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PM sent. Thanks Wilko
Thanks for all the responses!!!
Thanks Jamie – Can brokers still do this without applying for a pre-approval? I don't want to apply for anything yet, just work out the possible strategies/options with what I can borrow.
Also, how would i work out what i can borrow after my first purchase, so i can move forward? Is this something i can also sit down and work out with a broker when I am ready to start? Should the accountant be involved with this part?
Thanks Kong71286 – are these fairly accurate? Do they consider most lenders? From what I understand lenders may lend different amounts based on the same circumstances. ??
Thank you
Sorry the above link is a 40 page PDF. This is the link for the website if preferred http://www.ato.gov.au/corporate/content.aspx?menuid=0&doc=/content/00313554.htm&page=2&H2
Hi Sabbathen,
The ATO have published a rental property document with some information regarding your question. I have attached the link below.
http://www.ato.gov.au/content/downloads/ind00313554n17290612.pdf
Patty
Thanks Rosa, I found your post helpful.
I'm on a 50K base and currently saving for my first investment property!!!
I found the following ATO benefit helpful for my circumstance and thought i would share it below for anyone in a similar situation..
The ATO has a HECS benefit scheme for graduates in maths, science, education and nursing. It can be claimed every year for a maximum of 260 weeks and the benefit is roughly $1,635.75 – $1,7000 per year towards reducing your HECS debt.
http://www.ato.gov.au/individuals/content.aspx?menuid=0&doc=/content/00236158.htm&page=2&H2
Patty