Adelaide - Property Investing Tips for Doctors , Brentnalls SA, Thursday, 06. February 2020

Property Investment is one of the biggest areas that health professionals invest in. Medical and Dental Practitioners have multiple reasons to invest in property and with the right advice and assistance growing a substantial property portfolio while benefiting from the tax advantages of negative gearing, CGT exemptions and asset depreciation. 
The past four months have shown consistent small growths in key markets that have previously indicated the turning point of a down-turn. Logic would have it, buying at the bottom of the market, or as close to the turn of the market is an ideal time for property investment. This two-year slump has left many investors short of cash, pressed by banks on new valuations and willing vendors in order to reduce their debt load. It is an excellent time for Medical and Dental practitioners with cashflow to invest early and take advantage of the market turn, more difficult borrowing restrictions and the soon to be released revamped first home buyers’ scheme which is intended to drive the market from the lower-priced residential housing. Is it time to buy or a time to sell? The Australian property market has been through one of its toughest market correction since the last 1800s with the median house price dropping 8.4% between July 2017 and May 2019. This has been the worst market slump in decades - even worse than the 2008 global financial crisis. The hardest hit were the prestige properties of Sydney and Melbourne with a mind-blowing 22% and 31% drop, respectively. What better time to snap up properties at 2010 prices in some locations? The best team to get you the best property investments:Regardless of if you are looking to occupy or tenant, buying the wrong property will be far more costly (both money and time) than investing in expert advice. I this property seminar you are introduced to all aspects of property investment, residential and commercial as well as the structures that can protect your assets and reduce your tax obligations during your highest-earning periods. Business for Doctors introduces you to trusted partners and service providers who offer exceptional service, value for money and the integrity that BFD has been built upon. We have hand-selected who we judge as being outstanding consultants who will support BFD members in the financial investments and day to day business. Join us to meet your local team which includes an:Accountant Mortgage Broker Buyers Agent Legal AdvisorInsurance Broker Quantity Surveyor ConveyancerProperty Manager
Business for Doctors has a reputation for providing unbiased and informative workshops, making introductions to companies that mimic the BFD values and beliefs, and support Doctors on their business journey with social media groups, business workshops and conferences. 
Dinner and refreshments included 

Accountant Identifying the reasons for property investment is essential to ensure the correct structures and entities are established. The accountant will take into consideration your personal and business risks, family responsibilities, retirement planning and current tax laws and regulations that affect investment strategies. They will also provide relevant details to your mortgage broker.  Mortgage Broker/Personal Banker - Constantly changing regulations and requirements makes it essential to discuss your borrowing capacity. Ideally preparing with current financial data will assist you in securing the best rates and benefits at the time you make an offer. Consideration for loan types, deposits and interest rates are just a few of the things discussed with your mortgage broker. Buyer’s Agent - A relatively new concept to Health practitioners who are well known for leaping into Auctions and doing market pre-research themselves. Using an agent to scope your potential market while taking into consideration your accountants and mortgage brokers advice is starting off with everything in your favour. Some clients engage buyers’ agents purely for scoping and strategizing - whereas others will have their expert assistance from start to finish. Legal Advisor - Due diligence with commercial properties and leases can be complex. Your legal team will save you headaches and ensure that your agreements are legal. Taking advice from a legal team PRIOR to signing any agreements is essential.  Insurance Broker - Regardless if owner-occupied or investment, insurance will be an essential part of property investment and a certificate of compliance will be required prior to settlement. Landlord insurance, public liability, building and contents insurance need to be taken into consideration as costs when making a property investmentQuality Surveyor - Depreciation schedules can be complex but when done correctly can save thousands of dollars in tax each year. They provide an asset list for the property and use the Australian Taxation Office depreciation schedule to create a table of tax deductions for the property. When selling property provides an easy reference for capital improvements and capital gains tax requirements.  Conveyancer - Also known as settlement agent - their role is to ensure due diligence is done on all aspects of encumbrances, restrictions or future planning will not interfere with your investment and you are aware of your obligations. Property Manager - Although some investments will be owner-occupied (residential and commercial) many will be tenanted. The various state legislations are complex and having a good property manager will be essential for protecting your investment and reducing stress and unnecessary costs. 

Thursday, 06. February 2020, Brentnalls SA, Adelaide - Property Investing Tips for Doctors

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