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Strong opportunities in WA property: broker

Stabilising property prices and strong rental returns have resulted in strong buying opportunities for investors, according to Perth-based mortgage broker House + Home Loans.

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Osborne Park, WA
SMSF's are now a key investor in residential and other property, and we are seeing active interest from our clients - taking action rather than talking! WA State employees now have choice of super. I understand tere are about 350,000 state employees in GESB and they now have the opportunity to roll their balances into a SMSF and purchase geared property in their superfund. With these high rental yields namy investment properties will be neutral or cash positive at 80% bank debt level. Five years ago this break-even was at 60% debt level. We will be working closesly to assist any WA State Government Employee to roll their funds into their SMSF and allow them to purchase proeprty in their SMSF, along with any other appropriate asset they select. It will take time to overcome this significant property shortfall, in the meantime rising rent yields have made property investment via SMSF's the ideal Tax Haven in which to buy property. Low tax prior to retirement and zero tax in pension mode. Zero Capital Gains Tax and Income Tax after age 60 in pension mode will drive many investors back into the property market. It will take five years or more to remedy the exisiting housing shortfall, and combine that with the high skilled migration levels anticipated for the next five years this situation will not go away for a while.

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