I’m in Gladstone…rentals here are at 1% or so I’m told by all the REA. When I talk to others who have units or houses for rent, they tell me that there places have been vacant for up to 5weeks and have only just been rented out now. Who is telling the truth? Or is it bad management? How can one establish this answer?

I have been actively…[Read more]

Hi Mike,
No I haven’t received anything else in the kickstart program either…I was wondering if there would be more as well. I also haven’t received response to questions sent with feedback. I think they must be just computer generated responses to the feedback?
Cheers.
Dianne Burns

Hi Nadia,
I did one of these about 6 years ago & the costs accumulated to out of control…
My advice to you is to make sure you have quotes in writing & allow at least an extra 10% for incidentals, like hitting rock for example we had to have extra excavation work & extreme amounts of concrete to fill post holes. My quotes were almost doubled in…[Read more]

Thanks Simon.
My brother is wanting to buy his first home. How does he go about getting the FHOG? Does this happen after the purchase of the property or whilst the contract is in place?

What happens if you still have your name on a property from a past relationship that you walked away from? The ex lives in that house, but it was bought in both our names. Will this affect land tax? What can be done about it?

I currently own my home in my name, half own another property with current husband and my name is still on the property…[Read more]

one more question relating to this???
If I establish a loan of $200K against PPOR, and for example only need $100K for an IP deposit, what will happen to the other 100K that has been approved? do I redraw when it is needed to buy another IP? Or will I have to establish another loan at a later date against the PPOR?

I guess that cuts me out…bought first home in 1992-93 I think? With first husband (before we were married) Had Maiden name & smith on there. Niether of us knew about this grant, so I guess it doesn’t count?

Are there no Gurus with expert advice this time? Have I got you all stumped? Why not get outside your comfort zones to give me your thoughts!!! Any one?

Yes I am talking about PPOR as MF and thank you for your response.[blush2]
And yes I would be buying the IP in company trust.

What I mean is that the master facility has no debt owing. It is valued at 250K. If I want to borrow 20% from that and then 80% from another bank to get the full 100% of IP is that too risky? I believe that we will only get up to 80% of the property value from the main borrower. I don’t have any other funds to put with this so is this how I…[Read more]

Thank you Steve…there needs to be more people in the world like you. You are a gem…[thumbsupanim]

I’ll be there…1st time & excited to talk & be a part of something good.[rolleyesanim]