If you are buying because you want to make a quick buck in a booming market then I agree that it is the wrong time to buy.

If you want to build a portfolio of growth properties then the sooner you start the better. Having said that there is no rush and when you have done your research and are ready to buy the right property will be there!

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.

Yack has a sound idea if you chose to sell the IP. Don’t forget that the selling and buying costs as well as the CGT will need to be considered.

All I can suggest is that you ensure you have the best interest rates you can get and that the loans are IO.

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.

An LOC is IO for as long as required.

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.

Not in this council they don’t. The council even told me that they don’t care what it is used for.

As it is for family use we are not too concerned.

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.

CGT – close.

The profit made on the property after costs are deducted is halved then added to your taxable income.

This may well push you over the highest bracket.

An idea is to sell in a year that you have little or no income tax as assessed?

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.

Chan,

The answer is yes.

Call me and I will talk you through it.

Now get your application in!

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.

Only after the settlement. If you wait three months plus then have it revalued you will be able to access it.

Be careful you choose the correct institution though.

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 can claim the FHOG within the first 12 months.

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

Then follow the links to your state government requirements.

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.

Only after the sale I think Tony.

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.

This doesn’t have to be hard if you arrange it right.

Agents can manage it for you. Problem is they just advertise in the paper or on the uni website and will take nearly anyone that applies as they just want to fill all their places during the peak demand in Feb.

I advertised within the medical student community (I can show people how to do this). I have five very fine young men and women who are very serious about their study and the study environment. They were actually attracted by the fact I was limiting it to medical students only.

I am putting broadband on as well as having nice furniture, still cheap but clean and in good repair.

I also provided a DVD player – cost me $150 but their perceived value is much higher.

Of the five students three have the rent being paid by Daddy direct to my account. The other two pay a month in advance.

Whilst there are major breaks over summer I have offered to allow them to keep the room and leave their possessions there for half rental. Alternatively they can move out and I can rent the rooms to the summer school students for similar money.

All of my students have expressed an interest in maintaining a room over the break at half price. We will see how that works in Nov.

What else can I add? I keep the garden tidy and this gives me the chance to keep tabs on it. I have a vege patch going and drop whatever is ready in on the kitchen bench and get a drink of water and it works well. Because they are only leasing their room I have free access to the common areas – they are happy with this.

Any questions?

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.