Personal or Company?

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Um – depends. Personal is simpler, cheaper (you already exist!) and unfortunately more susceptible to loss. Apparently worldwide NSW is the third most litigous (spell?) state after California & Texas, and Queensland is sixth – food fo thought. Therefore, if you are v serious about accumulating property assets, and face it thats the name of the game … then talk to an accountant about discretionary trusts with two-dollar shelf company as trustee & you as Director – costs about $2K to set up. Upside is assets are seen to belong to a crowd hence while lenders will always have security on the actual bricks & mortar & can reclaim them for payment defaults, someone trying to sue you because they tripped over in your front yard or equally lame, the lawyers know they cannot prove you have direct ownership of assets held in trust & hence won’t bother trying to sue you.

The middle class dream is to proudly own a few properties, the rich own nothing & live in the lap of luxury – I pick option (b) !

Sory for being wordy -hope that helps.

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Mel

All the text I’ve read recommends that you should not purchase any appreciating assets under a corporate structure because of the lost of 50% CGT exemption
U then will have to look at if u want asset protection or tax shelters before u decide to invest under your name