BUSINESS PARTNER TESTIMONIALS
Clem’s career has been built on meeting the needs of clients throughout the district and across parts of Australia.
His clients are diverse and are looking for a service that delivers a superior investment experience. He works with them on strategies that improve and enhance their portfolios, including a detailed analysis of their existing properties & recommendations.
Clem has developed an extensive range of experience in consultancy of all types of property specialising in the residential market across Australia.
Clem’s exceptional interpersonal skills, intuitive intelligence and positive attitude results in his clients investing their full confidence in him, knowing he will deliver outstanding results throughout the process which involves all aspects from education, mentoring, and ongoing support.
He inspires great confidence in his clients with a mature businesslike approach and extensive experience in the property market. Clem is always willing and completely committed to going that extra mile, in delivering the best possible customer service experience.
If you’ve owned your own home for a few years, you could have built up quite a bit of equity in your property. Equity is the value of an asset not subject to any lender’s interest. For example, a property worth $500,000 with a mortgage loan of $150,000 has equity of $350,000.
Instead of finding a cash deposit to buy an investment property, you could use this equity as the deposit.
Investment properties have many benefits when building long-term wealth. If you take the time and select your investment properties well, property can deliver good returns for long-term investors.
And the bonus ability to leverage with banks for further investments.
A property is negatively geared when the costs of owning it – interest on the loan, bank charges, maintenance, repairs and capital depreciation – exceeds the income it produces. Simply put, your investment must make a loss before you can claim a tax benefit.
You can also positively gear a property. This occurs when the investment income exceeds your interest expense (and other possible deductions). Note that you may be subject to additional tax on any income derived from a positively geared investment.
Every investor asks me this question first. They want to know the best place to buy right now! It is no secret that smart investors look for the drivers of growth first, rather than looking at historical suburb statistics, as they want to buy before the growth happens.
The main drivers of growth are based around population, infrastructure, employment and the supply/demand dynamic. Then the location and lifestyle factors such as proximity to amenities, services, transport and schools are considered. Find the right area first that will give you the capital growth, then lastly look for a property that meets your criteria.
The best time to invest is always right now if you are financially ready, have selected your strategy and have a plan to follow. The Australian property market has been consistently growing over the years despite the many ups and downs in the economy, the global financial crisis, recessions, interest rate rises and falls, and changes of government to name a few.
Waiting for the “right” time to invest can lead to chronic procrastination and hold you back from achieving your dreams of wealth through property. If you don’t have the time to do the research, or you have no experience, find someone who can guide you.
Good tenants come in all shapes, sizes and age groups. The best tenants are those that want to live in that location, that pay their rent on time, and look after the property. The TICA database is the largest record of tenants in Australia, so if the tenant has a bad history then your property manager will find out when assessing the application.
Managing a property yourself may appear to have some savings on management fees, but a professional property manager knows the Tenancy Act and does regular inspections to ensure the property is being looked after. They handle the day to day of managing your property so that it is a hands off investment for you. In the unlikely event of a bad tenant experience make sure you have Landlords Insurance in place to cover any damage or rent default.
Absolutely, Southern Cross Property Advisers offers a truly value-focused service representing buyer’s interests when purchasing a property, we offer an end-to-end service that takes the pain out of property investing, we research, locate, inspect, evaluate and negotiate to secure you, the buyer, with the best deal.
The answer will vary for each client and will need to be established based on your individual circumstances. You should obtain professional accounting, superannuation and taxation advice in relation to any proposed purchase of property and investment in property by any trust, fund, including but not limited to SMSF’s.
The amount will depend entirely on your investment strategy, the purchase price of the property and your borrowing capacity. We would recommend having roughly 20% in cash or available equity to purchase a quality, well located investment property, however clients can invest with less funds.
The length of time a rental property is on the market will reflect how it is priced to comparable properties, how it is presented to prospective tenants and the demand from the market for properties such as yours. If your property is vacant it may require a different strategy to that of a property with a tenant already in place in order to minimise vacancy periods.
There are few differences between what you need to do to borrow for a property you’ll live in and for one you’ll rent out. Some lenders charge a higher interest rate for investment properties because their risk may be higher. But this may not necessarily be the case.