# Property

# Property Investing

## Property investing considerations

<table border="1" id="bkmrk-pros-const-%22passive%22" style="border-collapse: collapse; width: 100%;"><colgroup><col style="width: 50%;"></col><col style="width: 50%;"></col></colgroup><tbody><tr><td>PROS</td><td>CONST</td></tr><tr><td>- "Passive" income
- Tax deductions if property is owned by a human and human is working
- Increase in property value, proportional to deposit
- Hard to go to $0 like stonks
- Can use proptery as collateral

</td><td>- TAX
- Strata (Tax deductable)
- Council Tax (Tax deductable)
- Mortgage fees (Tax deductable)
- Mortgage interest (Tax deductable)
- Water bills (Tax deductable)
- Repairs (Tax deductable)
- Land tax (If owned by a trust) (Tax deductable)
- Insurance (Tax deductable)
- Property management
- Stamp duty on buy
- Converyancer costs on sale

</td></tr></tbody></table>

## Property ownership

<table border="1" id="bkmrk-pros-cons-increase-i" style="border-collapse: collapse; width: 100%;"><colgroup><col style="width: 50%;"></col><col style="width: 50%;"></col></colgroup><tbody><tr><td>Pros</td><td>Cons</td></tr><tr><td>- Increase in property value, proportional to deposit
- No land tax
- No cappy gainz when selling
- Can use proptery as collateral

</td><td>- Strata
- Council Tax
- Mortgage interest
- Mortgage fees
- Water Bills
- Repairs
- Insurance?

</td></tr></tbody></table>

<div id="bkmrk-">  
</div>## Renting

<table border="1" id="bkmrk-pros-cons-no-water-b" style="border-collapse: collapse; width: 100%;"><colgroup><col style="width: 50%;"></col><col style="width: 50%;"></col></colgroup><tbody><tr><td>Pros</td><td>Cons</td></tr><tr><td>- No water bills
- No mortgage
- No landlord insurance
- No strata
- No council
- Not stuck in one place Cons

</td><td>- Can't capture increase in value
- Moving costs
- Can't put nails in walls
- Repairs can be harder
- Renters insurance

</td></tr></tbody></table>

# Moving addresses

## Chang address for

- Banks
- Gov services (drivers license, ato, medicare, electoral comission)
- library card
- Services (gas, electricity, water, internet, mobile phone)
- Car insurance
- Accountant
- Toll
- Super
- Utilities (Internet, water, gas, electricity)

# Buying & Selling

### Buying a property

General Steps

1. Hit up a mortgage BROKEr
2. Building inspection (Pest, mould, foundation)
3. Use conveyencer to look over sales contract
4. Find place and put offer in

Check before getting interested

- Is the property in a flood zone

Check before deposit

- Drain in laundry
- mould, pest, rot building checks
- Age of building
- What keys are available for locks including garage, storage, laundry

### Selling a property

<div class="c-item" id="bkmrk-general-steps-hit-up"><div class="c-item-body">General steps</div><div class="c-item-body">1. Hit up sales agency and let them know you want to sell
2. Hit up conveyancer to write up a sales contract
3. Wait

</div></div><div id="bkmrk-">  
</div>### My Checklist

- Internal Laundry
- Good size car spot
- Solid walls (check laundry and behind things for rot)
- Drain in laundry
- Aircon
- Bright lights / natural light
- Low strata &amp; council rates
- Smoke alarm last check date
- Paint work
- Floor quality
- Kitchen cupboards
- Stove fan