Thanks Terry, appreciate. I noted about the land tax in NSW. Will see an accountant about the tax aspects of a trust structure, then a lawyer regarding the legalities of them.

Zen

Hi All

Along this subject heading, I am also single and intend to set up a trust. I have a 20 year son and 12 year daughter, son is independent and daughter lives with her mother.

I am a firstime investor and in the process of settling with my first property investment in August 2016, the loan will be in my own name which I would prefer be in…[Read more]

Hi All

Along this subject heading, I am also single and intend to set up a trust. I have a 20 year son and 12 year daughter, son is independent and daughter lives with her mother.

I am a firstime investor and in the process of settling with my first property investment in August 2016, the loan will be in my own name which I would prefer be in…[Read more]

Hi All

Along this subject heading, I am also single and intend to set up a trust. I have a 20 year son and 12 year daughter, son is independent and daughter lives with her mother.

I am a firstime investor and in the process of settling with my first property investment in August 2016, the loan will be in my own name which I would prefer be in…[Read more]

Thanks Terry, appreciate.

Thanks Terryw and BuyersAgent, appreciate your comments. Maybe I need to educate myself in doing things myself through Steve’s steps!

Zen

Thanks for your reply ‘TheNewGuy’, Jacqui, Terryw, appreciate heaps.

TheNewGuy – its pretty tempting when LJ Hooker and developer (Empire Global) advertise a $5k off the room price ($274k) and another $5k IKEA gift card (or I can use this towards deducting the room price as well) – I will step back and do more research as the OTP are…[Read more]

Thank you Alistair, appreciate your comment. I normally wonder how can an investor know the market value in 2years for their property? Will do research in this area.

Thank you :)

Thanks sash, appreciate your comment and importantly will do my due diligence as u suggested.

Thank you.

Thanks jimchap131 and Corey, interesting stories from both sides, appreciate. Will do more research and check if this area in canberra is a growth region.

Great information Benny, appreciate your comment. It’s always good to get a second opinion, 3rd and so forth. Yes I think Canberra is leasehold (99yr). I may need to get a financial/property planner to strategise varies options based on my current financial position to invest in my first property.

Cheers :)

Awsome, thanks heaps Corey, looks like its back to the drawing board for me, cos as a beginner I have heaps to learn about this property investing area but love this forum and learning heaps from other peoples experience.

Appreciate and thanks once again :)

Happy ending!!! So happy for you Ellifent!!!

In a similar situation, a firstime investor, can anyone tell if its ok to invest in these OTP one bedroom apartments at http://sq1southquay.com.au/ ??

Appreciate your feedback pros and cons.

Thank you :)