Thank you all for your opinions. Is anyone a member at Choice ?http://www.choice.com.au/viewArticle.aspx?id=104946&catId=100519&tid=100008&p=1&title=Test%3a+Large+air+conditioners

Hello SpudCan't help you with your question except to say why don't you work it out. Go to one of the bank sites with a mortgage calculator and work out how much interest you would save if you reduced your mortgage by an extra $600/month.Then use a spread sheet to work out what you are gaining including a conservative growth figure for the super…[Read more]

Hello jambvIf the property is only 2 years old and these are the first tenants than my questions are:-Why does the ceiling in the kitchen need painting already.Why is the front door handle broken.Why is the bathroom door handle broken.Why is the rangehood bracket broken.Why did you need to replace some vertical blinds so soon. If the oven clock…[Read more]

Hello Da man I have a personal banker who is my one point of contact with my bank. The wonderful thing is that with the ANZ bank you get your own personal banker when you reach $1M.The REALLY wonderful thing is that it does not need to be $1M cash in the bank but also, as in my case, when you have $1M in loans.    I don't know if their Pro pa…[Read more]

Hello Sitting on the fenceI found the article I remembered reading. It was in the August 2006 copy of API. The contract is called a Binding Financial Agreement and has been available since 2000 according to the article. It also suggests that young couples starting out, in the absence of a crystal ball,  may find it advisable to include a clause…[Read more]

Hello Sitting on the fenceI recently read about a new contract that you can enter into regarding assets held before you go into a relationship. I believe it only came into existence in the last couple of years and the article said that as long as both parties have been honest about their assets and there are no children involved it would have to…[Read more]

oneplumber wrote:
I want to find out answers to these simple questions to better locate a great Plumber & Gasfitter? 1 – How often do you call a Plumber / Gasfitter? 2 – Would you prefer to have a single phone number or website for all Plumbers / Gasfitters in your local area? 3 – What is important for you? fair price urgency quality work…[Read more]

Hello dansempireHere is a link to this same sort of question I asked some time ago.https://www.propertyinvesting.com/forums/getting-technical/finance/23605Hope this helpsElka

Hello  25NorthSorry I don't have any answers for you but I do have a question. Is the reason you want to have the new DT, which you set up in Australia presumably for property you intend to buy in Oz , as a beneficiary of the NZ trust is that then some of the income earned on your NZ property can be used to help pay off the loans within the OZ tr…[Read more]

Hello DaveJust wondered if you have used special glass for the windows between the houses.Nice brickwork.Elka

Hello RG435I have been renting one of my IPs to my sister and her husband for several years and claiming all the relevant deductions. If you rent at market rate you should have no problems with the ATO. CheersElka 

Hello MrFairGoYou may be on the wrong forum for this sort of question. Try the following forum.  http://www.invested.com.au/Maybe the members contributing to the following thread can at least point you in the right direction.http://www.invested.com.au/3/borrowing-money-overseas-20810/Good luckElka

Hello DaveNice roof line but now I'm a bit lost. The slabs are separate but the roof lines are abutting. What is the space in between for? CheersElka   

Hello RichardAny idea what LVR is likely to be possible?CheersElka

Hello RichardCan you tell me where I can find more information on the new lending rules. Also any information you want to share on the loans which are allowed would be most wlecome as what you have described in your post is what I would like to do (buy a commercial IP within a SMSF). Like Acrobat I have been looking into unit trusts for this. Any…[Read more]

Hello ChrisOK, now we are all curious. Do you have it advertised somewhere where we can have a look?. If not, can you at least post the area and the sort of property it is… residential, retail, office, industrial or ?.That much should not infringe the no ads rule I should think. ThanksElka

Hello MicmanHere is a link to the email you want.https://www.propertyinvesting.com/newsletter/newsletter068CheersElka

By loans I meant the amount still owing,not the original loan. Sorry, I didn't understand your original post correctly so maybe foundation didn't either. If you meant that you have $100K sitting in an offset account and you have an outstanding loan of $200K than your more than covered using Steves 30% recommendaton. CheersElka

Hello tchI thought Steve meant money in the bank. So if you have loans totalling $200K then he recommends having $60K cash available. I hope someone will correct me if I have misunderstood.Elka 

Hello KenzelYes. You also need to tell them that you have vacated your last property if you were paying water bills there.Enjoy your new propertyElka