Depreciation with Investing Property
A major plus with new property is the higher level of depreciation the property is likely to have. This depreciation can offset some of the holding costs in the early years while you steadily increase the rental return.
The key benefit with depreciation is that it reduces your taxable income effectively giving you more cash in your pocket to assist with funding the property.
In fact, the tax office admits that 52% of property investors don’t claim what they are legally entitled to.
Because they don’t know what they’re entitled to! (Of course now you won’t have this problem.)

Millionaire Thinking
Have you ever wondered why there are some people who seem to attract money and success throughout everything they do? And yet others seem to struggle, having small successes here and there, but never getting ahead? As you probably realize, the ‘strugglers’ often aren’t any less intelligent, any less confident, any less educated, than anyone else. So what is the key to success?

Peter Morris