DraconisV wrote:
Hello Tylon,With the FHOG, you are saying that you will live in their in the first 12 months to get the FHOG, that is kinda true, you also need to satisfy that you have lived there for atleast 6 months out of the first 12 months to get the FHOG.

Almost right …You need to live in the home for 6 months STARTING within the…[Read more]

A Discretionary Trust is what you might consider.A Company offers little benefit.

You will get the 6 year CGT exemption when you move out provided you don't buy another home.So the first few months should be the only CGT liability that you have as well as any time it is rented after the 6 year CGT exemption.Cheers,

Hannah Seaniger wrote:
Please help me.  what are the dangers of changing from fixed to variable interest rate.

Pretty obvious.  If rates rise so do your repayments.  The plus is that you will enjoy any rate falls.Did WBC say if there was a penalty to refinancing your fixed loan??  Often there can be.

t803815 wrote:
Hi all,I am thinking about investing aggressively in property over the next several years. My plan is to change all of my residential loans (deductible and non-deductible) to interest only to increase my cash flow. My non-deductible loan has a 100% offset attached to it, so I plan to pool all of my funds into this account, which…[Read more]

This is another fear experienced by all new investors.Fixing rates is the obvios answer and many people fix for the first 3-5 years.  After that rising rents will help with any interest rises.Many, probably most, choose variable rates and factor in a rise or two in their calculations.  Rate rises aren't the end of the world.  Noone expects them to…[Read more]

I use IO to maximise cashflow.When I have accumulated enough property I will start on the Principal.  I honestly don't care if I never pay off the properties and die with a debt.  I don't feel the need to own anything outright.I just want the rising capital value and the rising income streams.  I let inflation take care of the property value.My pa…[Read more]

What's it worth to you?  That is more important!

I have found NAB to be the best lender as far as high valuations go – perhaps it is more my mortgage contact than a mainstream policy!  If you are with CBA then don't plan on refinancing fast.  Those guys drive me nuts sometimes.  When you are ready to do something give Richard a call – he will look after you very well.  xcoll isn't the worst thi…[Read more]

Knock on the door.  If the owner doesn't live there then the tenant will probably have some contact details.  Or the neighbours as Hutch mentioned.  I have always found neighbours to be valuable sources of info and generally they love a chat.Don't go near any real estate agent.  If they get a whiff that there might be a possible sale in the win…[Read more]

You are more up to date than I

Based on having a secure income and a deposit you should be able to get a loan – how much will depend on a few factors.Contact a reputable broker and after you have answered a few questions he will be able to give you an idea of how much you can borrow.Must be a pretty nice property for $700pw!Cheers,

t803815 wrote:
Depro also appear to offer a better guarantee than Depreciator (i.e. if the depreciation entitlements don't amount to at least double their professional fees in the first full financial year, they will refund the fee charged and provide the report for FREE).

I think that sounds the same.Well based on that I reckon your choice is…[Read more]

I hope that they give you as good a report – I expect they will but not all QS firms are up on the latest and I have heard bad stories about Accountant generated reports!Are Depro going to visit the property or do a report based on your info?  If it is the latter then I suspect even their quote is excessive.I am guessing that Depreciator's fee of…[Read more]

http://www.depreciator.com.au are the company that I use and refer people to.  Have had positive feedback from all the investors I have directed to this team of Quantity Surveyors.They have a deal whereby if you don't get double the cost back from the ATO in year one then the report is free to keep and use over the next 20 years.Terrific service and…[Read more]

This theory is called the snowball theory and it was in todays SMH money section.  As you kill the smallest debt you have more to put towards the second smallest and so on.it gives an early feeling of success and hence a psychological advantage.  Useless if you don't cut up the credit cards.Many experts suggest killing the highest interest debt f…[Read more]

Lighten up folks.  Let's think twice before we label others or get all sensitive over some stranger's opinion.  Perhaps we need to keep our opinions to ourselves and direct our discussions to investing.If this thread doesn't become useful in the next few days it will be deleted.  From what I have read so far it seems like a waste of server sp…[Read more]

https://www.propertyinvesting.com/forums/property-investing/general-property/22883?highlight=debt%2CmonsterHave a read of this article and then post any questions or ideas you have here and I will discuss them with you.Cheers,

Tatts_83 wrote:
Just curious, do any banks/lenders offer IO loans that come with an offset account?Tatts

Probably nearly all of them do.

I have heard that within Docklands there are better and worse buildings.  Research well and you may find a good IP there.