Investment Strategy - where to get started

Discussion in 'Investment Strategy' started by Pez, 1st May, 2022.

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  1. Pez

    Pez New Member

    Joined:
    5th Jan, 2021
    Posts:
    4
    Location:
    Vic
    This is our current situation:
    We're in our late 20's with a combined income of 200k, no kids at the moment but plan to within the next few years.
    I have a property valued at 700k with a 170k home loan. There is no rental income on this property, my parents and siblings are currently living there.
    My partner has a property valued at 650k with a 350k home loan with 150k in the offset. We are currently living in this property.
    We've never put much thought into diversifying our investments so whatever we save goes into the offset.

    Our goals are to purchase an investment property, diversify our investment portfolio and upgrade our PPOR within the next 10 years by either selling a property and purchasing a new one or doing a knockdown rebuild. What's the best way to explore our options? Should we see a broker/financial planner?
     
  2. Branden

    Branden Well-Known Member Business Member

    Joined:
    12th Aug, 2018
    Posts:
    627
    Location:
    Blacktown, NSW
    Having a discussion with both a financial planner and broker would be advantageous. Speaking with a planner would give you a better idea of how you could plan to achieve your goals within the timeframe you have set. At the same time, a broker will give you an idea of what level of borrowing you would have to execute your plan. Once you take these two steps hopefully you will have greater clarification around what approach would work best for your circumstances.
     
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,599
    Location:
    Gold Coast (Australia Wide)
    Borrowing cap and lending structure seem to be foundational to your strategy, so I would start there.

    ta
    rolf
     
  4. MelindaJennison

    MelindaJennison Brisbane Buyer's Agent & QPIA Business Member

    Joined:
    16th Mar, 2020
    Posts:
    252
    Location:
    Brisbane QLD, 4000
    As mentioned above the best place to start is to understand your current borrowing capacity.
    Then you could get advice from a Qualified Property Investment Advisor who would be able to tailor a strategy specifically based on your goals, risk appetite, exit strategy and timelines.
    It is important to not only consider the property investment strategy in isolation. You also must consider the finance strategy and the tax strategy. It is all interrelated.
    Property investment is not considered a financial product so most financial planners will not give advice to you about property.
    What ever you do - don't go to any investment seminars that proclaim to give "advice." This is always a trap to be aware of.
     

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