46 | Q&A - Things we would have done differently, Buying sight unseen, Tax and purpose of property, Investment grade in regional centres and Joint ventures

The Property Couch

We are back on with the Questions and Answer time for our Summer Series. This week, Bryce Holdaway and Ben Kingsley will be answering the questions below from our fellow listeners. Thanks again for submitting your questions!

• Question from Alex: Knowing what you know now, what 5 things would you both have done differently?
• Buying sight-unseen questions from Lewis :

1. Best advice for buying property without being able to walk through the property.
2. The best area to buy in Australia if you don’t know where in Oz you want to move back too!

• Question on tax implications on property from Chris: My partner and I just completed the construction of a home that was intended to be an investment property for 5-7 years after which time we were going to move in and make our family home. Situations have changed and we will be able to completely pay off and move into the new house within the next 12 months. Will there be any issues arising from all the tax deductions since we will be changing the purpose of the house?
• Investment grade for regional properties question from Lou: I’m currently saving for my first investment property and I have a couple of questions. I am considering regional Victoria (as I grew up there) and was wondering how ‘Investment Grade‘ properties are, particularly along the Vic/NSW border. Should I be looking here or become more ‘borderless’?

Joint venture question from Christopher: Are joint ventures worth it and will this be a silly strategy for such an old house as depreciation will have been used up already and these older houses can be Pandora’s box once opened up and end up costing way over budget?

Free resources mentioned in this podcast:

• Episode 29: Common mistakes when investing in property

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