New Property Specialists found a brand new apartment for him for just over $300,000. With his 20% deposit and healthy rental yield it meant he did not have to pay anything towards holding the property on a monthly basis. As part of his package, he was referred to an appropriate mortgage broker, solicitor and building inspector. The team at New Property specialists arranged for a property manager to come on board to help him manage the rental.

A quantity surveyor was commissioned for Jonno to prepare a building allowance and depreciation schedule so that he could annually claim as a tax deduction the entire cost of building the property and the fixtures and fittings in the property.

Jonno has a long-term plan…he will keep the property until its value increases, and use the equity to buy another property before going through the process again.