The cooling of period can be extended as long as it is agreed on both parties.If you put the deposit for A$300.. and you don't proceed to exchange then you might be forfeited the 0.25% or A$300

I am not an australian citizen but have few properties including PPOR and IPs

Yes.

Chetnik73, Which lender you are with currently?Low interest does NOT guarantee a cheaper product

Agree… I am not sure how Steve pulled it out from

Agree with above commentsI would be keen to buy 500-1km from the railway

SonyasalYes.. totally agree… selling it 1/2 hr later on will have all the terms and conditions in favour of buyer… and no pressure at all to hand over 10% deposit..But APM will classify it as 'PASSED IN' and translate into 'PROPERTY CRASH' the next dayI bought mine after 1-2 weeks passed in after the auction.. coz I can't be bother buying…[Read more]

Terry, so how do you minimise your tax? how do you increase your super?

number 8I need to bring down my gross income from 200k to as less as I could. One way is using salary sacrifice to super.Terry,How much super do you contribute? I mean A$1000/year ( to pay income protection) is better to invest in super. I prefer to pay with cash and can claim 46.5% tax deductionSorry if this is still confused you

DwolfeRemember Fairfax needs to sell newspaper to generate $$$$APM needs to talk BS to get some credibilityDomain.com.au needs some 'donkeys' publication in their website to generate enough internet's traffic

Marshes,I would look at the number of properties being sold and the value as wellNot just the rates

DWolfe,Most of the properties get sold in 1-2 weeks post auction. I think the auction rates should include all the properties being sold up to 1 weeks post auction to reflect the true clearance rates.Been to auction.. but prefer not to bid…and bought it 1 week after that with all terms and conditions in favour of buyer

Terry, Yes.. it is true.. but you have only 25k to salary sacrifice it to super..would it better to invest somewhere?

Terry,Why do you want to use your superas max salary sacrifice is 25k/year?Might as well use the cash and claim the tax deductoin for income protection

Hi Terry"If you start putting salary and wages into an offset you could get into trouble. "I do credit my salary plus rental income etc into offset account with ANZ One.What do you mean by get  into "trouble"

Who is Harry? Another salesman…??I would consider if Warren Buffet predicting DOW is going to 4000

double brick with render… the best

and their cheapest variable rate is 6.63%.. which you can bet it easily withBank lenders…

Hi TerryThe IR of LOC with myrate is 7.1% which is not competitive.Would be better to refinance it into BANK LENDER to get an attractive term

Another media propaganda from news.com.au. They are meant to be writing up articles (i.e. journalist).Sydney has 13% of growth during Oct 2009-March 2010.. and still growing despite small rise.4.5% IR is still CHEAP… and it will stay there for long long time… (unless you have incompetence RBA and KRUDD)GFC part II…. property is still a safer bet