I'm just thinking it will push rates up and kill any competition smaller lenders can provide.  I have seen some posts on this forum highlighting obscene exit fees of some smaller lenders but these break cost scenarios must surely be known prior to signing a contract?  So I suppose what I am getting at is that from my viewpoint abolishing exit f…[Read more]

Thanks Richard.

Hi Terry,Is it a good product (rates, application fees etc)?  What are their break costs like?Andrew

Hi Terry,Why is there little (or no) asset protection in the trust?  I thought that was one of their key benefits.Andrew

In 1998 I finally found my ideal beach holiday house 150 metres from the beach just off the main road. 2 1/2 hour drive from Melbourne.  Asking price $28k.  Couldn't convince the Mrs. Today houses on the main road are advertised at $400K plus.  It still breaks my heart.Andrew

I cant vouch for them personally but Landlordschoice have a property sale package for $299. http://www.landlordschoice.com.au/services.aspxAndrew

Thanks Paul and Terry.I have a few questions regarding Lease/Options:I have read a lot about options on this forum in the context of development.  Is it the same thing (with a tenancy agreement attached)?What sort of lifespan do  people take on the options compared with instalment contracts and are they fairly straight forward?After the i…[Read more]

Hi Paul,I have been following this as an interested observer and appreciate the information you provide on the forums.One thing I haven't got clear yet is the difference between Lease/Options and Instalment Contracts and/or Second Mortgages.  And why are the lease/options exempt?Regards,Andrew

Hi Jacqui,This has been a really interesting read for me.  It sounds like you have made a great deal even better.  Great work!  I look forward to hearing how things progress.Andrew

The auction/advertising campaign sounds a tad high.  Mine cost $1500 just under 6 months ago and I also had 2.2%.

$800k + seems a lot.  I wonder if workcover or TAC would have that level of liability for a hand injury of that nature.Andrew

Inflation.  Generally two types.  Cost push and demand pull.  Cost push means that production costs rise eg. wages, raw materials and the retailers have to put up prices to cover costs.  Demand pull means that everyone wants a particular item and there are not enough to go around.  So people pay more to get the little that's there.  I found this…[Read more]

In other posts some people have suggested OzForex for shipping money.  People are saying that they have good rates and low fees.  But I cant vouch for that!Andrew

Hi saaiyuk,I thought I would test this for you.  I replied to a recent email she sent me.  I received the following rejection:<snip>    Recipient: <judith@taxlienanddeed.com>    Reason:    Requested action not taken: mailbox unavailable or not local<end>I'm not sure why that would be the case though.Anyway, about 6 weeks ago I received an email f…[Read more]

Does this mean poeple who own IP's (eg. 3br homes) for student accommodation are all uninsured?  Or do they get a different type of insurance?

MrsC, I concur with Trent.  When I renovated my home 3 years ago I had a second area that needed a largish kitchenette (approx 5 metres with cabinets above as well).  I bought a second hand kitchen in excellent condition from ebay for $800 – including all the appliances (stove top, oven, rangehood, brand names too).  The kitchen was HUGE.  It was…[Read more]

Hi Stu,Here's another thread from this site.  https://www.propertyinvesting.com/forums/property-investing/help-needed/4323195 I'm not sure if this will help but it covers other mining communities in the area.Andrew

thecrest,Not sure on expenditure, but public funding goes something like this:Each political party who polls over 4% of the primary vote in any seat in the House of Reps gets ~$2.30 per vote.  Same in the Senate.  http://www.aec.gov.au/Parties_and_Representatives/public_funding/index.htm There's private funding as well on top of this.Andrew

Thanks Terry.  Interesting point.  I'd be thinking more about my cashflow than a tax reduction scheme (although it is good to pay less tax if you can).  How routine (and expensive) are private rulings?  I'd never heard of them before I came to this site.Andrew

Hi Terry, Do you just mean that the LOC is used exclusively for investment and is not being diluted by nondeductible reborrowing?Andrew