GOM, I do not see your 6.76%, package or not. We are talking about investment property loans, right? If they have such an attractive rate why isn’t it on their website?

Fixed Rate Home Loans

NAB Tailored Home Loan (Fixed)

NAB Choice Package

InterestRate ComparisonRate
1 year 6.94% pa 7.41% pa
2 years 7.29% pa 7.47% pa
3 years 7.45%…[Read more]

propertyboy wrote:
I have $1.1m in debt.Three seperate investment property loans.The current interest rate I am getting is 6.96%Is anyone getting a better rate than this at the moment?Could I renegotiate a better rate or am I getting the best out there on the market at the moment?Just want to know if I should devote time to refinancing or…[Read more]

PQ wrote:
Dont be silly Leo, Australians are just as greedy as Americans and everyone else in the world for that matter – its a basic human trait to want a reward for no effort!I think there will need to be a significant drop in employment before there is an American-style crash in Australian property prices. Plus there is still the matter of l…[Read more]

Derek wrote:
PS many of the bigger QS/depreciation companies work closely with the ATO so they are on the same page. Your accountant basically only needs to open the report up and transfer the figures from one piece of paper to another. Makes life pretty simple.

Cheers Derek for the valuable advice. Thinking it over, it would probably pay for…[Read more]

I’m chiming in with question:

I am buying my first unit off a plan. the Builder has put out a thorough document detailing all building costs and finishing. = $170K brick and tile strata unit

Is a quantity surveyor necessary?

If not, how do I work out the depreciation that I should claim year by year?

Terryw wrote:
Why do you think paying principle woudn't be deductible.?What about if you had a loan with Bank A and you refinanced it with bank B? You would be borrowing to pay principle

In that case, you are not paying off the principle, you are just rehousing the the loan facility. And the interest continues to be deductible.

…technically…[Read more]

Well, ignoring the Call Option document worked out. They accepted the offer without it. I bought the last unit.

Jamie M wrote:
Off the top of my head, try Adelaide Bank Frank.

Cheers

Jamie

Darndest thing…there is evidence that Adelaide did until 17 Oct 2010 (with a rate of 6.93% slobber)…then they got bought by Bendigo who seem to have never heard of any such thing…they have bad website however, so there is a faint hope that it is just not listed.

Jamie M wrote:

Blank Frank wrote:
Interest Only can be fixed or at a variable rate.  Can you get an Interest Offset account with a fixed interest loan In Australia?

Yep, sure can.

Cheers

Jamie

CBA doesn’t.

St George doesn’t.

Westpac has IO with 100% offset but no ability to fix the rate.

Aussie doesn’t.

ANZ has it for 12-month…[Read more]

Jamie M wrote:
Hi propertyinfo

Depends on the deal – in general, the lower the LVR the better the rate. After 5 years you can normally refinance to another interest only term – some lenders, such as Adelaide Bank, offer 10 year IO loan terms.

Cheers

Jamie

Jamie, you seem to be saying that banks can be bargained down or somehow negotiated…[Read more]

Jamie M wrote:
Hi Johann

You’ll be able to get a much lower rate than that. If you had a $300k IO loan @ 7% (for arguments sake) you’d be looking at $1750 per month. There’s also depreciation and negative gearing (as mentioned above).

Cheers

Jamie

Best I can find Variable is 7.11%. Fixed is 7.64%. (these are Package discounts too). Are you…[Read more]

xdrew wrote:
I had a choice of investing in an area with an immigrant issue. The area was Lakemba. At that time the 2br Units were at 120k (dont you wish you could time travel now?) and there were heaps on the market. I took a serious look at the couple of properties that were advertised and i decided against it. MOST of the properties not only…[Read more]

Kent Cliffe wrote:
Hi Frank,Past result and statistics should always be questioned. This is especially the case with median house prices. A few reason why median prices can be skewed include:1) Subdividing large parcels of land into smaller blocks can cause the "median" prices to drop, but per sqr mtr prices to increase.2) An increase in new…[Read more]

Andrew_A wrote:
Those figures look like they might be unreliable for judging real growth, medians can be very volatile, much better to look into direct resales and see how they have fared. There are also housing index providers that do a good job, I don't pay attention to median data mostly.Generally I would say that Perth has to be looking…[Read more]

<Moderator: delete flame>

Me too.

After discussion with the agent, I am just not going to sign the ‘Call Option’ which gives the developer the option of taking back the property. Into the bin-shaped file cabinet.

Cheers, xdrew.

It is a low soc-ec area, but there is money going in…a Big Box mall is now there, very nearby: Coles, Woolies and sundry stores ++ , but nothing flash in the fit out. Business looks quiet in there.