as westan says it will force people to either work longer or to find more income streams than they already have. More investors, probably likely to lead to higher housing prices
i wonder whether the difference in the reduction of income tax will be offset by the increase in CGT – wouldn’t this force people just to hold their properties even longer and thus push up housing prices again due to scarity?
Do you want to stay in Brisbane? Can you manage the difference in renting and mortgage? Are you liking to want to move soon? Are you really settled?
Renting offers the freedom of being able to move – whereas if you don’t like where you live (bought home) then you have to sell before you want to (maybe).
While there are tax benefits the main reason you want to buy IP would be building wealth and you have to look at a complete timeline of all the things you want to acheive and then this will give you greater clarity over which avenue is probably best.
Will higher interest rates affect you? Which way will they affect you the least? Which way the most?
lots of questions but the answers to which will help decide the best route for you
I’ve found that most rent increases if they have happened would be found at the lower end of the spectrum. i think they always look at the houses that would want to rent.
I think a fee of $1000 for a seminar is fairly cheap but sometimes one can go to too many seminars without taking the action – action needs to come otherwise the seminar can be wated for the person involved
Trust are good way to get into a sector and learn things without having to worry to much about the day to day running of it – investigation is the key – so many of these trusts have sprung up that you need to know their strategies and procedures for choosing their properties
A coach has so many meaning – i’m trained as a coach and so i can help you within yourself but i can’t legally give you advise i can only tell you that you are doing good (and i can do that too) – they would need to have some sort of training on top of the coaching to really offer advise otherwise they would be more a performance mentor
I thought that if it was to do with a non-investment asset then it couldn’t be claimed but it is because it is being used for a new investment that it is deductible?