It's pretty common. Having analytical skills is great – however, over analysising everything to the point where you can't make a decision (and this isn't just about property investing) isn't so great. 

Cheers

Jamie

Hi Miranda

No worries – I thought you meant expert

If you're comfortable with dealing via phone/email then you can choose your broker/accountant from anywhere in the country.

Cheers

Jamie

In this instance a deposit bond isn't going to yield any real benefits. They're good for if you've got equity in existing property and you're waiting for that equity to become available.

Cheers

Jamie

Hi Peo

I'm not an accountant so seek expert advice. My thoughts are that CGT would apply for the duration it was an IP – if it didn't increase in value, then there's no gains – so I'd assume no tax should be applicable. However –  best to seek expert advice.

cheers

Jamie

Hi Alexia

It's not a stupid question at all. Usually it can be included on top of the loan – it depends on the lenders policy, the amount you need to borrow, the type of property and whether it's owner occupied or an investment.

Cheers

Jamie

Hi Jade

Welcome aboard

1. How are you looking to fund the deposit/costs? With equity in another property or with savings? If the latter – do you have equity in another property that you could access?

2. Some agents will request a small holding deposit before contracts are exchanged – it's usually just a good will gesture. When exchanging contracts – 10% is the norm but negotiating a 5% deposit is common.

3. What wilko said – can't really elaborate on that.

4. Agree with Wilko also – you're essentially trying to gazump someone so you'll need to produce a pretty stong offer.

Cheers

Jamie

Hiya

It just means that you can still access equity with a fixed loan but it just needs to be set up as a separate loan rather than an increase to the existing.

Jamie

Just got a $1500 cashback for a couple of Westpac customers Both were purchases – but applies to refinances as well.

Cheers

Jamie

Yeah they do. It helps to work with a broker who's an investor themselves. It's a question that new clients ask me quite a lot.

Cheers

Jamie

Hi Craig

You'll need to pay tax on any interest earned in a term deposit.

Yep – you could use those funds from the offset to purchase your PPOR – this will boost deductible interest against IPs whilst lowering the non-deductible interest against your new PPOR. Do you think the next PPOR will ever become an IP?

Cheers

Jamie