i did not say it has to be ‘close’ to the city. i said the closer the better. and which suburb is the closest to city with a house price range 500K-600K.

just on top of my head. i was thinking like clayton, oakleigh, glen waverley, blackburn, and wonder if anything is closer and yet still within my range.

i know cranbourne frankston and the kind…[Read more]

i’m looking to live in myself. and i’m pretty sure houses still go for that range. might be not pretty and very good inner suburbs. but houses in east/ south east/ bayside zone 2 area still under 500K, definitely!

i dont think you can do that. you can refinance your IP loan and get tax deduction benefit if the purpose of refinance is for another investment/ business, not for lifestyle or your home.i think there should be a get around this issue but just cant think one at the moment…

1. pay off your credit card debt or which ever posing a higher interest.2. pay attention on interest rate rise. hinted would go to 4.25% by the end of next year. so that is 20% increase of repayment from 5 to 6% home loan. rent wouldnt be able to cover that.3. LMI is expensive. instead of going 95%, better go 80 – 85%.4. you should have a buffer…[Read more]

IO is simpler than I&P.how it works? you would still have the choice of variable and fixed. and then you have the option to pay in advance or in arrears. last the option to pay weekly/ monthly/ yearly.the rate slightly different, in advance would basically lower than in arrears. each and everyone has its own advantage and disadvantages for every…[Read more]

buy the dream home instead of 2 investment propertiesi was thinking like this. that dream home today is $800K and you can afford it. In the next decade or less it could easily doubled and be $1.6M. would u be really sure you can afford it by then? even if you could its still then not worth it. the 10 years lifestyle sacrifice is not worth the cost…[Read more]

What you guys said above are right.I guess I owe you guys the rest of the story:Back to the very fist offer I accepted, that was 340K. Then the higher next day offer was 350K. I calculated 15K difference because the 1st offer is from REA and the 2nd one is from my friend. Hence I saved at least 5K commission there if I sell to my friend. This was…[Read more]

To be exact. I received the contract signed by purchaser via email from the real estate agent. Then I print it out then signed it and scan it and send it back to the real estate agent. After that I am not sure where it is now. But I am assuming then my email is forwarded to the purchaser's email.So there is nothing I can do? like cooling off…[Read more]

god_of_money wrote:
blaze… you must be brain-washed by the property spruiker which claimed property will double it price every 7-10 years.I don't think it will be going up by 5-10% in the next few years.. in fact the opposite or stagnant.In this current climate, people are looking for every single $ to save

it was doubled in the previous…[Read more]

Terryw wrote:

wealthyjvd wrote:
whats the difference if you have IO and put money into the loan or have IO and save in offset?

Big tax consequences if it is an investment.Money paid into a loan = repayment. Withdrawing = new borrowings.If you put extra money into the loan and then wanted to withdraw $1000 for a holiday, then the interest on…[Read more]

Few lenders can waive LMI if you borrow just 85%. Last time I shopped ING and Wespac can do that.For me LMI is a smaller lost. Growth should be larger than the LMI.Say for a $400K property. 95% LVR would attract $7K LMI.But if you waited next year to save more money for the deposit the property would have up by 5 – 10%. that $400K property would…[Read more]

Thanks digger. I am in Melbourne, Victoria. Yeah what is done is done. Just wondering if others actually charge less. If it does then I shall shop around next time otherwise I will use them again.Anyone know what is ANSTAT TI is? That seems to be the major disbursement spent on.

Qlds007 wrote:
With a little loan planning you could have made the PPOR Interest only with an Offset account from day 1 and still have the same interest saving and then when you move out the entire amount of interest on the loan would be tax deductible.Even your PPOR should be IO IMHO.

Ideally that is what I want to do. But I found that offset…[Read more]

i think he said he owns 150K on 185K IP.so how much money will he get roughly:profit = sell price – purchase price – cost (stamp duty, agent commision, etc) = 280K – 195K – 10K = 85Kpay 30% tax from 85K, you left with 59.5K + 150K you own on the IP.so total you would get 209.5K

Say the total rent is 1200. I would put the couple on 700 and the single on 500. Bills (eclectic, phone, gas, water, internet, etc) split 3 ways.

soloinvestor wrote:
Can I still claim depreciation on the property while it's being rented out, assuming that I'm going to move back in within 6 years to avoid CGT liability?

Yes, you can.

1.3 M borrowing power… + 300 – 400K annual income :droll: :droll: :droll:get that 850k apartment then slowly try to purchase those 300K suburban houses. u can afford both

L.A Aussie wrote:

crashy wrote:
I agree that there are those who walk the walk and those who only talk the talk. you have to admire those who have built a large portfolio and dont mind sharing how they did it.making money is easy. keeping it is the hard part.I talked to a guy who had $3m worth of property leading into the early 90's recession.…[Read more]

A

Utilities you mean via a quantity surveyor?10%? blah… ok so how if I drop this completely, not claiming any deduction nor any rent income, hence still can get full CGT exemption? Is this ok?