Property

Property Investing
Property investing considerations 

 

 

 

 PROS 

 CONST 

 

 

 

 

 "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  

 

 

 

 

 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 

 

 

 

 

 

   

 Property ownership 

 

 

 

 Pros 

 Cons 

 

 

 

 

 Increase in property value, proportional to deposit 

 No land tax 

 No cappy gainz when selling 

 Can use proptery as collateral 

 

 

 

 

 Strata 

 Council Tax 

 Mortgage interest 

 Mortgage fees 

 Water Bills 

 Repairs 

 Insurance? 

 

 

 

 

 

 

   

 Renting 

 

 

 

 Pros 

 Cons 

 

 

 

 

 No water bills 

 No mortgage 

 No landlord insurance 

 No strata 

 No council 

 Not stuck in one place Cons 

 

 

 

 

 Can't capture increase in value 

 Moving costs 

 Can't put nails in walls 

 Repairs can be harder 

 Renters insurance 

 

 

 

 

 

   

   

   

   

   

  

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 

 

 Hit up a mortgage BROKEr 

  Building inspection (Pest, mould, foundation) 

 Use conveyencer to look over sales contract 

 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 

 

 General steps 

 

 

 Hit up sales agency and let them know you want to sell 

 Hit up conveyancer to write up a sales contract 

 Wait 

 

 

 

 

 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 & council rates 

 Smoke alarm last check date 

 Paint work 

 Floor quality 

 Kitchen cupboards 

 Stove fan