Luke on 2CC – Buying a property, what should you consider?

Luke on 2CC – Buying a property, what should you consider?

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 16 September 2022.  This week’s topic for discussion is:  What to think about when buying a property?

Key topics covered include:

  • The same kinds of issues tend to apply to a property you want to live in or a use as an investment.
  • Understand the rules and regulations around buying property in the state you’re buying in.
  • Rates, taxes, body corporate fees all apply and you need to factor in your costs to get into your thinking.
  • Interest rates and maintenance costs also apply so factor these in too.
  • Consider how many units/owners are in a body corporate, more people mean more can contribute should issues arise.
  • Align your purchase with your why – your reason for buying.
  • Remove the emotion from the transaction, it’s hard to do but vitally important.
  • What are the things you should look out for? Things like ownership, capital gains tax into the future, age of property.
  • Luke shares his top tips around property to consider before you make a decision.

Listen to the Podcast right now

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Apple Podcasts on financial planning and money Spotify podcasts on life insurance and financial planningYoutube videos on life insurance and financial planning

Do you need advice on investing? 

Investing in property can be complex. Many people don’t consider all of the costs though so you might be earning less than what you think you will earn. Seek advice before you make big financial decisions.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals.  Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation. 

Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too. 

We look forward to your company again.


We invite first time clients to make an appointment to meet with us