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Property investment advise. plz.

Discussion in 'Real Estate' started by tina4ash, 17th Aug, 2015.

  1. tina4ash

    tina4ash New Member

    Joined:
    17th Aug, 2015
    Posts:
    1
    Location:
    Brisbane
    Hi All,

    I am currently holding one property (owner occupied) on my name but now we are thinking to upgrade and move to bigger property. In this case i want to take advise from you guys. key points are as below.

    -
    Time of buying this property - 2012
    Property purchase price - 320000 AUD
    Amount owing to bank - 269000 AUD
    loan structure - interest only
    loan repayments - 1200 per month
    Current value of property - 370000 AUD
    Owner - I own this property as I am earning bit high
    compare to my partner.
    Rental expected - 380 per week.


    -----------------

    Value of new property might be - 550000 (maximum)


    I need your valuable suggestions on what strategy i should use to minimize my tax on income as well as create property wealth.

    if you need more information then please let me know.

    Thanks in advance for any valuable suggestions.