- 9 July 2016
Tips For Investors
It now seems inevitable that there will be changes to negative gearing – regardless of which political party seizes election day. With this in mind, here are some tips to ensure that you are one of the winners:
- Complete a Financial Wealth Check now to determine your current borrowing capacity.
- Re-assess your long term investment plans (update your FIDO with your Property Mentor).
- Fast forward your next property purchase to ensure you lock in the Grandfathering provision on negative gearing.
- Evaluate your overall portfolio, and the allowable negative gearing for future purchases (after changes take effect) for either scenario.
- Constantly check your properties’ rent to ensure it keeps pace with current market rents.
- Sign up to Kevin’s Rate Club to get his regular updates on interest rates. Simply email virginia.bergman@propertyclub.com.au and she will add you to the mailing list.
I Love Property!
Kevin Young Club Founder
Related Posts
How Roger Galway Turned the ATO into His Side Hustle
When most people think about building wealth, they picture grinding through long hours, promotions, and maybe a few smart stock picks. Roger Galway had a different idea. Two decades ago, he realised the nine-to-five grind wasn’t going to cut it. So he started buying property. Now, he owns nine of them across...
No Storm Surge Here: Brisbane’s Budget Holds Steady for Investors
In the wake of ex-Tropical Cyclone Alfred, which brought Brisbane its wettest day in 50 years with over 420mm of rain in some suburbs and winds reaching up to 60 km/h, the city faced significant recovery challenges. Despite the extensive damage, including power outages affecting over 56,000 homes and businesses,...
Stamp Duty Doesn’t Have to Hurt — Here’s Where It Doesn’t
Stamp duty isn’t the most exciting part of buying property, but it can seriously shape what you can afford and how quickly you can grow your portfolio. A national report by SQM Research for the Real Estate Institute of Australia (Stamp Duty: The Relationship to Australian Housing Affordability and Supply, October...