Hi QL,

I have a good solicitor in Collins Street that I use. Happy to send you a PM if you are interested.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Hi Xenia,

The definitions are actually the reverse. Positive geared is where the property pays for itself from day one without any tax breaks. Positive cash flow is where the property makes a loss, but with on paper deductions turns a profit.

Hence -ve geared – loses money; +ve geared – makes money; positive cash flow – makes a loss but can…[Read more]

Hi Daniel,

Any financial institution will be able to give you an idea of your borrowing capacity. Just go and talk to them to gain a greater understanding of your overall position.

I agree with Mark. If you are currently living at home (so one assumes not having to pay rent, perhaps just board) you are in the ideal position to start your…[Read more]

Marisa,

Get advice about setting up a trust.

My understanding re costs to transfer existing properties to a new trust is you will incur a fee to establish the trust (will differ depending on whether you are doing so to an individual or via a company), then for each property you need to transfer over you are hit with Capital Gains tax (if…[Read more]