In this episode of the Commercial Property Investing Explained Series. Hosts Andrew Bean and Steve Palise chat with Tyron Hyde, a seasoned veteran whose illustrious career spans over 25 years, most notably alongside the iconic Harry Triguboff—a titan in the Australian property sector. Tyron brings to life the essence of working with such a towering figure through captivating stories and invaluable lessons, offering listeners an exclusive peek into the world of a real estate magnate.
With Tyron's expertise as a Quantity Surveyor (QS), we delve into the complex yet fascinating world of property depreciation, a crucial topic for the astute investor. Ever curious about the distinctions between residential and commercial depreciation, particularly following the landmark changes on the night of 9th May 2017? Tyron elucidates these differences, providing clarity on their significance and influence on investment strategies.
Further enriching this episode, we dissect the intricacies of depreciation reports, uncover the methodologies behind building cost calculations, and the nuanced approaches to asset depreciation over time. Tyron generously shares seasoned advice for investors, reveals the quirkiest item he's ever depreciated, and navigates the intricacies of dealing with heritage-listed properties and Superfund investments
Topics Covered:
- The Legend of Harry Triguboff: Tyron Hyde shares his experiences and lessons learned from over 25 years working with one of Australia's property magnates.
- Demystifying Quantity Surveying: An in-depth look at the role of a Quantity Surveyor (QS) and how they're pivotal in property investment.
- Depreciation Deep Dive: Understanding the intricacies of residential vs. commercial depreciation, especially after the changes on 9th May 2017.
- The Art of Depreciation Reports: The process, necessity, and benefits of having a detailed depreciation report for your property.
- Calculating Building Costs: Tyron explains how building costs are determined and the common methods used for calculating property depreciation.
- Advice for Property Investors: Expert recommendations on depreciating assets and navigating the complexities of investment strategies.
- Unique Depreciation Challenges: Insights into depreciating bizarre items and handling heritage-listed properties.
- Superfund Investments: The dynamics of buying an office building through a Superfund and the implications for depreciation.
- Cost and Duration of Reports: Practical advice on obtaining depreciation reports, including costs and timeframe.
Steve Palise - Palise Property
Ph: 0403 878 497
Email: steve@paliseproperty.com
LinkedIn: https://au.linkedin.com/in/steve-palise
HOSTED BY: Andrew Bean
Ph: 0410 694 633
Email: ab@andrewbean.com.au
YouTube: https://www.youtube.com/@andrewbean28
Facebook: https://www.facebook.com/andrew.bean28
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