Melbourne Residential Investment Specialist
The right investment property needs the right loan structure and banking setup in order to be ultimately effective.
There are a number of traps that first-time investors fall into. Ensuring that the right people are around you to make sure the little things are done correctly is paramount. Offset accounts, locking in rates, depreciation schedules, buffer accounts, maintenance allowance, tax variations, ownership split optimisation and a varied range of loan products are some of the tools a knowledgeable investor can use to make the process as smooth as possible.
Savvy investors know that tax minimisation strategies are a key consideration when engaging in property investment within Australia. By understanding the rules that have been put in place by the Australian Taxation Office (ATO), an investor is able to maximise the advantages.
Efficient loan structuring is a commonly overlooked and rarely understood topic that can have a big impact on your level of risk, the tax you pay, your cash flow and have an impact on future financial decisions. There are no tricks, just a number of options that an investor needs to be aware of.
Paying off your mortgage (and other non-deductible debts) faster can be achievable for many if they get the right advice. Understanding the process of using ‘good debt’ to pay off ‘bad debt’ is becoming more and more commonplace as many investors have started to unlock the opportunities that present themselves through our tax system.
Taking control of your superannuation is becoming increasingly popular in Australia through establishment of a Self-Managed Super Fund, particularly after the underperformance of super funds in recent years. Since 2007, borrowing inside a SMSF to purchase a property has allowed Australians to shield themselves from the share market and take retirement into their own hands.