Self-managed super funds seem to be one of the fastest growing savings vehicles for retirees in Australia.

A SMSF has the ability to purchase property and offers significant tax and capital gains concessions.

What if you could buy a property today and sell it in ten to fifteen years when you retire capital gains tax free.

We can help you choose the right property to invest in under this structure to help maximise your retirement income.

If you are interested in discussing this strategy further for yourself we can put you in touch with a reputable, qualified person to discuss this further.

For more information contact us…. We would be happy to assist you. 

1. As soon as you decide you want to sell a property in a strata block you need to get on to a good property lawyer to organise the section 32 and contracts as soon as possible. Once notified the owners corporation takes about 14 days to send out your information and there is nothing worse than being on the market with keen buyers and good offers and not being able to secure them.

2. Whether you’re an owner occupier or an investor it’s worth your time to walk around the block and see if there is anything that needs fixing that could turn buyers off. If it’s just gardening get your own hands dirty but if it’s something to do with the building or common areas notify the owners corporation asap. You are paying them.

3. If you’re an investor, go through your property and make any improvements that will help increase the sale value. Some good ways to increase value are hiring furniture, professional cleaning, having a handyman walk through the property and fix anything or even just a lick of paint.

4. Selecting the right agent to sell your property can dramatically affect the outcome of your sale. An agent usually dealing in high end properties will probably not give you the attention you deserve and see you as a little fish. The reverse can also apply.

If you are thinking of selling a strata property and would like advice on selling or to be referred to any of the extra services discussed in this article call us today.  

These tips will assist you to purchase the right property at the right price:

Tip 1: Make the Internet do the work.

Set up alerts on the 3 major real estate web sites when searching so the properties come to you, you don’t have to search through the whole lot to find the three new ones.

Tip 2: Educate yourself on property values.

Go through the auction results for your areas in front of your PC, type the address in to google and see what the property sold for as a comparison, educate yourself on values in the area for today. 

Tip 3: Build a relationship with agent.

Get friendly with the agent, be nice to them, these are the people who can help you the most when it comes to buying a property.

Tip 4: Always have another property of interest.

When submitting offers, always have another property you are interested in that is legitimate, that’s on the internet with another agent –be careful here, don’t muck it up or it could back fire.  

Justin Dunne

When your agent recommends an auction is it really always the best way to go?

If clearance rates are around 60% is it the right thing for you to be doing?

Why do they keep recommending this method of sale?

Consider the following questions:

Is it because of the increased profile they receive from advertising?

Is it because it’s a quick and easy method disposing of property for them?

How is the agent's remuneration structured from the sale of your property?

Does s/he receive an extra percentage of commission if they can convince you to go to auction instead of private sale?

When was the last time an agent called you and said “I noticed you popped through this property and did not like it but I do have something else you might be interested in”.

Next time an agent tells you they have 467 buyers registered on their data base/alert system that would suit your property, tell them to bring them through before they start advertising your property.

What motivates your agent?

When deciding how you will sell your property take some time to consider the following - are they doing what’s right for you or what’s right for them?   

Justin Dunne