Property Investment
Our 5 Step Process
We use a five-step process for helping you create a property investment portfolio that will keep you secure and certain in retirement.
Part 1: The Why
Part 2: Investment Education
Part 3: Process & Implementation
Frequently Asked Questions
Understanding the basics of property investment.
Due to the properties being all over Australia, we do not provide property management. However, we do shortlist the top prop managers in the area of your property for you to select the right one for you.
We have dedicated team members that are constantly looking for properties. We have a access to a lot of different builders , developers, and sales agent to find the right property for you that matches your criteria.
We do deal with real estate agents all over the country.
We work with mid- to large-size developers that have gone through a stringent due diligence process and have a strong reputation for completion on-time, cost-effectiveness, and high quality.
Good question. A good investment property helps you move financially forward based on your ultimate goal that you are trying to achieve. That means excellent capital growth to increase your wealth, cash flow positive so that the property pays for itself and does not burden your finances, and helps reduce your tax bills significantly.
Let’s start with negative gearing because that is what most people usually know about.
Negative gearing occurs when the running cost of your investment property is greater than the rental income you receive each year. This creates a tax loss which you can normally offset against your personal income to provide tax savings.
Let’s say your rental income is $50,000 and your rental expenses is $60,000. That means you have a rental loss of $10,000. This loss of $10,000 can be deducted from your personal income therefore reducing your tax rate and tax payable to the Australian Tax Office, which should ensure that you get a tax refund at the end of the financial year.
Positive gearing occurs when the rental income you receive each year is more than the running costs of your investment property. This creates a profit of positive cashflow. Thus, you have extra funds to pay off the loan or for your personal expenses.
At Mirren Investment Properties, we believe that everybody can achieve their goals and live their dreams. If you have an income of more than $120,000 and savings and equity of more than $80,000, then this is the right avenue to start an investment property journey.
Yes, it is. The commitment fee is non-refundable and has to be paid before we start working on your property strategy.
The mentoring fee is payable after settlement of your property. This is the only time you can claim the mentoring fee as a tax deduction. [Note: If you pay the mentoring fee before settlement, it is not tax-deductible].
Mentoring fee covers all the additional services we provide [dealing with solicitors, sourcing the property manager, sourcing building inspection, cashflow analysis of your investment property, insurances and QS report] as these are not covered by the real estate act.
Yes you can buy a property in an SMSF.
The main cost is getting the statement of advice and setting up the SMSF structure. The running costs are based on what the accountant will charge you for SMSF accounting. Remember, SMSF has to have an independent auditor certify their work.
Yes as this is the fastest way for you to increase your retirement fund.
No, the law states that no personal or family benefits are to be derived from SMSF assets.
Due to the properties being all over Australia, we do not provide property management. However, we shortlist the top prop managers in the area of your property for you to select the right one for you.
Yes. We shortlist the top prop managers in the area of your property to select the right one for you.
The property manager manages the tenant and the investment property. This includes screening and shortlisting tenants, do routine property inspections to ensure all maintenance issues are up to date. Collects rent from the tenant, pays the expenses of the investment property and ensures the remaining funds are paid into your account.
- Interest on the loan repayments
- Council rates
- Water rates
- Strata
- Property management fees
- Insurances
- Maintenance of the property
- Land tax
- Depreciation
- Advertising
- Bank fees
- Pest control
- Legal costs
- Body corporate fees
- Gardening
Your property portfolio plan will guide you on how to take on debt within your means and advise on the exact rates needed to reach your goals.
No worries, that’s what the discovery call is all about. Understanding where you’re at and how you’d like to move forward. Regardless of your position, we’ll do our best to advise on your next steps.
Not at all – we’re here to assess your current situation and give you advice on how to improve your portfolio. So no matter where you are on your journey, we’ll create a strategy to carry you to your goals.
Certainly, we want all of our clients to live happy and healthy lives throughout their whole property investment journey. Your property investment portfolio plan will take your living costs into account and ensure that you’re living life to the fullest.
We have in house teams that can help you with both of these aspects. Our full-service mortgage advisory and property investment firm can help support you through every step of the portfolio-building process.
When creating your plan we have taken this all into account, making informed estimations on changes in the market, economy and rates across the board. We also implement yearly reviews to ensure your plan reflects the current climate.
No. You can go away with your property portfolio plan and follow it yourself. However, we’re on your side and want to see the same growth of your portfolio as much as you do. So whatever form of support you need from us, we’re here to help.
Case Studies
Young Family
Dual Income/Older Family
Single Income/Sole Parent
Dual Income, Less than 50 Years Old
