Frequently asked questions

• Each Property Circle must have at least one nominated Director. This person will be the guarantor of the loans within the Circle and is required to have good credit history and strong serviceability
• The Director will be paid for their service with a percentage of the equity built within the Circle or a set fee. This will be determined by the group and set in the mandate

• Each recommended property is selected by our property buyers and carefully researched by our partners at Ripe House www.ripehouse.com.au who provide simple to use data analysis, tools and commentary reports on the property market
• They will work with your buyer’s agent and pinpoint the best options for your Property Circle to ensure your purchasing criteria is met
• Property Circle members will vote on your preferred property choice

• The Property Circle may engage a valuer, at the Circle’s cost, to value the properties. Generally, this valuation is done each time the Property Circle purchases a new investment

• Expenses like rates, property management fees and incidentals are all paid for directly by the Property Circle
• The rental income from your property is deposited into your Property Circle bank account and all expenses are paid from this account

Our fees are listed here

Our Fees

On top of this, Circle Members will pay for the other costs associated with setting up a Circle and purchasing a property.

Contact us for a full Circle Budget

Contact us

• The taxes you pay on your annual dividends and proceeds from any sale will depend upon your own personal situation and how you invested. We recommend you speak to your accountant about this

• The properties are held in a Unit Trust structure. The Unit Trust is owned by Unitholders (you!)
• The Trustee Company manages the Unit Trust and is owned by shareholders (also you!)
• You hold shares within the Trustee Company and units in the Unit Trust in equal amounts. 10 shares in the Trustee Company = 10 units in the Unit Trust
• – The My Property Circles team works with you and management experts to do all the hard work of running the properties and meeting any statutory requirements

• You are. Your Property Circle is controlled by the members. You make the decisions as a group

• The minimum term for most Circles is five years. If you would like to exit before, you will be required to sell your shares to another party within your circle or choose another to join the Circle (with all existing members to agree)
• Renovation and Development Circles may have shorter terms of 12 months to three years

• The default position is to sell all Properties and divide proceeds between all Unit holders

Or if all members agree you may:

• Renew for another five years and add more properties OR
• Take a property each

Exit Plan