haha you dont know a thing about me.

1. CGT on the PPOR at 20% if sold under 10 years. (exemptions for legit reason to move. ie work family health etc) 2. Land tax of 1.5%, all property, no exemptions (pensioners and other low income groups can accrue this until the house is sold) 3. Death tax of 20% on estates over $1million. – Yer great, work all your life to leave your kids a…[Read more]

ridiculous.

I havnt spoken to my broker yet.Im the one who is learning.Jamie, do you mind if I contact you for some advice?Also, I had to use my ppor as security for ip1 because i had no deposit, all my money was tied up in equity in my ppor.

Is this articale suggesting I increase my IP1 loan wo cover the deposit and buying costs of IP2, then the bank will simply hold IP2 title as security?Thus I keep IP1 title.Im I getting that?If I do that then I reduce my negative gearing capability in IP2 as it will only be in my name, and I am the sole bread winner paying 80k+ tax a year.

But how can I obtain a second investment loan with another lender without firstly using the ivenstment property as security plus 20 to 30% deposit, in the form of equity on IP1?I dont want to move the 110k cash I have in the offset on IP1 because I dont get full negative gearing benefits from that loan.Also, I do have a broker but havnt spoken…[Read more]

yes you need a misa account.

wow, your preantes are very lucky to have gone through the boom like that.

haha. I wish engelo.

I invested in lotto for many years. I won 3 million and now enjoy over 100k per year in bank interest.

Very true.

I hate when people use the not fully transactional line with the CBA MISA. So you can withdraw amounts less than $500, big deal.I have a CBA IO only with MISA and its fantastic, ay 6.96% currently.

113k to 20k, im sorry, whats wrong with it?

Nathan, what year did you buy your first property?

I was at a mortgagee auction this morning. No bids, passed in.Even a mortgagee vendor asking for stupid prices.Correction, I dont think so.

thought as much, thanks guys.

5 hours a day

ok, id like to be able to find CF+ properties in the areas Im favouring, but no cigar.Although Im not really looking for that per say, Im after something I can add some value to, whether by development, renovation, whatever.

engelo, do you think property prices will be going up in the next 2 years?

Im with Jack on this.Im only leveraged 20% with cash in the bank, and I cannot find anything really worth buying when you consider the world economy.