When you purchase a property, you can buy it in your personal name, a company name or even a trust. The trust must be set up before hand and have a trustee to manage the trust (which could be yourself or a company you own). Now, why should you undertake a complex procedure like this to…
Since changes to superannuation legislation in 2007, which allowed for self-managed super funds (SMSFs) to borrow money for property assets, there has been a dramatic increase in the number of people setting up a SMSF in order to purchase an investment property. Whilst there are many benefits to this, there are strict rules which must…
The old saying of ‘buyer beware’ still rings true when purchasing a house in Queensland. This is especially important when it comes to unapproved alterations or extensions to a property. When you’re considering buying a house it is important to be aware of where the risks and responsibilities of the purchase process lie at any…
The 2011 flood devastated many of Brisbane’s lower lying suburbs and had serious repercussions for the city’s property market. Many buyers did not want to dip their toe (pardon the pun) into the market and purchase a property anywhere near the river. While the flooding of 2011 did affect the property market, it has definitely…
Rebates can sometimes be offered as an inducement for a buyer to enter into a contract to purchase a property. They can commonly be offered by developers. Care must be taken as this can be seen as a misrepresentation of the purchase price and possibly an attempt to defraud a financier or the ATO. The…