awsydney, I have some information that may interest you. I live in DY. Since 2000 DY has been in the top 20 postcodes in NSW for taking up the FHOG each year. Since May 2008 it has been in the top 10. Lots of unit development.Median unit prices in DY currently $413kMedian rents $400p.w. Rental yield ave. 5.1%.Rented properties make up 44% of h…[Read more]

Richard makes a great point about LMI thresholds and the need to spread your lenders.Well done!!Hydra

In NSW if you are unable to move into your property within the first 12 months because you have work commitments preventing it, you can ask the OSR for an extension which can be granted if they see fit. But this would need to be done prior to the 12 months expiring and ideally as early as possible.  Best idea is to ring the OSR in your state and…[Read more]

Hi everybody, I'm pretty sure the rule is you have to move in within the first 12 months and stay for a minimum of 6 months. You can then move and rent it out again and you will still be eligable for the FHOG.Hydra

Hi MacnattYou would also need to show you are able to reduce debt on your credit cd if you have one; meaning it is not maxed out and you are conscious of being able to comfortably reduce it.Numerous enquiries on your CRA wouldn't help. If your after 95% LVR you would need to have far less activity than someone after a lower LVR. EXCELLENT JOB,…[Read more]

Hi Jenny, you may find that the mortgage insurers may only lend at a very low LVR in your area. Sorry, but I may be wrong.Hydra

Yes it was Margaret Lomas.Her reasoning is mainly due to the impending infrastructure in the particular municipality. Apparently she physically makes appointments with various councils and flys all over Australia interviewing the manager for her research.Hydra

I went to a seminar the other night in Sydney and was told that Frankston council has earmarked $500M (thats 500 million) over the next 20 years in infrastructure development. The woman giving the talk, has written several books on real estate investing and chose Frankston as her No 1 pick in all of Australia followed by Werribee then Ipswich.Hydra

Ask QLD007 for a property report and it will list about 40 comparable sales in the local area. Drive around and check them out doing your own roadside val.Hydra

Qlds007Thank you Richard once again! Hydra

65ensIt may have had something to do with the postcode. It may help to check what LVR your'e allowed in that particular postcode.Hydra

Sorry, gentlmen to get off road, but need some advice from people far cleverer than I.2 people purchase IP, both on title and mortgage documents. Can the highest salary earner claim all 100% of neg. gearing benefit.? Presuming married couple.Hydra

NitroAll new customers with St George are able to apply for Negotiated Basic Home Loan. The idea is to attract new customers to the bank.The 2 loans are exactly the same. The 09% discount is for the life of the loan. For current customers to be able to apply they need to increase their lending and then they can convert to the Neg. rate. Just r…[Read more]

The upgraded sales price in the residex reports refers to the capital growth for that particular suburb per year added to the last sale price for the property. This may not carry over to your particular property because of the 5 variables. The value estimate of any particular property is the residex value on the front page.  Hydra

Hi Richard, Thankyou also from me.As always your advice is very informative and professional. I appreciate your great support to this forum.I have not been a member for long and I along with others really look forward to the help you provideHydra

Richard,If separate 100% IP loan would that mean security for PPOR would need to be involved as well? ie IP loan would need to be taken out with same lender.  RegardsHydra

Richard, would this help Mimi or not?PPOR loan would be P/I with offset and 1 split20% deposit placed in split, this money to come from PPOR loan account not offset.Borrow 80% for IP at I/OAll 100% of IP purchase is identified, no problem with ATO and interest for all 100% of purchase tax deductible.Rent from IP deposited straight into offset to…[Read more]

Thanks,Terryw, very positive.Hydramax

Terry would investor sponge need the LOC if he had the 3 IO loans and an offset with the PPOR?Would he and his wife be better to pour their salaries and all their rental incomes into the offset?Would that maximise their deductions on non ded. debt and at the same time maximise the deductible benefit of the IO loans?I value your input, and I may b…[Read more]

for info on new block being built in Brunswick, 24 x 2 b'room, 2 bath email info@mortgageking.com.au Catalogue available