Thanks All

got it!
thanks all!

Thanks, Jamie

The current home loan is owner occupied.

how should split work if I am going to get my investment loan from a different bank?

Cheers

Sean

any help appreciated!

cheers al!

thanks, much appriciated!am I able to claim any loss when selling my currnt house?

Thanks for the response! Cheers

Thank you, I have noticed the revenue office about this.so I pay both rates and land tax on the IP and rates only for my home?I thought I only pay land tax not the rates on IP, or maybe I was wrong?Cheers

Thanks for the reply, still not quite sure about it.I thought you suppose to notice your state revenue office if you have rented your property then they will send you a land tax notice depend on the days of renting? I have only got two houses, one under my name and one under me and wife's name, we have rented the joint owned property.Cheers

so I could move in? cheers

Thanks for the reply,With renting the old house out, it pay off its own mortgage and I am comfortable with both mortgage at the same time.I just need to if I could move into the new one (rented one) after I have sold my old one, how come someone told me I couldn't move in untill I have paid off the mortgage?Thanks

Thanks all for the information, I will have a chat with my friend to sort things out

well, that's their problem as long as it does not affect me.cheers

So I suppose this will have no side effect to the landlord but myself?Cheers

The owner is a friend of mine, and I trust them, it appears they need this for their tax purposes.They going to issue me receipt for all payments and looks like they going to keep the bond themselves.All I want to know is if we all agree, this should not be an issue?Cheers all