Mark Mendel (iBuyNew) replied to the topic Depreciation in the forum Help Needed! 9 years, 8 months ago
Hi Fudge111,
Residential buildings built after 17 July 1985 depreciate by 2.5% per annum of the original construction cost. This can be claimed for a total of 40 years with year one providing you with the highest claims.
Because you receive the most depreciation in year one, buying a brand new property or a property off the plan allows you to…[Read more]
Mark Mendel (iBuyNew) replied to the topic Opinions on fixed loans in the forum Finance 9 years, 8 months ago
I would agree with Corey. It all depends on your situation and how much risk you are prepared to take. If you prefer to know exactly what you will be repaying each month then you might prefer a fixed rate loan.
At the moment, interest rates are very low so it makes a great time to fix your loan. Also, if you have many IPs then having a fixed…[Read more]
Mark Mendel (iBuyNew) replied to the topic Investing in resort apartments in the forum Help Needed! 9 years, 8 months ago
Hi Vincenza,
It is important to do your research, no matter what you choose to invest your money in. In this situation, you should be taking into consideration areas where high growth is expected (capital gains potential), as well as looking for areas with high rental income and taking note of the area’s vacancy rates. The higher the vacancy r…[Read more]
Mark Mendel (iBuyNew) changed their profile picture 9 years, 9 months ago
Mark Mendel (iBuyNew) replied to the topic Interstate Investing in the forum General Property 9 years, 9 months ago
Hi Richard,
There is actually a huge difference between buying a property that is OTP and one that is completed.
If you buy OTP, you are not required to service a loan for 12-24 months. If you buy a property that is completed you need to service the loan straight away.
If you buy OTP, you can take advantage of Government Grants around the…[Read more]
Mark Mendel (iBuyNew) replied to the topic Interstate Investing in the forum General Property 9 years, 9 months ago
Hi Richard,
Buying properties Off the Plan has many advantages compared to buying established properties. Some of the main advantages include higher tax deductions and depreciation savings, reduced maintenance costs, higher rents due to many tenants preferring new property; long construction time allows for capital gains to occur whilst you are…[Read more]
Mark Mendel (iBuyNew) replied to the topic Interstate Investing in the forum General Property 9 years, 9 months ago
Hi simpanteli,
You are quite right in thinking that about the Sydney property market. At the moment property prices are quite inflated due to Sydney being at the peak of the property clock so it is hard to find an affordable property that will provide high growth and high rental returns.
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it is also important to…[Read more]
Mark Mendel (iBuyNew)‘s profile was updated 9 years, 9 months ago
Mark Mendel (iBuyNew) became a registered member 9 years, 9 months ago