Forum Replies Created
My accountant….whom i believe to be very good suggested that CF+ properties may be difficult to find and in my situation I should be looking for Postive Funded properties…..
This where the depreciation brings you into positive territory…..You can also use a tax method (I think it is called a section 64?) where the the depreciation can be returned to you thru your weekly salary….this means you pay less tax weekly but do not get the lump sum return at the end of fin year….
This is beneficial if you direct the difference strainght to your mortgage. It is a diseatsre if you do not….So I’m looking for
- new property already built rather than off the plan (pay stamp duty BUT I see what I am getting)
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in a historical “blue chip” area (pref within 15k of CBD)
- [*]
Historically strong rentalmarket
Historically good cap growth.
Regards
TeteI think The Sunday Age give a regional breakdown of prices ….i.e north, north west etc….
REIV give a broad summary of prices on a weekly basis for victoria…
Try How the stockmarket really works by Martin Roth….or better still go to http://www.investorweb.com.au….
Tete
Tom,
Take a stroll down Swanston Street carlton (the uni precinct) and have alook at all the empty blocks of land that have been boarded up….One gues what they are going to be….These shoe boxes can only be used as student accommodation and not as anything else so you are reducing your flexibility….Have said that Australia is seen by Asia as a great place to get an education and Uni’s will become increasingly aggressive in attracting Full Fee paying O/S students….
But this form of property investment is one of select few which is affected by health / disease risks…the last outbreak of Asian Chicken fever or flu or whatever it was called (about 3 years ago) really hurt the education sector because FF paying students numbers dropped by about 60%.
All things to think about.
