AI IS POISED TO HAVE a significant impact on Commercial property investing by revolutionising various aspects of the industry.
Here are 7 ways in which AI is expected to affect commercial property investing: [Read more…]
Commercial Property and the Likely Impact of the Budget
16 May, 2023 by Leave a Comment
CONCERN OVER HIGH INFLATION is what is causing the RBA to continue raising interest rates.
So the real question is … will the latest Budget be responsible for adding to inflationary pressures?
Anyway, let’s quickly pick apart the critical issues of the latest Budget – as far as they relate to Commercial property. [Read more…]
7 Steps to Help You Succeed With Commercial Property
8 February, 2023 by Leave a Comment
PURCHASING COMMERCIAL PROPERTY can be one of the most profitable investments you will make. However, there are a few steps you need to follow to help ensure your success.
1. Do your homework
Understand the local property market and the specific property type you’re interested in. Look at things like rental rates, vacancy levels and the physical condition of the property.
2. Understand the intricacies
Investing in Commercial property can be more complex than residential. However, if properly handled, you can generally enjoy twice the net return you’ll obtain from residential property.
3. Create a long-term strategy
Consider your overall investment strategy, and how Commercial property fits into it. Consider the property’s long-term potential, and how it can provide you with a steady income stream.
4. Seek professional advice
Engage a good property advisor, lawyer, accountant, builder and property manager to help you navigate the process of buying and managing a Commercial property.
5. Financing options
There are several different financing options available for Commercial property. It’s best to work with a mortgage broker to obtain indicative approval before finalising the actual purchase.
6. Spread your risk
Diversifying your portfolio can help reduce risk. Investing in different types of properties, in different locations, and with different tenants can help spread risk across multiple investments.
7. Be patient
Commercial property investments can take time to deliver their full potential. So, be prepared to hold onto the property for several years. Be patient and stay focused on your long-term goals.
Where to, from here?
You might feel you’re ready to purchase a Commercial property … but perhaps need some guidance along the way.
If so, you can watch this short video giving you some background to my Mentor Group. There’s absolutely no commitment – but it may just pique your interest.
Best wishes …
Should You Engage a Property Manager?
21 March, 2022 by Leave a Comment
AS YOU CAN IMAGINE, this is a question I often get asked.
So, let me perhaps start by saying that with all my properties … I, personally, engage a skilled property manager.
And people then ask … If you know so much about commercial property, why don’t you manage the properties yourself?
The answer’s fairly straightforward – as there are basically 4 reasons … [Read more…]
It’s NEVER Too Late for Commercial Investors and Business Owners to Claim Thousands in Depreciation
29 September, 2021 by Leave a Comment
JUST BECAUSE 30 JUNE has been and gone, commercial investors and businesses don’t need to wait another financial year to obtain a tax depreciation schedule. Even if a schedule is ordered after the end of a financial year (FY), depreciation can still be back-claimed. [Read more…]
Some More Construction Issues, Plus Solutions
28 October, 2015 by
A FEW WEEKS AGO now, we addressed several construction issues that can arise. And today we will continue to outline a few more.
Hard Dollar Competitive Tenders
You may have heard of the term 'hard-dollar competitive tenders' and wondered what it means.
Continue ReadingCommercial Property Should Regain Some Normality
14 October, 2015 by
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SEVERAL RECENT ARTICLES in the Financial Review have flagged a slowdown in Asian money flowing into the Australian property market.
And that is principally as a result of China clamping down on capital movements out of the country.
Common Construction Problems
30 September, 2015 by
EVERY INDUSTRY has its issues and the construction game is no different. As with all issues, you simply have to know they exist, understand the various fixes and plan accordingly.
Continue ReadingChanges to FIRB Requirements
23 September, 2015 by
THE FOREIGN INVESTMENT Review Board's (FIRB) reluctance to prosecute non-complying foreign investors, and the public criticism that this has received, has led to the introduction of stricter foreign investment laws by the Australian Government.
These changes will apply from 1 December 2015.
Continue ReadingDepreciation Can Be Rather Accommodating
16 September, 2015 by
MORE AND MORE, Baby-Boomer investors are showing an interest in what is called "Traveller" accommodation.
Owners of income producing properties can generally claim both capital works and plant and equipment deductions. However when claiming for traveller accommodation, it's even more important to seek advice from a Quantity Surveyor.
Continue ReadingYou Can Write-off Up to $20,000 Immediately
9 September, 2015 by
THESE TYPE OF DEDUCTIONS mean an immediate improvement in your profit.
As part of the May 2015 federal budget, the Australian Government announced that small businesses with an aggregated turnover of under $2 million would be entitled to claim a $20,000 instant asset write-off.
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