{"id":10546,"date":"2017-02-24T07:00:54","date_gmt":"2017-02-23T20:00:54","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=10546"},"modified":"2017-02-24T07:00:54","modified_gmt":"2017-02-23T20:00:54","slug":"outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/","title":{"rendered":"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101"},"content":{"rendered":"

Buyers agent Cate Bakos<\/strong> joins us this week to answer some questions we have received from listeners who are deciding if investing interstate is for them.\u00a0 Cate tells us the pros and cons and why it’s OK not to do it.
\nDuring the summer months, owners often think about the work that needs to be done in the yards of their investment properties. Work done in the yard of an investment property not only helps to boost the street appeal and attract potential tenants, but can also possibly increase the rental value of the property and the depreciation benefits. Brad Beer<\/strong> from BMT Tax Depreciation explains what a property investor should be aware of when doing any renovations to the yard in an investment property.
\nIf you’re looking to get into property or move up to the next rung of the property ladder, Michael Yardney<\/strong><\/a> has some words of advice.\u00a0 He calls it property investment 101 for rookies but it is much more than that.
\nThere is a new App you can download that has been designed to give auctions a tech makeover and <\/b>streamline the bidding process for buyers. \u00a0<\/i>We talk to the inventor and tell you how to get this great buying tool \u2013 and its FREE!
\nAndrew Mirams<\/strong> \u2013 as well as being the guru of property finance – is a seasoned investor who helps people all over Australia develop their property portfolios. \u00a0He shares some of his personal experiences with us this week as our feature guest.
\nYou will find us at iTunes under podcasts as Real Estate Talk.\u00a0 Listen there for free, leave a review which helps us grow and tells us what you like and how we can improve the show.\u00a0 Don\u2019t forget to subscribe at the site as well \u2013even if you do get the show through iTunes – so that we can tell you about the bonus offers we make to subscribers.\u00a0\u00a0 Your questions are welcome through the site as well.<\/p>\n

<\/h4>\n

\u00a0Transcripts:<\/strong><\/h4>\n

Why it is OKAY not to buy interstate – Cate Bakos<\/h2>\n

Kevin:\u00a0 <\/b>A question I\u2019m quite often asked is about buying interstate. We\u2019ve had this conversation many times in the show. You do actually cut off a lot of opportunities if you just look in your own backyard. But then by the same token, there are some good benefits in doing that because you become very familiar with your own backyard and a lot more confident about buy there.
\nI want to ask that question of Cate Bakos, who no doubt as a buyer\u2019s agent has had to look in different parts of Australia on a number of occasions.
\nDo you prefer to buy in your own backyard, Cate?
\nCate:\u00a0 <\/b>I do, Kevin. As a buyer\u2019s agent I\u2019m licensed in Victoria and not just Victoria but a more specific patch of Melbourne that I\u2019m completely familiar is always an exciting way for me to take a client journey because I am very intimate with the area, I have good relationships in the area, and I have a good feel for some of those micro-facets of those markets, which I wouldn\u2019t have if I was an Australia-wide generalist.
\nKevin:\u00a0 <\/b>Swings and roundabouts, though. Some markets move through good times and some not-so-good times. Do you find you have to sometimes broaden your horizons a bit, Cate?
\nCate:\u00a0 <\/b>I think any investor should. As an investor myself as well, I have interstate properties, and I have chosen to do that because diversification is important. I think jumping around from state to state to try to get the next hot market can be a bit of a trap for people, but if you\u2019re doing it to diversify, I think that\u2019s a really good plan, but you need to understand the growth drivers in the area that you\u2019re going into.
\nYou need to also accept that you won\u2019t have that same familiarity and market knowledge, so you need some good people who you can trust who are part of your team, whether it be the agent that you\u2019re buying from or the property manager who\u2019s looking after your property or the conveyancer who\u2019s on board. I think having local expertise is really vital when you are stepping outside of your own landscape.
\nKevin:\u00a0 <\/b>And when you do step outside, do you advise that people should get their feet on the ground, or can you actually build up enough reliable people in those areas to take their advice, Cate?
\nCate:\u00a0 <\/b>I think the answer is a bit of both, and it depends on your own timeframe. If you are wanting to be hands on and do it yourself, you need to satisfy yourself that you\u2019ve canvased that market at a more in-depth level than just sitting in front of the screen and looking at figures.
\nYou need to understand the demographic that you could be catering for, so understand your target tenant. Talk to the local property managers about streets that they avoid or streets that they prefer, and really get an in depth view from people who know what they\u2019re talking about.
\nYou can do that if you jump on a plane and go and see the place yourself, but you probably won\u2019t be able to do it in a weekend. You need to accept that you\u2019ll be clocking up some air fares, and even still with the advice that you\u2019re getting, you\u2019re just getting few viewpoints.
\nI think it can be done if that time is available to you, and if it\u2019s not you need to interview and identify a buyer\u2019s agent in the area who knows the area inside out. You\u2019ll probably need a bit of validation from whether it\u2019s past clients of theirs or agents who they\u2019ve dealt with or would use online, and just understand that they are a market expert in that area and that they have a strategy in mind that dovetails into your own strategy.
\nKevin:\u00a0 <\/b>Is it fair to say, Cate, that you can do a limited amount of investigation on the internet and by talking to people? In other words, you\u2019d make the decision about an area and then to make a decision about a specific property, you need to be on the ground?
\nCate:\u00a0 <\/b>I think so. I\u2019ve purchased sight unseen myself and it was a bit of a surprise going and seeing the property, and I would caution people against doing that. I think buying sight unseen is a mistake. If you have someone who can see it for you and even video it for you \u2013 and these days, with smartphones, that should be easy for anyone \u2013 that\u2019s certainly a step in the right direction.
\nYour point about doing some research before you head off is great, because you can eliminate areas or you can put an itinerary together for yourself and really get maximum value out of your stay. If you\u2019re doing that, you need to be conscious of when you\u2019re going up, what the market forces are at that time of year or during the week. You don\u2019t want to go up on a day where agents are unavailable, so you just have to be quite particular about your planning phase as well.
\nKevin:\u00a0 <\/b>How do you avoid the analysis paralysis is? You can over-analyze the situation, can\u2019t you?
\nCate:\u00a0 <\/b>I see so many people over-analyzing, and the time that they spend perfecting the model precludes them from the market that they could have bought in to \u2013 they\u2019ve lost time in a moving market \u2013 or they\u2019re just so petrified of making a decision they don\u2019t make a decision.
\nI think making sure that between yourself and your partner, if you\u2019re doing this with a partner, that you\u2019re both prepared to press the go button and commit to a purchase. The most important piece of logic they can have in their mind is understanding that there\u2019s no property that scores 100%. Once you\u2019ve accepted that, you can accept imperfections, because property is all shades of gray; it\u2019s just not black and white.
\nKevin:\u00a0 <\/b>Do you rely at all on gut feel, or do you rely solely on the facts?
\nCate:\u00a0 <\/b>It has to be a combination. Intuition and gleaning information from other agents or from the agent who\u2019s selling the property is one thing, and gut feel is an important concept to understand. But all of the figures have to be pointing into the right direction first.
\nI always look at the cash flows and I look at the comparative sales analysis so that we have the right figures in mind and we understand the yields and we understand what sort of growth we can anticipate. But when it comes to a particular purchase or a tenant type or a street type, you absolutely need to trust your intuition.
\nThe better results are always achieved when you can put a description on that gut feel if it\u2019s a bad one so that you can understand what it is. It might be that the neighborhood just feels unsafe or that the orientation of the property is wrong and it feels too dark. If you can label it, then you\u2019re already stepping in the right direction.
\nKevin:\u00a0 <\/b>Cate Bakos has been my guest. If you want to talk to Cate, you can do that at her website, CateBakos.com.au.
\nCate, thanks so much for your time, talk again.
\nCate:\u00a0 <\/b>Thank you, Kevin. Look forward to it.<\/p>\n

<\/h2>\n

Spend money outdoors and reap the benefits – Brad Beer<\/h2>\n

Kevin:<\/b>\u00a0 Well, during the summer months, owners quite often think about the work that needs to be done in the yards of their investment properties. Work done in the yard of an investment property not only helps to boost the street appeal and attract potential tenants, it can also possibly increase the rental value of the property and the depreciation benefits.
\nSo what should a property investor be aware of when their doing any renovations to the yard of an investment property? To answer some of our questions, Brad Beer<\/strong> from BMT Tax Depreciation joins us.
\nHi, Brad. Thanks for your time.
\nBrad:<\/b>\u00a0 Hi, Kevin. Great to be here.
\nKevin:<\/b>\u00a0 I wonder if starting off, if you can just give us some examples of outdoor structures that do qualify for the capital works allowance?
\nBrad:<\/b>\u00a0 Well, Kevin, basically whenever you do any sort of work in the yard, most things are going to have some sort of deductions. Any retaining walls or hard landscaping, pretty much any money you spend on structural type things will have some Division 43 allowance available.
\nKevin:<\/b>\u00a0 Can you give us some examples of the plant and equipment items in the yard that can also attract depreciation deductions?
\nBrad:\u00a0 <\/b>Yes, definitely. An interesting one is a garden shed is seen as a removable structure.
\nKevin:<\/b>\u00a0 Really?
\nBrad:<\/b>\u00a0 Not the concrete slab; that would be Division 43. But the actual garden shed is a plant and equipment item. Watering systems and things that are mechanical that you add to the yard in any way. If you\u2019re doing pools, things like pool pumps, anything that you add that\u2019s kind of mechanical in nature is probably going to be plant and equipment.
\nKevin:<\/b>\u00a0 Just on another point now, if I were to remove something from the yard or throw it out, is it best to contact a quantity surveyor before I actually do that?
\nBrad:<\/b>\u00a0 The yard is no different than the rest of the house in that respect, Kevin. Anything that you\u2019re throwing away, if there has been any value in relation to that item claimable as either plant or Division 43, whatever is left is an instant potential reduction in that year that you throw it away. So before you throw it away, make sure it\u2019s been depreciated over the time and you get to make that deduction instantly for whatever value is actually left.
\nKevin:<\/b>\u00a0 Yes, another good reason to contact BMT if you\u2019re going to be doing anything like that.
\nMate, another question I\u2019m commonly asked is does the depreciation schedule have to be updated any time any new items are added to the yard?
\nBrad:\u00a0 <\/b>The important thing is to get it done before you rip things apart because, firstly, you want those deductions, and secondly, if you do rip it apart, you have evidence of what was there.
\nNow afterwards, with very simple things, sometimes the accountant can make an update or we\u2019ll make an update. So it\u2019s best to contact, have a discussion. You have some of the costs. We can easily add them in afterwards. If it\u2019s just one thing, it could be the accountant just does it, but if it\u2019s a few, talk to us and we\u2019ll update the schedule very easily.
\nKevin:<\/b>\u00a0 On our website, Real Estate Talk, there\u2019s a special area for BMT Tax Depreciation. You can contact them there; just click on the button.
\nMate, just before I let you go, I just want to ask about everyday repairs in maintenance to, say, items in the yard. Can that affect the depreciation deductions?
\nBrad:\u00a0 <\/b>It\u2019s the same with across the property. If it\u2019s a repair, then it should be claimable straight away. Maintenance, like mowing the yard and things like that, you\u2019d expect to be instantly deductible. When you actually make improvements, then those things need to be depreciated instead.
\nSo if you repair a fence with a couple of palings, that should be instant deductions. But if you replace the fence with a new one, then it\u2019s probably going to be a capital improvement that needs to be depreciated over time.
\nKevin:<\/b>\u00a0 It\u2019s so easy to see why so many investors miss out on the opportunities with depreciation, because it is a complex area and very easily overlooked. That\u2019s why we always recommend you contact our friends at BMT Tax Depreciation. They will put you on the right track.
\nOnce again, Brad, thank you so much for your time, mate.
\nBrad:<\/b>\u00a0 Thanks, Kevin. Always a pleasure.<\/p>\n

<\/h2>\n

Property investment 101 – Michael Yardney<\/a><\/h2>\n

Kevin:<\/b>\u00a0 This show, of course, is all about helping you build a good strategy and build a good portfolio. But what happens if you want to move to the next level, if you\u2019re uncomfortable with where you are now or even if you want to start? Let\u2019s have a look at some property investment 101 advice for rookies. Michael Yardney<\/strong><\/a> joins me from Metropole Property Strategists<\/a>.
\nMichael, I guess you come across this quite often where you\u2019re very knowledgeable \u2013 as the rest of your team and you\u2019re dealing with this all the time \u2013 but someone comes to you and just says, \u201cLook, I just need some very basic advice.\u201d What would you say to them, Michael?
\nMichael:<\/b>\u00a0 Good question: where do you start? Because property investment is simple but it\u2019s not easy and, Kevin, that\u2019s really not a play on words. It\u2019s not something you enter into lightly, but for some reason, that\u2019s what a lot of people think they can do. They dream they can make millions of dollars with real estate and they just go off, and buy any house and they stick a tenant in and they think they\u2019re going to make a killing.
\nIt doesn\u2019t work that way. The market\u2019s been very brutal to a lot of investors recently, hasn\u2019t it?
\nKevin:<\/b>\u00a0 It certainly has.\u00a0 What are some of the pieces of advice you would give, Michael?
\nMichael:<\/b>\u00a0 I guess the first one is knowledge is power in property investment, so you need to understand what makes an investment grade property, because most properties aren\u2019t. In my mind, in the current market, where there are over 250,000 <\/b>properties for sale in Australia \u2013 which is actually a bit less than are normally on the market \u2013 there\u2019s probably only about 2% of those that would in my mind fall into what I would call investment grade.
\nFirst of all, you have to recognize that you make your money in real estate four ways: You make it through capital growth \u2013 that helps you build a sound asset base. You make it through cash flow, which you need to help pay your mortgage. You make it through tax benefits. And the fourth way you make your money in property is through forced acceleration by manufacturing some capital growth through renovations and development.
\nUnderstand how property works. Step one, Kevin, would be to get a good understanding of property, finance, and a little bit about economics.
\nKevin:<\/b>\u00a0 So understanding the market and understanding, too, I guess, Michael, that it moves in cycles. You and I have talked about this on a number of occasions, haven\u2019t we?
\nMichael:<\/b>\u00a0 Definitely. The next step is understanding that there\u2019s not one property market in Australia, and even in your own state, there are multiple markets defined by geography, defined by price points, defined by the sort of property, and that they are all at different stages of their own cycle.
\nWhile timing the market isn\u2019t the be all and end all of it, it certainly helps to understand how the market moves and where your current market is in its own stage of the cycle so that you don\u2019t get caught out as it turns.
\nKevin:<\/b>\u00a0 What about location? How important is that, Michael?
\nMichael:<\/b>\u00a0 In my mind, the location does the majority of the heavy lifting of your investment. While it\u2019s not exactly accurate, about 80% of the value of the property is in the growth of your property \u2013 the success of your investment is related to the location \u2013 and 20% is maybe that property within the location.
\nI look for demographics. I look for locations where people have higher disposable incomes and can afford to and are prepared to pay a premium to live there. In general, Kevin, these are the inner and middle ring, affluent suburbs of our big capital cities.
\nI also look for areas that are gentrifying, where the nature of the property is changing as well and more affluent people are moving in, because these people tend to spend money on their homes and improve the houses, therefore pulling up the value of other houses around them.
\nYes, you\u2019re right, Kevin; location is a critical component to the property game.
\nKevin:<\/b>\u00a0 I\u2019ve heard you say, too, that property investment is really a game of finance. So money is pretty important, Michael \u2013 how you handle money and how you strategize around it?
\nMichael: <\/b>\u00a0Kevin, more so today than for many, many years. It always has been important, but if the banks will lend you more, you will then be able to buy more. So a well-rounded understanding of how to maximize your borrowing power by using equity and leverage to buy more properties is going to be important to you.
\nAnd just as important is understanding the power of having a facility like a line of credit or something like that as a cash flow buffer for when circumstances change.
\nKevin:<\/b>\u00a0 Michael, since we\u2019re talking about money \u2013 we\u2019ve talked about this \u2013 it\u2019s relatively easy to make lots of money through property investment, yet many people still manage to lose it. Why is that?
\nMichael:<\/b>\u00a0 Kevin, we\u2019re not taught how to do money. You\u2019re not coming out of the womb knowing how to do it. Therefore, we pick up bad money habits along the way and often from our parents and very much from our friends. The world and society is making it easier to do that with anyone able to get a credit card or a store card or interest-free for 24 months.
\nYes, to become financially independent you have to become financially literate. You have to become financially fluent. More than literate, you have to be good at it. Managing money, budgeting, balancing the books \u2013 they\u2019re basic things that you have to get to before you can even start managing a multi-million dollar property portfolio. But most people don\u2019t know how to balance their credit card, Kevin.
\nKevin:<\/b>\u00a0 That\u2019s right. Just sum it up for me, Michael. What would be the final words of advice or maybe the warning that you\u2019d give to investors?
\nMichael:<\/b>\u00a0 There are a couple of steps to it. First of all, formulate a plan. Understand what your end goals are, what you want to achieve, and then make decisions according to that.
\nBe cautious. Everyone\u2019s happy to give you advice, but rather than listening to all these well-meaning friends, not everything that glistens is gold. Not everyone can be a property millionaire, so take things with a grain of salt, I guess.
\nUnderstand the difference between a salesperson and an advisor, because everyone\u2019s going to be around wanting to give you advice when they suddenly hear that you\u2019re interested in getting into property investment. Instead, be prepared to pay for advice. I find that good advice is never expensive; in fact, it\u2019s much cheaper than learning from your mistakes.
\nAnd understanding what becomes a good investment property and not rushing off and buying the first thing you see and getting too excited by it all. Because property doesn\u2019t discriminate; it doesn\u2019t care who owns it. And even though we\u2019re going to have some interesting times ahead this year, over the next 10 years, our property values are going to double again. They\u2019re going to go up by billions and billions of dollars in Australia. They don\u2019t care who owns it, so you may as well own part of it and get it right and have your share.
\nKevin:<\/b>\u00a0 Indeed. Great words of advice, Michael. Thank you so much for your time.
\nMichael Yardney<\/strong><\/a> from Metropole Property strategists. The blog for Michael \u2013 check it out for yourself. If you\u2019re not already subscribed to it, you should be. It\u2019s called PropertyUpdate.com.au.
\nThanks for your time, Michael.
\nMichael:<\/b>\u00a0 My pleasure, Kevin.<\/p>\n

<\/h2>\n

My secrets to property investment success – Andrew Mirams<\/h2>\n

Kevin:<\/b>\u00a0 Our feature interview this week is featuring Andrew Mirams<\/strong>, who\u2019s no stranger to our show, but we\u2019re hopefully going to learn a little bit about Andrew that we didn\u2019t know before we started this conversation. Andrew, of course, is from Intuitive Finance and he\u2019s a regular contributor to our show. We certainly know how talented you are when it comes to talking finances, but let\u2019s find out a little bit more about you.
\nAndrew, good morning, and welcome to the show.
\nAndrew:<\/b>\u00a0 Hi, Kevin. How are you?
\nKevin:<\/b>\u00a0 Good, mate. Good to be talking to you again. Andrew, we probably will end up talking about finance because we always do whenever we talk to you, but what about your involvement in property investment? How did it start for you?
\nAndrew:<\/b>\u00a0 Basically, I\u2019ve been in finance all my life, so as a 15-year banker before, now a nearly 15-year mortgage broker, obviously being around it all the time it tweaks your interest. I\u2019ve always had an interest \u2013 even at an early age \u2013 in finance and property and maybe games of Monopoly. I can\u2019t remember whether I won or lost, but I was always intrigued by accumulating property and how you did it and all that sort of thing.
\nSo, I started at a young age and then once you start in the industry and you start seeing people doing well themselves, that obviously piques your interest.
\nKevin:<\/b>\u00a0 You\u2019d certainly rub shoulders with a lot of people who are doing it well, and you\u2019d also see a lot of people you\u2019ve no doubt learned from over the years. So, I will ask you about that, but tell me about your first property investment purchase. Where was it, and how old were you?
\nAndrew:<\/b>\u00a0 It\u2019s the classic story. Obviously, we bought our first home. Our first home was a little house in Castlemaine in country Victoria. We did that because my wife and I just got engaged and we wanted to move in there. But you move around as we did in the bank in those days, and the first actual property investment is a classic, like probably most people do.
\nThe house for sale over the road went up and we thought it would be a great little investment, so we bought it. Not the best investment. It was in a country town called Stawell, which is actually where I grew up in country Victoria.
\nYes, the classic like what we all do, Kevin. We see something across the road or in our local neighborhood and we think that\u2019s the best investment, so let\u2019s grab it. We did, and we didn\u2019t do too badly out of it, but like everything, if you could put an old head on young shoulders, we wouldn\u2019t have invested there. We would have made much smarter decisions earlier on.
\nKevin:<\/b>\u00a0 Was it where the property was, or was it the fact that it was in Stawell?
\nAndrew:<\/b>\u00a0 No, it\u2019s still a beautiful little country town in Western Victoria. It\u2019s just the limited growth in a small country town. We got a good rent return. We thought, \u201cOh, this is all right. It\u2019s paying for itself.\u201d But like I said, we were able to get ourselves out of it without any real damage done but didn\u2019t make any money. We learned a very valuable lesson very early on, Kevin.
\nKevin:<\/b>\u00a0 I remember in our very early investment days when we were moving around a lot, when I was in radio, the banks were quite reluctant to lend to you as an investor. They really just wanted you to buy your own principal place of residence and pretty much stay there. They wouldn\u2019t even allow you to transport loans in those days, so that\u2019s going way back.
\nIt made it very hard to start to build a portfolio at a young age.
\nAndrew:<\/b>\u00a0 Yes, it did. But when we had the deregulation, when the markets and the banks and the finance market deregulated, that probably started to free up things and made it easier for people to be able to accumulate.
\nIn the old, olden days\u2026 Way before our time, Kevin, of course. We are a couple of young guys\u2026
\nKevin:<\/b>\u00a0 I\u2019m giving my age away here.
\nAndrew:<\/b>\u00a0 You are a bit. We probably both could, but let\u2019s not.
\nThe only way to do an investment portfolio would have been literally if you had money. The wealthy just kept getting wealthier. Now it\u2019s a little bit easier for everyone to get into the market.
\nThere are some rules and regulations. The same old golden rules still apply \u2013 you have to have a deposit and you have to have an income to service it \u2013 but pretty much the markets have liquefied as the county has grown and everything like that.
\nYou\u2019re encouraged now to build your own wealth profile and look after yourself rather than rely on a pension, so it\u2019s become easier in time to be able to get into the property markets.
\nKevin:<\/b>\u00a0 I want to ask you about mentors and who you turn to and who you get your inspiration from. But before we do that, can I take you back? You purchased that first property with your wife. That was the one in Stawell. After you sold that property, was your next property a principal place of residence, or was it an investment?
\nAndrew:<\/b>\u00a0 We\u2019d always had our principle place of residence and things like that through the journey. We\u2019d been able to buy and sell our homes and upgrade, so we\u2019ve done okay there.
\nOur next investment property journey, we put our trust a little bit blindly into a financial planner\u2019s hands in Melbourne who bought us a property. Nice property. If I said I\u2019d bought a property in South Yarra, it makes people say, \u201cGee, that must have done well.\u201d
\nAnother golden mistake, we trusted a planner who was getting a little bit of money on the kickback, so we didn\u2019t get the right figures. It was actually a studio apartment with Quest Group, <\/b>a service department, and that was really a yield plan I didn\u2019t need when I was in my mid to late 20s. I didn\u2019t even need yield; I wanted <\/b>capital growth.
\nAgain, you learn by trusting others. We all need mentors around, and we need the right mentors. That\u2019s probably the key and doing your research and what\u2019s in it for everyone, not just in it for you
\nWe got out of that property without any real damage done, but when I say that, we\u2019re not losing money, but the idea of investing in property is, of course, to make money. We got out of that, and since then, we\u2019ve slowly and surely built a great team around us.
\nWe use some buyer\u2019s agents now who we know have our interests at heart, because I don\u2019t have time to go out and do all the research myself and things like that. It\u2019s not because I don\u2019t know the markets; I literally just don\u2019t have time to be doing what they can do really well. Now they\u2019ve helped me start to build and accumulate my property portfolio.
\nKevin:<\/b>\u00a0 When you\u2019re working with buyer\u2019s agents like that, Andrew, do you actually give them a good brief of what you want, or do you find that they intuitively know what you need or what you want in your portfolio?
\nAndrew:<\/b>\u00a0 A bit of both, but again, it also comes down to your budget. You can\u2019t have a champagne diet on a beer budget. It has to be within your limitations. It has to be what you\u2019re looking for, what you should be trying to add to your portfolio. You do that in conjunction with good mentors, good buyer\u2019s agents, and things like that.
\nThey\u2019ll work with you about who, what, when, where, and how, and as long as you have a budget, they can generally find the right property or the style of property to complement your portfolio.
\nKevin:<\/b>\u00a0 Do you work with more than one buyer\u2019s agent?
\nAndrew:<\/b>\u00a0 Yes, I have one really strong networking connection, but we have some networks. Over the journey, you meet lots of people, so we do know quite a number of the buyer\u2019s advocates. It\u2019s like brokers and bankers and everything like that; there are good ones and bad ones. I shouldn\u2019t probably say bad ones, but there are ones I trust more than others, I guess, with the same philosophy as mine.
\nKevin:<\/b>\u00a0 Do you invest in different parts of Australia, or are you pretty much just doing it in your own back yard?
\nAndrew:<\/b>\u00a0 No, I learned about the own back yard, or as it was, across the front yard, on the other nature strip. No, across numerous markets. It\u2019s the old diversification. There\u2019s not one I hold dear about having to have cash and shares and things like that, but I do think you can invest in different markets with the right team around you to help you buy in different markets, because you\u2019re going to get different metrics and different performance from different properties at different stages.
\nYes, I invest across Melbourne, Sydney, and Brisbane.
\nKevin:<\/b>\u00a0 What would you say has been your best property investment?
\nAndrew:<\/b>\u00a0 Mid last year, we finished our house, which is quite a nice property in Hampton in Melbourne. And it\u2019s great. It suits our lifestyle and it suits all the things that we\u2019re able to put in the property. That\u2019s been good. We added a nice little unit in Coogee a few years ago, and that has gone up quite substantially, so that\u2019s probably the best one.
\nBut I\u2019m finding now anything you can add value to\u2026 Buying the new properties and the amount of properties that are coming up out of the ground and things like that, I think if you can get the old ones with the really good structure and bones around them, the nice big open areas, and things like that and do a really nice renovation, I think you can do really well.
\nThat can be units or it can be houses. You don\u2019t have to completely bulldoze a house, either; you can do really nice renovations and improvements \u2013 structurally or non-structurally \u2013 to add value to your portfolio.
\nKevin:<\/b>\u00a0 What sort of property investor are you? Are you adventurous? Are you conservative?
\nAndrew:<\/b>\u00a0 The reality is you get a tax deduction for putting your investment out there, so everyone who does invest is a little bit adventurous. I wouldn\u2019t say I\u2019m a great deal. I\u2019m not a developer, I\u2019m not trying to make the next quick buck or anything like that. History would show that capital growth is what I\u2019m after, and capital growth is brought about by buying the right properties in the right areas and then allowing time to do their thing. So, probably not adventurous.
\nAggressive: I want to get as much property as I possibly can and have as much there, well leveraged and looked after with a nice buffer <\/b>so that I can continue to support my lifestyle now but more so into the future when I\u2019m not working as hard and have a nice portfolio there to support me.
\nNot adventurous, but certainly aggressive while I\u2019m trying to build and continue to add good properties to my portfolio.
\nKevin:<\/b>\u00a0 Help me with a bit of advice now for someone who may be looking at getting started with their own portfolio. Can you give us some good advice we can pass on to them, things that you\u2019ve learned over the years?
\nAndrew:<\/b>\u00a0 Yes. Get a great team around you. Again, in finance, I thought knew it all. I won\u2019t say I do now, but after 30 years of seeing lots of mistakes \u2013 some I\u2019ve made myself but lots of people\u2019s mistakes \u2013 get a great team of financiers, buyer\u2019s advocates, lawyers, accountants, and things like that around who you can trust, who actually work for and get paid by you so that they have your best interest at heart.
\nDo your research on those people. Google and the Web and everything like that is an amazing tool to be able to just get some research and validate the person you\u2019re actually in business with. That\u2019s the first thing.
\nNo one starting out should have to make the same mistakes that we probably have, Kevin. So listen and learn from people who have made those mistakes. None of us are bulletproof; we\u2019ve all made mistakes. The best team you can get around you that can help you try to avoid some of those mistakes, I think the better you\u2019ll be in the long term.
\nKevin:<\/b>\u00a0 What books or courses would you recommend anyone should undertake if they\u2019re looking at starting a portfolio?
\nAndrew:<\/b>\u00a0 None of the courses that are spruiking. Don\u2019t go to anything like that that has something for sale. I can remember walking along Noosa. They used to grab all what they call the Mexicans on the Gold Coast and wheel you into some show and try to get your data. They\u2019d give you a couple of tickets to something, but they\u2019re all about trying to sell you something. So, anyone who\u2019s got something to flog or to present or hoping to get a signature from you that day, don\u2019t ever attend those.
\nGo to people who are doing it. Listen to people who are doing it and saying it. I think one of the best property mentors and guidances is Michael Yardney<\/a>. He has numerous books out there that you can read.
\nI think people like Chris Gray and people like that who are doing it themselves, they have a reputation, they obviously put themselves out there to be questioned, but they\u2019re quite honest in their approach and have the same thing: the test of time. They\u2019re all long-term investing, not a get rich quick scheme or buying something off the plan or anything like that where you\u2019re going to save some stamp duty but it won\u2019t go up in value. Anything like that.
\nLike I said, Google and the Internet is a pretty amazing tool that you can get lots of information from. Don\u2019t go to anything that anyone is trying to sell you something on that day, because they\u2019re just trying to rip you off, talk to your emotions \u2013 like going to an auction, talk to your emotions, and get your autograph on a line. So, steer clear of those, but otherwise, there are lots of great mentors and property advocates out there.
\nKevin:<\/b>\u00a0 What advice are you giving your kids about getting into property?
\nAndrew:<\/b>\u00a0 Great question. You can hand your kids some money one day and go, \u201cHere, go ahead and do it and potentially make some mistakes.\u201d I\u2019m making my kids save some money, so I want them to have some skin in the game, but we\u2019re educating.
\nWe\u2019ve been showing them what we\u2019ve been doing for some time. We\u2019ve had them actively involved in the decisions and the portfolio and things like that we\u2019ve done. And the plan is\u2026 My \u00a0son is working, my daughter isn\u2019t at the moment. They\u2019re 22-year-old twins.
\nWe want to help them by showing them and getting them involved in doing it. So, their first property investment \u2013 I hope, if everything goes well and they can save their money. My daughter is just about to start work, so she hasn\u2019t got much money having been a uni student for three years.
\nWe want to get them into a development where they\u2019re going to put some of their money in, but they\u2019re going to get to see the start to finish project \u2013 how to buy, what you need to do. They\u2019ll have their hand held by a buyer\u2019s agent and obviously myself looking and hoping, but I want them to make some decisions. They\u2019ve seen what we\u2019ve done, so now I think the best way to educate them is by doing.
\nMost people learn when you do something and make mistakes, or you have to actually make a decision. It sticks a lot more in your mind than just having some money, buying something and hoping it goes up.
\nSo, we\u2019re trying to do that, trying to teach them. Rather than throwing them a fish and feeding them for a day, we\u2019re going to try and teach them how to fish, Kevin.
\nKevin:<\/b>\u00a0 Yes, well done, mate. That\u2019s very well said, and that\u2019s some great advice. We\u2019re going to leave it there. Thank you so much for your time, Andrew. It\u2019s been great talking to you, and thank you for sharing your story with us. It\u2019s always quite inspirational.
\nAndrew Mirams from Intuitive Finance. Thanks for your time, mate.
\nAndrew:<\/b>\u00a0 My pleasure, Kevin. Have a great day.<\/p>\n

<\/h2>\n

Auction bidding made easier – Simon Cohen<\/h2>\n

Kevin:<\/b>\u00a0 I mentioned at the start of the show that there\u2019s a brand new platform called AuctionWiz streamlining the bidding process for buyers. Joining us now from the company who\u2019s behind this one \u2013 Cohen Handler \u2013 Simon Cohen<\/strong>, who is one of the directors of that company.
\nGood morning, Simon. Thanks for your time.
\nSimon:<\/b>\u00a0 Good morning, Kevin.
\nKevin:<\/b>\u00a0 Tell me about AuctionWiz.
\nSimon: <\/b>\u00a0For about the past five years, we\u2019ve seen a lot of buyers bidding at auction. We sponsor the major auction centers in Australia, and we\u2019ve seen bidders who go up and specifically bid on the biggest asset they\u2019re ever going to buy without much experience. Mainly over the past 12 months, Ben and I have built this platform where someone who wants to bid hops on, they fill out the criteria of the property they are looking to buy, they get matched with three of the buyer\u2019s agents from Cohen Handler. All these buyer\u2019s agents have independent reviews \u2013 and they get to choose who they want to bid and represent them at the auction.
\nKevin:<\/b>\u00a0 How much work investigation will you do, and will you help me set some limits and values on it?
\nSimon:<\/b>\u00a0 Yes, absolutely. There will be different options. What you will do is you\u2019ll hop on the platform, you fill out all the details of the area you\u2019re looking in, etc., and you\u2019ll get matched with three different buyer\u2019s agents in that area, so you have your choice.
\nYou\u2019ll be able to pick which one you like the sound of. You can then connect with them and they can go into as much due diligence on the property for you if you wish, or they\u2019ll simply just discuss price limits and they\u2019ll bid at auction for you. That\u2019ll be up to you as far as how much due diligence you want.
\nKevin:<\/b>\u00a0 I imagine this would be fantastic, too, for someone who wants to buy a property in Brisbane, say, and may be living in Melbourne. They can engage a buyer\u2019s agent in the Brisbane market to buy it for them. Is that the idea?
\nSimon: <\/b>\u00a0It\u2019s definitely one of the ideas. A lot of Sydney-based investors, for example, use us to buy in Brisbane, and as you rightly say, it\u2019s a huge benefit for people like that. But also buying at auction is highly emotional. It\u2019s very stressful.
\nEven if you\u2019re buying your own home and you\u2019re a first-home buyer, you want someone to take control for you. Otherwise you really get pushed up in price, you go beyond your limit, and you don\u2019t really know what\u2019s going on.
\nKevin:<\/b>\u00a0 Who is going to use this, do you think? Who will be the major users? Will it be investors or will it be home buyers \u2013 maybe people too busy to go or even don\u2019t have the skill to do this?
\nSimon: <\/b>\u00a0I think it\u2019s going to be a bit of a mixture of first-home buyers and investors. It might take a bit of time for the more seasoned buyer to catch on. But definitely investors, as you say, and first-home buyers. For them, it\u2019s a no-brainer.
\nKevin:<\/b>\u00a0 What\u2019s the cost of doing this, Simon?
\nSimon:<\/b>\u00a0 It\u2019s around $699, which is just a one-off flat fee.
\nKevin:<\/b>\u00a0 That is only if I get you to buy. So getting the app is free?
\nSimon:<\/b>\u00a0 Yes, absolutely. And if you engage with us.
\nKevin:<\/b>\u00a0 How much notice would you need to gear up for this?
\nSimon:<\/b>\u00a0 It really depends how much choice you want. You\u2019ll get matched to the three. If the one out of the three is already busy at that auction time, you\u2019ll go to the next person or the next person. It really depends how much choice in the person you want bidding for you.
\nKevin:<\/b>\u00a0 I\u2019m just curious to know why someone would use this. Most people generally do actually bid on their own behalf but given the fact that some people only ever buy one or two properties in their entire lives, what do you see as some of the tragic mistakes they make, and how can spending this $700 actually save them some money?
\nSimon: <\/b>\u00a0I\u2019ve seen people bid against themselves at auction. They were the last bid at $690,000. The agent or the auctioneer gets them to bid against themselves to $700,000 or $710,000, which is highly unnecessary. I see them bid because they think someone else has made a bid but they haven\u2019t. I see them go above their limit.
\nTypically increments at auctions go in $10,000, $15,000, $20,000, increments. So, if you\u2019re spending $695, to save $10,000 or $15,000, it certainly makes sense.
\nKevin:<\/b>\u00a0 They\u2019re pretty basic mistakes, aren\u2019t they? Does that happen because of the emotion of the auction or the fact that they don\u2019t really know or understand what\u2019s happening?
\nSimon:<\/b>\u00a0 There are some incredibly seasoned people who go to auction \u2013 people who have done it before \u2013 but emotion takes over. Whenever you\u2019re buying something for yourself, emotion always takes over.
\nKevin:<\/b>\u00a0 Good talking to you. Simon Cohen, director of Cohen Handler. Tell us how we can get that app.
\nSimon:<\/b>\u00a0 Just go into the browser and type in AuctionWiz.com and it should come up. It\u2019s in beta stage right now. We\u2019re just making a few touches, but you can enter all your details and you\u2019ll still be in touch with a buyer\u2019s agent.
\nKevin:<\/b>\u00a0 Sounds fantastic. AuctionWiz. Good on you, mate. Thanks, Simon.
\nSimon:<\/b>\u00a0 Thank you. Have a great weekend.
\n 
\n 
\n 
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Buyers agent Cate Bakos joins us this week to answer some questions we have received from listeners who are deciding if investing interstate is for them.\u00a0 Cate tells us the pros and cons and why it’s OK not to do it. During the summer months,…<\/p>\n","protected":false},"author":176692471,"featured_media":10590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,24],"tags":[101],"class_list":["post-10546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-shows","tag-podcast"],"yoast_head":"\nOutdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101 - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101 - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Buyers agent Cate Bakos joins us this week to answer some questions we have received from listeners who are deciding if investing interstate is for them.\u00a0 Cate tells us the pros and cons and why it’s OK not to do it. During the summer months,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-23T20:00:54+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"38 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101\",\"datePublished\":\"2017-02-23T20:00:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/\"},\"wordCount\":7629,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Shows\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/\",\"name\":\"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101 - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-02-23T20:00:54+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101 - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/","og_locale":"en_US","og_type":"article","og_title":"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101 - Realty Talk","og_description":"Buyers agent Cate Bakos joins us this week to answer some questions we have received from listeners who are deciding if investing interstate is for them.\u00a0 Cate tells us the pros and cons and why it’s OK not to do it. During the summer months,...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/","og_site_name":"Realty Talk","article_published_time":"2017-02-23T20:00:54+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"38 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101","datePublished":"2017-02-23T20:00:54+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/"},"wordCount":7629,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Kevin Turner","Kevin's Update","Latest Stories","Shows"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/","name":"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101 - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-02-23T20:00:54+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/outdoor-structures-that-qualify-for-capital-works-allowance-why-it-is-ok-not-to-invest-interstate-property-investment-101\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Outdoor structures that qualify for capital works allowance + Why it is OK not to invest interstate + Property Investment 101"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/10546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=10546"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/10546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=10546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=10546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=10546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}