Hi all. This is my first post! I am looking to buy my first IP and looking for some guidance.
I am keen on H&L to minimise my holding costs given the depreciation benefits (I pay 47% tax) and typically low maintenance costs but concerned that most areas where H&L packages are available have oversupply.
I am interested in arguments for and against H&L versus established and also any guidance on how to find H&L packages in areas where there is not over supply, which is evident in outer suburbs such as Craigieburn in Melbourne or Butler/Alkimos in Perth.
I may seek to buy 2 properties each around $450k to $500k.
Thanks.
GG
I am keen on H&L to minimise my holding costs given the depreciation benefits (I pay 47% tax) and typically low maintenance costs but concerned that most areas where H&L packages are available have oversupply.
I am interested in arguments for and against H&L versus established and also any guidance on how to find H&L packages in areas where there is not over supply, which is evident in outer suburbs such as Craigieburn in Melbourne or Butler/Alkimos in Perth.
I may seek to buy 2 properties each around $450k to $500k.
Thanks.
GG