Hi,

I have a taxation question. There was an investment property I planned to purchase at the end of last year. However, the settlement failed due to the bank valuation was too low. Can I claim the legal and travel costs occurred in this situation?

Hi,

I am planning to buy my first investment property. I don’t have a lot of money. My budget is around $350k. I am based at Sydney and I know there is nothing you buy with this amount of budget here. Therefore, I am thinking if I should invest in the other states such as Brisbane. However, after seeking advise from my friends and colleagues.…[Read more]

Hi,

I am planning to buy my first investment property. I don’t have a lot of money. My budget is around $350k. I am based at Sydney and I know there is nothing you buy with this amount of budget here. Therefore, I am thinking if I should invest in the other states such as Brisbane. However, after seeking advise from my friends and colleagues.…[Read more]

Hi,

I have recently settled my off the plan property. I discovered there are 2 major issues with the unit after I settled.

1. My car park size decreased from the original plan 17sqm to approx. 13sqm. I have tried to address this issue with the developer but no avail. The DP (Deposited Plans) is also incorrect as it contains the original size of…[Read more]

Hi,

My property was supposed to settle on the 23rd Dec last year. However, the bank wasn’t ready for it even though I submitted all my documents on time. And then the xmas and new year shutdown came. Therefore, the settlement date had to push back until the 18th Jan. The builder sent me a bill and charged interest during this time at 10% p.a.…[Read more]

Hi,

I bought an off the plan apartment for $428k 2 years ago. The settlement is coming soon, so I checked on the recent sales price for a similar unit in the same/nearby buildings. The mkt price was around $550k, I was expecting the bank valuation would come close to that. However, I just got the valuation results, the bank valued my property…[Read more]

Hi,

I have been thinking the investing strategy “Buy, Renovate and Sell”. Let’s say if I make $50k profit, but how can I get away from paying the massive capital gain tax? I won’t always be able to live in the property for 6 months since it can be in the outer suburb areas/interstates.

Isn’t it better to “Buy, Renovate and Rent” instead since…[Read more]

Hi,

I am a Sydney person and I have been thinking really hard if I should buy the course. Can someone share how they felt about the course? Was it worth the investment? Steve’s course is really pricy ($10k) for someone who has a very limited budget.

Sydney house prices are so expensive these days. I probably need like at least $700k to $800k to…[Read more]

Hi,

I am a Sydney person and I have been thinking really hard if I should buy the course. Can someone share how they felt about the course? Was it worth the investment? Steve’s course is really pricy ($10k) for someone who has a very limited budget.

Sydney house prices are so expensive these days. I probably need like at least $700k to $800k to…[Read more]

I have purchased an off the plan 2 years ago and settlement is coming soon. Does anyone have experience if it is a good idea to pay and get a property inspection done before settlement? If yes, then how much will I need to spend and what types of inspection is needed? Any recommendations?

If I am on a high income tax bracket (40%), is there any other ways to reduce my tax significantly except for buying negative gearing properties?

My colleague referred me to https://www.loans.com.au/home who is currently offering a 4% low mortgage rate with an offset account as well. I got my loan pre-approved with Aussie mortgage for 4.6% Dec last year but I am thinking switching to http://www.loans.com.au because they offered such a low mortgage rate. Does anyone have any experience on this?