Hi Roberto

I don't have any facts or figures to back this up but I think there's seasonal adjustments in certain locations.

Take Canberra for instance – it seems that during the winter, there's probably less people out and about checking out open homes – and you can't blame them, the weekend that just passed was terrible! However, once Spring hits and the sun is shining – the market tends to pick up a bit.

I also see this in the business  – the three months leading up to Christmas are always quite busy. I don't know if it's seasonal or if there's a mindset to get things done before the new year. It could be a combination of both or none at all, it's all just speculation at the end of the day.

Cheers

Jamie

Hi Roberto

It might – but it's all speculation.

Is 90 days normal in this part of the world? If not, have a chat with the agent and ask about why it hasn't been snapped up and what feedback is he/she getting. Has their been any interest? Why are they selling – what's motivating them?

Cheers

Jamie

Hi Adam

I wouldn't pay too much attention to it – in 10 years time, you should be able to set up another interest only period. If not with ANZ, then with another lender.

Cheers

JAmie

I'm with you – kitchen and bathrooms are a couple of big ticket items when it comes to value add. I'm not sure I'd be willing to spend too many dollars on external concreting. 

Cheers

Jamie

Link

Just don't blow it! Work out how much the CGT will be and don't touch it –  place it somewhere where it's either saving/earning you money for the year.

Cheers

Jamie

Hi Chetnik

I don't know of any.

What's the main goal with this loan?

Do you want to simply pay it off as quickly as possible? If so, set it up as P&I and pay as much as possible into the loan. Also set up an offset against the loan and have your income(s) paid into the account.

If there's another goal – like turning it into an IP at some point, then repaying on a P&I basis will be detrimental – as will using such a massive deposit.

Cheers

Jamie

Hi and welcome aboard.

The state the property is in will determine whether duty will be triggered again.

In any case, this is a scenario that you'd want to discuss with your accountant – let them know of your intention to sell the property within the next few years as well.

Cheers

Jamie

OK – definitely need to have your accountant crunch the numbers for you to work out your best option.

Where are you located? If you don't already have a good accountant, you might find some useful recommendations here.

Cheers

Jamie