Live Q&A Chat on Property Investing - June 2016 with Bryce Holdaway and Ben Kingsley



http://www.thepropertycouch.com.au/live-questions-and-answer-chat-on-property-investing-june-2016/ The Property Couch podcast is all about helping others avoid making bad property investment mistakes and sharing the insiders guide to property investing. That is why on the 29th of June 2016, Bryce and Ben decides to hold a Live Questions and Answers Chat on Property Investing so that we can interact directly with our fellow listeners. Thank you to all of you who have joined in and if you would like to watch a replay of this, here’s a recording! 1) Will S: My question is about claiming depreciation on an existing property that has been renovated. Can we claim depreciation on this renovation even though it was not us that completed it. 2)Mitch Scholard: G’day fellas, wondering your thoughts on which capital city will see the best capital growth over the next 5 years. 3)Luke Stirton: Does development and renovation provide the secret to accelerated gains in today’s increasingly harder market to get ahead? 4)Angela Cerasi: (A) If a potential investment property is to have owner occupier appeal, then won’t you be competing with emotional owner/occupiers when it comes to buying? (2) If a buyers agent takes a fixed fee, how much time would they generally dedicate to finding your property? Do you come to them with the city/suburb in mind or do they come to you with those details based on your personal situation? Do they keep looking for you until a property is successfully purchased? 5) Maria Li: Can you do a PAYG withholding variation the first year that you own investment property (based on projected cash flows) or do you have to wait a year so that you can base future withholding variations on the previous year? 6) Leisa Caines: Hi Bryce & Ben, love the podcast & your book. Hear you talk about finding an investment savvy mortgage broker but where do you find one? I’m in North west area in Sydney 7) Brad McCreadie: Would you buy now or wait to see what happens to apartment prices in Briz. Looking at a 2 bedroom as owner occupy initially but then to use as investment. 8) Karl Frank: Hi Guys. What will be the impact to the housing market if Labour win the next election and implement their changes to the Capital Gains Tax as it relates to investment properties? 9) Mark Rogal: If Labour win the election, negative gearing and CGT changes won’t kick in until mid-2017. In your opinion, what is the most likely scenario for prices of established homes between now and July 2017? Thanks for the great insights! Cheers! 10) George Kallinikos: I was wondering what is a suitable time frame is to wait it out during a period of experiencing little to no growth. I have owned a one bedroom apartment in a Melbourne blue chip location of Hawthorn since 2008 and it has barely kept up with inflation. This has left me disillusioned during a period where Melbourne overall has seen incredible growth. I understand exit / repurchase costs but also realise that the opportunity cost of this investment has been quite high. What are your thoughts? 11) Bradden Mitchell: GDay Bryce & Ben. Does an investment grade property have to be over $500K ? To read the rest of the questions, click on the link above.

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