my ideal budget is 550k and might consider 600k and looking the very same areas.wenty, pendle hill and then seven hills/blacktown.from a growth perspective i think wenty/pendle hill and better than toongabie. just bcoz the closer you are to westmead/parramatta, there is more demand.if you going to toongabie, then might as well consider south…[Read more]

hi all,i did get response from them, it was just short notice and half the time they are in city..in short both are very normal conditions for everyones knowledge and some solicitors just choose to put everything under the sun the cover the vendor.but confirmed by my solicitor nothing to worry abt and 99.9% you can ignore them.regards,investhut

Hi,Thanks for your input. I did say will discuss with solicitors today.they said, its probably a last minute bluff and they are seeking price discount thats it.of their possible 15 plus list, we finalised will just fix a cracked window and only toilet seat cover. take it or leave it.rest is their decision from there.solicitors both local in same…[Read more]

thanks guys!!

I will second that, thanks to all for sharing their knowledge and wisdom. Not only me, but 100's other benefit from this forum.

Thanks Michael,I was happy to Pay this one down as i had no need to move, minus two big things happening very soon to each other.Will do the sums, but Stamp Duty in this case in NSW for a prop worth 240k – 250K is only about 8k and 1-2 for my Solicitor.so Im looking at 10k to get in my Dads name, then let it rent out, while I am not sure where I…[Read more]

Hi Michael,I owe about 1k on the property, which can be paid off anytime. The reason for Trasfer is, I dont know where is want to live for next 1-2 years, happy to rent closer to my Sister. If I rent it out, it will bring 300pw as income in rent, and more 40% will go to ATO.but I will still need to fork out similar 300 per week for Renting closer…[Read more]

thaks Derek and Jamie,honestly the situation has changed way beyond my control in last 2 months. i had our first Baby and my mother passed way 1 week after that. so for family reasons I will be renting closer to my Sister home for 1-2 years..all i know is have 175K redraw, prop will rent for 340 per week. I am happy to take the money from the…[Read more]

jamie so if I take the money out and put it as 20% deposit for 1 or 2 IP, then it has the same effect right?ThanksInvesthut

oh yeah, Im also on 95k a year income, so def pay lots of tax.. and the prop will rent for 320-340 per week.being close to station, shops and 3 schoolsthanks,InvestHut

hi richard, thanks for your responses. i checked I am on this loan:https://www.loanaustralia.com.au/Our-Home-Loans/Other-Home-Loans/Flexi-Plus/default.aspxso it looks like I am with full offset facility only, from what I can read/understandregards,investhut

Hi Richard,For my current property, i have say 185k available in redraw, as I bought the property for 220k with 20% deposit.would I not completely refinance, but home and new property that I want to purchase with a new company.they would offer 2 separate loans, for townhouse say its worth 260k now.they would make the loan for 208k, leave 20% in…[Read more]

thanku to both of u… makes a lot of sense.. will keep u posted.

thankyou all.. this makes so much sensereally this forum is the best.i will see mortgage broker over weekend n sort the loan out…where i am looking i am getting 7-8 mins walk from station fibro home for about 330k or bit less. it its a bargain.also there are 3 drive from station 3 bedroom brick home… for same or bit more…any suggestion here…[Read more]

any input/direction??

Hi All,Nothing againt Dubai, but could not resist as I just came back from there.. I was born and lived in dubai before I came to Sydney. I have most family there.few things to consider which only an insider can tell u….1) its not democracy, its sheikdom… rules can change anytime… and as the ruling family sees fit.2) for same job, that an…[Read more]

Hello Everyone,Atleast someone can shed some light regarding the CGT implications, of renting a first home from day one…Thankss,InvestHut

Hi All,i was thinking of renting into the vendor (from whom I have purchased it), i know they are building  a new house and it will take few months for that to complete.dont know if that info makes sense.. or helps in this case.tcInvestHut

Hi Jon,thanks for your input, much appreciated. being a first home buyer, this whole process has been a big learning curve…almost certain that no approval exist. the wall itself seems well withing whats its boundary should be, if anything it looks it must be behind where other villas garage boundary is.now bcoz of query the Strata Manager is…[Read more]

Hi All,No help?? got the confirmation thats its not a valid change and i might be in trouble with council and Body Corporate in future…How much does it cost as a rought estimate to get a single brick wall down and then shutter garage door be put it.also for something like this can the council or body corporate impose "fines" on the current…[Read more]