Are you a lawyer or legal practitioner? The chances are that like most legal practitioners you’re extremely busy and very time poor.
This has been backed up by many studies over the years. A recent survey by Lawyers’ Weekly found that the average legal practitioner in Australia is working double the hours of any other profession. So for lawyers who are at the top of their game, earning very good money, there can be a Catch-22 of wanting to use their hard earned cash to invest in something but having virtually no time to research potential investments.
Property has long been the main game of Australian investment. It’s one of the few investment types that is the first choice of everyone from those on lower incomes of $50 000 to those earning in the millions. The craze for property speculation has been like a gold rush in the last few years.
Colin Quearn, a solicitor from Perth, admitted that watching the property investment fever has been frustrating: “you see everyone else get in on the action but personally I never have the time to do the homework. I’ve got a lot tied up in stocks but I’d like to diversify into property too. Of course, doesn’t everyone?”
Lawyers and judges can make ideal property investors. They often have experience of the corporate world and certainly have a good understanding of how to read a contract. But they won’t have the detailed knowledge of the nuanced and idiosyncratic trends of the Australian property market. For instance, being able to identify long term growth suburbs in Melbourne, or knowing when an oversupply of apartments in inner city Sydney is on its way. Or having the knowledge of planned new transport infrastructure in the Hunter Valley region that will make the area far more desirable and contribute to its growth.
Just as many solicitors, barristers and other legal professionals are dependent on the help of stockbrokers, so too it’s important to have experienced, specialised professionals you can call on for property advice. Here’s where Direct Property Network comes in.
DPN has long worked with a whole array of legal professionals to assist them in building successful property portfolios.
What’s more DPN offers a special set of benefits for legal practitioners including:
- 90% lending and greater discounts on interest rates negotiated by DPN with accredited lenders.
- No mortgage insurance on investment properties, which on a $600,000 loan equates to a saving of around $12,000 - $15,000 or between 2-2.5% of the total purchase price.
- Free Trading and Asset Structure review by a certified accountant within DPN’s affiliate network valued at $1500
- Personal Risk Review and Analysis by a Financial Planner within DPN’s affiliate network
- And most enticingly, a free depreciation schedule valued at $500 on your first property purchased via DPN and a $1,000 rebate toward your tax accounting costs.
FREE - No Obligation
Ask us for a free Property Investment Plan
To qualify for the benefits you need to have a current certificate showing you’re allowed to practise in the State or Territory.
Property investment, when chosen carefully and with the support of solid research, means having a stable, second income that gives you peace of mind and a secure future.
The service DPN offers is holistic, meaning that every step of the property journey is catered for; from the initial research and consultation and crafting a suitable plan through to finance, legals, investment and helping find a property manager. It’s a well-oiled machine that takes all the stress off you.
So if you’re burning the midnight oil in Chambers or in your firm and would love to have a stable investment property portfolio to set up your future, please contact us today.