Investment Property Advice
No asset class receives more attention than property. You would be forgiven to think that residential property was the only type of property that existed in Australia. Admittedly strong property price gains over the last ten years have made owing an investment property a compelling argument.
But which property, what type of property, where should I buy it, should I buy it in superannuation, is it going to reduce my tax bill, is land tax an issue, what are interest rates doing, is the government going to take away some of the perks of property investing, have I missed the boat?
All of these are valid questions that shouldn’t be considered until you have equipped yourself with some knowledge and understand how owning an investment property is going to affect your personal situation. A strong property market fuelled by historically low interest rates has concealed a lot of property purchaser mistakes over the last decade. You need to understand the potential risks involved, how to mitigate these risks and why taking this risks on board may be beneficial to you before you begin looking at property.
Endgame Advice can help you in the following areas;
* Examine your situation and determine whether property investment is right for you.
* Evaluate alternative property investments and their applicability.
* Advise on what structure should be used to purchase the property.
* Explain the benefits and pitfalls of purchasing a property within superannuation and guide you through the process if suitable.
* Help you understand the costs and cash flows associated with investment property and whether you can afford it.
* Explain the tax consequences of negative gearing and whether it would apply to you and what you could expect as a tax refund.
* Prepare loan calculations and determine finance options, loan types and the optimum deposit size
* Introduce you to competent mortgage brokers and oversee your finance application.
* Prepare a property investment analysis schedule prior to and post purchase.
* Introduce you to relevant property professionals including Buyer's Advocates and Rental Managers.
* Referrals to property developers and specific property opportunities.
* Prepare Depreciation Schedules and liaise with your accountant to maximise your property deductions.