Hi CallumA,

Any answer to your question re “How much would the value drop?” would require a lot more knowledge about the initial block – size, value, location, size after subdivision, etc. Depending on comparables surrounding it, it could be that any value change might be minimal – or not.

However, assuming your borrowings from the lender…[Read more]

Hi CallumA,

I presume this was a typo – “I am not about to purchase an older home….”

… perhaps meant to be “I am NOW about to purchase….” ???

Any answer to your question re “How much would the value drop?” would require a lot more knowledge about the initial block – size, value, location, size after subdivision, etc. Depending on…[Read more]

Hi Storeybuilder,

I accidentally piled stacks of cash into my redraw as if it were an offset. This is normally a bad situation, but because I haven’t withdrawn any money from it, and I intend to use it for interest payments the cash will actually be able to be freed and eventually I will be clear of my mistake. This is one way to fix over p…

[Read more]

Hi John,
(and all others reading this into the future)

If I had ever listened to friends and family, I would have probably only paid off 60% of my mortgage in the last 15 yrs and I would be sweating worrying if my superannuation would cut it when I retire, instead I have no mortgage, ten investment properties (two within a SMSF) and no concerns…

[Read more]

Hi John,
(and all others reading this into the future)

If I had ever listened to friends and family, I would have probably only paid off 60% of my mortgage in the last 15 yrs and I would be sweating worrying if my superannuation would cut it when I retire, instead I have no mortgage, ten investment properties (two within a SMSF) and no concerns…

[Read more]

Hi BClarke,

This is useful from you, but it leads me to more questions (sorry):-

There are key points to this that in my opinion are non-negotiable items when it comes to landlord insurance, these include inclusion of Accidental Damage rather than just Malicious Damage, no excess on loss of rent claims (huge impact on claimable amounts), and a…

[Read more]

Hi Colin,

Its a legit strategy to reduce taxable income but a bit of cat and mouse as you are receiving a tax break in advance.

The Mortgage Interest has been paid in advance, so I don’t understand the reasoning behind your comment…. ?? Can you elucidate? Thanks,

Benny

Hi Colin,

Its a legit strategy to reduce taxable income but a bit of cat and mouse as you are receiving a tax break in advance.

The Mortgage Interest has been paid in advance, so I don’t understand the reason behind your comment…. ?? Can you elucidate? Thanks,

Benny

Hi Storeybuilder,

Fixed interest so easy to calculate. By easy I should say possible.

Don’t try to calculate it – call your Bank and ask when you are “closing in” on paying it out. I had only one that I wanted to pay out (others have gone full term, and saved me heaps) but my calculations were WAY UNDER the final Break Cost. It was a long…[Read more]

Hi RY&F (again…)
I had responded after a cursory glance with my post above. But, on then re-reading your original post, I wanted to help with a couple of extra thoughts:-

More info : will 3 properties be enough when I get a family , children etc , probably not and thats when ill look to having 4 to 5 propertys outright

Good comment, and it…[Read more]

Hi RY&F,
Good on you for asking such a good question. As several have said, education is the key. See, whether you use a BA or not, a MB or not, buy in Bne, Syd, Mel, or country Aus (or not) are all just tiny parts of one huge subject.

I would love to know how to get them myself but I’m not too confident with that at this stage – I’ll get…

[Read more]

Hi B Clarke,
Thanks for your comments

I have written numerous times on this subject, malicious damage is a very specific term. So in my opinion you may have been lucky to even get the $10,000. What this does though is to highlight once again the need to be really careful about what’s included in policies.

That is scary – to think that if n…[Read more]

his stove has been blocked due to food and he has tried to open it to fix it.

Jerry is right – how did this happen, whatever it is? If he is the one using the stove, and food is blocking something, guess who might have made that happen?

Has he sent you pictures? How has he been using the stove?

Let me tell you of a young man who shared…[Read more]

Hi Yellina,

Can landlord refuse a new stove.

Yes, if the old stove was working and is not now, then replacement with another old (working) stove would be sufficient. The replacement wouldn’t have to be “new”.

But wait – have you had a repairman take a look? From your words, I could not understand just what might be “blocked and can’t open…[Read more]

Hi Yellina,

Can landlord refuse a new stove.

Yes, if the old stove was working and is not now, then replacement with another old (working) stove would be sufficient. The replacement wouldn’t have to be “new”.

But wait – have you had a repairman take a look? From your words, I could not understand just what might be “blocked and can’t open…[Read more]

Hi all,
As I don’t know/use QBE, others will need to answer this…

What I wondered is if perhaps cheaper offerings are cheaper for a reason? e.g. a Bank can offer a Basic Loan, or a Standard Loan. The Basic one is cheaper, but it offers far less options – it really is Basic, but enough for many people in most situations.

And then,…[Read more]

Yes, Colin,

Winston Churchill was one who came up with inspiring broadcasts (his Battle of Britain dissertation lives in my memory, even though I wasn’t alive when he made the broadcast).

He also had a sense of humour and an understanding that shone through in some of these sayings:-

• A lie gets halfway around the world before the truth h…[Read more]

One quote I have loved for many years, courtesy of Richard Bach (renowned author):-

Your conscience is the measure of the honesty of your selfishness. Listen to it carefully

I found this quote always gives me an “Aha!” moment – it seems almost evergreen, as though I should ponder it daily…. See, I do believe we need to be “self-ish”…[Read more]

One quote I have loved for many years, courtesy of Richard Bach (renowned author):-

Your conscience is the measure of the honesty of your selfishness. Listen to it carefully

I found this quote always gives me an “Aha!” moment – it seems almost evergreen, as though I should ponder it daily…. See, I do believe we need to be “self-ish” (i.e.…[Read more]

One quote I have loved for mmany years, courtesy of Richard Bach (renowned author):-

Your conscience is the measure of the honesty of your selfishness. Listen to it carefully

I found this quote always gives me an “Aha!” moment – it seems almost evergreen, as though I should ponder it daily…. See, I do believe we need to be “self-ish” (i.e.…[Read more]