Peoples Legal & Associates in Lakemba, New South Wales, Australia | Estate agents

Peoples Legal & Associates

Locality: Lakemba, New South Wales, Australia

Address: Haldon Street 2195 Lakemba, NSW, Australia

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• Property
• Property management company
• Estate agents
• Legal service

25.01.2022 PEOPLES LEGAL & ASSOCIATES for your all property & finance matters. Key Factors in determining a property’s true value We asked some of our real estate agent friends, what are the key factors, when it comes to determining a property’s true value.... Location it seems- really is the overriding factor and then, it is square metres. Here is what they pointed out: Council zoning and overlays can affect value, ie heritage overlays, period streetscapes etc, can all have an effect on street value. Check with your local council about regulation and potential zoning changes that can affect value. What is the highest use potential for your property, ie renovation, complete redevelopment? Consider the square metres. Look at the most recent sales in your area and the square metres of each property. You can gauge value accurately, by looking at the price per square metre. How many different demographics does your property appeal to? The more buyer groups that are potential customers, the higher the value of your property.

10.01.2022 Property-investment-advice: What is the right ownership structure for your investment property? Just like property, investment portfolios need to have a good structure.... The structures we establish will depend on various factors: Personal circumstances Goals Risk capacity Here are the different options when it comes to choosing your structure: Individual The advantage with this structure is that you can offset your personal income tax and it is easier to get financing, less expensive to set up and manage, with much less paperwork. Your assets are however, vulnerable to claims and if your property becomes positively geared, you will lose your tax advantage. Company When you have a Company structure, your asset is protected and your net rental income is potentially taxed at a lower rate. Companies are expensive to set up and maintain and you will be ineligible for the 50% CGT discount on any capital gain. Losses can only be claimed against future income and it can be more difficult to access capital, if you want to buy more properties. Partnership A Partnership is fairly easy to set up and is a separate entity for taxation purposes and is required to distribute income to the partners. Distribution flexibility can be limited, as payments have to be made, according to the partnership agreement. There is no risk protection, as each partner is open to creditor claims and liable for the debts of the entire partnership. Trust A Trust is a legal entity that provides management of assets on behalf of its beneficiaries. A Trust can provide asset protection and is flexible when it comes to determining payouts to beneficiaries. Trusts can be complex and costly and negative gearing losses cannot be offset against your income. When deciding on the structure, make sure you consider if there is a real need for asset protection. Also consider who will receive income and capital from the investments. In addition, will you need easy access to capital and what structure will suit your tax situation? There is also the issue of estate planning and all the costs associated with setting up the structure.