THE COMPELLING CASE FOR PURCHASING VERSUS LEASING by Peter Tewksbury
Despite the lack of office rental growth in Brisbane in the last 8 years, the downward spiral of interest rates has made the case for purchasing an office rather than leasing still compelling.
For business owners with equity or a Self Managed Superannuation Fund the numbers speak for themselves.
We have two “live” examples below. The first is a smaller strata for a business of less than 6 people and the second is a much larger space that can accommodate more than 50 people.
*Please note that the numbers used above are indicative only and are based on a number of assumptions.
Interested parties should seek independent financial and legal advice and not rely on these numbers.
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You should seek independent professional advice from a suitably qualified and licenced professional (Plant and Associates Pty Ltd) to determine whether buying a property is feasible and suitable for your needs, in particular advice on SMSF’s requires the professional to hold at least a Limited AFSL licence allowing them to discuss whether an SMSF is suitable for you. We hold the relevant licences and offer a free 1 hour consultation to discuss your needs. Assuming you meet the initial criteria then an Statement of Advice assessing your needs and making recommendations in relation to setting up a SMSF and whether property is for you will cost $1,100. The cost to set up a SMSF is $770. A corporate Trustee is $1,100. (This includes Legals, ASIC fee, and our time in applying for the new entities and registering them with TFN and ABN).
Contact us to book an appointment. (07) 55965758 email: firstname.lastname@example.org