Hi Maddy,

Make sure you build yourself a good team of related professions, including finance, solicitors/conveyancers/accountant etc. Get your finance in order if you haven’t already. A good broker will be able to set out a plan for your finance structure to make sure you first purchase helps the 2nd, 3rd, 4th and onwards by being placed with…[Read more]

By ‘Quick turnaround’ deals are you talking about flipping (selling) the properties post reno?

You may find with all the related govt charges and taxes, it’s a case of two steps forward, one step forward and would require immense effort to achieve the same result that growing a residential portfolio, then transitioning over to commercial could…[Read more]

The West Sydney market has already boomed heavily, I’ve had revals on clients properties rise 75-80k in one year in these areas (20%+ rises).

If you are concerned about yields, I would be looking interstate than Sydney at this time. Brisbane still shows growth potential and OK yields (after factoring the holding costs), Adelaide is chugging along…[Read more]

Agreed, the contamination ‘scare’ will die down, no one seems to care about similar issues in Brompton, just look at the development there.

I can’t see prices being too heavily affected in MP from the latest news, the area is quite hotly sought after, especially the developable blocks.

Unfortunately I’ve yet to meet a person with a 100% accurate crystal ball. :)

I’ve had a lot of clients buying in those areas recently, and I can understand why. Some of these properties are selling for discounted prices to what they had sold 4-5 years earlier, whilst rents have tracked upwards. Prices have been rising back up to make up for the…[Read more]

Sounds like a strong start.

What LVR are your current properties at?

You can generally brings these back up to 90% and use the funds to purchase again, between the two you may be able to squeeze out another cheap reno purchase. There is a lot of decent deals which come up in the 200-240k price range around the Christies, Hackham regions, but…[Read more]

Very hard to quantify, it comes down to what profit value any developer can derive from this deal. If I were in this situation, the best I would hope to do is work collectively in approaching a number of large developers with the ability to option contract the entire area – letting them know there are multiple parties being approached.

http://www.depreciator.com.au

I recommend them to all clients, highly regarded. They provide services Australia-wide. They provide a slight discount for people referred from our office, feel free to send me a PM if you’re interested.

Once the funds are used and balance owing, interest will accrue. As the loan would IO and on a monthly cycle, the next payment cycle interest would be charged.

Correct, and you’ll find the people using unit trusts in particular are using it to extend land tax thresholds, or JV’s.

Added you to the list. :)

I find the easiest way clients establish their strategy is to find their goal and work their way back. If you know where you are currently (start of the journey) and the goal (end of the journey), it’s a more manageable case of working out the easiest way of going from Point A to Point B. It’ll all come to you as time…[Read more]

Do you think you will buying a property in the near future? The valuation on the property is valid for 3 months, so if you do happen to put something under contract in that period of time, you don’t have to be concerned about your val decreasing and reducing the amount of funds available to access.

I find a number of lenders will accept a signed…[Read more]

Pretty uncommon for clients to purchase in a trust, less than 10% I’d say. Usually they are self employed and looking for asset protection, or income splitting in *some* cases.

Financing trusts isn’t that difficult generally, just an extra layer of paperwork and supporting documentation. Hybrid discretionary trusts have a very small range of…[Read more]

I think these guys built with Property Planet too!

Buyer beware. Generally this goes terribly wrong, as you’re both tied to the hip financially. What happens if one person wants to get sell but the other doesn’t, or if only one party wants to access equity for another purchase etc.

What if one partner gets a nasty ex who tries to take half of their share?

By both being on the loan, you are both…[Read more]

Hi Ty,

Details for the meeting:

Thursday 25th August, 6.30pm
Seven Stars Hotel, Angas Street

No need to feel overwhelmed, as we generally have a good range of people from complete newbies, to very experienced players, young and old. :)

Besides reading up on the books which help with forming a strong investor mentality, have a think about what…[Read more]

My understanding is that you also would have had to have claimed it as your PPOR initially at purchase, then move out at some point and rent for up to 6 years.

From a taxation perspective, the security tied to the debt is of no relevance, the key is the usage of funds.

With regards to paying down debt, are you saying that you are currently capitalising the interest? Capitalisation of interest is only allowable in very strict circumstances for taxation -be careful with this. Outside of what the ATO…[Read more]

Better upload a pic. It could either just be corner protectors for transport, it might actually be required to stay on. :)

Scrap the AC quote and have this quoted externally, generally will save 50%. Provide the receipts to the lender and in most cases they are happy to include it separately.