Thx for the feedback

Try Live-n-invest real estate, they were pretty good. 07 4773 1006. They managed and sold my property for me.

Hi Try this link – yes you can borrow to purchase property within your SMSF. Yes I work for Macquarie and NO it isn't a product plug, but to give you an idea on what are the products available to allow you to purchase property via your SMSF. I'm pretty sure most banks offer this type of product so its worth hunting…[Read more]

Hi – I helped my sister out by purchasing a house under my name for her to live in (although she had the deposit and all fees covered, she had a default and the banks would not lend) I also went with ING, currently we are in the process of transferring the house to her name and she will be liable for the standard costs such as legals, stamp duty…[Read more]

HiThis might my ignorance talking, but I thought that you would still qualify for the FHOG even if you have an investment property, as long as you have never lived in it????CheersCat

Try any of the banks – Macquarie has a product called property lever

Joint tenancy. But i double checked with my accountant and it is def okay for me to have 100% of the repairs and maintenance. We have to split the income and interest as per our 50/50 split.

HiOur properties are all 50/50 and although we have to split the interest and income 50/50, my accountant does allocate the repairs and maintenance plus a few other expenses solely to my income (me being an employee who can't reduce my income substantially whilst he is self employed). It may be worth checking with an accountant as to what…[Read more]

Hi In the event of a bank being unable to meet its obligations, as an Authorised Deposit-taking Institution it is a requirement of Section 13A of the Banking Act 1959 that all Australian assets are to be made available for the repayment of bank deposits in priority to all other liabilities. This requirement overrides any other securities or…[Read more]

HiWe have just renovated a QLD'r – being that my other half is a plasterer by trade, he has kept at least one wall as VJ's in each room and gyprocked the rest creating a mix of old and new. (It actually looks quite good). Vj's are alot of work, so at the end of the day it is up to you which route you want to choose, but to bring them up to scratch…[Read more]

I guess it all boils down to your intentions at the time of purchase, although I would speak to an accountant. Because although this sounds like a great idea to save you some stamp duty, if the ATO doesn't believe you  and if they ever audit you, you could fork out more than what you may have saved via CGT concessions and stamp duty premiums.I…[Read more]

Hi Get out the yellow pages and look for cabinet makers – if you know what size your cabinets are going to be (get the bunning flat pack catalogue and it will have all of the sizes in there). Then give the cabinet maker the sizes of the cabinets req'd and they can cut out a flat pack for you. I do this all of the time. For example Bunnings wanted…[Read more]

HiWith my properties whether they are interstate or not I usually use a local property manager to that area, and keep in regular email or phone contact with them to make sure all is okay. Although I'm not sure why you req'd 2 property managers in different states to manage this property, it would just create twice the headache for you. I would…[Read more]

You will qualify for the 50% discount if you have owned the property for 12 + months – taking your  assessable income for the property to $150K. You will then have to add it on to any other income you have earnt  for the year (which will def take you over the $6K threshold)and pay tax accordingly – this years rate for $150,001 is $52,200 tax pa…[Read more]

Look up the Residential Tenancies Site: http://www.rta.qld.gov.au/giving_the_correct_notice.cfm

You should read the policy document and look under what circumstances the insurance will cover rent payments.

In all purchases I have made, the solicitor/conveyancer has paid the stamp duty on my behalf and had the docs stamped.

I have just bought 2 full bathrooms for $3800, this includes double vanities with granite benchtops, toilets, baths, all tapware and fittings and tiles plus the materials to install. I purchased most of these items from a builders clearance centre, where they sell for 10% – 20% over the cost price. Labour isn't included as my partner will be…[Read more]

HiI have purchased 2 complete bathrooms incl vanity's (double sinks granite benchtops), toilets, tiles, baths, fittings, tapware etc etc and it cost about $3800. I went to a builders clearance centre – they sell new items that are overstocked from retail shops and sell for about 10% – 20% over cost price. The tiles I shopped for from a disco…[Read more]

Just a note for everyone who accesses this link that this flyer was developed for FINANCIAL PLANNERS (refer the disclaimer) and is not intended to be financial advice. So see a planner before you act on anything.