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  • Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 4:10 am

    Post

    There are many factor that would govern your decision here:

    1) The actual break up of figures on your PPOR.
    2) Your current Marginal Tax rate and income break up.
    3) The age of the current property.
    4) How long you would stay in the new PPOR.
    5) Whether the loans are x collateralised.
    6) Which State the property is located.

    Certainly worth crunching the numbers though.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 4:06 am

    Astrawan

    Dont worry if you have a close look at the website all the juicy bits are coming soon.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 4:04 am

    Dont worry we found the existing opportunity we were looking for.

    New" China Funds

    China is experiencing unpredecented growth, and according to the latest statistics will continue to do so until at least 2015.

     

    China is projected to be the world's largest economy by 2025, and has the highest Foreign investment in any nation in the world, with over 50Billion USD invested each month.

     

    For even the most conservative investor, the China outlook is a good opportunity to start investing, as some investment banks are even to guarantee (protect) your capital, and part of your profit.

     

    The time to get into China is now.

     

    To find out more about the various China Investment funds on offer, please contact GN Fiinance. 

     

    To learn more about the China economy, please go to our "Articles" section under Tools.

     

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 3:59 am

    Lol oh yes i am on the forum just for the business GN.

    Maybe you should have read some of my posts before you make such a remark.

    All i said is if the product you are promoting is such a wonderful new product why not post some details on here so we can all see what we are missing. We dont need the specifics but merely the name of the Company and we can all do our own DD.

    I assure you if you believe your own post you live in cookoo land.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 2:43 am

    Hi Rich

    Think you may want to do a topic search on the Investors Club and see what others have had to say over the last 12 years about them. 

    There are many good agents without having to resort to a Buyers Agent who i can recommend in Brisbane if you are looking in this area. Let us know and I can email you a recommendation.

    Richard Taylor | Australia's leading private lender

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    February 6, 2008 - 2:28 am

    balniks

    Yes it will certainly make a difference.

    Always suggest getting in right in the first place as it could save you a few dollars.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 2:25 am

    Hi Mary

    I think myself along with some of the older forum members are tired of new members coming on here with an agenda whether it be to promote their own product or service or to offer inacurate advice or information.

    Realisically you have to ask yourself in the current climate how many Capital Guarantee Funds are guaranteeing 12-15% per annum.  Gabriel may well be Licensed (although an ASIC search does not reveal this) however it is dangerous practice and even illegal to tout for investment funds in such manner.

    Funny all the Westpoint promoters who were online a couple of years ago seem to have disappeared.

    I wonder why.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 2:21 am

    Steve appreciate the referral.

    Yes ING have a home in the market place but i wouldnt use them for a standard client.

    Did he tell you they also were the first lender to announce an increase in their home loan rates at 3.00pm yesterday afternoon within 30 minutes of the RBA decision.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 2:18 am

    That is correct $150K per annum for non concessional contributions.

    If the loan is in the SMSF then the shortfall has to be paid from the fund and not your weekly income.

    Settled a loan last week for a client and the current rate was 9.1%.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 1:52 am

    Josh

    Currently, age-based limits determine the amount of ‘deductible’ contributions you can make each year (such as employer Superannuation Guarantee payments and salary sacrifice amounts). From 1 July 2007, a single limit of $50,000 per person per year will apply to everyone.


    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 1:25 am

    Pat it is not ……..trust me.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 1:24 am

    Josh

    No credit checks required as the loan is in the Super Fund.

    There are only a couple of lenders offering such a product at the moment.

    You are restricted in the amount of contributions you can make each year.

    A couple of lenders i have spoken to have a $1Million max loan.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 12:49 am

    To correct a couple of previous posts:

    1) I heard that if you buy in your own name you have access to more lenders as opposed to a Trust which has only a few lenders?

    Hate to say this is not correct.

    2) Another issue is that if you make a loss in a trust, that loss cannot be offset against any personal gains.

    This is only the case when the property is purchased using a Discretionary Family Trust. I would be thinking about switching Accountants.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 6, 2008 - 12:43 am

    Pat the after sales service with Suncorp is an absolute disagrace.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 5, 2008 - 11:55 pm

    Might get 80-85% depending on a few factors.

    No you would need to make the constribution into your SMSF an then borrow in the Fund name.

    A NR is a loan where if it falls over the only security the lender has is the property itself. They can't recover any loss from any other assets you may own within the fund.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 5, 2008 - 10:59 pm

    Funny how great minds think alike.

    Terry has highlighted the 2 lenders i am using predominately at the moment for a variety of factors including pricing, product range and service levels.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 5, 2008 - 9:58 am

    Hi joshua, yes you are able to purchase property in the name of your SMSF and borrow funds to support the purchase.

    The fund is able negatively gear the property and claim any depreciation and building write off. As the loan is a non recourse loan mortgage insurance is not available and the LVR is reduced.

    You would need more than $50K in your SMSF in order to purchase a property.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 5, 2008 - 7:17 am

    ING & Bank West announced a 25 Bp's increase within 3 hours of the decision.

    I think they will ALL increase their rates.

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    February 5, 2008 - 3:51 am

    GR

    One of my favoured lenders and a good suggestion.

    Their servicing model is however not one of the best and they charge a monthly fee for the 100% offset account.

    Richard Taylor | Australia's leading private lender

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    February 5, 2008 - 3:18 am

    balniks

    Wow before you go on any further just be a wee bit careful.

    From what you have said you will be living in the new home and intending to rent out your current PPOR.
    If this is the case remember the interest on the land and relocatable home will be non tax deductible and interest repayments will be made with after tax dollars.

    Also only the interest on the balance outstanding as at the time of you moving out of your current property will be tax deductible. You will be unable to redraw funds down and claim the interest or refinance to a higher loan balance.

    A good broker will be able to map out a way forward with you and look at alternatives to maximise your tax deductions and reduce your non tax deductible debt. Immediately i would changing your current loan to an interest loan as you dont want to pay off any more than you have to for the time being.

    The situation needs carefully planning to ensure that you have it right.

     

    Richard Taylor | Australia's leading private lender

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