Today is another of our popular question-and-answer shows where Ken Raiss, Brett Warren, and I answer a wide range of questions asked by the participants of a recent webinar.
We answered questions about why the Melbourne property market is currently underperforming and when to expect it to turn around, there are a number of questions regarding the land tax, we talked about rentvesting, where the best place to invest in Australia is at the moment, ownership structures and much more.
I’m sure as a property investor you’ll benefit from listening to today’s show.
Expert advice for Australian property markets
Listen in as we discuss:
- The Melbourne property market's current performance and future outlook
- Claiming the interest on drawn-down funds during construction as a tax deduction
- Strategies to optimize cash flow amidst rising land taxes and stringent regulations
- Protecting your property from tenants and property managers
- The benefits and challenges of rent-vesting for younger generations
- Importance of securing a top-notch property manager and landlord insurance
- Recent shifts in land tax policies across Queensland, Victoria, and New South Wales
- Tips for choosing between houses with substantial land content and units/townhouses
- Transferring property to children and the tax implications of doing so
- Using equity effectively in current lending environments
- Recommendations for investing $600,000 in Melbourne, Brisbane, and Adelaide
- Common mistakes in tax claims and converting owner-occupied properties to investment properties
- The process and tax implications of transferring property from a Self-Managed Super Fund (SMSF) to a beneficiary
As the episode progresses, we share our thoughts on various property investment strategies, including the timing of property sales, market conditions in Western Australia, and the importance of integrating advice from property experts and financial planners.
We also touch upon practical tips for property management and development, providing you with a comprehensive understanding of how to make informed decisions in today’s real estate market.
Links and Resources:
Why not get the team at Metropole on your side to give you holistic property and wealth advice– find out more here
Brett Warren - National Director Metropole
Ken Raiss, director Metropole Wealth Advisory
Have a chat with Ken Raiss and the team at Metropole Wealth Advisory to secure your financial future – click here
Get Ken Raiss’ report: Your Guide to Understanding Ownership Structures & Trusts – just click here
Get your bundle of E-books and resources as my gift for subscribing to this podcast www.PodcastBonus.com.au
Also, please subscribe to my new podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Some of our favorite quotes from the show:
“When there's a couple of rate cuts and confidence returns, Melbourne will turn around. Just remember what happened in 2019. And then again in 2020.” - Michael Yardney
“I used to jokingly say in Sydney there are some houses that have magnificent views of the Sydney Harbour and the bridge and other houses on the other side of the street that have magnificent views of the houses that got magnificent views of the Harbour and bridge.” - Michael Yardney
“The money market, the big money, believes interest rates are going to fall at the end of this year and fall three times into next year. The money market is all the big institutions who are hedging their money.” - Michael Yardney
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