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’
Do you need advice on investing?
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.
