CASE STUDY – Investment property and ATO debt

Investment property and ATO debt

The client: Mr B (short for Be) runs his own glazing business. He owns his own home worth $700,000, with a mortgage of $450,000. He is seeking to buy an investment property, with a loan of $500,000.   The problem: He has already been refused by 3 banks (CBA, Westpac and Macquarie) because his ATO […]

CASE STUDY – Vacant land purchase

Case Study Vacant Land 1

Vacant Land Purchase – the clients: Mr A and Mrs A (not their real names!) run their own individually successful businesses. They also own a house each. Each house is valued at approx. $1.2m, and each mortgage is approx. $500K. They are looking to buy a vacant block of land to develop into their own […]

The Top 10 Mistakes When Choosing a Buyer’s Agent

Buyers Agents and pitfalls

In the intricate world of real estate, particularly when buying an investment property, navigating the market to find the perfect property can be a daunting task. If you are finding progress difficult and have realised that: not everything is online, not everything is clear or obvious, not all costs are included, and not everything you […]

A Pre-Purchase Property Inspection is a must!

The importance of a pre purchase inspection - termites

Pre-Purchase Property Inspection Our good friends at Resicert show you how to ensure peace of mind and avoid any post-purchase surprises. It’s taken a while, but you’ve found your dream doer-upper. It’s a little out of your pricerange, but you know with the refurbishments you plan to carry out that you’ll make akilling when you […]

THINKING OF BUYING AN INVESTMENT PROPERTY IN SYDNEY?

You don’t need a mortgage broker, you need a psychiatrist! If you bought a property in Sydney over 5 years ago, then you will probably only disagree with what you may read. You will doubtlessly point to the growth of prices as pure vindication of your genius and purchasing strategy. However, if you are just […]

RISING INTEREST RATES: THE FAT MAN’S DIET

There are two things you rarely see together – diets and economics. Diets are needed but rarely work long term by themselves. Economics always seems to have the answers works, but never before the fact. Economics is that most wondrous of lifetime pursuits that lends itself to an unending search for rational explanations of social phenomena. […]

CBA WOES: DON’T BLAME THE PLAYER, BLAME THE GAME!

We have to be concerned about the apparent lack of competition in the Australian Financial Services industry. The latest scandal to emerge from the industry – the allegations against Comminsure on the ABC’s Four Corners program – was instructive, not so much for any alleged wrongdoings by CBA, but more so the deafening silence from […]

IS NEGATIVE GEARING DEAD? RIP

The last week has seen much hand-wringing and harrumphing from many property quarters to politicians over the issue of negative gearing. There is much talk that the forthcoming Federal Budget will finally remove “negative gearing” from residential property. Many industry commentators have already primed their voices in anticipation- “The beginning of the end for property”, […]

RICH DAD, POOR DAD: WHICH DO YOU WANT TO BE?

You may have read the book Rich Dad, Poor Dad by Robert Kiyosaki. It’s certainly a good read and, while I wouldn’t agree with everything or even his thesis that your own home is a liability, there is much to be said about how we look at money dictates the responsibility we are prepared to take for our own […]