September 23, 2024

Luke on 2CC – Residential property – Does gearing still work? What should you consider before you invest in property?

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired live on Friday 13 September 2024. The topic this week is residential property the right investment. Australians love a residential property investment but is it really the right investment for your goals? This episode aims to provide some general financial information about this type of investment including the issues to consider before you make the decision to buy. Thank you for joining us live on 2CC or your favourite podcast streaming service with ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

Why do Australians like property?

A tax deduction is NOT the right reason to buy and investment property

What type of property do you want to buy?

Does the property match up with your goals – income, holding costs, the structure you own it in

Negative gearing – is it still attractive as it used to be?

Property doesn’t have to be residential – it could also be commercial and industrial property (including holding your property in a SMSF)

Ownership structures also matter – pro’s and con’s the ways of owning different assets, make the right decision at the start

It’s very expensive to change ownership structures if you get it wrong

SMSF rules and property ownership – there are rules around use, borrowing and maintenance costs

Luke shares his top tips to help you start thinking about converting preference shares.

https://www.envisionfinancial.com.au/wp-content/uploads/2024/09/The-Strategy-Stacker-Luke-Talks-Money-13092024.mp3

This podcast is also available on Apple Podcasts and Spotify – ‘The Strategy Stacker – Luke Talks Money’

Do you need help with investment planning and management?

Investing in property just to get a tax deduction, probably isn’t the right reason to invest. There’s more to consider to make sure you’re making the most of your savings. Seek financial advice if you need help.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement. Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week. You can catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again and Luke’s book Smart Money Strategy is out now.

...more

View all episodes

By Luke Smith