Points you MUST Know to Buy and Own a Successful Property in Queensland

If you have not  all of the below boxes you need to talk to us. With over 30 years combined experience, we will help in every aspect,
either by our own experiences or through our network of qualified professionals


As Our Client
VIP Will Help
With These









As Our Client
VIP Will Help
With These









As Our Client
VIP Will Help
With These









As Our Client
VIP Will Help
With These









As Our Client
VIP Will Help
With These









As Our Client
VIP Will Help
With These









As Our Client
VIP Will Help
With These









Decision

Did you discuss this with your professional financial advisor? (It’s often nice to talk to well meaning friends and neighbours about what is good for your financial future and what is not, but would you ask your Dentist for tax advice?)
Should you buy an apartment or land and house? ? (Is your priority for capital growth or lifestyle?)
Have you fully considered the implications of buying new or second hand?
 
 
 
 

Finance

Did you thoroughly investigate which bank or lending institution you should use? (Choosing the correct bank or lending institution is more important than most realise as this may reflect on your ability to borrow in the future. Not all banks lending criteria is the same, so by committing yourself to the wrong bank you may limit your purchasing power in the future and it will cost money to change banks.)
Did or will you be borrowing funds in New Zealand or Australia or both?
Do you really know the hidden costs? ($1,000.00 down and $50.00 per week? Yeah right!!!)
 
 
 
 

Selection “Location, Location, Location”

Do you really know the dynamics of the whole region you are considering buying into? (Often you are not told much about the short and medium term planning for population and development that occurs. What % is owner-occupiers verse tenants?)
Are you aware of what locations to avoid? (Some locations, promoted by MARKETING HYPE can exist in socio economically depressed areas)
Are you aware of Government initiatives affecting certain regions?
Do you really know where people want to live?
Do you understand covenant requirements and how they will affect the future growth of your property?
 
 
 
 

Contracts

Confirming finance? Have you factored in all the costs?
Have YOU ensured there are added safety clauses? (Typically, sellers won’t protect YOUR interest as buyers, they will do ALL THEY CAN to ensure their sale goes ahead)
Do you understand how the 5 day cool-down period works? (Watch out, you can be requested to contract out of this vital clause!)
What else MUST I consider when buying?
Who/Where do I go to for advice? (It is imperative that you obtain totally independent legal advice from a professional party).
 
 
 
 

Ownership

How should you own a property? (For the unwary, ownership is structured quite differently in Australia).
When purchasing in Queensland are you aware that you must use a Queensland Lawyer/Solicitor?
Have you got a company, a business or family trust or all three and should you own Australian property in a trust?
How many and what property searches should you obtain?
 
 
 
 

Management

Have you read the Residential Tenancies Act 1994? Contact us for a free copy of “A tenant’s guide to the rules for renting in Queensland”
Do you know how to change your property manager?
How many property inspections are available per year and should you have one?
When can you sell and what MUST you consider when selling my properties? (These questions and many others surrounding buying and selling, need to be thought over and discussed with those that have the knowledge BEFORE you sign anything!)
Do you understand ALL of the implications when there is a “Body Corporate”?
 
 
 
 

Review

Do I have the correct insurance cover?
Why did I buy and when can I buy again?
Review your original decision and establish what, if anything has changed.
Click here for How to prepare your house for Sale
 
 
 
 

Tax

What is “Approved Issuer Levy” and am I required to pay NRWT? Currency Converter for the purpose of calculating your Australian interest to NZ figures for the purpose of calculating and completing your “Approved Issuer Levy” Requirements.    Click here for IRD Currency Converter
How do I pay LESS stamp duty? (What is stamp duty?)
Have you got or know how to get your “Australian Tax Number”?
Do you know if or when land tax may become applicable to you?
Who has to file an Australian Return?
Do you have a qualified Accountant experienced in Australian property to file BOTH your Australian and New Zealand rental returns?
Are you aware you need a chattels valuation when you buy and also when you sell for New Zealand and Australia? (These will impact upon how any depreciation recoveries are calculated if and when you sell).
Are you aware of the accrual rules?