Newsletter 23 THE EXPATRIATE in Hong Kong, 10 Point Repatriation Guide, The Block Tax Depreciation Insights, November Property Update.

THE EXPATRIATE will be hosting a Seminar and drinks at the Royal Hong Kong Yacht Club on Tuesday, 29th of November 6 pm- 8 pm. This is a fantastic opportunity to pick the brains of Australian THE EXPATRIATE, Specialist James Englebrecht from St James’s Place Asia, Summit Financial Asia, and Adam Kingston from Australian Expatriate Finance and meet the Hong Kong Australian Expats Community. If you’d like more details, connect with us and email our team.

Seminar Agenda

1. Australian property update

2. Rising interest rates - how does this affect your borrowing capacity?

3. Currency Exchange rates/movements

4. How to get a loan in the current environment?

If you can’t make it to the above seminar, Adam and James will arrange face-to-face meetings. If you’d like to connect with our specialist, email our team at the link below and we will connect you with the specialist that suits your needs.

Asian Based Financial Planning Specialist, James Englebrecht from St James’s Place Asia and Summit Financial has put together a 10 Point Checklist for consideration before repatriating to Australia.

1. Overseas investments

2. Be aware of any tax changes

3. Review your property arrangements

4. Review your mortgage

5. Currency exchange

6. Review your insurance

7. Asset allocation

8. Wills and power of attorneys

9. Understand what your income for retirement looks like.

Insights into the SUCCESS of The Block and why its properties are attractive to investors

THE EXPATRIATE Tax Depreciation Specialist Bradley Beer from BMT Tax Depreciation and Quantity Surveyors shares his insights into why The Block Properties are so attractive to astute property investors

This year The Block location was in the Gisborne South within the Victorian Macedon Ranges, a 45min drive from Melbourne; it is a great location with sprawling lifestyle blocks, vineyards, olive groves and thriving equestrian and alpaca industries. Therefore The Block set its reserve at a mere 4 million for the Blockheads (contestants).

“From the charming location and impressive renovations to the jaw-dropping depreciation deductions and unexpected auction outcome, this season has been the most extraordinary yet.

Generating a record-winning profit of $1,586,666.666, Omar and Oz have won The Block 2022, selling their property at auction for $5,666,666.66 to serial Block buyer Danny Wallis.

For those who don’t know, Danny Wallis is a serial The Block property buyer. In 2021 he spent 12.2 million; 2020 he snapped up three of the five properties for 11.8 million.

Danny Wallis also purchased the following two properties sold on auction day, including Tom and Sarah-Jane’s House 1, which sold for $4,100,000.99, generating a profit of only $20,000.99, and Rachel and Ryan’s House 2, which sold for $4,249,000.50 post-auction generating a profit of $169,000.50.” Bradley said.

Bringing Danny’s total spend in 2022 to a whopping $14,015,668.20

Why are The Block Properties so attractive to a property investor?

1. They are filled with brand-new assets

2. They have strong tenant appeal

3. Newly renovated, therefore low to no maintenance

4. Fewer annual expenses - due to point no 3

5. Offer significant tax depreciation benefits.

We have a four insightful views of the Australian Property Market for November. Three opinions from buyers agents Chris Gray Your Empire Sydney, Lauren Staley infolio Melbourne and Zoran Solano Hot Property Buyers Agents Brisbane. Plus, we have the link to the YouTube CoreLogic Property Market Update from the Stat-man himself, Tim Lawless CoreLogic Research Director Asia Pacific. 

THE EXPATRIATE would like to congratulate Stanford Brown on their 35-year anniversary. The TE team will be in Sydney to help them celebrate their fantastic achievements.

The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.