A typical full time property manager, who has the right tools and employs streamlined processes, can manage up to 150 properties. That's equivalent to spending only 16 minutes per week on each property and thats a staggering $230+ per hour that you are paying them if your property rents for $700/week.
Anyone can work out if they can afford to put down the required down payment to purchase a property, but it doesn't stop there. There are many factors ranging from rental yields to fluctuations in borrowing rates. Can I really afford your next purchase?
Property investing is already tiring and daunting, then there is this 6-year CGT rule everyone tells me about. But how does it really work? Here I will take a quick dive into a common misconception of the 6-year CGT rule in Australia, using it as a case study.
Buying off the plan is attractive. In Australia, most of the time you just have to pay 10% deposit and wait for settlement. While it is being constructed you also get to enjoy capital growth of the entire value of the property without paying any interest on repayments.
For those who were lucky enough to have made an off the plan purchase 2 to 3 years ago and are close to completion, here's what you need to know.