Yong-Long Lai

Here is a list of things to consider when purchasing property, especially investment property

Start Up Cost

• Stamp Duty ( ACT Revenue Office)
• Legal Fee (Conveyancing)
• Lender’s Fee (Bank Application Fee, Mortgage Stamp Duty)
• Property Inspection (Not Really Needed For Newer House)
• Pest Control – BudgetPestControl
• Depreciation Schedule – Deppro

Useful Resources

• Tax Consideration (ATO) – The Rules
• Increase Your CashFlow – Variation Of PAYG
• Know Your Tax Rate – ATO
• Property Sourcing Agent (Melbourne) – mCorp
• Property Analysis Software – PIA
• Mortgage Broker – Investor Finance

Grants – Free Money

• First Home Owner Grant
• First Home Owner Rate of Stamp Duty
• Home Buyer Assistance Fund

All investors MUST get a depreciation schedule for their investment property! This is a MUST, if you don’t you are literally throwing money away!