Ep 60 - Mike Mortlock | Are property investors paying more tax than they need to? Insights from Geared for Growth
The Elephant In The Room Property Podcast | Inside Australian Real Estate · Chris Bates
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Show Notes
In this episode, we picked the brains of Mike Mortlock. Mike is the managing director of MCG Quantity Surveyors which was recently recognized as Australia's fastest growing quantity surveying firm by the Australian Financial Review Fast 100. MCG was the first quantity surveying firm to publish real data on the average deductions for property investors.
We had a very revealing chat with Mike about:
- Tiny details investors need to understand that trigger paying more tax.
- Why, if you purchase a property off the plan, it's worthwhile getting a building compliance inspection to identify defects.
- How data on units sold off the plan, in a number of capital cities, is proving they are not great candidates for capital growth.
- Why we need to be very skeptical of media spruikers and take time on due diligence, especially given 38% of investors buy new property!
- Why housing affordability is going to be a national concern because rental yields have been increasing.
- How good advice from an accountant who understands property , an investment savvy broker, a strategic financial planner and a good conveyancer will save you in the long term.
Mike’s website:https://www.mcgqs.com.au/
Data findings & free giveaway:www.mcgqs.com.au/elephantintheroom
Episodes mentioned:Episode 45 - Noel Whittaker, Good advice doesn’t cost it pays!
Episode 46 - Lorna Patten, What causes wishful thinking and why does it cost us so much?Episode 47 - Bryce Holdaway, What does the ultimate property spruiker look like and are they all bad?
Episode 51 - Cameron MacQueen, What’s in property development for Chinese investors
Download the transcript:
www.thelephantintheroom.com.au/podcasts060
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