# Property & Cars # Property # Property Investing ## Property investing considerations
PROSCONST
- "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
ProsCons
- 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
ProsCons
- 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 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
General steps
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
### 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 # Cars # Buying tips # Car Buying Tips (Australia) A beginner-friendly checklist for inspecting and test-driving a car before you buy. Print it or open it on your phone and tick things off as you go. --- ## Before You Inspect the Car These steps protect you from buying a stolen, written-off, or finance-encumbered car. - **Run a PPSR check** (Personal Property Securities Register) — costs about $2 at [ppsr.gov.au](https://www.ppsr.gov.au). You need the VIN. It tells you if there's money owing on the car, if it's been written off, or reported stolen. Do this **before** you hand over any money. - **Check the rego status** for the state the car is registered in (free on each state's roads/transport website). Confirms the car is currently registered and matches the seller. - **Match the VIN** on the car (usually visible at the base of the windscreen and on the driver's door frame) to the rego papers. If they don't match, walk away. - **Ask for the service history / logbook**. A car with stamped servicing is worth more and is less risky. - **Look up the ANCAP safety rating** at [ancap.com.au](https://www.ancap.com.au). Aim for 4 or 5 stars if it's your daily driver. - **Get an insurance quote** before you buy. Some cars are surprisingly expensive to insure, especially for newer drivers. --- ## Things to Check on the Car ### Tech & Connectivity - **Apple CarPlay / Android Auto** — actually pair your phone in the car. Test wired *and* wireless if it claims wireless. - **USB ports** — count them, note where they are, and check whether they're USB-A or USB-C. Test the front and rear ones. - **Cruise control** — does it work? Is it adaptive (follows the car in front) or standard? - **Bluetooth** — pair your phone, make a test call, play music. - **Reversing camera and parking sensors** — clear picture, sensors beep at the right distance. ### Convertibles / Soft-tops - **How to put the roof up and down** — get the seller to show you, then do it yourself. Listen for grinding or hesitation. Convertible roof mechanisms are expensive to fix. - Check the roof seals for leaks or wear. ### Storage & Practicality - **Glove box** — opens, closes, latches properly. Check inside it (some hide service records or fuses). - **Centre console / cup holders / door pockets** — fit your phone, water bottle, and whatever you actually carry. - **Boot space** — does your usual gear fit? Pram, golf clubs, surfboard, weekly shop? - **Spare tyre** — open the boot floor and check what's there. Many new cars come with: - A **full-size spare** (best), - A **space-saver** (temporary, limited speed/distance), - A **tyre repair kit** (just goo and a pump — useless for sidewall damage), - **Nothing at all**. Confirm this matches what you expected. - **Cargo cover / parcel shelf** — present and not damaged. ### Tyres & Wheels - **Tread depth** — the legal minimum in Australia is 1.5mm. Use a 20-cent coin: if the platypus's bill is fully visible, the tread is getting low. - **Date code** on the sidewall — a 4-digit number (e.g. "2823" = week 28 of 2023). Tyres older than ~6 years should be replaced even if they look fine. - **Even wear** across all four tyres. Uneven wear suggests alignment, suspension, or balance problems. - **No bulges, cracks, or cuts.** - **Wheel locks** — if fitted, make sure the locking key nut is included. ### Lights & Wipers - Headlights (low and high beam), indicators front and rear, brake lights, reverse lights, fog lights, number plate light, interior lights. - Wipers front and rear, washer fluid sprays properly. ### Under the Bonnet - **Oil level and colour** (pull the dipstick, wipe, dip again). Should be amber-to-light brown, not black sludge. - **Coolant level** in the overflow tank — between min and max, not rusty looking. - **Brake fluid** — between min and max. - **No oil leaks**, corrosion, or rodent damage. - **Battery terminals** clean, not corroded. ### Body & Paint - **Panel gaps** should be even all the way around. Mismatched gaps suggest accident repair. - **Paint consistency** — different shades on different panels = repaint. - **Rust**, especially around wheel arches, sills, and the boot floor. - **Windscreen** — chips, cracks, or pitting. A crack in the driver's view will fail a roadworthy. ### Interior - Sit in every seat. Check for stains, tears, sagging, wear on the driver's bolster. - Smell test — mould, smoke, or "something to cover up smoke" (heavy air freshener) is a red flag. - All windows, all door locks, central locking, child locks. - Seatbelts retract properly in every seat. - **ISOFIX child seat anchor points** if you need them. --- ## The Test Drive Drive for at least 20 minutes if you can. Mix suburban, highway, and stop-start. ### Driving Performance - **Cold start** — try to test before the seller has warmed it up. Listen for rattles, smoke from the exhaust, or hesitation. - **Fast acceleration** — smooth, no hesitation, no jerky gear changes (auto) or slipping clutch (manual). - **Fast braking** — find a safe empty stretch. The car should stop straight, no pulling left or right, no juddering through the pedal. - **Steering** — centred when going straight, no pulling to one side, no vibration in the wheel at highway speed. - **Suspension** — drive over a speed bump or rough patch. Listen for clunks, rattles, or knocks. - **Transmission** — auto should shift smoothly without flaring or jerking. Manual gears should engage cleanly without crunching. ### Climate & Comfort - **Air conditioning** — blows genuinely cold within a couple of minutes. Critical in Australia. Re-gassing isn't always cheap, especially on newer refrigerants. - **Heater** — blows actual hot air. Easy to forget if you're test-driving in summer. - **Cruise control** — engage it, set a speed, accelerate past, decelerate, cancel it. - **Heated/cooled seats** if fitted. ### Things to Locate (don't laugh — easy to forget) - **How to open the petrol cap** — push-button, lever, or just pull on the flap? Which side is it on? - **How to open the bonnet** — find the release lever (usually under the dash) and the secondary catch under the bonnet itself. - **How to open the boot** — button on the key, button inside the cabin, button on the boot itself. - Where the **jack and wheel brace** live (often under the boot floor with the spare). - Where the **OBD2 port** is (usually under the steering column) — useful if you ever want to plug in a scanner. ### Warning Lights After the test drive, with the engine running, scan the dashboard. Any orange or red warning lights = ask why, and don't accept "it just does that". --- ## Paperwork at Handover - **Roadworthy / safety certificate** (varies by state): - **VIC** — Roadworthy Certificate (RWC), required for sale. - **NSW** — eSafety check ("pink slip") for vehicles over 5 years old at rego renewal; "blue slip" if unregistered. - **QLD** — Safety Certificate, required for sale. - **SA** — No mandatory pre-sale inspection between private buyers, but strongly recommended. - **WA** — No mandatory pre-sale inspection, but recommended. - **TAS / ACT / NT** — rules vary; check your state's transport authority. - **Service logbook** with stamps. - **Owner's manual.** - **Both sets of keys** (replacing a missing smart key can cost hundreds). - **Signed receipt** with the seller's full name, address, licence number, the car's VIN, the price, and the date. - **Transfer of registration** — submit it within your state's required timeframe (often 14 days) or you can be fined. - Budget for **stamp duty** on the transfer — it's a percentage of the purchase price and varies by state. --- ## Strongly Recommended for First-Time Buyers - **Get a pre-purchase inspection** from a mechanic before you commit. Your state's auto club does these: - NSW/ACT — NRMA - VIC — RACV - QLD — RACQ - SA — RAA - WA — RAC - TAS — RACT - NT — AANT It costs $200–$400 depending on the inspection, and it's the cheapest insurance you'll ever buy. A mechanic will spot things you can't. - **Don't pay cash on the spot.** Use a bank transfer you can verify, and ideally meet at the seller's home (with a verifiable address) — not in a car park. - **Don't be rushed.** "Another buyer is coming this afternoon" is the oldest trick. A good car will still be a good car tomorrow. - **Test drive at least 2–3 cars** before you commit, even if the first one feels great. You learn a lot by comparison. --- ## Quick Red Flags (walk away) - Seller won't let you take it for a proper test drive. - Seller won't let you get an independent inspection. - VIN doesn't match the paperwork. - "I lost the logbook / spare key / owner's manual." - Price seems much lower than similar cars on Carsales or Facebook Marketplace. - Car is being sold by someone whose name isn't on the rego papers (without a clear explanation). - PPSR check shows finance owing or a write-off history.