Our Wealth in Property Investment Seminar was a great success!
On the 9th of September we had a good turn-out of people to our very-own hosted seminar: Grow Your Wealth Through Property Investment.
It was held at The Impact Centre, Erina and the venue provided just the right size for our audience to enjoy four of the Coast’smost experienced property investment specialists share their valued knowledge.
Some of the highlights from the night included Andrew Cox from Property Safe making us all aware of just how much you are liable for as a landlord when it comes to the safety of your tenant. Many were surprised by how many things we take for granted as being a non-issue that can really become extreme risks to landlords if a tenant gets hurt and a claim is made against the landlord. Sobering insight based on very real incidents were shared.
Renee Robins from Loan Market highlighted some key points to consider when selecting the right mortgage. Greatest tip was making sure you read the ‘comparison rate’ rather than just the advertised interest rate. It is surprising that the cheapest interest rate advertised may not actually end up being the greatest value over-all when the comparison rate is calculated and compared to other mortgage comparison rates. Also don’t just take one bank’s word for it when it comes to how much you can borrow – each bank has a different formula and will give you a different figure.
Gavin Swan from Absolute Accounting Services told us all exactly how it is! “If you are primarily in property investment to save tax, then you are on the wrong boat!” he said. He also informed us how you can avoid fear of the Capital Gains tax if you know the in’s and out’s of how it works.
We had a surprise guest speaker: Anthony Booth from BMT Tax Depreciation that provided some great tips and insights on how to gain a much greater tax return by maximising your tax depreciation. The average potential savings figures looked impressive!
If you missed this event, be sure to register for the seminar next year when the time comes, it has proven a worthwhile experience for all property investors.
To hear some feedback from attendees of this year’s Grow your Wealth Through Property Investment seminar see our highlights video and reviews
Thanks to all of our guest speakers and to Absolute Accounting Services for the delicious treats on the night.