PH Property

At PH PROPERTY we are more than happy to have a chat about looking for the right investment property for you, so make a call or send us an email to make an appointment!

There is no right or wrong way to invest in Bendigo – it depends on what you are looking for to suit your circumstances.
If you’re out of town you may be better to invest in something low maintenance/modern which does not require as much maintenance or care. If you are looking to develop later on you may want an older home on a larger block.
Others prefer location with a lesser rental return, but potentially higher capital growth.

Here are some pointers to keep in mind to hopefully help with your decision on purchasing a home in Bendigo for investment:

General advantages of owning an investment property:
• Generally all maintenance is tax deductible
• You can organise a quantity surveyor to depreciate certain items in the house
• You can set your property up to be geared positively or negatively
• Mid to long-term capital growth for great re-sale


An older property:
Pro’s:
• Generally better rental return
• Potential to renovate and on-sell later on with better capital growth
• Generally they let out well – particularly under the $300 per week mark
Con’s:
• Possibly more ongoing maintenance required
• Harder to claim depreciation on the building

A new property:
Pro’s:
• Easy maintenance
• Depreciation can be claimed on the building at 2.5%pa as a general rule (see your accountant)
• Other items such as carpets, stove, light fittings etc.. can be depreciated at a higher rate – this is can be organised through a Quantity Surveyor
Cons:
• Sometimes there is slightly less capital growth (depending on location of course)
• Not a lot of room for capital improvement (unless you extend)

Check the body corporate (owners corporation) prior to purchasing your townhouse, unit or apartment.
Before buying a property managed by an owner’s corporation, you should find out more about the owners corporation. You can get a copy of the owner’s corporation certificate or inspect the owner’s corporation register.

The owners corporation certificate is part of the vendors statement or section 32. It is the responsibility of the lot owner who is selling the property to ensure that the certificate is included by the section 32. You can also buy the certificate from the owner’s corporation. The certificate and register contain important information about the total fees, the allocation of lot liability and lot entitlement for the apartment or any legal liabilities. You should check:

- The cost of living in the owner’s corporation

- How well the owners corporation operates

- The information in the statement or section 32

- The information provided in the owners corporation certificate (which must be included in the vendors statement)

- The details contained in the plan of subdivision. You should check the boundaries of the lot and common property, the location of easements and whether the allocation of lot entitlements and liabilities is fair and reasonable

- The contents and conditions in the contract of sale

- The owner’s corporation register

- The matter contained in the owners corporations rules

- Any lease/licences of common property.

If you would like further information with regard to the owners corporation or need assistance in the matter please call our knowledgeable, friendly and experienced property managers on 54541999 or pop into the office at 38 Mitchell Street.