We understand that investing in residential real estate is a major life decision. At SettleHub, we aim to equip you with the right legal tools and advise you on how to get the best value for your investment.
Our reliable, diligent, and cost-effective conveyancing process will help secure you from any legal issues related to your investment properties.
How we help real estate investors?
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Reviewing prospective vendor statements (section 32 statement)
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Ensuring that you are aware of your investor rights
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Transferring the title to your name
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Managing all documentation
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Applying for any eligible grants and concessions from the State Revenue Office
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Informing you about important considerations if you are moving towards renting the property
Whether you are a habitual investor or a first-time investor, our experienced team will ease the conveyancing process driving for a prompt settlement in a reliable manner.
FAQs on investing in property
- Yes, there is no concession on stamp duty when buying investment properties. The amount payable for stamp duty will increase proportionately with increased property value.
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You may choose to hold your property in one of the following ways:
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Sole proprietor
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Joint Proprietor
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Tenants in common
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Company as Proprietor
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Trust as Proprietor
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In choosing how to record your interest in the property, you must consider the various legal and taxation consequences of these different structures.
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Purchasing property under a trust can additionally be good asset protection mechanism.
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Buying investment property under a trust, particularly commercial properties under a trust, can be uniquely beneficial from a capital gains tax perspective as you stand to gain a 50% discount upon sale.
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Land tax should be paid by landowners annually to the state government. The tax payable will usually depend on the value of the property being taxed.
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While your principal place of residence (PPR) is exempt from land tax, investment properties are not.
- Negative gearing is a tax benefit system that will allow property investors a tax relief, if the cost of the investments exceeds the rental income received. When negatively geared, the investors can deduct their loss against other incomes, such as salary and wages. Negative gearing will particularly help you with tax savings.