Frequently Asked

Find answers to common queries
about property investment, from understanding the basics to navigating complex processes.

Property Investment

What is the 6-year rule for investment properties in Australia?

You can treat your former home as your primary residence for up to 6 years after you stop living in it if you rent it out, potentially avoiding paying capital gains tax during this period.

Is it worth having an investment property in Australia?

Investing in property in Australia can be a powerful way to build wealth. It offers benefits like improved cash flow, tax advantages, and stability compared to other investment types. Plus, the demand for housing makes property a relatively safe and lucrative investment option.

What is the tax benefit on investment property in Australia?

In Australia, property investors can claim tax benefits such as mortgage interest, property management fees, land tax, maintenance costs, and repairs, reducing taxable income and making property investment more financially rewarding.

Can I live in my investment property in Australia?

Living in your investment property can affect tax benefits, such as deductions for rental expenses and potential capital gains tax upon sale. Consider the implications of converting the property into your primary residence or vice versa.

Can stamp duty be claimed on an investment property?

Stamp duty is not tax-deductible in Australia. The upfront cost must be factored into the overall investment budget. While you can’t claim stamp duty as a tax deduction, knowing all associated purchasing costs, including stamp duty, is crucial when planning your investment strategy.

Property Management

How does property management work in Australia?

After the property owner selects a tenant, the property manager takes charge of the rental process, including drafting the lease, collecting rent, managing maintenance requests, and ensuring compliance with local laws and regulations.

How much do property managers charge in Australia?

The average property management fee in Australia is typically around 6-10% of the monthly rent but can vary based on location, type of property, and services provided. 360 Residential charges highly competitive fees aligned with our expertise in managing your investment.

What is the most significant responsibility for property management?

One key responsibility of a property manager is setting the optimal rental price, analysing market conditions, and maximising profitability. They also handle rent collection and maintain high demand for the property to ensure a steady income stream.

What is typically the overall goal of a property manager?

The primary goal of a property manager is to maximise occupancy and revenue by maintaining tenant satisfaction, reducing turnover, and keeping the property attractive to potential renters. At 360 Residential, we deliver these outcomes to grow your property investment.

Should I use a Property Manager or rent my property privately?

Consider working with a Property Manager to enhance the success of your investment. They save you time and effort, market your property effectively, find reliable tenants, and maintain it to high standards, leading to better financial returns and a more rewarding ownership experience.

Vendor Advocacy

What is vendor advocacy?

Vendor advocacy, or seller advocacy, is when licensed real estate agents act as your advisors throughout the property selling process, helping you choose the right real estate agent, develop a selling strategy, and ensure you achieve the best possible result when selling your property.

How do you work out the price of my property?

After inspecting your home, we use a thorough 3-step process to determine its value. First, we analyse recent sales of similar properties in your local area. Next, we evaluate the current strength of the market. Finally, we consider the type of buyers likely to be interested in your property. This comprehensive approach allows us to set a competitive and realistic asking price to attract serious buyers and maximise your sale price.

Who should use a Vendor’s Advocate?

Using a Vendor’s Advocate doesn’t cost extra; they share a portion of the agent’s commission. You get their expertise and support at no additional cost, making it an intelligent choice for maximising your property sale.

Why use a Vendor’s Advocate?

A Vendor’s Advocate is invaluable for getting the best price for your property. They guide you in presenting your property, choosing the right agent, and developing a tailored strategy to achieve your goals. Their expertise and industry connections can significantly impact the outcome of your sale.

How does our vendor advocate service benefit you?

Our vendor advocacy service at 360 Residential provides a transparent and unbiased approach to selecting your property’s best-selling agent and agency. We guide you through the entire selling process, ensuring that every decision is in your best interest.

Home Buyers' Advocacy

What is the difference between a buyer's advocate and a real estate agent?

A buyer’s advocate works exclusively for you to ensure your interests are protected and you secure the best property at the best price. At the same time, a real estate agent represents the seller and aims to achieve the highest price for the property.

Can an agent represent both the seller and the buyer?

Dual agency occurs when a real estate agent represents the buyer and the seller in the same transaction. It can lead to conflicts of interest, so buyers often prefer to have their advocate.

Should I use a buyer's advocate?

Yes, a buyer’s advocate can benefit property buyers and investors by leveraging their expertise, network, and experience to reduce risk, save time, and prevent overpaying for a property.

Is it worth using a buyer's advocate?

A buyer’s advocate can save you time and money by securing a property at the right price and avoiding common pitfalls like overpaying. Their expertise in negotiating and understanding market conditions makes them a valuable partner in ensuring you get the best deal possible.

Can a buyer's advocate save you money?

A buyer’s advocate can save you money by expertly negotiating the purchase price and terms and providing insights into the sale’s progress. They aim to secure the property at the lowest possible price, helping you avoid emotional purchasing decisions and get the best value for your investment.

Finance

How does 360 Residential assist with the property finance application process?

We handle the entire finance application process for you, from start to finish. We manage all the paperwork and communication with lenders to ensure a smooth and stress-free process. You’ll receive regular updates to stay informed about the status of your application.

How can 360 Residential help me understand my borrowing capacity?

Understanding your financial capacity is crucial before entering the property market. Our team assesses your situation to provide a clear picture of your borrowing capacity. This helps you make informed decisions about your property investment goals and ensures you stay within your finances.

How is 360 different to other property investment firms on the market?

We’re independently owned and managed, which gives us the freedom to find financial options that work for you. Because we don’t partner with or take commissions from banks, it’s also in our best interest to find you financing that you can feel confident in.

Does 360 Residential offer unbiased advice on choosing a lender?

We offer an unbiased scope across various lenders to ensure you find the ideal provider. We compare multiple mortgage products and options, tailoring our recommendations to match your financial situation and investment goals for the best possible terms and rates.

Can 360 Residential help with restructuring existing loans?

Absolutely. We can assist with restructuring your existing loans to suit your current needs better, providing expert advice and guidance to optimise your financial arrangements.

How does 360 Residential help me achieve my property investment goals?

We provide tailored advice and solutions for property finance to help you confidently achieve your investment objectives.

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