http://www.liv.asn.au/public/finda/ this site may help

Say I have a  property worth 200k with an IO loan of 100k and then decide to refinance up to 80%, That would take my loan to 160k and I would have 60k to spend elsewhere. Now say later I decide to sell. Does the tax man consider my profit BEFORE i refinanced OR would he simply say:her profit is 40k, we tax her on 50% of that?Is the property an i…[Read more]

From what I gather you are asking is if you take out the 80% loan and then the borrower takes another loan backed onto the same title for 20% as well as the 80% you are lending them.  Is this what you are asking

HI it was not advice it was suggestion of a possibility and it seems as though you have explored that possibility and is not an option

Loan value ratio = LVR the value of the property according to your post is 420k the amount you are buying it for  being 340k is just about the 80% to be more precise 81% therefore you have almost 20% equity from the start if the valuations are correct, you would need to kick in 4k to avoid mortgage insurance.  You could choose to pay the 68k as a…[Read more]

Wow what a great start 80% LVR before kicking in your deposit so plenty of room for investment.  Not sure about renting the rooms out as some times can be an infringement on your own privacy but guess its up to whether you are comfortable with that. 

As has been stated fixing the loan can provide the reasuance of what your repayments are going to be, no one can forcast what interest rates are going to be in the future, it would only be speculation.  Some do a balance of fixed and variable loans to hedge their bets, and I guess it all comes down to personal choice.  Fixing for too long can m…[Read more]

Have you thought about keeping the place you have and accessing the equity to purchase your investments?

Well what can ya say to that? many inovative ways, some even leading to a free paid holiday, mind you the room with ensuite and all would be a little cramped and unhomely, and I am not sure the wages are that crash hot either maybe a dollar a day or something.

You may be able to increase the rent by having a few improvements eg air conditioning, heating security etc,  I know I would pay a little more for such luxuries if I was a tenant.  I know this has nothing to do with natural increase

Hi Rod I would suggest contacting the Brisbane City Council for this information

Sorry Marc my humour I really have no idea myself, and could not think of another comment at the time

A noise made by a cow!

Hi Louie I would contact the office of state revenue your state, you will find the links on our site here http://www.alphamortgagesolutions.com.au/Tools.htm as you have not lived in the place as yet , you may just get away with it so it is worth checking with them.  Of course if you have claimed it that may complicate it even further, but a ph…[Read more]

Good post Art

Looks like USA Terry

Hi Orica your questions are quite valid, however unless you are organising the valuaton yourself ?  by subjecting it to finance it is already subjected to valuation, as the lender will not provide the finance if the property does not meet valuation requirements. 

Hi Morayfield it northern suburbs as far as I am aware

Hi Joel people can only speculate where the market is going to go from here, there are indications it is going up however again that is speculative.  You need to do your research on where ever you want to buy and make an educated decision, some areas may go up and others down depending on supply and demand.  I wish you all the best with your d…[Read more]

I agree Marc I do not use this product the article was in support of what you say, that maybe it is not as rosy as what it seems