Blog

OpenCorp Live Q&A Show #8 (DECEMBER)

The OpenCorp Live Q&A Show is done and dusted for 2019 and we’ve gone out with a bang! Here is a replay of the Facebook live stream recorded on December 5th in which our panel of experts, including OpenCorp directors Al Lewison and Michael ‘Boz’ Beresford, answer viewers’ questions around all things investing in property…

Assets and liabilities: Appreciating the difference

By Cam McLellan, Director, OpenCorp   An asset is something that makes things better. Let’s look at a few basic examples of assets and liabilities before I explain them in more detail – and you can try to pick which is which. An investment property that puts money in your pocket each month and has…

Beware the Perils of Credit Cards

Credit Cards: Beware the Evil Financial Instrument Walking Among Us! By Cam McLellan A little while ago I went on a rant against sharks in the property industry, those smooth-talking scammers who feed off humble, honest investors with expensive bogus seminars or dud properties. They will always remain one of my most hated types of…

How to live off equity

At the end of the year as we get closer to Christmas, I always find people start thinking about how great it would be if they didn’t have to go back to work. This brings them to thinking about how much they will need for each year of retirement and how to go about accessing…

Getting the Most Out of Your Tax

By Michael Beresford A lot of property investors ask us about the best way to maximise their tax benefits. In terms of what you can claim, the best person to talk to is your accountant but as a general rule, every expense associated with an investment property is tax deductable. This excludes stamp duty and…

Changes to the lending landscape

By Michael Beresford UNLESS YOU’VE BEEN HIDING UNDER A ROCK OR OVERSEAS for the past few months, no doubt you’ll have heard about the changes the Australian Prudential Regulatory Authority (APRA) is introducing through banks to effect change in the lending system within Australia. Going by the number of calls I’ve taken from clients of…

Tax implications of selling

By Pat Mannix In recent months I’ve had a number of conversations with clients who are building new residential properties, a couple intending to keep the property and rent it out and some intending to sell for a profit. When I informed these clients of the potential tax implications of selling, they were quite surprised…

Understanding property finance is a must!

Whether you’re a first time or experienced investor, understanding property finance is a must! The number-one reason most investors never own more than one property is finance. Listen to established property investor Michael Beresford discuss the importance of setting up your property finance correctly.

9 Steps to Gearing Property Through Super

By ALYSHA VAN DREUMEL & PAT MANNIX When the government allowed property gearing through superannuation in 2007 it didn’t explain the steps involved or warn about the hazards that can be faced. GEARING investment properties through your self-managed superannuation fund (SMSF) offers brilliant tax savings and is a great retirement planning idea, but it can…

Tax time preparation tips for property investors

Source: YIP magazine It is that time of the year again to get your documents together in readiness for your accountant to lodge your annual income tax return. Here are our top tax time tips for your end of financial year preparation: 1) Understand what you can claim: The simplest way to maximise your tax…