PropertyInvesting.com | chanakya | Activity https://www.propertyinvesting.com/members/chanakya/activity/ Activity feed for chanakya. Fri, 17 Apr 2026 18:03:38 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 69f1ccfb13c3b67deabae7b251c1fa50 chanakya replied to the topic Mortgage free investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4409263-mortgage-free-investment-property/#post-4690261 Fri, 03 May 2013 09:40:54 +0000 I am not a master in these but I found this link which might bring some clarity of what can be done in NSW. There is no indication that property cannot be IP..
http://www.osr.nsw.gov.au/about/services/osrassist/marriage/transfer/liable/

]]> 0068134d87a4c47d101d93b1f8d03cf7 chanakya replied to the topic +ve income flow in the forum Help Needed! https://www.propertyinvesting.com/topic/4409243-ve-income-flow/#post-4690182 Sun, 28 Apr 2013 22:41:25 +0000 As I have written in my previous post it didnt work out for me and my bank misguided me I thnk.

]]> 68da31b68f71f9a970f0260d8e3f84e9 chanakya replied to the topic +ve income flow in the forum Help Needed! https://www.propertyinvesting.com/topic/4409243-ve-income-flow/#post-4690181 Sun, 28 Apr 2013 22:39:19 +0000 Hi Qlds007,

I have an off set account which I was using but my interst never came down. When I enquired my finacial institution they said interest only gets reduced if i start paying the principal. As you may have already worked out my knowledge about these were pretty basic and it was very hard to understand this twisted concept.

So this offset…[Read more]

]]> 59347972fb645920bccbd539a002df58 chanakya replied to the topic Land for investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4409241-land-for-investment/#post-4690174 Sun, 28 Apr 2013 22:29:51 +0000 Hi Shahin,

Yes

]]> 94bb9fe55e7ab3627512cd48c4e3228a chanakya replied to the topic Am i too old... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408062-am-i-too-old/page/2/#post-4680736 Tue, 13 Nov 2012 09:24:37 +0000 Thanks god people in this forum are assuring 39 is not too old. I am in the same boat as ford fairline and need to make my first move. 
Thisngs are not that clear but this forum is a great source..

]]> 0e41a1e79c5c04ab09ec4689500457e6 chanakya replied to the topic Newbie advice needed in the forum got it thanks. https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/page/2/#post-4679725 Fri, 26 Oct 2012 23:50:12 +0000 got it thanks.

]]> 16af0eb75d0d43440d6f1fb9f1a0730a chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/page/2/#post-4679722 Fri, 26 Oct 2012 03:25:24 +0000 Thanks Guys,

Great, though do not understand every bit of it atleast would be able to ask right questions now. Jamie and Nathan is there something on the web that explains my situation in simple language? can you please guide me to that, if possible. 

]]> 26ed046fd93f3f14badaec81d4151c9b chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/page/2/#post-4679721 Fri, 26 Oct 2012 03:14:24 +0000 Hi Qlds007,

If my spouse not working. Can she get a loan? Can I be guarantor for her loan? 

]]> 3d6538bef86ea8b83aeeaad6be2c23dd chanakya replied to the topic state on investments in the forum Help Needed! https://www.propertyinvesting.com/topic/4407956-state-on-investments/#post-4679834 Fri, 26 Oct 2012 03:07:51 +0000 Thanks Derek.

]]> 24f119fdd850e86bd2f0302c4bf8ee52 chanakya replied to the topic Interest Only loan for PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4407955-interest-only-loan-for-ppor/#post-4679825 Thu, 25 Oct 2012 10:18:54 +0000 Hi Jamie,

Thanks

]]> 76e691d2ef56503a0fae30e9b2885492 chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679718 Thu, 25 Oct 2012 10:08:26 +0000 I got that. but why?

]]> 1cd477120f128d0b4785ca8818f63bcb chanakya replied to the topic Newbie advice needed in the forum Hi all, https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679716 Thu, 25 Oct 2012 09:26:19 +0000 Hi all,

I was explaining my wife or tried to explain my wife as to what I have written in my post previously money withdrawn from a PPOR cannot be used to buy a IP and claim tax on it.

From what I understand on a $250K loan if I have paid $200K up front which would reduce the interest on my loan considerably. If I withdraw that $200K and invest…[Read more]

]]> e79f754c65575ed3adfc3a53283b4a10 chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679713 Tue, 23 Oct 2012 10:03:06 +0000 Hi Qlds007,

yes, I solely own this property, what purpose does spousal transfer serve?

Thanks,
cha

]]> 32420cda4912ff6d0998de19e760d7e6 chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679712 Tue, 23 Oct 2012 09:57:02 +0000 Thanks a lot Nathan.

I have learnt a lot in a day about IP.

As you have suggested, If a buy a new house to and make it my primart residence do you still see Interest only loan is suitable? I though Interest only loan is suitable for IP.

I will definetly do more homework and speak to a mortgage agent.

Thanks
cha

]]> 97c9516abd9e1bbd38e8f8e7bcdd663e chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679709 Tue, 23 Oct 2012 04:25:12 +0000 Nathan,
You might start hating to reply to my queries, I am sorry mate!

Basically redrawing money is considered new borrowings. It is irrelevant where it comes from.. if you use these newly borrowed funds for anything of personal use (PPOR, Car, holiday  etc.) than you would not be able to claim the tax benefits.

I with drew money for personal…[Read more]

]]> dd45e88b60853ddcf0125ddf3b7892b3 chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679707 Tue, 23 Oct 2012 03:36:55 +0000 God this confusing!

I was under the impression that I can use this money as a deposit. OK now what If I use $200K for my personal use like buying car or holiday. Can I then claim $269K as -ve gearing?

Ta 
Cha

]]> fe77e53c33999544c2388ac4d8a81763 chanakya replied to the topic Newbie advice needed in the forum Josh, https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679703 Tue, 23 Oct 2012 02:38:08 +0000 Josh,

I was under the impression that the appreciation of property have 7-8 year cycle. Which hasn't really taken place in my situation. But the option of making my existing unit a IP was based on the charges that I incur If I purchase a new IP. like solicitor fees, stamp duty etc..

Thanks cha

]]> 3b404441780310bc7eacb82ee2fbc574 chanakya replied to the topic Newbie advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4407937-newbie-advice-needed/#post-4679702 Tue, 23 Oct 2012 02:32:10 +0000 Hi Nathan,

What is PPOR?

As I said my present unit is not investment. I live in that unit, If I have paid off $200K, I do have right to withdraw that money and use it as an deposit to another property? Am I right in saying that? 

My unit will be turned into Investment property owing $260K wahich i can claim -ve gearing. 

Thanks
cha

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