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Viewing 15 posts - 21 through 35 (of 35 total)
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  • Profile photo of CootaCoota
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    @coota
    Join Date: 2012
    Post Count: 49
    October 22, 2012 - 3:22 am

    Sunny,

    Buyers Agent fees are typically 2-4% of property purchase price.

    Not huge here in Oz but in America 50% of properties are brought via an agent.

    IMO great if you don't know the area you are buying in and will make an unemotional purchase based on your stated requirements

    cheers

    Michael

    Profile photo of CootaCoota
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    @coota
    Join Date: 2012
    Post Count: 49
    October 22, 2012 - 1:43 am

    Tom

    So you could in effect move into the property in month 11 and still receive FHOG,could you also claim stamp duty concession in you lived in the property in month 11 for 12 months?

    How would this effect you claiming your tax breaks with interest on loans etc

    Cheers

    Michael

    Profile photo of CootaCoota
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    @coota
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    Post Count: 49
    October 13, 2012 - 12:04 pm

    Jamie

    Last valuation PPOR was valued at 760k which with current loan will release approx  230k worth of equity which has been drawn out into a separate facility to fund investment property purchases moving forward,so in essence just wondering if it is worthwhile doing another valuation now as the value has increased approx 10% in the last 12 months and especially in the last 6 months.

    Your thoughts?…..

    Cheers

    Michael

    Profile photo of CootaCoota
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    @coota
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    Post Count: 49
    October 13, 2012 - 11:22 am

    Richard

    Bank is ANZ with Break Free package which includes both offset and re draw

    Cheers

    Michael

    Profile photo of CootaCoota
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    @coota
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    Post Count: 49
    October 13, 2012 - 6:21 am

    Jamie,

    Would the bank wear the cost of this or would it be me?.

    Michael

    Profile photo of CootaCoota
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    @coota
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    Post Count: 49
    October 7, 2012 - 5:15 am

    Richard,

    Have about 150k in my super and looking at investing in property through super also,if you can flick me a copy of the Ebook 

    that would be great.

    Regards

    Michael

    Profile photo of CootaCoota
    Participant
    @coota
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    Post Count: 49
    September 8, 2012 - 10:54 am

    Gents,

    Any way your Excel spreadsheets could be shared in this forum?

    Cheers

    Michael

    Profile photo of CootaCoota
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    @coota
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    August 29, 2012 - 9:57 am

    You will find on iBooks store,just enter title into search bar in iBooks -cost is $9.99

    Profile photo of CootaCoota
    Participant
    @coota
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    Post Count: 49
    August 28, 2012 - 11:00 am

    JacM

    Do you have a house or unit  as your investment?

    Profile photo of CootaCoota
    Participant
    @coota
    Join Date: 2012
    Post Count: 49
    August 24, 2012 - 11:01 pm

    PLC,

    I have 200k in an offset account ready to go so my sums are as below.

    Purchase 2 properties at approx 420-450k at approx 70k outlay x 2 

    Total outlay 140k still leaving approx 60k as a buffer.

    Profile photo of CootaCoota
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    @coota
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    August 23, 2012 - 8:55 pm

    PLC,

    Currently have 200k put aside in a master facility so my reasoning behind 90% loan with LMI is to purchase property below.

    Purchase price

    $450,000

    Total cost including duties/legals/LMI 

    $480,000

    Looking at purchasing 2 of these properties as initial outlay would be around 100-110k thus leaving approx 90k as a buffer in my Master Facility.

    Profile photo of CootaCoota
    Participant
    @coota
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    Post Count: 49
    August 23, 2012 - 11:54 am

    Thinking of starting off my portfolio with loans of 90% which I know will attract LMI but I think this would help me build my investment portfolio whilst in a soft market.

    Is this a good strategy in the current climate and what are the risks/benefits.

    Profile photo of CootaCoota
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    @coota
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    Post Count: 49
    August 20, 2012 - 2:31 am

    Shahin

    Looking at my first IP in my local area ie Thornbury,Northcote or Fairfield area in which I am really keen on

    Fairfield units have only shown moderate growth in the last 5 yrs of 34%

    Profile photo of CootaCoota
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    @coota
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    August 20, 2012 - 1:07 am

    ​Shah​​in

    My purchase budget is 400-420k

    Profile photo of CootaCoota
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    August 19, 2012 - 11:05 pm

    JacM

    Buyers advocate is more due to my confidence level for more first purchase.

Viewing 15 posts - 21 through 35 (of 35 total)
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