Out of curiorsity – what’s your interest in the older magazines? Just like reading copious amounts of property related content? :)

We do slowly build up our pile of magazines in the office, I don’t think we’ve ever gone through the old articles before.

Ethan is right – LMI certainly has a place. Looking to just save on LMI without factoring in the opportunity loss and the power of leverage in these scenarios is short sighted. LMI is a tool which can be used to your advantedge – in general sticking to 88%/90% LVR is more preferable as this balances cost vs outcome, but overall it allows investors…[Read more]

Ethan is right – LMI certainly has a place. Looking to just save on LMI without factoring in the opportunity loss and the power of leverage in these scenarios is short sighted. LMI is a tool which can be used to your advantedge – in general sticking to 88%/90% LVR is more preferable as this balances cost vs outcome, but overall it allows investors…[Read more]

A number of my clients use http://www.certuslegal.com.au/ for their QLD solicitor needs for resi and commercial

It doesn’t necessarily have to be. By diversified mix of assets by the time you can retire, you could potentially just draw from the liquid assets within your fund (shares, cash etc), whilst holding the property indefinitely. A number of the SMSF lenders now require you to hold a % amount of your assets in liquid funds – ie shares or cash when…[Read more]

Who said you don’t have any further borrowing capacity? A bank or a broker?

Get a second opinion, I’d say a third of our business comes in with people who were told they couldn’t borrow any further, only to then be able to buy 2-3 more properties with ease. Different lenders have different policies on calculating how much you can borrow, which…[Read more]

SMSF pension: What happens if I don’t withdraw the annual minimum pension payment?

This article explains it fairly well – there can be major tax implications.

As others have mentioned – just because one bank (or even a broker) may have said no more, doesn’t mean that’s necessarily the case. Each lender has different ways of calculating your capacity to borrow and they vary WIDELY. By getting another opinion in these cases it can mean the difference between ending your journey prematurely, or moving to…[Read more]

Regardless of all the other figures, 10-20% cg consistently is completely unreasonable in the current environment. Sure you can get this in short spurts, but you’re not going to be able to trend long term with those sorts of growth rates, its not sustainable indefinitely.

6%+ yields certainly possible, generally you will see this in regionals,…[Read more]

For valuation purposes valuers will look at how the rental figure compares against the greater market, so they can very well discount the estimate accordingly.

Revenue SA actually has a land tax calculator which talks about joint land tax considerations. Also speak with your account about how trusts relate to land tax (SA gives additional thresholds to trusts).

Fair point Benny – there’s still a lot of people who in particular like to sit down face to face and work with a local, we help a lot of people on this forum from Adelaide.

Still have a huge number of clients across every part of Australia, but definitely worth noting it for those who haven’t worked out where each broker is.

Indeed. Advantedge is following the same – however is at least correcting their absurd living expense issue by removing gross rental income from the multiplier which increases minimum living cost calculations.

Get in quick anyone needing to use them, applications must be in by Friday and conditional approval by December 16.

It is one and the same. The 20% is used towards your purchase, those funds are generally disbursed in the first progress payment (the slab pour). This contribution can include if there’s any FHOG etc.

After the funds are paid out to the builder, the remaining funds owed is paid by the lender on your behalf at each progress payment.

No – no one cares about who is living 300m away from them. ;)

There’s housing trust properties sprinkled all throughout Adelaide, so this is a common occurance. Where it might be more of an issue is looking at the amount within one suburb/area – but the State government is selling its stock off at an extremely fast rate so even in that case there…[Read more]

1. Do commercial properties generally sell for less than residential properties?

It can be higher, lower or the same – it comes down to the specifics of the property, location, availability of commercial within the area.

2. Are loan rates, structure, ease of approval the same?

NO. Generally normal residential lenders will not want to touch…[Read more]

It would depend on the type of property – is it focused more towards owner occupiers or investors? The market there isn’t moving very strongly as there’s continual supply, so I would want to go more towards keeping the tenant on – perhaps on periodic so they can vacate if an owner occupier wants to move in.

If it wasn’t – why would you buy it? ;) No point owning an asset for cash which loses you money, that is a literal money pit.