Heya, Standard loan features should include;
1) Lump sum payments option (no fee)
2) Early payout with no fees.
3) Fortnightly payment option
(things you should not care about are things like Maternity leave – reducing payments when partner is pregnant) You really should get these features as you dont know when your circumstances will…[Read more]

If the old driveway is cracked and unsightly, then a buyer may use this as leverage to lower the offer. If however the property itself is “as bad as the driveway” then they already know they are in for renovations.

You wont get the money back.

Have you asked them why the are delaying settlement? I would, on one hand, be approaching their solicitor and getting accurate information on why they are delaying, and as “politely” as possible state that you are eager to complete the sale, and would like a confirmed date of completion. On the other hand I would be doing my due deligence on whats…[Read more]

UPDATE – Now they want to claim through the Car Insurance but want landlord to pay the the excess. Sounds dodgey??

Yes, this means be back to one. But I will have the opportunity to buy when the right propertieS arise. I have a unconditional loan approved as is (and have had for 3 months) and still cant find a property worth my time.

Interesting comments on the child welfare/payments thing. Anyone have an experience in this?? In know you get $3119 payment…[Read more]

yeah, I certainly get your point… its just a tough decision, i know i make it sound like Im selling to buy a car, but the main reasons to sell are (in order)
1) reduce payments on PPoR
2) ensure wife and baby have safe motor vehicle
3) Make good CAp Gain (and the vehicle is a gift for the hard work i had to do to make to CG)
Note I owned the…[Read more]

Hell Yes, show me my ten bangers. But your not getting a receipt!

Hell Yes, show me my ten bangers. But your not getting a receipt!

was looking at fixing half mortgage as was lower rate than variable, but by the time i got off my butt, the fixed had a gain gone back over variable rate.
Well had for my fanancier.
I would think .5% by year end

Thanks for the responses. Agree on the new car/2nd hand thing. Did I mention the missus is up the duff and her 92 Holden Nova doesnt have air co etc. Ill give her my car, and I get the newby/2nd hand car.
Also need to reduce payments on PPoR as wont have second income.
Your right, think im in win/win situation here. (Was my 1st IP so little bit in…[Read more]

56%

Thanks for the prompt response. Justed wanted to get one under the belt when purchased this IP. Def needs to go though, its at its maximum potential (well at least for the next few years) and I love the saying “Would you buy the property now for the price I want to sell for, and if the answer is no, then sell it”

I called my bank a few weeks back and asked numerous staff how my monthly repayments are calculated. None of them could tell me. I raised a complaint and had one of there senior analysts call back, whim, still couldnt tell me. (down to the cent. Im pretty anal) Most recommended I use calculators on their website, which are inaccurate. (Especially…[Read more]

How do I work it out [blink]

I can also confirm that the CG “is” added to your taxable income, which in most cases (well if you invested wisely) will put you into a higher tax bracket. Damn it.. Whats this I hear about only paying 30% CGT regardless of your taxable income..anyone point me to a forum re: this??

Go with a conveyancer. They specialise in the area. I once had a bad experience with a solicitor, because he palmed off the work to his 20 year old secretary becuase he was to busy to do the work himself.

What suburb/state? []

The equity in the two properties has been used to purchase the third property. Owner occupied. Paid $325K, but borrowed $340K for all purchasing expenses (stamp duty). This house is valued at $390K. Last years profit and loss was a loss of $2500 (rates/strata)
I guess my question is, should I hang on to these two investment properties given there…[Read more]

I recently refinanced two existing props into one loan (3 umbrella accounts)when buying a new property (3rd property). I went with a completely different lender. Not only did I better the ridiculous rate I had from the other two lenders (obtained 1 – 4 years earlier) but because I consolidated all loans into one loans (but three account numbers to…[Read more]

Unit 1 Paid $85K in 2000 Valued $170K Rent $145wk. (but just rang real estate and increase to $155wk pending)
Unit 2 Paid $185K in 2002 Valued $230K Rent $250wk.