Mail Property - Ranges Traders Mail - 11th August 2020

ENVIABLE FAMILY OASIS WITH an unwavering commitment to quality, this magnificent residence is an architectural achievement.

Set in a prime position near Burrinja Cultural Centre, Upwey township and train station, and only 50 minutes from the Melbourne CBD, this is a tree-change property with all the trimmings.

The perfectly presented home offers 2 levels of luxurious family living. From the beautiful landscape with exposed aggregate drive, level lawns, and established trees, a lasting impression is made.

Inside, the stunning kitchen with engineered stone benches, induction cooktop, and stainless-steel appliances underscores the sensational open plan design. Seamlessly connected to the dining area and family room via spotted gum floors and shared garden views, it is easy to envision living here.

Downstairs, the expansive rumpus/

games room with polished concrete floors and abundant storage is clearly designed with family in mind. With equally impressive bedrooms, including the main with walkin robe and bespoke ensuite, plus an adaptable study/nursery, this is a masterful residence for magnificent family living.

Complementary to the coveted indoor space, the outdoor entertaining area is a show-stopper. With a salt-chlorinated, solarheated inground pool and cabana perfect for warm summer days, no detail has been overlooked at this impressive home.

With additional highlights including ducted heating, evaporative cooling, and updated laundry, every element has been accounted for. In addition, the freshly painted roof tiles, water tank, mains gas BBQ, and garden shed enhance the significant investment in outstanding living.

Infinitely impressive and unlike any other, this property suits discerning buyers with an eye for distinction. â—?

HOME ESSENTIALS Address: 23 GLENFERN AVENUE, Upwey, 3158 Description: 4 bedrooms, 2 bathrooms, 1 study, 2 garage Price: $1,100,000 - $1,200,000 Inspect: Open for inspection Contact: SAM ADAMSON 0421 023 760 & BRAD CONDER 0422 639 115, CHANDLER & CO REAL ESTATE 9754 6888

SUBURBAN, COUNTRY & LIFESTYLE PROPERTIES ACROSS THE REGION mailcommunity.com.au

Tuesday, 11 August, 2020

|

MAIL 19

PROPERTY NEWS

LANDLORD TAX TIPS

HEALESVILLE 244a Maroondah Highway MODERN OFFICE SPACE TO LEASE LOCATED IN THE BUSY WEST END OF TOWN AREA 127m2 APPROX. OFF STREET PARKING WITH WHEEL CHAIR ACCESS EXCELLENT REAR ACCESS RENT $2066.11 PLUS OUTGOINGS AND GST AVAILABLE AVAILABLE NOW FROM 1st OCTOBER 2019 CONTACT MARK GUNTHER FOR MORE DETAILS INSPECT STRICTLY BY APPOINTMENT

Type

Office

WWW ID 1P2494

Mark Gunther 0448 623 030 mark@markgunther.com.au

www.markgunther.com.au PH: 03 5962 3030 | FAX: 03 5962 2599 189 Maroondah Highway, Healesville, VIC 3777

types of policies are assessable income and must be included in tax returns.

Many banks have moved to defer loan repayments for stressed mortgagees. In these circumstances, rental property owners are still able to claim interest being charged on the loan as a deduction- even if the bank defers the repayments.

Short-term rentals “We recognise that circumstances over the past six months have seen many short-term rentals see cancellations or sit vacant as a result of either COVID-19 or bushfires,” Ms Foat said.

In circumstances where Covid-19 or natural disasters have adversely affected demand, including the cancellation of existing bookings for a short-term rental property, deductions are still available provided the property was still genuinely available for rent.

If owners decided to use the property for private purposes, offered the property to family or friends for free, offered the property to others in need or stopped renting the property out they cannot claim deductions in respect of those periods.

“Generally speaking, if your plans to rent a property in 2020 were the same as those for 2019, but were disrupted by Covid-19 or bushfires, you will still be able to claim the same proportion of expenses you would have been entitled to claim previously,” Ms Foat said.

To determine the proportion of expenses that can be claimed for short-term rental properties impacted by Covid-19 or bushfires, a reasonable approach is to apportion expenses based on the previous year’s usage pattern, unless you can show it was genuinely available for rent for a longer period of time in 2020.

If you or your family or friends move into the property to live in it because of Covid-19 or bushfires, you need to count this as private use when working out your claims in 2020. ●

12452605-SG28-20

12455630-CG31-20

THE Australian Taxation Office is aware that residential rental property owners may be concerned about how Covid-19, floods or bushfires have reduced their income. This may be a result of tenants paying less or entering deferred payments plans, or travel restrictions which have affected demand for short-term rental properties. New legislation also affects the tax deductions that owners of vacant land can claim.

Assistant Commissioner Karen Foat explained that whatever the circumstances, the most important first step was to keep records of all expenses.

“Without good records, you will find it difficult to declare all your rental-related income in your tax return and work out what expenses you can claim as deductions.”

Reduced rental income The Covid-19 pandemic has placed property owners and tenants in unforeseen circumstances. Many tenants are paying reduced rent or have ceased paying because their income has been adversely affected by Covid-19.

You should include rent as income at the time it is paid, so you only need to declare the rent you have received as income. If payments by your tenants are deferred until the next financial year you do not need to include these payments until you receive them.

While rental income may be reduced, owners will continue to incur normal expenses on their rental property and will still be able to claim these expenses in their tax return as long as the reduced rent charged is determined at arms’ length, having regard to the current market conditions.

This applies whether the reduction in rent was initiated by the tenants or the owner.

Some owners may have rental insurance that covers a loss of income. It is important to remember that any payouts from these

20 MAIL

|

Tuesday, 11 August, 2020

mailcommunity.com.au

Real Estate you can trust! we ’ r e h e r e t o h e l p FOR SALE

15 Forest Road, BELGRAVE

$330,000 - $360,000

FOR SALE

8 Stanhope Street, UPWEY

$1,320,000 - $1,450,000

DREAM hOME SiTE (STcA) iN DESiRAbLE LOcALE

DiSTiNGUiShED “DOYNTON LODGE”

Stop searching and start planning to build your dream home on this desirable block (STcA). with considerable clearing already done and a coveted location neighbouring National Park, this property is the perfect place to put plans into action. This beautiful 2,922 sqm (approx.) allotment rests quietly at the end of this no-thru road. here you will discover an environment rich with flora and fauna and fabulous hillside views. with dual street frontage with access from Forest Road, plus an established drive, single carport, retaining walls, and water tank, there is plenty of appeal on this promising land.

Distinguished “Doynton Lodge” is a magnificent mix of historic features and fabulous modern comforts. Masterfully extended while honouring its original 130-year history, this is a spectacular property not to be missed. This sophisticated residence rests upon over half an acre of established gardens within walking distance to Upwey township. however, once you are home you need look no further than this property for every creature comfort.

4 A 4 B 10 C

Sam Adamson M 0421 023 760 | E sam@chandlerandco.com.au

Suzie Brannelly

Glenn Chandler

M 0490 506 910 | E suzie@chandlerandco.com.au

M 0418 410 689 | E glenn@chandlerandco.com.au

FOR SALE

54 Thompson Road, UPWEY

$720,000 - $790,000

SPAciOUS hOME, PRiSTiNE OUTLOOK, cLOSE TO TOwN

4A 2B

FOR SALE

$730,000

3 Pauline Avenue, TECOMA STYLiSh cONTEMPORARY cLASSic

4A 3B 1C

Affectionately known as “Komorebi”, Japanese for ‘the light that filters through the leaves of the tree’, this unique hills home has a flexible layout, gorgeous treetop views, and is an enviable offering. The sanctuary-style block with Ferny creek meandering by is a picturesque backdrop for this fabulous family home. The impressive interior boasts a beautiful ground floor kitchen (complete with walk-in pantry) seamlessly connected to the dining area, family room, and deck that offers an outstanding space for entertaining.

Pristinely positioned on the north side of Tecoma this stunningly presented weatherboard is guaranteed to impress! Situated on the high side of the road with a gorgeous outlook, this immaculate home offers; • Superb open plan living, the trendy kitchen/meals area connecting seamlessly to the lounge • impressive rear decking from which to entertain or watch the kids and pets run amok in the backyard • hydronic heating and reverse cycle air conditioning

Sam Adamson

Sam Adamson

M 0421 023 760 | E sam@chandlerandco.com.au

M 0421 023 760 | E sam@chandlerandco.com.au

9754 6888 1689 burwood highway, belgrave Vic 3160 www.chandlerandco.com.au of fice@chandlerandco.com.au mailcommunity.com.au

Tuesday, 11 August, 2020

|

MAIL 21

$700,000 - $750,000

24 Kings Road Emerald

$585,000 - $635,000

15 Beatty Parade Cockatoo

Location at its Finest!

Solid Investment!

This 2 bedroom BV home on almost 1/4 acre is within easy walking distance to the Emerald township. Features BIRs, polished loorboards, spa, separate shower, European laundry, solar hot water. Galley kitchen, sunroom, pergola, open entertaining area, vegetable garden & shed, single lock up garage, 2 water tanks and fully fenced.

Excellent opportunity exists to purchase a brick veneer home on a lat block with a sealed driveway. The home features 4 bedrooms, master with walk in robe and ensuite, L shaped formal lounge with wood heater and split system air con, 2nd living area, kitchen with breakfast bar, and outdoor undercover entertaining area. The property is fully fenced and has double lock up garage.

Contact: Bethany Day 0438 844 968, Grant Day 0417 565 745

Contact: Aaron Day 0407 365 994, Tyson Bluhm 0437 843 820

5a Edenmont Road Emerald

28 Williamson Road Gembrook

$1,150,000 - $1,250,000

$600,000 - $660,000

Modern Art Deco Masterpiece!

Perfect Opportunity!

Modern Art Deco in design, unrivaled in functionality in an outstanding location on 1/2 acre, this exquisitely maintained home with singular attention to detail skillfully captures both class and comfort. Features include butler’s pantry, Caesar stone bench tops, double glazed windows, built in wet bar with dishwasher, 2.7m ceilings on both levels, suspended slab, triple lock up garage and workshop. Absolutely must see!

Set on ½ acre of land, this superbly styled residence features additional accommodation & huge triple lock up garage. The main residence features sunken lounge, wood heater, 2 beds, master with ensuite, main bathroom, laundry & stunning kitchen. The second dwelling features sitting, dining areas & kitchen, bedroom & ensuite.

Additional huge garage with roller door, power and mezzanine level.

Contact: Aaron Day 0407 365 994, Tyson Bluhm 0437 843 820

Contact: Samantha Scott 0438 680 032

1 Kings Road Emerald

POA

35 Charman Avenue Emerald

$630,000 - $690,000

Exciting New Development - Only 2 Left!

Rare Find In Emerald!

This exciting new development provides an opportunity to secure a new home, buying off the plan & allowing decisions regarding inishes and styling within the speciications, or custom inishes according to your budget. There are 3 homes available, all featuring 3 good sized bedrooms, master with ensuite. There is also a 2 car garage with direct access into the residence for convenience and security.

This 3 bedroom home sits on 1/3 acre with an Emerald address & features a large, welcoming living area with access to a covered entertaining deck & functional open ireplace & built in bar and bookshelf for the sophisticated reader. Adjoining meals area with hardwood loors, updated kitchen with gas cooking, 2 bedrooms plus study or 3rd bedroom & large sunroom. Extensive gardens complete this home.

Contact: Aaron Day 0407 365 994, Tyson Bluhm 0437 843 820

Contact: Richard Birtchnell 0438 747 357

bellrealestate.com.au 22 MAIL

|

Tuesday, 11 August, 2020

5968 6222

311-313 Main St, Emerald mailcommunity.com.au