Should clarify that family trusts are if the scenario is you run your own business for profit distribution only.
Can’t do that if your drawing a PAYG salary and is only a general tax minimization suggestion on overall income.
Again as I dont have enough info to be specific just offering up ideas.

All scenarios should be run through a proper tax…[Read more]

We targeted the western belt of Melbourne also as our investment spot from Newport –> Sunshine. That was approx 16 months ago, and back then you could still get decent property for $350-$600K. Today the prices have shot up somewhat. I think Sunshine might be your best bet.

For 340K you will find 1 bed apartments, real small 2 bed apartments, and…[Read more]

Hello there. You have not provided enough information to comment properly e.g. How much income does the household bring in, do you rent the investments and are they positive and do you accrue a healthy amount of savings interest?

This is not necessarily comments just for property. More so overall tax minimization.
Suggestions are still based on a…[Read more]

We can tell you what we would do or specifically what we did in the same situation with roughly the same money.

– Buy a 1 Bedroom Unit, that is approx 10-15KM from a major city that is at least 50squares. = Buy this outright or as close to it as possible for $185K. The Unit you purchase should return a rental income of at least $180-220 per…[Read more]

Hello there.
Sounds like we have a similar profile then. Same salary (yours is a little more) also in Melbourne.

Anyways we invested in property for the same reasons that you are doing it now.
To cut a long story short we now have 5 properties and pay 1% tax (well for this year anyway)
We opted for the western belt of Melbourne as the best…[Read more]

Hey guys.
Been away on leave.
email me if you want material. I have written up a bunch of notes to clarify property purchasing.
[email protected]

I will email you what I have.

Hey There,

My Neighbor just restumped thier entire 3 bedroom house for a grand total of $6200
I have no idea if this good, but I would err on the side that this is an awesome price based on the fact that I hunted for a tradie to restump just my water damaged bathroom. Of 3 official quotes the lowest price I got wuz $6000 (seriously water damaged…[Read more]

Totally agree. Banks cannot be trusted on any level to assist properly from giving answers to processing paperwork to sending packages on time. It doesn’t help that the banks usually don’t talk to the buyer during settlement, they only want to talk to solicitors which complicates the matter even further.

This time round I spoke to a dozen…[Read more]

I bought PIA didn’t help. Never tried Posh
I ended up building my own property management system.
Would love to show you but have not worked out how to put images into this forum yet.

Your math is too simplistic to make the judgement right now.

Things that I would do if I were you.
Check with a few agents in the area, and get feedback as to what your place will sell for.
Specifically nominate in your mind what you want for it if sold now and check if it is viable with the agents in your area based on todays market.

Get an…[Read more]

AndrewH wrote:
What is better/cheaper and if cheaper how much more cheaper. If i search for a peace of land Obtain a construction loan allocate builders/brick layers etc. Once its all built Sell it, and pay off the bank and keep the profit for the next investment.Am i missing something here?Whats the ups and downs I dont care about the running…[Read more]

If your objective is tax savings, then buy it in your name, as your name is where the salary lands and where the income tax occurs.
If your objective is to minimize your tax, then focusing on expenses will do little to dent the tax you pay.

From what I understand, as long as the property is earning an income, the expenses are deductible on that…[Read more]

Catalyst wrote:

PC_Melbourne wrote:
Well we only started last year. Can give you our opinions on these topics: 1) Using Investment Companies – Not a big fan. Heard stories of companies going under and taking investor $$$ with them. Generally prefer to be in control my own money and decisions. 2) Big fan of off the plan purchases (Plenty of…[Read more]

We just crossed the same bridge for our property in Melbourne.
We were originally looking a simple water feature, but then we figured why not make the water feature functional too.
We battled with Pool vs Spa, but pools just wound up too expensive. The cheapest we could find after some serious bargain hunting was approx 20-25K for a small plunge…[Read more]

Well we only started last year.
Can give you our opinions on these topics:

1) Using Investment Companies – Not a big fan. Heard stories of companies going under and taking investor $$$ with them. Generally prefer to be in control my own money and decisions.

2) Big fan of off the plan purchases (Plenty of research and careful buying of course)
-…[Read more]

Technically if you moved out, and it has not earned a dollar since you moved out.
It has never been rented, and therefore never been an Investment Property.
As long as you have not purchased another PPOR then this one is still your PPOR? and therefore CGT exempt anyway.

If you don’t mind me asking. What is the suburb? I find it incredible that 2…[Read more]

domma55 wrote:
Thanks for the comments,I have a basic plan in that i'm after a 3 to 4 bedroom house in Palmerston, NT.  I have narrowed it down to a few suberbs which i have been monitoring for probably six months or so and know the areas well. I intend to make it my  PPOR.   I'm not interested in auctions at this stage.   I will be getting pre…[Read more]

Pre Preparations
– Have Conveyancer
– Know that you can get finance.

When you make the offer, and assuming vendor accepts.
You sign a contract of sale – On the contract of sale you need to nominate your conveyancer.

Would be wise if you had pre-approval sorted in writing from the lender.

If you sign the contract on an established house, the…[Read more]

Thanks guys. There are reasons to the madness.
The house is built on a new estate on a semi slope peak. Very muddy, and quite steep from the house to the boundary of the garden.

I had the option of doing a cheap landscape, but that would really just entail a fence with back garden that had a way steep slope. Whilst the cost of the landscape would…[Read more]

There really isn’t enough info here, but starting numbers on a $250K property would be approx:

– Deposit – 20% = $50,000
– Stamp Duty – Varies by State – I’ll use Vics just for Jollies = $10,070.00 (Will also vary depending on whether you buy off plan or establshed)
– Conveyancing Fees – $400 – $600

Starting numbers to aim for is probably $62K…[Read more]