Current Situation Age: 24 Annual Income: 100k pa Rental Income: 15,600k pa Properties 3 Bedroom House (1) Purchase Price: 316k March 2008 Current Value: Unknown Loan Value: 245k Current Status: Rented for $320 p/w 2 Bedroom Apartment + Study (Brand new, Toorak, Melbourne) (2) Purchase Price: 535k August 2009 Loan: Haven’t got the loan yet, but likely be around 482k mark. Current Value: Unknown Current Status: Under construction to be finished in late 2010. This will be my PPOR. 2 Bedroom House (3) Purchase Price: Unknown Current Price: Approx 300k Loan: 0 Current Status: Part of a family trust which I can not yet access or do anything with this property. Shares/Managed Funds STW: Approx 8k worth SLF: 2k worth Cash: 6k Macquaire Small Companies Growth Trust: 5k Current forward plan - Continue to invest in to STW/SLF - Buy in to new managed fund: Macquaire Managed Growth with 1k initially and 250 p/month contributions - Save additional cash to make loan on the apartment as small as possible. Questions - Generally, given my current situation, what would you be undertaking over the next 12 months in order to set yourself up for long term growth? Risk profile is relatively high. - Is there a way I can refinance so that I can utilise any increase in value of property number 1 in reducing the loan required for the apartment? - I will be getting an offset account with ING for the loan for the apartment? Is this the best way to go? Are there any other products you can recommend? - What is the best way to determine the current value of property number 1? So that I can determine how much equity I can release? What are the costs involved with this? - Do you recommend the current funds I am using/looking to buy in to? - Does a depreciation schedule need be drawn up in order to claim this? Accountant didn’t seem to think so. - What are some ways I can reduce the amount of tax that I am paying? Many Thanks for any advice provided.