Residential Property Investing in Australia in Clifton Springs, Victoria | Property

Residential Property Investing in Australia

Locality: Clifton Springs, Victoria

Phone: +61 1300 360 076

Address: Shop 3 Dumbarra Ave 3222 Clifton Springs, VIC, Australia

Website: http://rpiaustralia.com.au

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25.01.2022 What financial advice would you give your younger self? We’ve all heard the lyrics I wish that I knew what I know now when I was younger, how true is this! When we were young, time was not an issue for anything. That feeling of freedom when you received your pay check and you could do what you like. Cars, holidays, nights out, dinner with friends. If you wanted something you would just buy it, not thinking about your retirement as it is a long way off.... Suddenly your retirement does not seem that far off and what do you have to show for working all this time? If only your younger self had started to set a little bit of money aside to one day help with your retirement plans. Hindsight is a marvellous thing. The good news is, that it is never too late to start investing and it is never too early. We are seeing more and more young people starting to invest which is fantastic that they are money wise. We are also seeing people start retirement planning when they are older and wishing that they started sooner. Being in the property market already gives you a steppingstone to invest. If you are paying off a mortgage, then chances are high you have equity in your home. You can use that equity to start investing and getting the retirement income you desire. It’s never too late to start looking into things. We cannot turn back time, but we can educate the younger generation to use their money wisely. We can also set an example of planning ahead. What is stopping you from getting the wheels in motion? You now know what you know now, so use that information moving forward. Let us at RPIA help you plan and invest. Onwards and upwards!!

23.01.2022 It's TAX Time That time of year where everyone except the accountant’s look forward too. Its the silly season for accountants, it's in full swing and will not abate for another 8 - 10 weeks. Australia is one the most heavily taxed countries in the western world, so is it any wonder we look forward to getting a refund. Are you though, maximising your refund with your investment property(s)?... Historically over the last four or five years, many people are quite dissatisfied with their returns or are unsure if their accountant has claimed everything. To ensure that your accountant maximises everything your entitled too be sure to provide the following documents listed below Loan Statements This will clearly identify what interest is deductible Depreciation Schedule This clearly identifies all the high and low cost items of the fixture and fittings that can be claimed, as well as the building. Maintenance Provide every receipt for all maintenance paid for during the last financial year, your real estate agent should be able to provide you with this easily. Capital Improvements Any capital expenditure spent over the year is also tax deductible providing you have your receipts. Travel You can claim petrol and additional expenses for inspecting your investment twice a year but once again with receipts. For those investors whose investment is interstate you can claim return air fare, one nights accommodation and one day car hire, yet again receipts will be required. Establishment Costs Any costs incurred in setting up the investment in most cases are also deductible. These are the most common list of deductions investors should claim at tax time, however for a full list of tax deductions you should visit the ATO website ato.gov.au. Alternatively I would contact your adviser and or accountant who will be of most assistance in guiding you through these issues. I believe it is our god given right to legally minimise the amount of taxation we pay, make sure you maximise yours.

23.01.2022 Finance Broker more than meets the eye How is your friendship with the bank going? Do they take care of you and make sure you are doing your best? Or is it a one-sided friendship. Do you have to ring them to find out how things are going? Do you have to nudge them in the direction of which interest rate is best for your loan? Honestly, who has the time to be watching interest rates and keeping an eye on your loans. The simple answer is a finance broker does, they love getti...ng you the best deals and rates. They can be your new best friend. Have you heard the name finance broker and not understood but didn’t want to say anything? You are not alone. Unless you have dealt with a Finance Broker, a lot of people do not understand the role they play in the finance world. A Finance Broker is there to assist their clients in obtaining the best product and rate for their circumstances. Let’s say you wanted to buy a car. You might know what sort of car you want and how much you want to spend, but you wouldn’t take the first vehicle at the first dealership. You would hunt around to find the very best deal best price, the right colour and the right size. That is exactly what a Finance Broker does for you but just with the banks! You wouldn’t take your dog to a mechanic to get fixed, or better still you wouldn’t fix your dog yourself. When it comes to duty of care, a finance broker is working in your best interest with the banks for all your loan needs. How much do you love speaking to the bank, every time you ring you get somebody else, and trying to explain what you want can be a nightmare. By going through a finance broker, they are working on your behalf speaking with the banks, and you have the convenience of only having to deal with one person who knows what is going on. It would feel so much better to have someone on your side working for you when it comes to finance, instead of against you. Can you see the benefits of using a finance broker to help you to organise your loans. Contact us if you want to know more. #residentialpropertyinvesting #financebroker #finance #broker #money #investing #mortgage #loan

23.01.2022 Happy Monday Wishing everyone a great day and week, stay safe.

22.01.2022 Professional Help When it comes to investing, don't risk making poor decisions and costly mistakes by doing it on your own. At RPIA we understand that you are the captain and crew and we are merely the rudder of the ship, guiding you to your financial destinations, safely and with security.

21.01.2022 New rental standards, what does it mean for a landlord. Coming into effect on the 29th March 2021 are new rental reforms. A quick breakdown of some of the new rules ... Fixed price advertisements and offers, and a ban on inviting rental bids Basic amenities such as hot and cold water in the bathroom and laundry. Functioning ovens, stovetops and sinks in the kitchen, a working heater. Renters won’t have to ask for permission to attach child safety devices such as blind or cord anchors and pressure mounted child safety gates. They also won’t have to ask to install picture hooks on walls, to replace curtains. Or to increase the energy efficiency of the house with new LED globes. Other modifications that cannot be unreasonably refused include allowing the planting of a vegetable or herb garden, painting, securing gates and installing security systems and flyscreens. As a landlord this may seem very one-sided, the tenant seems to be getting more rights renting a property than the actual owner. Let's look at it from a different point of view. The longer your tenant is happy living where they are the easier your investing will be. The fixed price advertisements take away the underhanded dealings with a tenancy. Renters who offer the highest price aren’t necessarily the best occupants. Deciding on a fixed price that works within your budget and working alongside your property manager will ensure a suitable tenant is found for your property. Even though someone is renting a property they still want to make it feel like home. With the new reforms then yes, a tenant can hang up a picture hook or new curtains or paint a wall. In the scheme of things, these are only minor things. If you have a tenant who has their own pictures hanging up, their own style added to the property with a vegetable garden growing do you think they will be in a hurry to do something to get evicted from the property? Your property manager will still be doing inspections and making sure the property is being looked after. Properties get wear and tear from people living in them so it isn’t uncommon to have to paint some walls after a tenant moves out. If the tenant wants to pay to paint a wall then that saves you having to do it. They can’t change anything structurally just cosmetic which is an easy fix if you don’t like it. Happy tenant + Happy property manager = Happy Landlord For any questions about the new reform please feel free to ask. Happy investing!

21.01.2022 Can I invest?- Another Success Story The perception among Australians is that you have to be rich to invest, especially during these tough times of Covid-19. Helping everyday Australians invest into residential property for a better future is always rewarding but when an existing client refers their 19 year old son, it is even more rewarding.... He was keen to invest but he was quite cautious, nervous and scared at the same time. I assured him that indeed his mum and dad (now have 7 properties) felt the same when they started, so he was in good company. The parameters were tight given his age, no previous credit, 2nd year apprentice, deposit of $39,000 + $10,000 gift from his grandmother. After a lot of searching and negotiating with builders as well as developers we were able to secure him a 4 bedroom house (brand new), study, double lock up garage, ducted air con, 40 mil stone bench top in kitchen, 20 mil stone everywhere else, under roof alfresco for $444,000 full turn key, in one of the most highly sought after areas in SE QLD. I have always said, it is not what you earn but rather how much of what you earn do you keep for yourself and this is client is living proof. Want to know your options, call our office or visit our website www.rpiaustralia.com.au

21.01.2022 We are getting some lovely nominations. There is still time to nominate and spread some Christmas cheer. Head to original post and nominate Hope everybody is having a great weekend.

20.01.2022 Time to act is - NOW The reality in Australia is only 13% of the population invest period of which only 8% are in residential property. Also, worth noting, only 5% of Australians retire on an income greater than $37,500, so the sooner we start to look after ourselves the better. It is never too late too start investing but there simply is no time to waste, the sooner you start the easier it is to achieve your desired financial goals. At RPIA we specialise in assisting Austra...lians achieve their financial goals in a safe and secure manner. With over 55 years combined experience we fully understand all the potential errors and pitfalls people make when they invest on their own. We are just one call away, whether that is to start your investment journey or enhance it further, either way there is no time to delay

19.01.2022 Fathers Day Happy Fathers day to all the dads out there, we hope that you have been spoilt and had a good day. To all the single mums who double up as a father, we hope you have had a great day as well.

19.01.2022 Making your super work for you! Investing in a Self Managed Superannuation Fund (SMSF) has proven time and time again to be very beneficial to any portfolio. Your contributions going into your superannuation account increase through compounding interest. This amount fluctuates according to the market. Buying an investment property through your SMSF is an assured way to make your money work for you. There are rules and regulations around investing in property through your SM...SF, the main regulation is that the property must be income producing from day 1 and solely providing retirement benefits for the fund owner. SMSF's can seem confusing and complicated but by speaking to our team of specialists we can help guide you through the process. Make super SUPER!

18.01.2022 Happy Labour Day long weekend Victoria and Tasmania

18.01.2022 Clever Marketing So for just $5k deposit + a Savings Plan & a Personal Loan you can have you own home!!! This by the way, is not a new scheme, its been happening since Adam was a boy but do you think this is a good idea and solution or fraught with perils and dangers?

17.01.2022 Money Go Round Most Australians live week to week, pay check to pay check, are you one of them? We call it the Money Go Round and we hope that things will change and improve but it never does. It will never change unless you change it. Do you want to know how to break that cycle and invest for your financial future? Call our office to discuss how you too can break this cycle just like thousands of other Australians.

16.01.2022 Is your Debt naughty or nice? Do you sometimes feel that you have a hole in your pocket? There never seems to be enough money and you are wondering where it has all gone. We are constantly being reminded that times are tough, and many people feel that there just is not enough money to go round to pay their debt, still have a lifestyle and invest. The thought of debt scares people, but there is a difference between good debt and bad debt. Bad debt items are things that don’t ...make you money. Sure it’s great to have that new car or go on a fancy holiday, but when it’s all done and dusted you have to start saving again. Good debt makes you money. Take for example an investment property, yes you have a mortgage on it, but the asset is growing and it is also bringing in rent which makes it affordable. Your own home is classified as bad debt as you are the one who solely pays the mortgage. Mr tax man doesn’t help, and neither do tenants. By reducing your bad debt you can then concentrate on the good debt. Pay off those credit cards, clear that after pay and try and pay down your mortgage and personal loans as soon as possible. This will not only give you that feeling that you are making the most of your money but then you can start to invest in other things such as property. Only 5% of Australians actually own their own home at retirement. If you can stop your partnership with the banks and own your own home by the time you retire while building up your assets, your retirement is going to start looking a lot more relaxing. With interest rates so low right now, it is a good time to start getting your debts under control. You work hard for your money so make sure you are using it correctly. This will benefit you as you can still have the things you want while accumulating the things you need. Let's face it we all want to enjoy ourselves and do things that we love and enjoy, but we need to make sure it doesn't come at the cost of increasing our bad debt. Putting our money to income-producing assets such as property investments means we can still do the things we love and enjoy, but we aren't going into bad debt for them. Bad debt needs to be eradicated as quickly as possible and replaced with good debt. At RPI Australia showing people how they can afford to invest without impacting their lifestyle, pay off their mortgage sooner and minimize taxation is very powerful and rewarding. Contact us directly or send us an email enquiry asking how we can be of assistance to you. #rpiaustralia #residentialpropertyinvesting #debt #gooddebt #baddebt

16.01.2022 Message from our CEO With 2020 soon coming to a close, I want to take this opportunity to thank you for your support and patience during what has been an incredible year. COVID-19 has certainly tested us, and the past year has seen a lot of uncertainty and change. Given the difficulty we have all endured, my staff decided that they wanted to reward someone special who has gone up and above the call of duty to serve a person, a family, group or community. I have been watchi...ng the responses with interest and in all honesty they all deserve to win a prize in my opinion, so I don't know how they are going to select the winner but thanks for all the entries. As we close the doors one final time tonight at 5.30pm. we wish you, your family and friends a very beloved and merry Christmas, as well as a great and safe New Year. We will re open on Monday the 11th January and look forward to bigger, brighter and happier 2021 for everyone. Steve

15.01.2022 How exciting you have finally saved up a deposit for your own home. Saturday morning comes around and off you go to look at properties. It doesn't take long for the realisation to hit that the market is moving faster than what you can save. Property markets in Australia are set to soar around 17 per cent in capital cities around Australia this year. It’s been all over the news about properties going at auction hundreds of thousands above the reserve. With interest rates s...o low at the moment there is no surprise that there is a supply and demand issue. Don’t be disheartened as there are ways to get into the market. If the price point is out of reach for you to live in the area you want to, why not get into the investment market at an affordable price and watch your asset grow. You can then use the equity of your investment to get into the area you desire. Where do you start? You start by getting in touch with us to help you get into the market. Right now is the time to start before you do get priced out. We can help you find the right property and make sure it is affordable for you. We can help you with finance and loan structure. With the interest rates being so low it's a great time to start the process. Let us take the frustration away for you and make it happen!

13.01.2022 Happy New Year Everyone We are all back on deck officially next Monday. See attached an interesting article for your perusal and thoughts. https://eliteagent.com/momentum-in-australias-property-mar/

13.01.2022 With the new rental regulations coming into place soon, what are your thoughts on the tenants rights vs the landlords rights? https://9now.nine.com.au//018e7f9d-1101-4c49-b7b3-049afc8d

12.01.2022 Interest Rates The RBA had their usual monthly meeting and not surprisingly they decided to leave the official cash rate at .25%. What are your thoughts on the current interest rates?

12.01.2022 Share The Love There is nothing better in the world to hug someone you like or love first thing in morning and get hugged back tighter. Huggy Monday

12.01.2022 Official Interest Rate This week the Reserve Bank of Australia (RBA) continued on its path of monetary and policy easing by reducing the cash rate by 0.15% and in doing so made history by dropping the rate to an all time low of 0.10%. ever! The RBA also announced a whole range of measures, cuts and incentives to prop up our economy to provide confidence and certainty in the market place which has been well received. ... What does this mean though for the average mortgagee, property investor and the First Home Buyer (FHOB)? For existing home owners and property investors, it means their loan repayments have just been reduced by as much as $200 per month which is a considerable saving for your average $500,000 loan. Fixed interest rates for a 3, 4 & 5 period are starting as low as 1.7% whilst the variable rate remains in the high 2's and low 3's. I am not an advocate of fixing rates but their is merit and suitability for the right family and situation. This is great news though for investors especially as it gives you certainty of income versus expenses. For home owners its a significant saving on repayments if utilized and structured correctly and for First Home Buyers, the anticipated price rises in land and construction costs have not only been delayed but in certain areas around Australia have reduced, making housing that little more affordable. Contact us direct or send an email enquiry asking how we can be of assistance to you. #officialcashrate #property #mortgages #firsthomebuyers

11.01.2022 Thank you to all the nominations for our Christmas giveaway. So many deserving people. Congratulations to Tamara Courtney nominated by Chris McCarthy. Thanks for all the hard work you do. Hope you all have a safe and happy Christmas.

10.01.2022 To build or not to build It will please some of you to know I almost titled this blog Old what is it good for, absolutely nothing say it again When it comes to looking at investment properties New vs Old is a common theme. There are many reasons to build as opposed to purchasing an existing property. Think back to the house you grew up in. How many bedrooms? What colour was the carpet? Did you have one or two living areas? Lots of fond memories I bet, but with the design o...f the house would you be able to live as a family with today’s lifestyle? I know people who rent don’t want to compromise on space and usability. As much as there is a nostalgic feel with older properties the reality is new is often the better choice. Let me explain why Building a new property, you will have the latest design, new features, eco friendly and little to no maintenance. Tenants love to walk into a place that not only meets their design requirements but also the property suits their lifestyle. Tenants are willing to pay the rent for their lifestyle choice. You can claim for fixtures and fittings which mean more tax benefits. In the scheme of things not only is the property low maintenance; modern design but it also saves you money by not having to outlay for getting things fixed. Buying a property that is already established, chances are the design may be out of date, the floor layout may not be ideal and let's not get started on the décor. Fast forward 12 months. Hot water service has to be replaced and it is no longer under warranty, a few cracks are appearing now so obviously, the house has been shifting, and only one burner on the stovetop is working that needs replacing. All of a sudden, your house is starting to cost you more than it is worth. There is also the disadvantage that there may be little to no taxation benefits claimable, depending on the age of the home. So all of those costs come out of your pocket not the tax mans. What it comes down to is you want to make money not spend money and who wants to spend their time on the phone to your property manager putting out fires because something has gone wrong in an older property. No problems equal happy tenants and happy you. We would love to hear your stories the good; the bad and the ugly about new vs old. #residentialpropertyinvestinginaustralia #oldvsnew #propertyinvesting #building #maintenance

06.01.2022 The Forgotten Investors Everyone deserves the opportunity to invest in Australia. After all we are the land of opportunity or are we? Self employed people which I believe are the backbone of our society, collectively employing 40% of Australians and Women are the forgotten investors in my opinion.... Lenders struggle with them individually and collectively and they struggle with the lenders but there is a clear and definitive solution. Do we have many followers that fall into these groups? Once restrictions ease with Covid, i will undertake a series of videos explaining what opportunities are available to everyone but in particular these two individuals and groups

05.01.2022 Pay it forward! 2020 has been a tough year for all of us. We know some people are really struggling at this time of year. RPI Australia have decided to spread some Christmas cheer. We would love to send one person a gift hamper valued at $150 just to say great job and well done. What we are asking of you is to nominate who you think deserves to be a little bit spoilt this Christmas and we will choose one lucky person. Get your nominations in by Thursday 17th December and we will announce the winner on Friday 18th December. Well done everyone for getting through 2020! Here's to a bigger and brighter 2021!

05.01.2022 Thanks to all who have taken advantage of our free books. They have been sent in the mail this week. Happy reading! Still feeling generous so if you missed out on receiving a book please get in touch and we will get one out to you. Have a happy and safe weekend everybody

05.01.2022 Interest Rates Remaining Low The RBA met again today and the official rate remained the same at .25% What are your thoughts on the current low rates of interest offered by the banks and the RBA

04.01.2022 First Home Buyers First Home Buyers is not usually an arena we play in, having only done one in the last ten years. Fast track this to the last 60 days and we have now eight house and land deals and one established home progressing with our group. Primarily these have been all referrals from valued clients. ... The amount of satisfaction we gain from watching these clients achieve one of their major goals in life is very rewarding and satisfying, especially when these clients know we are usually only investment advisers. The next allocation of 10,000 First Home Deposit Scheme commences July 1. Do not delay, procrastinate or even hesitate if you are looking to buy or build your own first home, as the last allocation in January was fully allocated within 28 days. This along with other government incentives you may be eligible for, says now is the right time to take that next step and RPIA will walk you through the entire journey and beyond with you. So dont delay, call us today

04.01.2022 Aftercare What happens when your property is completed and there are issues. I’ve been noticing a lot of complaints on websites for people who have completed a build, have made final payment and then they can’t get hold of the builder if something is wrong. What should be an exciting time in your investment journey or own home is now causing you stress. Sadly this happens far too often. There are always going to be minor issues in building a new house, having a good relationship with builders helps for things to be rectified quickly and without hassle. Going through a company that has built up relationships with builders makes the process easy as they will communicate with the builder on your behalf. This is where we have stepped in and helped our clients. What are your horror stories with new builds?

03.01.2022 Can I Invest? There is a definitive opinion amongst Australians that you have to be rich to invest, its why the rich get richer, right! Well I can categorically advise that you do not need to be rich to invest but rather you need to invest to be rich. Despite these troubling and trying times of COVID-19, we have proven that on three different occasions in the last 6 weeks.... One client who is 24 years of age, income $68,000, single and living at home. He had a cash deposit of $45,000 and he did not think he could get into the market that he could afford. He was pleasantly surprised that we were able to secure him a property with that deposit which will only cost him $3 per week. The second clients (aged in 30’s) had no savings whatsoever but had reasonable equity in their own home, approximately $80,000. Dual income $98,000 combined, 1 dependent child, mortgage, and a personal loan. We were able to restructure their debt, invest them into their first investment and improve their bottom line by $300 per month. The third client is a single female who is 27, a home buyer, no dependent children, income $75,500 and $120,000 equity in her home, no other debts, or commitments. This client thought with already having a mortgage that they would be unable to invest, however, we were able to refinance her home loan at 1.8% better interest rate, release equity and invest into a new house that she so impressed with is now intending to move into on completion. I have always stated and preached to all and sundry, it is not what you earn but rather how much of what you earn do you keep for yourself and that you definitely do not need to be rich to invest.

03.01.2022 Property Market My job as I see it, is to provide quality advice and selection of quality property in areas that are within a prospective or existing clients income budget and lifestyle. Part of our services is to monitor the market closely and make suitable recommendations. Accordingly the last two weeks i have noticed remarkable levels of activity, enquiries and sales in the property market nationally.... Accordingly, i have spoken too our trusted agents and developers nationally and they ALL concur wholeheartedly that levels of interest and activity are greater then pre COVID-19. I forecast strong asset growth in the property market post COVID-19. How do you perceive the market right now?