McMasters’ helps doctors buy investment residential and commercial properties in Victoria, including its major regional areas.
McMasters’ approach is simple, and different. We watch the market looking for investment grade properties that are appropriate for clients and report back to them on a regular basis with details of properties we believe are suitable for them.
The emphasis is on long term sustainable rental yields in areas likely to benefit from demographic shifts over the next fifty years. The approach is inter-generational, with a very long term holding period. It involves establishing an appropriate investment vehicle, typically a combined company and a discretionary trust, with positive gearing, and 100% reinvestment of net cash flow into debt reduction and further future acquisitions.
We manage all aspects of the purchase for you.
Commercial property and residential property in regional issues is favoured at present. The Melbourne residential market is difficult, featuring over-eager buyers and too few sellers.
What we do for you
McMasters’ manages the entire process for you. This includes identifying and negotiating the purchase, advising on relevant tax issues, wholistic financial planning advice, ownership/structure issues, liaising with your preferred bank or other lender, liaising with your preferred conveyancer and appointing and supervising a local rental manager for the first three years, and thereafter as requested.
Alix Dower: licensed real estate agent
Alix Dower is a licenced real estate agent and financial planner. Alix has worked with McMasters’ in a variety of roles including practice manager over the last 14 years and has bought may properties on behalf of clients, particularly in Melbourne’s bayside area.
Alix works closely with Terry McMaster and the financial planning team to ensure a quality property service is provided to all clients at all times, and the property service is coordinated with each client’s overall financial planning profile.
Our tax-deductible fees
You pay a fixed fee of $12,000 plus GST per property. This is charged in a tax-deductible format in four equal annual instalments under a four-year management agreement.
This means our fee notes are largely paid out of the rental cash flow, and are tax -deductible outgoings in the doctor’s hands.
Buyer’s advocate fees are typically paid up-front and are not tax deductible.
We use a fixed fee rather than a percentage to make sure you are not pressured into paying too much for your investment property. It’s part of our general aversion to doctors paying commissions.
All third party costs such as building inspection fees, stamp duties, legal transfer fees and related incidental costs are paid direct by the client as appropriate and are not covered by our fee.
Off the plan apartments
McMasters’ does not advise doctors on off the plan apartments and limits its advice to free standing properties bought on the secondary market.