Mandy Feng - Coronis

Mandy Feng - Coronis Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Mandy Feng - Coronis, Estate agent, Abbotsford.

A warm, cosy family home in Balwyn leased during lockdown.
04/09/2021

A warm, cosy family home in Balwyn leased during lockdown.

Beautiful Docklands Apartment leased out within a week!🎉🍾
03/08/2021

Beautiful Docklands Apartment leased out within a week!🎉🍾

“Wishing you and your family the happiest Easter this year!”
01/04/2021

“Wishing you and your family the happiest Easter this year!”

When you become a property investor, it is natural to run into the reduction of your asset’s value as the time passes by...
05/02/2021

When you become a property investor, it is natural to run into the reduction of your asset’s value as the time passes by and your investment goes through wear and tear. The good news is that you’re entitled to full depreciation deductions and can claim it from The Australian Taxation Office.

CAPITAL WORKS DEDUCTIONS
This deduction has to do with the depreciation of the construction costs of the building and permanently fixed assets of the property, such as concrete and brickwork. If the property was constructed before 15th of September 1987, any construction renovations could be claimed as deductions.

PLANT AND EQUIPMENT DEDUCTIONS
This refers to items within the building like built-in appliances, hot water heaters, air conditioners, carpets, blinds, and any other fixtures and fittings that are outdated.

HOW TO CLAIM DEPRECIATION DEDUCTIONS
To claim depreciation on your investment property, you need to include a depreciation schedule in your tax return. This way, you can deduct depreciation from your pre-tax cash flow and maximise the return.

When you purchase your investment property, all assets within the property are not itemised by value. That’s why in order to claim any tax deductions, you will need to employ a qualified Quantity Surveyor to do a thorough inspection to identify what can be claimed and make valuations in order to create a depreciation schedule for you against two deduction categories.

This is the only way you can legitimately claim tax deductions for depreciation. If you purchase a brand-new property, preparing a depreciation schedule is much easier as the value of the items can be easily determined. If you have an older property though, things become more complicated, and that’s another reason why it is important to use a reliable professional.

By having a full report prepared for tax deductions, you can potentially save thousands and improve your cashflow. If you have any questions about your investment

You've bought your first investment property and you're now a landlord. Congratulations! Your choice of property manager...
03/02/2021

You've bought your first investment property and you're now a landlord. Congratulations! Your choice of property manager is crucial to your success.

Before selecting a property manager you can trust, here are some questions you should ask:

1. How many years have you worked in real estate, and in particular property management?

2. How long have you been with this agency?
You want a property manager with excellent local knowledge and stability, so they get to know you and your property, not someone who is likely to move on in six months.

3. Will you inspect my property and provide a written proposal?
A professional property manager will take a look at your property and present you with a written proposal

4. How many properties do you manage currently?
Make sure the property manager is not handling so many properties that they will not be able to devote individual attention to your property.

5. What strategies do you use to attract the best tenants?
Including what type of marketing do they recommend, and how many open homes are they going to be holding?

6. How do you manage all the financial aspects?
Your property manager should be able to detail how and when rents are collected, when to expect your payments, the management fee and everything that is included in the fee.

7. Will you keep me informed on movements in the local property market?
Your property manager should be able to inform you on any movements locally in rental returns or capital growth.

8. How regularly will you inspect my property and check on the tenants?
Make sure your property manager intends to conduct routine inspections of your property as per legislation. Ask for details of what he or she will check on during the inspection and whether you will receive a written report.

The right property manager will ensure your property is kept in top condition and that you will not have a high turnover of tenants.

To learn more about my answer to all of the above questions call me on 0401 045 362

Being a renter shouldn’t stop you from living in the stylish home you desire. It’s easier than ever to personalise your ...
02/02/2021

Being a renter shouldn’t stop you from living in the stylish home you desire. It’s easier than ever to personalise your rental home on a budget… without compromising your lease agreement. Here are 10 ideas to get you started…
1. Pick up some plants
Plants and flowers are a no-fail tip to liven up any space.
2. Update a wall with decals
Decals have become popular lately and for all the right reasons: they can be added and removed with no fuss; they come in a huge range of designs and colours; and they are inexpensive
James Lambrou
3. Add elegance with removable wallpaper
Available in a wide range of designs, temporary wallpaper caters to any style and can add all the drama, fun and elegance you desire.
4. Decorate with washi tape
The wonderful washi tape is quite underrated in the decoration world and still fairly unknown.
5. Get creative with storage
Rentals often lack storage, which in turn can lead to unsightly clutter. Improve this situation by adding furniture or accessories that can help with storage as well as making a statement.
6. Add the art without the holes
If you are not allowed to hang anything on the walls, try to use what you already have to make a decorative statement – consider a fireplace mantel, existing shelving, or the top of a cabinet to display art and decorative pieces.
7. Add rugs, rugs and more rugs!
Your rental has horrible flooring? It might be a blessing in disguise! Layering rugs is a great way to conceal a not-so-good-looking floor, as well as add texture and colour.
8. Make it modular
Rentals tend to be temporary homes. Opt for furniture that can be moved around and reconfigured so it can more easily fit into another home.
9. Throw in some textiles
Textiles must be the easiest, quickest way to make a space yours. Scatter some cushions and a chunky throw; cover a chair
10. Replace the lighting
If your home lighting relies on bare bulbs or outdated pendants, replace the shades and watch the difference!

The official interest rate is being held at its record low of 0.10 per cent, the Reserve Bank of Australia has announced...
02/02/2021

The official interest rate is being held at its record low of 0.10 per cent, the Reserve Bank of Australia has announced after its February 2 meeting.

Bringing MONA vibes to the Mornington Peninsula, Jackalope Hotel is the Home Away From Home treat we have all been waiti...
01/02/2021

Bringing MONA vibes to the Mornington Peninsula, Jackalope Hotel is the Home Away From Home treat we have all been waiting for in 2021. The first indication that this is a stay like no other is the giant, inky part-jackrabbit, part-antelope artwork by artist Emily Floyd that looms over the entrance to the hotel as you pass through sculptural pyramids.

Dreamed up by the hotel’s owner, art lover and collector Louis Li, the scene begins an immersive art experience that continues through neo-noir aesthetics and the alchemy-inspired lobby. From start to finish, Jackalope offers a collaboration of art, design and hospitality with architecture by Carr Design Group, landscaping by TCL Landscape Design, and custom interior furniture from Zuster.

The architects used the framework of an 18th-century heritage house on the property, extending it into the landscape in a monolithic, metal and charred-timber building.

Within each of the 45 rooms is a commitment to tranquil, elegant spaces composed of stunning contemporary art and design‚ including Prometheus chandeliers by Christopher Boots and leather Autoban Nest Chairs.

Choose between the “lair” or “terrace” rooms, each with options for a deep onsen Japanese bath or vineyard views, all with rain showers and luxury, bespoke Hunter Lab bath products.

Complete with a 30-metre onyx infinity pool overlooking the 11.3-hectare Willow Creek Vineyard, the hotel interlocks with a labyrinth of hard and soft landscaping by TCL.

The pool reflects the changing sky or star-filled atmosphere and is accompanied by a pavilion-like structure known as the Geode – dreamt up for intimate dining, spa and wellness events.

Jackalope Hotel compels you stay, either with a glass of wine on your private terrace or by heading to the cellar door for a complimentary wine tasting. The peninsula begs exploring but whether you’ll be able to leave the property is up to you.

Investment of any nature is never an exact science and the property market is no exception.However, there are still some...
29/01/2021

Investment of any nature is never an exact science and the property market is no exception.

However, there are still some tactics property investors can use when seeking the best possible value from their investment.

Below are some common mistakes you should try and avoid when considering your property investment.

1. Repaying debt indiscriminately
Trying to pay down all your different sources of debt simultaneously can be tempting. However, not all debt is created equal. Certain types of debt come with benefits others don’t have – such as tax deductibility.

2. Forgetting about depreciation
Many property investors often forget to capitalise on tax depreciation deductions, which could mean missing out on thousands of dollars of potential returns.

3. Leaving rents to stagnate
What many investors often forget is that the rental market can move much faster than the property market as a whole, so regularly reviewing the rental amount paid is a great idea.

4. Holding out for an unreasonable rent
On the flip side, investors may inadvertently lose money by stubbornly clinging to their ideal rental asking price, despite little interest from potential tenants.

5. Assuming you know where the value is
Investment decisions should ideally be made based on the potential for wealth generation – something you can’t “just know”, but need to analyse the numbers to determine.

6. Managing your own property
More and more investors seem to think they can do it all, including people attempting to take care of every aspect of managing an investment property.
In the process, they spend more time dealing with tenant complaints than working on the next phase of their investment strategy.
Hiring a property manager will not only allow you to focus on the value-added tasks of your investment business, it will make sure you keep up with any legislative changes, too.

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Abbotsford, VIC
3067

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