I will be there – just booked my flights.

Looking forward to meeting as many people as I can.

I will be there from the Thursday to the Monday – anyone up for a beer on the Sat night?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Please don’t ever think you can’t get a loan until you have canvassed all of the lenders or have a broker do it for you.

It is often all too easy to shoot yourself in the foot before you even start with a negative attitude!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Apples

This is a question you should be putting to your solicitor.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Yes.

On the portion of the loan used for the IP.

If you have an exisitng PPOR loan then have the IP portion clearly identified on the statement using a split. Your banker or broker can set this up very easily.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Never heard of it.

Margin calls could fuel a huge dip in the market as it did with the stockmarket some years ago.

I couldn’t see it becoming a widespread practise amongt residential consumers.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Basic principle is to reduce all non deductible debt before deuctible.

So if you have a home loan go IO on the IPs until it is gone.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Greg,

I am puzzled here.

Before we start let me say I consider myself to be reasonably up to date on the FHOG and have found many people who have been poorly advised by solicitors, brokers and bankers. Don’t trust any of them – go to the government department.

The FHOG is a federal initiative administered by the states. I am surprised that there should be any differences.

Some people are just not well informed and are going off old info. My understanding is that any property owned before Jul 2000 will mean no FHOG. However any IP which was purchased but never occupied since that date is OK.

Take a look at my website. Under FHOG I have links to all the state bodies administering the FHOG. I bet they have the same requirements.

http://www.mortgagehunter.com.au/first-home-owner-grant.html

I think your advisors are ill informed and would suggest you find some that understand the legislation.

Here is the Act.

http://www.housing.wa.gov.au/about/about_firstbill.pdf

Take a look at page 9 of the document and I think you will find your question answered.

Hope this helps. If anyone has ever been told conflicting advice about the FHOG then please call your relevant state authority. Contact numbers are on my website – just go to the relevant state.

And lastly if anyone has missed out on the FHOG because of poor advice – don’t think it too late.

https://www.propertyinvesting.com/forum/topic/9062.html

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=7951&SearchTerms=FHOG

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Ring around some nurseries and tell them you want a large amount of cheap natives – ask for the old stock. The public doesn’t buy plants that don’t look 100% and often you can get a great deal on a ute load of rough looking natives that will perk up when planted, fed and watered for a season.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

You might find that the council can be negotiable on something like this. Go and have a sit down with the person responsible and see what they say.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Pretty sure you have missed it.

Go to my website and check the FHOG section then NSW and get in touch with the NSW OSR to check for sure.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.