All Topics / Help Needed! / New Property Investment

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  • Profile photo of Dude_hiDude_hi
    Member
    @dude_hi
    Join Date: 2010
    Post Count: 1
    February 17, 2010 - 10:10 am

    Hi everybody, how are you doing? Just got hooked on this forum recently. Currently renting a property. Thinking of getting a property of late. Perhaps for investments purpose. Not sure how to start..

    Do you suggest that i take advantage of the FHOG or simply get it under investment… Are there any current perks or incentives?

    Thanks for now… Cannot wait to start investing. Cheers.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    February 17, 2010 - 10:57 am

    Hi Dude

    Firstly welcome to the forum and I hope you enjoy your time with us.

    I think if you do it propertly you can have the best of both worlds.

    I would look to take advantage of the FHOG and Stamp duty concessions whilst they are around and then after you have satisfied the criteria for both look to rent the property out.

    If you structure the loan so that it is interest only from day 1 with 100 % offset account then it will be both Tax effective and save you interest along the way.

    Richard Taylor | Australia's leading private lender

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