a useful life of 100 years. For that reason, you could claim around 2 per cent a year for any art purchased. Another example from the experts was investing in sustainability, specifically solar panels. Their installation on a property could allow investors to claim 5 to 10 per cent of the cost of installation each year. Once a property has been bought by an investor, any improvements made by the owner will likely have further tax benefits too. However, James Price of Hudson McHugh says a lot of investors in the current market are looking for “set and forget” properties. Investors aren’t interested in new builds but they don’t want something old and untouched either, agents say. Photo: Peter Rae They aren’t interested in new builds, he says, but they don’t want something old and untouched either. Just as The Block houses are renovated and improved homes from the 1950s, properties from around the same time, with modern improvements, are where the interest currently lies. * Track your home “Investors want to see bathrooms and kitchens that have been improved upon in these types of homes,” he says. “I think the way savvy investors will look at it is, they will say, ‘What’s going to cause me a headache later on?’ and if those things are well managed before the sale then the more likely there will be success with it.” The Block 2023 on Domain The latest from The Block The Block 2023 on Domain The latest from The Block See The Block listings plus recaps, room reveals and renovating advice. Visit The Block Hub Architecture and renovationExplainerLandlordsThe BlockThe Block Contestants FacebookTwitterPinterestCopy link WE RECOMMEND WHY DO SOME PROPERTY LISTINGS LEAVE OFF THE ASKING PRICE? THE THREE KINDS OF PILLOWS EVERY BEDROOM SHOULD HAVE EXPERT HACKS TO TAKE THE STRESS OUT OF MOVING HOUSE SAUDIS PLACE WESTERN AUSTRALIA’S LARGEST GRAIN OPERATION UP FOR SALE THE MELBOURNE WORKPLACE PRECINCT ENCOURAGING EMPLOYEES TO STEP OUTSIDE RECOMMENDED FOR YOU LOOKING FOR A RESPONSIBLE BUILDER? HERE'S 5 THINGS YOU NEED TO ASK THE ONE THING THAT OFFERS NEW HOME BUYERS TOTAL PEACE OF MIND INSIDE THE QUEENSLAND WONDER WITH A FLOATING POOL DECK AND 'COFFEE DECK' VICTORIA FAILING ITS HOUSING TARGET, PROPERTY GROUPS WARN THINGS YOU SHOULD KNOW The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. © Domain Holdings Australia. * Help * Contact * About * Careers * Mobile * Privacy Policy * Go to the Top * Domain Marketing Hub * Agent admin This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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