Property Investment Q&A

  • We’re looking to get an investment property and are thinking Warrnambool, Vic. Some houses there are ex-commission selling at a cheaper rate. They’re in decent knick, but I worry that the value will be stagnant compared to other houses in the area. Can these types of houses be good investments? read more

  • A week before we were set to settle on a property, the seller died and my solicitor told me the settlement would be cancelled. We could just walk away, but we considered the sale a done deal and bought materials for a sizeable renovation. What are our options? If we do decide to walk away, how can we speed up the return of our deposit? read more

  • I’m married with three children and looking for my first investment property. We’re both self-employed and own our home outright, worth $450k. I have a deposit of $120k and pre-approval of $400k. Knowing this information, would a buyer’s agent be beneficial? read more

  • I want to buy an investment property with two good friends of mine. We’re thinking of setting up a Joint Venture (JV) arrangement. What’s the best way to establish a JV trust? What should I know before I commit? read more

  • The house next door to our property has been sold and the new owners recently told us they will demolish a garage that makes up part of the barrier between our lots. I have no issue with them doing this, but they want me to pay half the cost of building a new fence where the garage wall now stands. What are my rights if I want to contest this? read more

  • My wife and I want a second investment property. I’m looking at putting it in my name only. Is this beneficial for tax purposes? Also, which investment property type gets the highest return at tax time? Should we get an established house or something that has just been built? I’m not sure which brings back a higher depreciation. read more

  • We signed a contract of sale at an auction that was subject to a building inspection. There was no cooling off period, but the contract included a clause saying that it could only be ended if 'major structural defects' were found. But what constitutes a 'major structural defect'? We want to terminate the contract. What are our options? read more

  • I recently found a great property, but it’s been on sale for over 200 days, despite being only $350,000 and in a popular suburb. There doesn’t seem to be any serious structural damage, but could there be something I am overlooking? Could a great deal like this really have been ignored by the general public? read more

  • I own a Sydney property, but there seems to be no consensus on its value. I’ve had multiple professional valuations done and they’ve returned figures that differ by as much as $100k and no one’s explained why. How come these valuers can’t be made to justify their “professional” opinion? read more