hi Steve
I think it will be unfair to terminate someone’s ac for their negative views, we as users need to know both sides of the stories, when a forum member asks a question the replies are generally from people who are business owners and although they may provide the right advice it still is a business and everyone needs to ask if the answers…[Read more]

Is it better to invest in higher-valued or lower-valued properties, if you had the same money to invest?

for me these are both the same- reason being the value is the same- price is different- just to elaborate if you buy a 250k worth of property at 260k then that was not cheap- you overpaid and therefore this was an expensive property. at the…[Read more]

even if your father was tricked to buy a comm property under the disguise of resi property the bank would have known from the contracts so best to aks the bank to clarify this

this does not sound right- how can a residential apartment become a commercial property without notification to your dad and the bank, you may want to consult with a solicitor before making any decisions as my understanding is the banks check and value the property before giving a loan and they would have seen the zoning ( resi or commercial) at…[Read more]

WOW Fascinating info- thats why cba share price keeps going up but their price to book ratio is 2.6 times? now i know how they achieve that. so this tells me that the aussie big banks that are considered by many as "Too Big to fail"  is like saying "Too fat to Die". thanks Freckle for that info

hi JACM i am not worried about the deposit or savings ac etc- it is more like HSBC is such a giant that if they collapse they will take a lot of countries and banks down with them triggering something massive like a GFC- i am wondering how that will affect our aussie banks which are considered so safe?  or may be it could be nothing and i am just…[Read more]

hi Jacqui that makes sense, i am wondering why my accountant says it will put me into the higher bracket, i will try and clarify this with him

hi all thanks for the replies,i will confirm withh the accountant again but i am pretty sure what he said was that iam in the 30% tax bracket and if i claim deprecitaion i will be into the 46% bracket and have to pay more tax.

generally speaking the vendor will allow only 14 days for finance clause for OTP, the settlement will be 1-2 years away which means you will be going unconditional after these 14 days, the banks may not approve your loan after 1-2 years if your circumstances change and you may loose your deposit.

hi Xdrew very interesting view- a good read. on the subject of Diamonds i happened too read this sometime ago and i think it is a interesting theory on diamonds.   http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3

ok cool that makes sense. also Oscar just to get a very rough idea- what would this sort of construction cost if i was to get a builder to do it – just the cost of building i mean ( not planning to do it just yet but curious to know)

hi Oscar the project looks great, could you please confrm if you did residential or commercial loan and which lender, also which builder as the price looks quite reasonable for 3 units. thanks

that explains it thanks melanie

cool thanks

money secrets of the rich by john burley- loved it

hi mikei know someone who is on a similar visa and has got a loan for his home. so i think it is possible, i will ask him and confirmregards

Terryw wrote:
That's an idea. Sell the PPOR CGT free and move into one of the investments.Also, considering the other properties were inherited there are CGT concessions which should be looked into.

hi terryif he moves into an ip with no loan, and rents out the ppor with loan, will that loan be deductible debtthanks

hi haratio,your mum also needs to consider the pension income which may be affected by centrelinks income test and asset test,

PaulDobson wrote:
HiThe following could be ruled as an ad.  If it is, so be it but I know there are a lot of Vendor Financiers out there worried about the requirement to get an Australian Credit Licence (ACL).Vendor Finance Institute Pty Ltd is about to commence a series of Vendor Finance ACL courses in Sydney, Melbourne, Perth and Bris…[Read more]

about offset accounts, most of these will have a monthly fee  anywhere from $8-$15 .  so it may be necessary to have a minimun of $3000 upwards at all times to make the interest offset larger than the fees.