Forum Replies Created
- Quote:Originally posted by AusProp:
well the fee may be fat but it may not be – maybe they just charge reasonable transparent hourly rates. I cannot believe the financial services industry is allowed to continue the way it does, with financial planners selling basically whatever the highest commission is on the day and many mortgage brokers putting people into loans with the highest trailers and constantly refinancing (churning) to generate more income. This is particularly so given the ageing population that require these services more than ever.
That is a pretty strong generalisation isn’t it? I know of no brokers who constantly churn clients.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
From what I have read these ANZ guys wont be brokers. They will be ANZ mortgage writers and will deal exclusively with ANZ products. They will represent ANZ and be seen as ANZ employees to the public.
http://www.smh.com.au/articles/2004/03/31/1080544553883.html
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
If all the people on the title qualify then the FHOG is available for one of you, if you reside in the property. The rest will then forfeit their entitlement if they occupy the home. If anyone on title has ownbed a property then none of you will get it.
This is quite complex. Best to get legal advice.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I didn’t go to university. But now that my wife is going to university and I am hanging out with the uni crowd and also dropping her in each morning I have one very very good reason why you should go and also why I wish to hell I had of gone when I was 18.
University is full of beautiful smart girls…
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Actually I just realised that he got a refund as he sold up. It is theoretically possible to do so on a reval but not quite as straightforward.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Pisces,
I had a client who very recently got a refund. It is quite possible depending on how much time has elapsed. Banks will go slow and individual staff members might not even know it is possible – mentioning the ombudsman seems to help sometimes.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
It certainly is possible depending on the time frame. You need to contact your broker or banker and get the ball rolling ASAP.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Kay,
That is called dollar cost averaging I believe!
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I was never an advocate of fixed rates until last year when we all saw the only way ahead was up – I fixed my loan at 5.89% for three years and am happy to have done so. I don’t know that I would be fixing the same loan at todays rates tho.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Pisces,
I have heard of people being paid under these circumstances – though not lately.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Fluffy,
Thats an offer you can’t refuse!
Cheers,
Originally posted by depreciator:Kavan,
Quantity Surveyors do a range of work – cost plans/estimates, builder bill of quantities, and tax work.
Not all QSs do tax work – too many rule changes.
Some do tax work and nothing else.
Fluffy,
There is a chance it will not be worth getting a schedule done on your property. It will depend on the depreciable assets inside the property. You are allowed to self asses assets, it’s construction costs where you need a QS.
If you give me a call today I’ll be able to explain this and you can tell me more about the property. If it’s straightforward, I may be able to help you sort out depreciation estimates without you having to spend a cent.
Scott – 1300 660033
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Good explanation.
All of the banks should actually pay you out if you break a low rate!
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Gatsby,
You are correct, but, the issue here is timing. Be aware that painting in the first year is seen as a capital improvement. The issue is bringing the property nback to the standard it was when first leased. Paint takes more than a year to deteriorate.
Please check it out with the ATO.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
The QS will prepare a depreciation schedule. People in newer properties get some significant non cash tax deductions from these schedules.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Wilandel,
People fix for peace of mind. only you can work out if it is worth the risk of paying more in the long run. Remember the banks set the rate to be profitable according to their forecasts, whilst remaining competitive.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Congratulations…be no stopping you now!
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I wouldn’t have any idea. Mine is a house so it will be equivalent to the market.
I imagine a purpose built unit could be residential flats in which it would be similar to the mainstream residential market or a full on commercial motel type setup in which case it will be tied to return and the market in the same manner as commercial property.
Hard to say.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I have a student rental property and am quite happy with it so far.
As to how to answer your question – I don’t know where to start.
Please post some specific questions or email them to me and I will see what I can do.
Feel free to give me a call if you want to have a chat.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Is it a repair? Or is it an improvement? I believe that the property will need to be tenanted some time before you can justify an entire top coat as a repair.
If you are actually repairing damage this is another deal altogether.
Remember a repair is work which brings the property to the condition it was in at purchase (and subsequent rental).
Hope this helps,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
NODOCS are great but the LVR is lower – typically 65%.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
