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  • Profile photo of god_of_moneygod_of_money
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    March 18, 2009 - 2:16 am

    property shortage??!!!! ….over 500 apts for sale around hombush/rhodes area

    Profile photo of god_of_moneygod_of_money
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    March 18, 2009 - 2:12 am

    Run away on any broker who suggest non-bank lender….
    Too scary

    Profile photo of god_of_moneygod_of_money
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    March 18, 2009 - 12:59 am

    http://business.smh.com.au/business/firsthome-buyers-in-the-eye-of-a-storm-20090317-90zp.html

    just read this article.
    Who can we trust??? NO ONE… apart from property spruikers…. :)

    Profile photo of god_of_moneygod_of_money
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    March 18, 2009 - 12:55 am

    Is this a full doc or low doc loan?

    Lenders are getting tougher now especially on refinancing.. from memory ING recently downgrade it to 85%LVR on all refinance.
    I think over the next 1-2 years… it will be difficult to refinance if you have >90% LVR into big banks

    Profile photo of god_of_moneygod_of_money
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    March 17, 2009 - 5:55 am

    Too many apartments being built around that area..
    But lots of investors/first home buyers being swayed to buy buy buy buy
    It will get worse before getting better.

    The rental return is on the way down….

    Profile photo of god_of_moneygod_of_money
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    March 16, 2009 - 10:40 am

    Why not get an accountant.. even online tax accountant will be able to help.
    I am sure that laptop will need to be depreciated over time.

    Profile photo of god_of_moneygod_of_money
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    March 16, 2009 - 10:06 am

    Richard, I guess that GOB has been swayed by stupid advertisements or by the 'non-competent' mortgage broker.

    Profile photo of god_of_moneygod_of_money
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    March 16, 2009 - 7:44 am

    It depends where is the location of the property.
    If it is close to uni or hospital, then june/july is a good time

    Profile photo of god_of_moneygod_of_money
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    March 16, 2009 - 6:47 am

    Thanks Richard for your info.

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 11:51 pm

    Richard,
    Is there any reason why you choose Unit trust instead of DFT if it is positively geared?

    Cheers

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 10:25 am

    And buy again few millions dollars of  PPOR :) to avoid CGT

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 10:22 am

    Yes I agree with you Richard.

    But It must be positively geared (i.e. rental income + deprecitation – land tax, council fee, management fee etc) and distribute to the lowest income. you have to hold it for the long term in order to recoup the stamp duty loss.

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 5:51 am

    I think you may be able to get 80% LVR with commercial lending i.e. 1-2% above the residential rates.
    I am not sure whether if you have an equity in your PPOR, you can get a cheaper rates i.e. residential instead of commercial.
    I hate to say this… cross-collateralised the properties :) can bring down the rates??????

    Anyone has idea?

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 5:43 am

    If you buy an empty commercial building, you have to pay GST.
    Complex GST structure etc,… i.e. above 75k you need to register for GST.
    Can be dauting experience to get a tenant…ie long period of vacant rent

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 5:31 am

    divorce and court order… this will earn $$$ towards lawyer's pocket.. :)

    What do u normally suggest to your client if this is the case?

    Profile photo of god_of_moneygod_of_money
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    March 15, 2009 - 5:27 am

    YES.. alot  near the ultimo..
    very difficult to get finance, too specific, hardly any capital gain, etc….

    Profile photo of god_of_moneygod_of_money
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    March 14, 2009 - 12:59 pm

    by who?
    Independant valuer approved by realestate
    or approved by banks??

    Profile photo of god_of_moneygod_of_money
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    March 14, 2009 - 12:50 pm

    Terryw,

    Will it trigger CGT if sell to the spouse (i.e. removing the name completely) and also Stamp duty?
    Would prefer to sell it to DFT ?????

    Profile photo of god_of_moneygod_of_money
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    March 14, 2009 - 12:40 pm

    How can you get 2 lenders if the block of units is on one title..
    I thought that it is only possible if you strata titled the units
    Interesting… new experience !!!

    Profile photo of god_of_moneygod_of_money
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    March 14, 2009 - 12:35 pm

    CSI,
    What's wrong with the lender? It is the borrower's fault…

    Just imagine that if you locked into Term deposit for 1 year with interest of 8.2%, then suddenly they changed it to 3.25%, what would happen?

Viewing 20 posts - 661 through 680 (of 949 total)
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