The Million Dollar Mistake: Why Property Developers Lose Big Without an Accountant

Most property developers focus on securing land, obtaining approvals, and managing construction costs. But one crucial step often gets overlooked: speaking to an accountant before committing to a deal.

 

Failing to consult your accountant can cost you tens or even hundreds of thousands of dollars in unnecessary taxes, inefficient financing structures, and legal complications. A poorly structured deal could mean paying extra Capital Gains Tax (CGT) on a future sale, missing out on GST credits, or losing thousands due to improper loan structuring.

 

For example, a developer who fails to account for GST obligations on new builds might face an unexpected liability that eats into their margins. Mistakes can delay projects, impact cash flow, and reduce overall profitability.

 

Making an accountant part of your decision-making process from the start ensures you maximise tax benefits, optimise cash flow, and avoid costly errors that can derail your development plans. A single consultatio...

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Maximising Property Profits: Strategies, Data & Mindset

Introduction

Buying a property is not the end goal. The end goal is: To turn that property into cold cash, so we can pay off our debts sooner, save for our retirement, pay for our kid’s tuition or go on a well-deserved vacation.

 

This means you need to keep certain things in mind before you even start looking to buy a property. Every property is not a ticket to your freedom.

 

Some of them will put you deep into a debt hole that’ll take years to climb out of. Instead of giving you financial freedom, they can become a financial nightmare.

 

So, in this blog, we’ll go over certain things to look for before buying a property. We’ll learn how to identify properties with the highest potential for profitability.

 

In this blog, we’ll see:

 

âś… 8 crucial factors that influence the future growth of a property: If a local market shows these 8 positive signs, a property development project in that area has a high chance of giving you 6-figures in profits

 

âś… 4 ways to judge a local...

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Seize the Opportunity: Australian Property Market Update: October 2023

Introduction:

The Australian property market is undergoing a remarkable transformation, offering enticing prospects for those eager to invest. In this blog post, we'll explore the latest developments in the Australian property market and why now is the ideal time to seize these opportunities.

A Resilient Market:

Since February 2023, the Australian property market has been on a robust path to recovery, bouncing back from the challenges of the previous year. The following factors have been instrumental in this resurgence:

  1. Tight Supply: The market has seen a shortage of available properties for sale, which has led to an upward pressure on prices.
  2. Increased Demand: A surge in buyer demand, especially from first-home buyers and investors, has been a notable trend.
  3. Stronger Economy: Australia's economy is thriving, with low unemployment rates and rising wages, contributing to the overall market positivity.

 

Acknowledging Challenges:

While the market is flourishing, it's essenti...

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