Char replied to the topic What are major banks prepared to discount? in the forum Finance 9 years, 7 months ago
Thanks for the replies, these are really helpful.
Sounds like I’m definitely not getting the best deal from CBA, so I will tackle them on that. I fully understand it’s a business relationship.
On the one bank lender aspect, I had been told in the past to exhaust one bank before moving on to another.
Is that what’s usually done, recommended?-
Char started the topic What are major banks prepared to discount? in the forum Finance 9 years, 7 months ago
I am trying to work out if I’m really getting a good enough deal on interest rates from my bank. I’m not talking about introductory rates, but ongoing rates on larger loans.
I bank with CBA, but through Commonwealth Private, and they are giving me 1.15% off the SVR. So after they pass on the .20% (CBA ripped off 0.05% of the cut) I’ll be…[Read more] -
Char replied to the topic Land Tax in Victoria in the forum Help Needed! 9 years, 7 months ago
I own 10 investment properties across 3 trust structures (with assessed land value of $3.8m) in Victoria and pay about $25k p.a. in land tax. It would have cost me less if they were spread across 2 individuals and some trusts, because of the trust surcharge, but a hell of a lot more if they were just in one trust.
Essentially,$1 million in…[Read more]
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Char replied to the topic Land Tax in Queensland on SMSF and Unit Trusts in the forum Help Needed! 9 years, 7 months ago
Thanks JacM,
That’s what I thought it looked like when I read OSR site as it was silent on any other exemptions, but was hoping otherwise.
In Victoria, a SMSF (and yes I have a Corporate Trustee) and a Unit or Fixed Trust (if the unit owners are individuals) don’t pay the trust surcharge (i.e. lower threshold or higher rate) as the beneficial…[Read more] -
Char started the topic Land Tax in Queensland on SMSF and Unit Trusts in the forum Help Needed! 9 years, 7 months ago
Help needed from Queensland Investors.
Does anyone know whether an exemption applies to allow for the individual land tax threshold in QLD for SMSFs and Unit Trusts as it does in NSW and Victoria? That is, where it nominates down to an individual person to give access to the $600K threshold for individuals rather than being hit with the $350K…[Read more] -
Char became a registered member 9 years, 7 months ago
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