Friday, July 27, 2012

Investment Seminar

This week Toop&Toop Real Estate held an investment seminar in conjunction with The Commonwealth Bank informing guests about purchasing and investing in the residential property market. This seminar covered topics such as the state of the current market, financial planning, property management and the depreciation of property.
Held at the new Golden Grove office we had several guest speakers including Kerrie Akkermans General Manager of Toop&Toop property management, Tim Thredgold corporate auctioneer and sales partner at Toop&Toop , Lisa Davis  Commonwealth bank Area Manager Northern Area SA/NT Region, Warren Halfpenny of The Commonwealth Bank and  Ryan Martin from BMT Tax Depreciation.
There is an oversupply of properties in the current market which is causing prices to drop, making it an ideal time to begin or add to your investment portfolio. The Commonwealth Bank have a range of loans and financial advice to help you build your portfolio, with interest rates at the lowest they have been for some time and innovative technology rivaling other banks its no wonder they have just been announced Mortgage lender of the year for 2012.
It’s undoubtedly a hard job to manage an investment property and it’s important to recognize once you purchase an investment property you are “running a business” as Kerrie Akkermans explained on the night. Landlords and tenants can have very different views on situations and managing that relationship can be a difficult task so its best to have an expert in the field to ensure  your business is running well.
The tax benefits of having an investment property particularly with depreciation over assets can help cover costs for wear and tear as Ryan Martin discussed. It’s a good idea to have your investment surveyed by a BMT quantity surveyor who are the only depreciation surveyors recognized by the ATO. “The ATO allows property investors to claim a rental & investment property depreciation deduction related to the building and plant and equipment items contained within it. It can be claimed by any owner of an income producing property. This deduction essentially reduces the investment property owner's taxable income”(BMT, 2012)
It was the first event run so far with investment information from Toop&Toop and financial information from The Commonwealth Bank with the fantastic turnout no doubt there will be more to come.
Thank you to everyone who came and supported us and also to the guest speakers from the night who provided invaluable insight into property investment. We plan to run more of these nights in other offices across  Adelaide so let us know if your interested!

10 comments:

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I think real estate plans are becoming a big mystery for most of individuals and this thing makes them totally dependable on the real estate agents especially for seeking and buying any property. I always appreciate such activities because such seminars help in removing the illusion between the property buyer and purchaser, which create miscommunication and bluffing. 

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