mkbonline started the topic Refinance when having fixed rate loan component in the forum Finance 4 years, 5 months ago
Hi Experts,
I am looking to refinance my PPOR loan.
Currently with AMP – Current loan balance of 930K @ 2.89% variable – 18 + yrs renaming and 485K @ 3.85% 3 yr fixed with 1.5 yr appx remaining. Looking for cheapest rate, 100% offset, unlimited redraw and additional payments.
My research for re-finance led to below cheaper options
Super Saver…[Read more]
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mkbonline replied to the topic My CGT Liability in the forum Legal & Accounting 5 years, 4 months ago
Thank Terry. My understanding was same i.e. You can still claim the the CGT free period for up to 6 years after moving out. But one tax agent advised me that since i have brought a new place of permanent residence in Dec 2018 – I will need to pay CGT on any growth in original property after I moved into the new place (Dec 18). Is that correct?
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mkbonline started the topic My CGT Liability in the forum Legal & Accounting 5 years, 4 months ago
I purchased 2 bed townhouse as my PPOR in Dec 2010 for $320K in Toongabbie NSW. Lived their till Feb 2015 and then moved to overseas with a new job. I came back to Australia in Nov 2016 and was renting out in a different suburb till Dec 2018. I brought new place and move in Dec 2018. Old PPOR (Toongabbie) is rented out since April 2015 (more than…[Read more]
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mkbonline started the topic Austral/Leppington area in the forum Help Needed! 5 years, 5 months ago
Hi Experts.
Current situation – Starting at property investment. So far have a townhouse in Toongabbie, NSW (which was original PPOR). Almost – 40. Bit late in property investment game.
Currently looking at
https://www.realestate.com.au/property-residential%20land-nsw-austral-202398122
Any thoughts for investing in duplex potential land ? And…[Read more]
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mkbonline started the topic Austral/Leppington area in the forum Help Needed! 5 years, 5 months ago
Hi Experts.
Current situation – Starting at property investment. So far have a townhouse in Toongabbie, NSW (which was original PPOR). Almost – 40. Bit late in property investment game.
Currently looking at
https://www.realestate.com.au/property-residential%20land-nsw-austral-202398122
Any thoughts for investing in duplex potential land ? And…[Read more]
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mkbonline started the topic Austral/Leppington area in the forum Help Needed! 5 years, 5 months ago
Hi Experts.
Current situation – Starting at property investment. So far have a townhouse in Toongabbie, NSW (which was original PPOR). Almost – 40. Bit late in property investment game.
Currently looking at
https://www.realestate.com.au/property-residential%20land-nsw-austral-202398122
Any thoughts for investing in duplex potential land ? And…[Read more]
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mkbonline started the topic My CGT Liability in the forum Legal & Accounting 7 years, 1 month ago
I had purchased 2 bed townhouse as my PPOR in Dec 2010 for $320K in Toongabbie NSW. Lived their till Feb 2015 and then moved to overseas with a new job. My PPOR has been rented out since April 2015 (more than 2 years). I came back to Australia in Nov 2016 but renting out in a different suburb (due to better school district).PPOR is still rented…[Read more]
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mkbonline replied to the topic CGT liabilities in the forum Legal & Accounting 7 years, 9 months ago
Thanks for quick response Benny. Yes – it does bring smile to my face hearing that I can hold it for upto 6 yrs of moving out without incurring CGT. However – i do plan to purchase a new house as PPOR – so I believe that I should sell existing PPOR first and then buy a new one.
I look forward to more responses from accredited adviser in this…[Read more]
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mkbonline started the topic CGT liabilities in the forum Legal & Accounting 7 years, 9 months ago
I had purchased 2 bed townhouse as my PPOR in Dec 2010 for $320K in Toongabbie NSW. Lived their till Feb 2015 and then moved to California with a new job. My PPOR has been rented out since April 2015 (almost 2 years). Now – I am back in Australia but renting out in a different suburb (due to better school district).PPOR is still rented out.…[Read more]
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mkbonline started the topic CGT liabilities in the forum Legal & Accounting 7 years, 9 months ago
I had purchased 2 bed townhouse as my PPOR in Dec 2010 for $320K in Toongabbie NSW. Lived their till Feb 2015 and then moved to California with a new job. My PPOR has been rented out since April 2015 (almost 2 years). Now – I am back in Australia but renting out in a different suburb (due to better school district).PPOR is still rented out.…[Read more]
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mkbonline replied to the topic Negative Gearing Benefit for Overseas property in the forum Legal & Accounting 11 years, 8 months ago
Sharing useful links from ATO website
http://www.ato.gov.au/content/downloads/ind69513nat14233062010.pdf
http://law.ato.gov.au/atolaw/view.htm?locid='SAV/00238031'
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mkbonline replied to the topic Negative Gearing Benefit for Overseas property in the forum Legal & Accounting 11 years, 8 months ago
Meaning Australian Negative Gearing benefits can availed in all scenarios? Can you recommend any Tax Accountant in Sydney who have experience in Overseas Property Negative gearing?
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mkbonline started the topic Negative Gearing Benefit for Overseas property in the forum Legal & Accounting 11 years, 8 months ago
This question came up while discussing Negative gearing concept with an Indian colleague.
Can Australian Resident claim Negative gearing benefits from overseas property investment in below mentioned scenarios?
Scenario 1 – Buy an existing house (constructed and ready to rent out). Use PPOR equity to buy overseas property i.e Loan from Australian…[Read more]
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mkbonline replied to the topic Easyway franchise in the forum Help Needed! 11 years, 11 months ago
Says around 300k in there website.
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mkbonline replied to the topic Business Forum in the forum Help Needed! 11 years, 11 months ago
Check flyingsolo dot com dot au/
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mkbonline replied to the topic Negative or positive for high income in the forum Help Needed! 11 years, 11 months ago
Stupid question from a newbie in Property Investing.
When we say positive cash flow property, do we use Interest Only repayments or Principal+Interest repayment for Net Cash flow Calculation.
I am finding it really difficult to find a positive cash flow property even in Western suburbs of Sydney, if I use Principal+Interest loan repayment for…[Read more]
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mkbonline replied to the topic Can PPOR equity used to buy property overseas? in the forum Finance 11 years, 11 months ago
Guys, Thanks for great response to my post. I was never expecting a reply from the my main source of inspiration, man himself 'Steve' !!
Let me be more specific about this overseas investment opportunity.
Its off the plan multistory apartment project where only 30% of the total price needs to be paid in within the first 6 months and the…[Read more]
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