Well good to see the responses, Detached houses is obviously the winner, So what we read about with regards to people leaving there houses to move into apartments is just developers and the media talking it up 

Mel 121 wrote:
Hi Keiko, ING Direct (you can go direct or through a mortgage broker) have a product called "Redcued Equity Fee" (REF) this is where they will self insure (not go to mortgage insurance) for purchase loans up to 95% LVR. This is also cheaper then going to either Genworth or QBE mortgage insures. On this product they will also allow…[Read more]

What area are you looking to buy in?

fWord wrote:

keiko wrote:
Yep deffinatly, it will be interesting if enough people answer.  I keep reading that most people want to live in apartments in the CBD's hence the reason for putting this post up

Depends on whose opinion we read, I suppose. For example, if you head over to the API blog, Michael Yardney believes that apartment living…[Read more]

fWord wrote:
Melbourne.Live in a detached house with a backyard.Prefer to live in a detached house with a backyard.Age 29.Good question, and if you get a wide enough selection of respondents, it'd be a good reflection of the type of accomodation people might prefer.

Yep deffinatly, it will be interesting if enough people answer.  I keep…[Read more]

If there is no catch to it, like the land being leasehold or something then you couldn't go wrong with it, 3-4 years and it would have paid for itself, ah so where abouts is it, LOL

Can anyone answer all or part of this?Thanks

Scott No Mates wrote:
That 's why you get personal or director's guarantees, can enforce a lock-out & personally hold the bond. Office of Fairtrading doesn't want to know about it, unless it is resi or retail.

Yep I have personal guarantees and bonds but still there is times when they just walk and you chase them and at the end of the day you…[Read more]

Scott No Mates wrote:
I think I've missed the point here – why would the insurance company want to get involved in an employer/employee relationship? What type of insurer covers that risk?

It would be like loss of income insurance which is available but whether or not it would work in the above scenario! probably not

Qlds007 wrote:
No not all lenders will allow this irrespective of the lvr.CheersYours in Finance

Hi RichardWhich banks have there own in house LMI at 95% and would do a refinance within a couple of months if all boxes are ticked?

If everything looks good, 80% LVR, sales evidence etc, are all banks happy to do the revalue within only a couple of months or do some banks have a policy where they just don't care and I must wait 12 months?  

Terryw wrote:
This is the date for that the land tax in NSW is calculated on. So buying on 1 Jan instead can mean you have 1 year without having to pay.

ah I see, At first I thought there may have been something new coming up after 31 Dec. cool thanks

Terryw wrote:
Dont forget land tax can be minimised by buying in different states. And buying after 31 Dec – off the top of my head I think it is settlement that counts.

Hi Terry, What happens after 31 Dec?

Terryw wrote:
Prenups, of binding financial agreements can be set aside in some circumstances such as if there is a major change in the situation of the couple. e.g. new children and this wasn't covered in the agreement. etc.It may also be possible that it wasn't done properly such as not signed off by a lawyer etc.If that is set aside then she…[Read more]

Hi Terry,I also have a question, My mum has been in a relationship for about 10 years and her boyfriend holds around $10m in assets which are all in a family trust which is only linked to him and his side of the family, he has also made my mum sign a prenump agreement stating that she can not sue him for half or take him to court etcHow easy w…[Read more]

Terryw wrote:
It is not a good idea to buy property through a company. Losses can be carried forward, but there is no 50% CG discount.

Thanks TerryFor what I'm trying to achieve it should be ok if what I was asking is possible

keiko wrote:
Lets say you bought a house for $200,000 and after stamp duty and reno costs it owes you $220,000 and then you sell it after a couple of years for say $300,000 and make a $80,000 profit on that property less 50% = $40,000 taxable CGTNow lets say you made a loss on the books in the previous year for say $100,000, would the…[Read more]

They would pay either wayI think I will just go GST exempt

Texaco wrote:
Keiko – what height off the ground?

Hi Texaco, That was for a low set home

owned by me and I have a ABN, Yes book keeping on the leasse