The danger with electrocution is that the Alternating current causes muscles to contract and a person may not be able to let go of the wire. If you have your other arm earthed the current will go across the heart and stop the heart. Wearing safety shoes provides insulation from the ground and reduces the current flowing from the arm to ground if…[Read more]

CGT is worked out from the date you entered the buy contract rather than from the date of settlement and from the date you entered into a sell contract.

If a loan is for investment purposes it will not be covered under the UCCC regulation if it is for residential purposes it is covered.

djac just do a http://www.google.com.au with Australia ticked and put    –   low doc loans  or no doc loans into the search box  and  you will  find  the  information you seek.

I live in a house I do not own and I just had ducted evaporative cooling installed by the owner and it works really well except if very humid conditions. I originally asked for some outside blinds over the windows to cut the heat but the owner put in the cooler.Find out what rooms he wants cool it may be just the bedrooms and an inverter air…[Read more]

see if you can get a line of credit set up on PPOR so that you can separate PPOR loan in australia from your investment purposes otherwise it will be difficult to separate interest on investment and interest on PPOR. Ask the bank

Have you thought of using a deposit bond just a financial instrument you might want to consider or know about.Sometimes you have the equity in another property but no cash You could see if the real estate agent will accept a deposit bondask banks if they issue…[Read more]

You need to work out a budget and see how much spare cash you have after paying all your living expenses. Then you need to ask the bank or mortgage broker how much can we borrow like a pre approval . If you go for investment you need to look at an area where you think you can afford and find similiar properties to get an idea what the rent will…[Read more]

The areas worst hit are the new development areas where every one in the street has a new mortgage like Melton, Berwick, Caroline Springs. Imagine the effect on the property value if a lot of houses go up for repossession sale in the one area.The article also mentioned the banks were trying to get their money before the value of the houses drop.…[Read more]

Blogs,You have done really well but remember that a 400% gain comes with an increased risk. Diversifying your stock market investment rather than having 50k in one high risk speculative share would lower the risk. What you have to keep in your mind is how would you cope if 50k became 5k like one of my shares MFS did – hence I do not own it…[Read more]

Take a look athttp://www.ato.gov.au/individuals/content.asp?doc=/content/36902.htm&pc=001/002/026/017/004&mnu=1051&mfp=001/002&st=&cy=1

If you buy an investment property you do not live in it and it can be in an area where you can afford the loan repayments. You will have to weigh it up with losing the first home owners grant.Baby steps are better than having a huge mortgage that you struggle to repay and that greatly leaves you at the mercy of interest rate increases. Once you…[Read more]

How many banks did you apply for the loan with ?Banks differ in their calculations of serviceabilityAlso find the loan amount you can service from the lenders because you may be able to take out a small loan from another source(family, friend, ect)   to make up the short fall.

You need to seek professional advice from a licensed financial planner as there is more to consider than just income insurance.I cannot specify the other forms of personal financial insurance you may need as this would be considered as giving financial advice.

Rather than looking at timing of fixing your interest rate you need to look at fixing your costs of interest for a certain time period up to 5 years. No one has a crystal ball on what interest rates will be. You may want to have a split loan on the PPOR . So you can have the option of being able to pay off say for an example 30% (variable) of your…[Read more]

Consider how much can you afford to fork out each week in interest, council rates, water rates, insurance minus the rent income. Use a guess of what similar properties in http://www.realestate.com.au receive in rent and work out an interest rate of about 12% for a safety margin due to the trend of rising interest rates. Also you might want to consider…[Read more]

I think new home buyers are going to be creamed when they pay top dollar and borrow large sums of money. This will be because they have no equity and are sensitive to interest rate rises. As all the buyers in the new housing estate are in the same financial position the prices will fall in the new housing estates and they will end up owing money…[Read more]

You can never neglect safety from un-planned explosions from leaking gas, car crashes, acts of war or terrorism.

Have you looked at Stratco. Check their web site . http://www.stratco.com.au/Do not know how good their pricing is as I haven't used them for a carport but for shelving. They are in Queensland .

These places may be able to provide a bungalowGeelong (Fagg's Mitre 10) 1-13 Barwon Terrace (cnr Moorabool Street) Geelong VIC 3220 Phone: (03) 5221 2899…[Read more]