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Hi,
We’re on our third Australian Trust across 5 doors and have found that the structure does what it says on the box.
New loans are considered on their own merits, so the neutral / marginally positive cashflow situation of prior trusts do not adversely affect a new loan application.
Losses can be rolled to next year.
Profit disbursements can be strategically positioned to minimise tax.
Thanks Steve for the advice.
PS: it’s better to find a broker that specialises if a trust is through Superannuation, because there are added complexities in the loan application
Hey Benny,
Thanks for your thoughts.
It’s Carnegie, Melbourne, VIC. They are crazy about auctions down here. Only have a hammer….
Yes the agent was suggesting an auction marketing campaign @7k. Other agency commissions may be closer to 1%
The REA commission will only move $200 for each extra $10k that they can sell for. I personally don’t see a big incentive for a REA to work too hard to sell for a higher price.
I imagine that the REA roll their marketing campaign and then leave it to the auctioneer to excite the punters and live with the result.
