YOU ARE RUNNING OUT OF TIME!

If you have ambitions of owning your first, or another 'pre-loved' rental property in Australia's most resilient residential property market, Brisbane, if the polls are right, which they usually are, you have just two months to get out there and find it. To be certain, make sure it's settled before the election so you qualify for the existing tax rules which Labor have promised to grandfather.

Shorten and Bowen will drive a bulldozer through the pre-loved investment market with their short sighted new rules. You will be able to invest in new houses and apartments, (See Don O'Rorke about that) but if you want to buy an established rental house in say a vibrant inner city suburb, such as Dutton Park, or Highgate Hill, your expenses WILL NOT be tax deductible.

I'm sure everyone is aware of this by now, but time is almost up if you want to set yourself up for a wonderful retirement with an investment property that the tenant and the government pay off for you.

So get cracking, get out there and set up the finance, the hardest part in recent times, and if you can get that loan, do something with it. Get on to your mortgage broker today, it's just a phone call, and he or she will know in a few minutes if you can do it. Then select an area where you know values will increase over time. In my 30 years experience, the closer you invest to the city, the more assured you are of steady long term growth. Isn't this the same all over the world, allowing for the ups and downs of economic cycles? You should be looking at at least 10, better still 20 year horizons.

Look back 20 years if you need reassurance.