Flyingrally wrote:
http://www.sro.vic.gov.au/sro/SROnav.nsf/v/D9C90CE2DFBAA2FACA2576AC0005E888/$file/DA-026.pdfwill give you a better explanation. From what I can see though if the properties are advertised seperately and the purchase of one is not dependant on the other you will be fine.Stamp duty savings are significant. 5 x $130000 p…[Read more]

Terryw wrote:
Its called aggregated stamp duty. see s24 of the Duties Act (Vic)http://www.austlii.edu.au/au/legis/vic/consol_act/da200093/s24.htmlYou may need to stagger the purchases over 12 months to avoid aggregation.

Hmmm…..I found and noticed that little bit about the 12 months too Terry.  Is it actually referring to total properties,…[Read more]

JamesSampson wrote:
wow banks are asking for annual fees on top of the interest…didnt know that was happening.

Not sure of the above case, but it's usually a fee for a product that actually gives you a lower interest rate.  example: We get 0.6% off each of our loans for a fee.  The savings are much more than the fee, especially if applied a…[Read more]

Jamie M wrote:
Sounds fine – why not use the LOC for a 20% deposit? That way you can avoid paying lenders mortgage insurance. In most cases, I have no probs with paying lenders mortgage insurance to purchase a property, but if you've got a $250k line of credit then it might be worthwhile chipping in the additional 10% for the deposit.Jamie

I'm…[Read more]

littleaussie wrote:
Hi Jacquie,We have properties in Maryborough and Maldon.  ( Maldon is not this cheap anymore)None of our properties are x-commission but they are old houses.  Both of these towns have seen considerable price rises over the last 2 – 3 years, but Maryborough in particular is still cheap in comparison to other towns.Ex. One of t…[Read more]