Any recommended commercial agents for Melbourne/Vic area? Much appreciated.

There are some great posts on this subject. As an owner of predominently commercial property, I think that it’s important to commit to one or the other. Both are historical roads to wealth but with our experience in commercial, I would suggest that your team is crucial. We know a little about leases, purchasing, accounting and banking but would…[Read more]

Ahhh interesting times afoot.Lucky to be an expat I enjoy talk of falling OZ dollar and interest rates, 30% payrise over the last 6 months. Doesn't quite make up for the past few years but welcome.At present we are battening down the hatches, creating good buffers for possible difficult times. A year or two should provide clarity and a brief slow…[Read more]

Hi all,Have resided in Dubai for almost 11 years and although we have a number of commercial and residential properties in OZ and NZ – WE do not have any here.We are however surrounded by many friends and assocaites who have invested in Dubai. There has been fortunes made.Only my advise – now is the time to be very careful, this market is like no…[Read more]

Repeating myself from another subject but seems appropriate.Ahhh interesting times afoot.Lucky to be an expat I enjoy talk of falling OZ dollar and interest rates, 30% payrise over the last 6 months. Doesn't quite make up for the past few years but welcome.At present we are battening down the hatches, creating good buffers for possible difficult…[Read more]

1508 – wealth score is good to get a feel for your progress should you keep the results. For actual results I have always kept my own 6 months Income Statement and Balance sheet – vital to all in this game and quite satisfying and revealing to occasional sit and reveiw your progress over the years – good and bad.As LA Aussie suggested, no p…[Read more]

Hi Erik, ( From another expat )Well done, looks like you have built a nice future for yourself and the family. We too have been debating the cashflow versus LOE.  Having built a predominently commercial property portfolio we are now 5 years away from our planned retirement date and in a quandry. Pay down the commercials and pay the tax man his…[Read more]

Hi Robyna,Exciting times, lots of equity to expand your capital base.Nice reply from Trakka.

Thanks guys,In answer to your questions Elka, at this stage our properties in OZ are all in individual names. The trust in OZ is to be set up in order to alleviate possible complications from the kiwi side, when we return to OZ we have been advised that the KIWI IRD may consider the trust non conforming ( No NZ based settlor ), very unpleasant…[Read more]

Looked as if we would sell our commercials from trust to our individual names in NZ but latest advise ( had heaps, often conflicting ). Appently we should retian the company trust arrangement in NZ and set up a similar stucture in OZ and have it as a beneficiary to the NZ trust.Any comments or thoughts??

Hi all,Word of caution on NZ, get good advise on your structure. I am more than likely, shortly,  to sell my commercials in NZ back into individual names, BUT – thats because I have a NZ comp/trust structure, which it appears I will be punished for tax wise, when I return to OZ. My point is, that if your Aussie, keep your structure Aussie. And i…[Read more]

Purely on the topic of LOC, can someone explain in detail their negative thoughts, rather than sweeping statements.We have 3 properties on a LOC and when the time is right will revalue to increase the limit to make another purchase. As far as I am aware, as long as we stay within the 20 equity /  80 loan ratio, we can continue indefinately (…[Read more]

Hi Benelly,
Have just been in contact with Maroochy Shire about similiar.
We were zoned ” Precinct 10 Sustainable Rural Residential”.
Didn’t mean much to me but you can look at the your local council website, there will be a link to the future plan for the area. Best is to go to contact, you will find your way to a selection – say building…[Read more]