You can't liase with a bank directly unless you can write 2 million dollars worth of loans a year. Usually you use an aggregator.Need a Mortgage Broking Cert 4 and a sponsor aggregator for 2 years.seehttps://www.propertyinvesting.com/forums/getting-technical/finance/4331028

http://www.metropm.com.au/I listened to Leah Calnan at the property investor meeting in MelbourneShe is the managing director of Metro.

Terryw wrote:
CGT is a commonwealth tax – same in every state. There is no rate, but the CG is worked out and added to your other income. So if you have no income it could be low (depending on how big the gain is).

No income first $6000 is tax free threshold if you are a resident tax…[Read more]

You must purchase shares that pay a dividend to be able to claim interest expenses as a tax deduction against income derived from the shares .

ASk if you can get a Line of Credit loan facility with the Lender rather than redraw but you may only get 80% LVR.if you refinance to 90% then 74k of loan is for private use as I am assuming you mean the IP you are thinking of buying has somehow become the new PPOR. You can't claim interest on the whole 342k as 268k will be investment and 74k will…[Read more]

will our property be classed as an investment property ? Are you referring to Capital gain tax exemption then read link below.http://www.ato.gov.au/individuals/content.asp?doc=/content/36887.htmlook for six year main residence clause.Also the money that we will get for our rental each week will be 200 bucks per week short .This depends on what the…[Read more]

Drill some holes in the next bin in the bottom to let water drain out of the bin.

Under $10000 loan – have a look at a new form of lending just reaching Australia known as p2p person to person lending.Was in February API Magazine.See http://www.igrin.com.au as an example.Or do a search on P2P lending

Also as soon as a Borrower looks like refinancing the original banks retention center will try to keep the business and should be more willing to be helpful.

When you ring an agent ask them the following"Do you have any other properties for sale that are similar to this property I am inquiring about?"

If you are referring to cert 4 in mortgage broking you might think about the fact that this industry will be more regulated and brokers will require cert 4 for mortgage broking in the future.

What about putting a transportable cabin in your back yard thus giving them a little bit of privacy and still having Grandparents close by.When you rent out the PPOR you can still have it deemed for 7 years as your PPOR as long as you do not claim another property as your PPOR for capital gains tax exemption.If you rent out your PPOR you have…[Read more]

did a bit of searching and found…[Read more]

I just thought of this !If you buy a property you will need to get the insulation job checked out in the roof !

Renting can have an advantage over a short time frame.If by renting you can rent out the new home and claim building depreciation on the construction costs it may be better.But over a long term time frame if you own your PPOR it can be a better choice as eventually you own the house after 12 to 25 years and capital gain is not taxed.Also you pay…[Read more]

colali wrote:
Hi Everyone! My partner and I are looking at purchasing our first property this year. We currently have only $13,000 saved (no debts), and are entitled to the $7,000 FHOG. But, my partner also owns a property (inherited) overseas that is worth around $140,000 (and is rented out for $180/week). We are thinking of using the equity…[Read more]

Go to Google and type in Town name and then follow it with the word demographicsThen click on searchorgoto http://www.abs.gov.auand in the google search of the abs type in the town name and search the abs

If you just purchased the property and the fences were in a state of disrepair then when you replaced the fence you actually improved the fence beyond what state you purchased the property at. Thus it will be classed as improvement as another crazy grey area of Tax Law. Ladybird is also correct in the entirety rule which is also another grey area…[Read more]

Not when you have a degree in Commerce with major in Financial Planning and you find entry into employment non-existant.I have had dealings about two years ago with the company link below but couldn't meet the sales volume they required for their previous mortgage development program.http://www.planaustralia.com.au/membership/JoinUs.asp 

Your broker sounds like he is trying to get the lowest interest rate ..He is cross co laterialising the properties but he is correct in the professional package in giving you a lower interest rate on large loans over 500k but failing in listening to what is really important to the customer. Sounds like the broker has the thinking only of a lower…[Read more]