Property Investment Q&A

  • 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

  • Q: I’ve just secured a house on a block large enough to subdivide into two units. I’m unsure, however, if I should merely hold on to it or start developing now. My main issue is that I don’t know where to start with getting funding. How can I convince the bank to lend me money as a first-time developer with no successful projects behind me? read more

  • I own a three-bedroom, two-bathroom house in Sydney, but my finances are thinning and I am struggling to find a good, long-term tenant. What are some tips on locating, securing and maintaining a tenant? read more

  • Q: My husband and I have been looking at home loans. We’ve noticed that fixed rates are looking good at the moment. We’re happy with our investment property and want to hold onto it indefinitely, the repayments are more than manageable and our LVR is pretty safe at around 70%. We’re therefore not too concerned about break costs. Are there any other issues that we need to bear in mind when considering fixed versus variable at the moment? read more

  • Q: My husband and I are in WA and want to buy an investment property. We are exploring the idea of buying interstate, but worry that buying sight unseen could be too much of a risk. What’s the best way we can go about our research in an unfamiliar market? read more

  • Q: My current PPOR was purchased in 2007 for $300,000, with a loan value of $200,000. I’m now building a new home that costs $600,000. I’ll use my first home as an investment property, and move into the new house soon. In the meantime, a valuation on my first home came back at $450,000 and my borrowing limit is $360,000. With this in mind, how can I best claim tax on interest payments and what precautions can I take? read more

  • Q: We’ve turned our PPOR into an investment property and moved to a rental property closer to work. My understanding is that we can sell our property within six years of first renting it out and still benefit from its capital gains tax exemption as our PPOR, but what will happen if we decide not to sell and move back into the property to preserve its status as our PPOR? How soon after moving in can we sell without having to pay CGT? read more