In our third Q&A host special, Veronica and Chris answer your need to know questions on various aspects on property and the process of purchasing:

Questions:

1. “What are your opinions on different types of investments (Student accommodation, holiday house, home dwelling, Commercial?)”
2. “If you live in the property are you liable to pay land tax? And if so at what value is anyone really exempt from paying land tax? If so, who? And how do you structure your property ownership to avoid paying land tax?”
3. “How does capital gains tax work and what is the 12 month rule? Are there any exemptions to capital gains tax?”
4. “Why do you think yields are lower from family home rentals”
5. “What happens to your assets if your bank collapses”
6. “Is it worth forgoing an offset account to go with a sharper fixed interest rate?”

This weeks Dumbo:

• How having a bad credit rating can destroy your opportunity of purchasing property
• What happens when you don’t seek out appropriate financial advice

 

RELEVANT EPISODES:

Episode 57 | Q&A 1

Episode 98 | Q&A 2

Episode 104 | Build-to-rent

Episode 117 | Fool or Forecaster report

 

HOST LINKS:Looking for a Sydney Buyers Agent? www.gooddeeds.com.au Work with Veronica: [email protected]

Looking for a Mortgage Broker? www.wealthful.com.auWork with Chris: [email protected]

Buy the book - AUCTION READY How to buy property at auction even though you’re scared s#!tless:www.getauctionready.com.auUse the coupon ELEPHANT for your 30% listener discount.

EPISODE TRANSCRIPT: Please note that this has been transcribed by half-human-half-robot, so brace yourself for typos and the odd bit of weirdness…This episode was recorded on 19 May, 2020.

https://www.theelephantintheroom.com.au/podcasts/127

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