yes i agree – any tax benefits are great – wasn’t sure if some structures allowed personal tax benefits e.g. coys. Apart from using discretionary family trusts does anyone have a view on other vehicles to use?

car spaces have doubled in price in the last 5 yrs around the cbd, i’m not saying that this will happen over the next 5 yrs however – even if you took a conservative 5% p.a. growth plus the 3% yield you will still outperform cash – unless you put in Terryw’s bank

thx NZ Mortgage Broker and Ibuycashflow – will check out.

Shane g/Yorker – the spaces are managed by Securepark on a 5 by 5 yr lease with g’teed net rental of 3% (CPI increased annually). After 5yrs you can do what you want i.e. renew lease at whatever they are offering, use it yourself, rent it yourself privately. They are individually strata titled and can be sold at any time. 10% down now with settlement in 18mths when the refurb is complete (Abigroup doing the work). Not many people lend against them – Westpac will do a 50% LVR. They are in the old Harris St Car Park in the Goldsborough building, Darling Harbour – there is a residential refurb going on at the same time – car spaces being reduced from 1600 to 400 odd. I bought them for capital growth reasons.

thx Yorker – I have recently bought two for $56k a pop, settle in 18mths – as a guide I used the fact the car space on my Sydney unit was worth $25k 5 years ago when I bought it.