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Tax Depreciation Schedule Interview with our experienced Inspector

Tax Depreciation Schedule Interview with our experienced Inspector

A property has caught your eye and after a whirlwind of ‘ifs’ and ‘buts’ and all of the other challenges thrown towards you, you finally nab the dream investment. After financing the property, you’re now ready to enjoy the substantial tax savings that depreciation can give you. Does my property qualify for this schedule? Is my property too old? Is there any point investing with this...

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Interview with an experienced ESM Inspector

Interview with an experienced ESM Inspector

We recently had a chat with experienced ESM professional Damien Purcell, a registered Building Inspector, as he walks us through what you need to know with Essential Safety Measures. About Damien: Damien has been carrying out ESM audits and inspections since 2004 and holds a Diploma of Building Surveying as well as a Diploma of Building Construction. He was always interested in fire safety when...

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Essential Safety Measures-are they important?

Essential Safety Measures-are they important?

It was only months ago the devastating building fire took place in North Kensington (London) taking several lives and leaving many homeless.  Theories as to why the fire escalated so quickly are still being discussed, blaming features such as the cladding and inadequate safety procedures. The cladding had come under serious scrutiny with experts stating a more fire-resistant type could have been...

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Looking to update or change your home?  

Looking to update or change your home?  

Consider a renovation and follow some of the big trends for 2017.  Every year there are different trends in home structure and interior design. The team here at SPI Property Inspections are keen followers of the renovation TV show,  ‘The Block‘ and we like to keep up to date with trends in the market.  Here’s what we’ve noticed for this year: Structural Trends        ...

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Melbourne’s ever expanding Million-dollar club

Melbourne’s ever expanding Million-dollar club

When house hunting, many buyers are making decisions based on proximity to schools, universities, shops and restaurants, public transportation and/or freeways.  Many would think these are just basic requirements for a suburb when purchasing a property.  In recent years, the median value of house prices has soared. Ten years ago, there were only five Melbourne suburbs with a median house price...

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Melbourne’s Infrastructure- what is happening?

Melbourne’s Infrastructure- what is happening?

In Melbourne, our roads and infrastructure have required constant expansion to suit our ever-growing population.  With it being a large focus for our government, many funds and resources have been set aside to improve our standard of living. This can be reflected in the famously-dubbed title of ‘the most liveable city in the world’ (The Economist), with one of the criteria being based on a...

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Ownership and Control of a New Home Construction Site

Ownership and Control of a New Home Construction Site

You have purchased a block of land where your dream home will be located, prepared your house plans and have chosen the right builders and contractors for the job. Now you’re at the beginning of the construction stage. You’re very eager to see how the build is going and what stage the construction is at. You may even believe you can walk onto the site because it’s your land. Unfortunately,...

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Beat the damp by improving water drainage

Beat the damp by improving water drainage

With the cooler months, comes the need to keep an eye on drainage under your home. Our inspectors often come across situations where inadequate drainage has not been addressed. Over a period of time, these conditions may eventually lead to rising damp and rotting timber floors. In addition, moisture may create a humid atmosphere, creating conditions that are conducive to attracting termites.  If...

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Stamp Duty Abolished for First Home Buyers

Stamp Duty Abolished for First Home Buyers

Seasonality plays an important role in the housing market as well as changes in Government policy. The Victorian Government has announced that stamp duty will be abolished for first-home buyers (FHB’s) purchasing a home below $600,000 for any contracts entered into from 1 July 2017. The exemption will apply to all residential property types, including homes, townhouses and apartments for...

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Turn Your Attention to Winter

Turn Your Attention to Winter

With the temperature starting to drop, we know that the prospect of storms, heavy rainfall and high winds looms. Now is a good time to attend to winter maintenance tasks to avoid potential problems around your home. Here are our top maintenance tips to get you started: Roof: check for any broken tiles, slates, damaged pointing/mortar to hips and ridges and loose flashing to avoid water damage and...

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New Standards in Apartments

New Standards in Apartments

New design standards for apartments came into effect in March 2017 and will be implemented in all planning schemes in Victoria. The purpose of the standards is to greatly improve the amenity and liveability of new apartments, providing clear guidelines in the following areas: Building setback Natural ventilation Functional layout Private open space Room depth Communal open...

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Building Condition Report: Carry Out Your Due Diligence?

Building Condition Report: Carry Out Your Due Diligence?

Arranging a Building Condition Report for a commercial property is a wise and valuable investment. It’s imperative to know the overall condition of the building and whether it complies with building regulations. By having an independent review of the complete structure, you will be better informed about what you’re purchasing or leasing and it will give you peace of mind when making...

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Melbourne Water Retarding Basins Project

Melbourne Water Retarding Basins Project

SPI Property Inspections was recently awarded a contract with John Holland-KBR Joint Venture (JH-KBR JV), on behalf of Melbourne Water, to carry out Property Condition Surveys as part of upgrade works at: Glen Valley Retarding Basin located on Glen Valley Road in Forest Hill Lernes Street Retarding Basin located on Hylton Crescent in Forest Hill East Burwood Retarding Basin located on Weeden...

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Being Prepared for the Bushfire Season

Being Prepared for the Bushfire Season

Australian summers are synonymous with backyard BBQ’s, days at the beach and picnics with family and friends. However, this time of the year is also renowned for bushfires around the country. For this reason, it’s imperative to know what precautions to take to keep our families and properties safe. Recent predictions from the Climate Council indicate that Victoria is at risk of facing...

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Engage a Professional for your Contract Review

Engage a Professional for your Contract Review

A new home contract can be a lengthy and detailed document which needs to be examined carefully for any discrepancies or possible misinterpretation. The experienced inspectors at SPI will thoroughly review your contract to ensure that it is in line with industry standards. We can also provide advice on any issues that require clarification between parties prior to signing, for example: Your...

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Christmas News from the SPI Team

Christmas News from the SPI Team

As we head into end-of-year celebrations, we hope you can begin to enjoy some quiet time with family and friends after all the Christmas frenzy. For some, this can mean travel opportunities or time at home to get on with that list of home maintenance and renovation jobs. For others, it’s an opportunity to see what else might be on offer in the housing market. Whatever your focus in the...

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SPI’s top 10 home maintenance tips for summer

SPI’s top 10 home maintenance tips for summer

  As we roll into the warmer months of the year, there are a few home maintenance items you should keep in mind so that your home is in its peak performance. Here are our top 10 home maintenance tips that you can do over the summer period: Inspect and clean your gutters for debris to prevent clogging and unnecessary leaks. A clogged gutter may lead to water leakage and possible structural...

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Home Checklist

Home Checklist

So, you’ve found your dream home but before you commit your hard-earned cash to this property, you need to be really sure you know what you’re buying.  Inspecting a house takes time, careful scrutiny and sound building knowledge. We’ve prepared a home checklist to show you what needs to be considered with any property. If you’re not sure about what you’re finding, seek some...

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Concerned about Asbestos Issues?

Concerned about Asbestos Issues?

November (1-30) is National Asbestos Awareness Month which aims to educate Australians about the dangers of asbestos in and around homes. In addition, WorkSafe inspectors in Victoria are visiting more than 800 demolition and construction sites to ensure that work is carried out as safely as possible. In particular, inspectors will verify compliance with the laws associated with construction...

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What if you don’t win at auction?

What if you don’t win at auction?

If you’ve ever been involved in an auction, you’ll know how tense it can be, particularly if you are one of the people bidding. Even if you’re just a casual observer on the day, you can feel on your guard – any sudden movements and you could find yourself an unwitting homeowner! Private treaty sales account for the vast majority of all home sales but auctions are an...

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