Hello Cazza

Good to see you posting. It gives us a chance to support and encourage you.

Have you spoken to your bank manager yet and was he helpful with a business plan? I’m sure many of us would be interested if you are willing to share this.

It’s not up to your real estate agent to say what they think of LifeX s’ suggestions. It’s up to you…[Read more]

Hello Frank

Just in case your serious the key words are…….

dyslexic ……………… and ………………….. dog

Just trying to help [upsidedown] [smiling]

Elka

Hello

I don’t know about NSW but in Vic. you need to give 60 days notice of your intention to raise the rent. I would check this first.

Personally, seeing as you have renovated the kitchen, I would go for at least $15 if not the full $20.

Maybe you could set up an inspection as you need to see what has happened to the gate as well as discuss…[Read more]

Very good ideas LifeX.

Cazza I don’t know if you have settled on the unit that you have just sold in Homebush Bay but if not and there is some cash left after discharging the loan etc. then put it into an offset account tied to the loan on your home in Lake Macquarie.

At the moment this is non tax deductable debt. I suggest putting it into an…[Read more]

Hello Cazza

I’m anything but a property guru and I hope that someone who is will answer with some constuctive suggestions.

I assume your last loan restructuring was to make all your loans interest only?

I wondered if your unit in Reservoir may be suitable for student accomodation. i.e not too far from La trobe uni or not too far from Plenty Rd.…[Read more]

Hello TK

I’m a bit puzzled though it may have something to do with the fact that it’s the middle of the night where I am.

$13,780 – 3,612 – 9,520 – 668 = $ 3,592 ???

What am I missing? [blush2]

Also what about repairs and maintenance, management fees and vacancy periods.

Elka

Hello kazwood

Here is a link I just got from a post of Dereks which comments on Melb CBD appartments.

http://www.propertyupdate.com.au/articles/96/1/Property-Market-Update—July/print/96

Hope this helps.

Elka

Hello Terry

I understood your comment about being careful if it’s special student accomodation, but why if it’s a unit as opposed to a house?

The reason I ask is that I own a unit which I am thinking of renting out by the room to students to increase the yield when the current tenants decide to move.

Thanks in advance [smiling]

Elka

Hello all

As I hate unfinished symphonies I thought I would post the result of your advise.

I have fixed half my loans for 1 year using the ANZ fixed with offset loan … all for free as I have a pro package.

I have structured it so that only 1 property is affected leaving 2 others with variable loans for flexibility.

BTW. It appears that the…[Read more]

Hello Persius

I’m not sure if my post was clear.

When you were talking with the people at the council did you actually ask them if they would be prepared to post a letter for you to the address where they send the rates notices?

I mean that doesn’t violate anyones privacy does it? It’s not like you are asking them to give you the address.

Cheers
Elka

Hello skyh

I think what was meant was that the blocks bought were part of a new subdivision and that the individual titles for the blocks bought were not yet ready.

Settlement could not take place till this was done.

The increase in price was not so much due to the title being ready but because of the property boom in Perth. In the time they…[Read more]

Hello Mr Vip

OK, I’ll take a crack at it. Was the horses name friday?

[withstupid] and very [offtopic]

Elka

Hello Cazza

Really sorry to hear that.

I think if you want some real advise from some of the very savvy people on the forum you will have to give them more details especially about the locations (generally i.e Syd/rural/regional country town) and value of each property, the loans and your income. Are they residential or commercial properties?…[Read more]

Hello Richard

Thank you for that clarification. I didn’t realise that.

Elka

Hello Mat

I think that if the insurance company can show that you were negligent (i.e ignored a problem that lead to the injury) they won’t pay the full amount out either.

As Terry said. It may be worth while your giving your solicitor a call.

Cheers
Elka

Hello

The rates notice could be just being sent to another address.

By all means try leaving a note in the letter box but it seems unlikely that they are emptying it otherwise the next door neighbours would have noticed.

You could try asking at the post office or at the council for an address. I don’t expect that you will get it but maybe if…[Read more]

Hello igrapleu

Since 1 January 2006 the land tax exempt threashold is $200K in Vict.

The situation with trusts is that any IP bought after 31 Dec. 05 and held in a trust attracts a surcharge of 0.375%

Some time ago I was struggling with the same problem and basically asked the same questions. Below is a link to the…[Read more]

Hello investron

You CG is just added onto your other income in the year that it is earned. Naturally having no other income for that year will mean you will pay less tax on this CG.

The 1st $6K would be tax free.
$6k to $21K would be taxed at 15%
$21K to $75K would be taxed at 30%
over $75K would hit the 40% bracket. [glum2]

Don’t forget that…[Read more]

Hello John

Would you share the name of the lender and or loan … or do we have to do our own legwork. ?

It would be interesting to see the ifs and buts of this loan as it does sound like a great option. As I posted, the ANZ has a 1 year fixed with offset loan but a 3 year with offset would be my prefered option.

Thanks [smiling]
Elka

Great link Derek.

Not only on the topic of fixed interest but on loan structuring and much more. Thank you.

Now I’m more paralized then ever. [glum2]

Actually ANZ has an interesting product, I think. A 1 year fixed loan with offset account. I checked and the interest is calculated daily so you are getting the full advantage of the offset…[Read more]