Hi Frank,
I would tend to think that, all things being equal, the ration between the two would remain similar. At the moment it is 3:4 based on the prices you quoted (900/1200). I expect that land size for the duplex half would likely be smaller than the house for $1.2m – perhaps in the same ratio (or similar).

That would mean that, if the…[Read more]

Hi Ms Trump,
Your first post indicated that your family member didn’t build – just had a developer divvy up the blocks, pay all fees for subdivision, and take “one or two lots for free” as payment. Your situation sounds like it could be similar, but that you might want to build as well. Would you perhaps clarify a few more things for us?

So…

[Read more]

Hi Lewis,

Sorry to hear what has happened, and I’m glad you chose to post to ask “What next?”

Terryw has come up with the right answer – you need an adviser on your side who KNOWS the law. Only then you will learn what all of your options are, and can discuss all of the other “What ifs” with them too. Even if it costs a bit, it seems to me…[Read more]

Hi Simon,

Am I correct in guessing you are suggesting I would run into further trouble if I put the IO funds in the offset against my PPOR?

That is a good thought, and that might be quite right – but really, it was an earlier comment from Terryw that I wanted him to clarify (and this goes back some time too – but could also be related to your…[Read more]

Hi Simon,

Am I correct in guessing you are suggesting I would run into further trouble if I put the IO funds in the offset against my PPOR?

That is a good thought, and that might be quite right – but really, it was an earlier comment from Terryw that I wanted him to clarify (and this goes back some time too – but could also be related to your…[Read more]

Hi Terry,
Your words here reminded me of something that you have warned of in the past:-

Ignore what the bank is suggesting they will make things worse.
You need to pay off the loan and reborrow.

I think the words went something like “Don’t take funds out of an Offset account to become a Deposit on an IP. Instead, use those Offset funds to…[Read more]

Hi Merv,
I think it is always good to learn – going to seminars is one way to do this, along with books, structured courses, meeting with other investors, etc. One piece of useful advice is to always consider “what is in it for them?” when attending seminars. Like, are they wanting you to buy a piece of real estate from them? If so, how…[Read more]

Hi Simon,

Sheesh, some Banks are good for nothing !!

It has just all come through & it has landed in my variable PPOR home loan account.

So, have they (or you) OPENED an Offset Account against any Mortgage account? Or is there still NO Offset Account at all? That is so slack – but can be quite typical of some banks (have had quite some…[Read more]

Thank you Brett Clarke for providing us for your very informative article:-
https://www.propertyinvesting.com/the-12-most-common-pitfalls-when-insuring-your-rental-property/

This whole thread has been an eye-opener to me, and I suspect to most other members too. Now having your article that highlights all of those “gotchas” is worth its…[Read more]

One of our members with vast experience in the world of Insurance shares his thoughts and warnings. Some of the comments that Brett shares will have you aghast (for mine, check out his point 11 – it had me scratching my head).

https://www.propertyinvesting.com/the-12-most-common-pitfalls-when-insuring-your-rental-property/

This is required…[Read more]

One of our members with vast experience in the world of Insurance shares his thoughts and warnings. Some of the comments that Brett shares will have you aghast (for mine, check out his point 11 – it had me scratching my head).

https://www.propertyinvesting.com/the-12-most-common-pitfalls-when-insuring-your-rental-property/

This is required…[Read more]

One of our readers with vast experience in the world of Insurance shares his thoughts and warnings. Some of the comments that Brett shares will have you aghast (for mine, check out his point 11 – it had me scratching my head).

https://www.propertyinvesting.com/the-12-most-common-pitfalls-when-insuring-your-rental-property/

This is required…[Read more]

Test

Hi Terry,
“Auto-correct” strikes again…..

1. Probably no cgt based on. Want u wrote.
2. Up to 6 years from date Friday rented

Translated, these should read:-
1. Probably no cgt based on what u wrote.
2. Up to 6 years from date first rented

Benny

Hi Manish,

I believe the answers are all good, based on your words. Since you haven’t moved into another PPOR (you are renting yourself, right?), this rented one IS your PPOR for up to 6 years after you left it.

So, this is what I believe – but do wait for an accredited adviser to confirm….
1. As it is your PPOR, and remains so unless…[Read more]

Hi Manish,

I believe the answers are all good, based on your words. Since you haven’t moved into another PPOR (you are renting yourself, right?), this rented one IS your PPOR for up to 6 years after you left it.

So, this is what I believe – but do wait for an accredited adviser to confirm….
1. As it is your PPOR, and remains so unless…[Read more]