Property Investment Q&A

  • 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

  • Are there any cases where off-the-plan properties are good investments? read more

  • My investment property has been showing some cracks, so I got it looked at and it turns out that there’s quite a bit of subsidence, and it’s been recommended that I get some underpinning work done. I’ve got a couple of quotes and it looks like it’s going to cost me at least $20,000. How do I make this expense as tax efficient as possible? read more

  • Q: I recently decided to purchase a property, but pulled out of the sale when the building report came back. I only alerted my solicitor of this at the last minute on the last day, via email. However, my email account only sent it out the next day. Now my solicitor tells me I am bound to the purchase. Is this true? read more