Which property on The Block is the best investment?

Adam Smith 2 November 2016

question mark peopleA tax depreciation expert has worked out which apartment on The Block offers the best returns.

BMT Tax Depreciation has named Kim and Chris’ apartment the best bet for investors looking for a tax-effective property, News Ltd has reported. The company said the couple’s penthouse apartment would qualify for a first-year deduction of $87,470 and a total deduction of about $2,448,042.

BMT Tax Depreciation CEO Bradley Beer said the deductions could make Kim and Chris’ apartment the most attractive to investors, News Ltd said.

Read our daily recaps of The Block

Geelong lads Ben and Andy were second in BMT Tax Depreciation’s calculations, with a first-year deduction of $85,718 and a total of $2,401,413.

Early front-runners Karlie and Will could face trouble with investors on auction day, coming last in BMT’s calculations, with a $77,324 first-year deduction and a $2,124,227 lifetime deduction.

“The additional cash flow astute property investors receive from depreciation will assist them when crunching their numbers to make purchase decisions," Beer told News Ltd.

But whether the tax-effectiveness of the properties comes into play come auction time remains to be seen. Beer estimated that 80% of property investors didn't take full advantage of property depreciation deductions.

Latest home loans headlines

Image: Shutterstock

More help from finder.com.au

Save on health insurance
Save on health insurance

Compare plans and prices to find the right deal for you

More info...
Refinancing home loans
Refinancing home loans

Choose from offers with rates as low as 3.59% p.a.

More info...
Prepaid phone deals
Prepaid phone deals

Save with a cheap and flexible prepaid SIM

More info...
Cut your power bills
Cut your power bills

Compare energy providers and find a better deal for 2017

More info...

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question