I am reading a book called The Great Depression Ahead written by Harry S Dent jrThis is going to happen also due to demographics However this is an American book and it doesn't take into account immigration. As Australia has a larger percentage of immigration when you divide new immigrants / Total Population of the country.This is a protection…[Read more]

No qualification needed, Suggest you read a lot of books maybe check out Australian Property Investor magazine at newsagents each month. http://www.businessmall.com.au/property-investing.html

cana05 wrote:
Thanks everyone for your answers. I guess I will need to contact the tax man so he can resubmit the variation form. To duckster: If you increase the rent by $5 per week then you need to decrease your negative gearing loss by $5 * 52 minus real estate agent commission increase)A whole $260 a year.Does this mean we get $260 more per…[Read more]

HiI had a female friend who was in a slightly similair situation and she found a house that needed someone to house sit in, so she is paying rent but it is a lot lower rate than she might have had to pay and is sort of like a care taker for the…[Read more]

If you have a credit limit on any of your cards the mortgage lender will take this as an item to reduce how much you can borrow even if the credit card is empty of debt. You may wish to reduce the credit limits on both credit cards or on the one remaining credit card.The personal loan will be an item that also reduces how much you can borrow for a…[Read more]

Its a new type of back massager isn't it ?

It is a serviced apartment complex you book in for the night . It probably incurs high management fees for you the owner .see http://www.questknox.com.au/index.site.home.property.21.html

if you have a good deposit and a low LVR you can get a bad credit loan and when your credit rating improves you refinance to a cheaper interest rate loan.http://www.google.com.au/search?hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&hs=oSN&q=non+conforming+bad+credit+loan&btnG=Search&meta=cr%3DcountryAU&aq=f&oq=

Albert84 wrote:
About 2 months ago, and while living in my new PPOR, I withdrew the extra money I payed on the first house (~ 12k) with the intention of paying it off the PPOR mortgage. I have since realised the ATO doesn’t like this.Which brings me to my question/questions? What’s the penalty for drawing that money off the 1st home? Should I p…[Read more]

Getting someone else to do it http://www.mendabathroom.com.au/http://www.theresurfacingagency.com.au/http://www.servicecentral.com.au/jobs/job-details/Bath-tub-respray_j123110http://www.womow.com.au/biz/Thermo-Glaze-Bath-Resurfacing-Camberwell/Doing it…[Read more]

here are a few places to check outhttp://www.innerspace.com.au/http://www.whelanthewrecker.com.au/recycling.htmhttp://www.schots.com.au/http://fas.fowles.com.au/Floor/FloorHome.aspxhttp://www.nationaltiles.com.auhttp://www.swanstreet.com.au/

what you need to be mindful of is rising interest rates, as it is a big expense in buying an IP.So if Interest expenses go up you will find it hard to find a positive property.Income = rental income – interest – council rates – water rates – insurance – repairs + (tax return deduction for building depreciation)However you need to take also into…[Read more]

What you are missing is the collateralYou have one property secured as first mortgage and then you go to another bank for another loan then you are trying to use a property secured by another bank as collateral. (This is known as a second mortgage and banks do not like being second securer over assets.However If you went to bank one and said I…[Read more]

What happens if the rent is late ? See if you can set up an offset account against the loan and take expenses out of it and have rent paid into it.Or if you have a non tax deductible home loan link offset account to it so you can reduce non – tax  deductible interest costs via offset account.

You really need landlords insurance for the public liability cover in case tenant injures themselves in your house.Landlords insurance + additional contents…[Read more]

Put it in an offset account where balance comes of PPOR home loan interest calculation –  linked to your PPOR home loan !!Then later on if you need the $18k for something else like an investment purpose then it is on call to be used .

cana05 wrote:
HiThe real estate suggested to put the rent up and they think we can even get $360 per week. We only increased the rent once for $5 more per week because we liked the tenants.The problem is that I am not sure if we put the rent up how is this going to affect the tax now and what happens when the property becomes positively geared…[Read more]

Do a google search on certificate 4 mortgage brokingor on a cheaper…[Read more]

You have to have the collateral to be able to borrow the deposit for another property.Say you had a property worth say $400,000 but only had a loan of $100,000 against it then you could borrow a deposit for another property. In this case you decide to add the two properties values together and get a deposit bond for the deposit as together the two…[Read more]

It really depends on the time you have.If you are retiring tomorrow at 65 years of age you probably do not need a dream home but also I saw on ACA that a couple won Tattslotto and decided to demolish their house and build their dream home on the land.Only problem was after demolishing their house and starting the building their bank that held the…[Read more]