Anthony Cordato

My favourites are: Real Estate Development; Vendor Finance; Business Law; Property Law; Travel Law; Joint Ventures; Property Investment; Tax Effective Entities

[Anthony Cordato @Eagle_eyer]

NSW removes extra real estate taxes for foreign investors from four countries which tripled the stamp duty on purchases and also the land tax payable.
https://t.co/2hW04WFWmj

[Anthony Cordato @Eagle_eyer]

@the_law_reviews @slaughterandmay Hello from Australia. Chapter 2 is my chapter. Feel free to contact me about real estate in Australia.

[Anthony Cordato @Eagle_eyer]

Do you have a title retention clause in your terms and conditions? So that the buyer does not own the goods until they are paid for? Check that you are using the clause properly, or you may find out you can't use it, as my article illustrates https://t.co/qD0N6NcIZM

[Anthony Cordato @Eagle_eyer]

@BenPhillips_ANU @TheKouk Thank you Ben for posting the Bulletin. It confirms it's been a long and miserable 10 + years for landlords where rents have risen less than inflation and even wages, while Council Rates, Water Rates, Strata Levies, Land Tax, cost of maintenance and repairs rose strongly.

[Anthony Cordato @Eagle_eyer]

As business disruptions go, not many were larger than COVID-19. But not even the virus was large enough to disrupt the sale of the Quarryman's Hotel - for more see ghttps://www.lexology.com/library/detail.aspx?g=9b11d167-d1d3-4604-bddb-be826ddb1abc

[Anthony Cordato @Eagle_eyer]

@cjoye True, but houses / home units are hard to beat. You are right to hesitate on price directions for houses - low listings are contributing to price stability, but so are rents increasing by 25% ($120 pw on $500 pw) and many buyers paying cash (not first home buyers).

[Anthony Cordato @Eagle_eyer]

When buying a property, is a survey report worth the cost? The answer is yes, if you are buying land for a property development, and maybe if you a buying a house. For more see https://t.co/cwCboGOBLU

[Anthony Cordato @Eagle_eyer]

@TheKouk It's all so 1970s.

[Anthony Cordato @Eagle_eyer]

@sallymcmanus And causing companies with a lot of competition, such as in the building industry go broke, because they are on fixed contracts and cannot put up their prices.

[Anthony Cordato @Eagle_eyer]

@TheKouk Agree - property price reductions induced by interest rate increases are flattening out - We're back to normal interest rates. Other factors such as population growth and shortage of new dwellings take over. One you forgot - building costs have increased by 20%. Good time to buy!

[Anthony Cordato @Eagle_eyer]

Is it an effective asset protection strategy to buy the family home in the name of one spouse only?
In a recent decision, the High Court of Australia said it was effective to protect against the Australian Taxation Office.
To find out more:
https://t.co/LDDa4tucLJ

[Anthony Cordato @Eagle_eyer]

@CarlosFernicola @TheKouk With Inflation, of course!

[Anthony Cordato @Eagle_eyer]

Why are residential rents increasing? Will they increase this year?
https://t.co/bZH0MS8qnw?
Spoiler alert - yes residential rents will keep increasing and tenants will pay them, after all, what is a $100 pw rent increase when the mortgage increases by $200 pw?

[Anthony Cordato @Eagle_eyer]

https://t.co/6gPxmymzwr

[Anthony Cordato @Eagle_eyer]

A fine of $21 million against Uber has highlighted how important compliance with consumer laws is for businesses. For more see
https://t.co/fi75cR6Whl

[Anthony Cordato @Eagle_eyer]

@TheKouk Agreed, but when you couple compounding with gearing, you see why geared real estate is a clear winner in the investment stakes. A modest gearing of 50% doubles the cash-on-cash return. A high gearing of 80% quadruples the cash-on-cash return... so long as it's positively geared.

[Anthony Cordato @Eagle_eyer]

Some dogs like company. When Andrew and Alice brought Peach home as company for Zodiac, all hell broke loose in their strata scheme - "You can't have 2 dogs" they were told. They went to the Strata Tribunal. Now the dogs play happily together. See https://t.co/QfsRVU9azD

[Anthony Cordato @Eagle_eyer]

Do you lose your refund when your travel agent goes broke? See what happened when STA Travel went broke and why your fares need to be paid into the agent's trust account in my article https://t.co/h8mS65Hjfe

[Anthony Cordato @Eagle_eyer]

Marketing fail trips up SmileDirectClub and results in a $3.5m fine, refunds, correction notices and scrutiny - See
https://t.co/bqTW6O33eW

[Anthony Cordato @Eagle_eyer]

Where is your Family Trust Deed? If you can't find it, the trust might fail.
https://t.co/Texs8k7HBb