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In what’s being described as a market-first, BMT Tax Depreciation has launched a new online calculator which it says will impact the way property research is carried out by investors.
BMT Tax Depreciation’s new online calculator, PropCalc, works by providing “comprehensive analysis of the holding costs of any property including taxation benefits like depreciation”, allowing investors to better understand the investment potential of a property.
According to a statement from BMT, the calculator (which is available as an app on Google Play and the App Store) allows users to personalise data such as purchase costs, potential property income, annual expenses and tax deductions, producing real after-tax cash-flow results for specific property buying scenarios.
“Mortgage stress continues to be one of the main issues faced by property owners in Australia,” said BMT Tax Depreciation CEO Bradley Beer, commenting on the launch.
“Some investors are playing Russian roulette with their finances by not fully understanding the cost of owning a property before they purchase.
“Those looking to purchase property could significantly reduce their risk of stress from finance by simply calculating costs beyond the deposit, interest repayments and expected income.
“We believe that PropCalc is a quantum leap forward in this regard, and we would encourage people to try out the new online resource which we have made free for all.”
ABOUT THE AUTHOR
Emma Ryan
Emma Ryan is the deputy head of editorial at Momentum Media.
Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.
Email Emma on: Emma.Ryan@momentummedia.
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