Hi pvrpunnad,

With regards to Park Trent, I have heard lots about them, however since I don't have first hand experience with them (I have dealt with clients that have dealt with them, and I have known some of their staff, but current and former) I prefer not to comment.  However, I'm sure that many on here will be happy to do so. 

For the p…[Read more]

Hi pvrpunnad,With regards to Park Trent, I have heard lots about them, however since I don't have first hand experience with them (I have dealt with clients that have dealt with them, and I have known some of their staff, but current and former) I prefer not to comment.  However, I'm sure that many on here will be happy to do so.  For the p…[Read more]

Are you looking for any type of apartment in particular?  There are a few ways you can do this.Is it for an investment or PPOR?

alokahuja wrote:
anyone in Sydney Metro Area

I know a lot of people in the Sydney and Melbourne areas if you're interested.  I've worked with heaps of them over the years, but have really only paid attention to a few over the years that I feel comfortable with.

I always tell people that buying off the plan isn't that much different from buying new as far as value is concerned.  You want to look at the price as if you were buying it today, and compare it on that basis.  The fact that you may not have to pay for it for a while is just a bonus. eg:If similar properties are selling for $350k, you have to a…[Read more]

What and where is the project?  55+?  Nr the water or inland?

Hi Karen,Loved reading your post – well done, it's such a satisfying thing to see the end project.Bonus on not having a nervous breakdown while doing it all!  Hats off to you – it's a great job.Looking forward to hearing what you're doing next!

Hi Simon,I would recommend that you contact Just Rent Sydney – they look after me personally and I also send them quite a few clients.  Their website is http://www.justrentsydney.com.auI have no other association with them other than I think they're very good at what they do.Best of luck finding a tenant!

Hi there,You certainly have sufficient equity to go ahead with your plan, however a few important things to consider:If you borrow money for the purpose of buying your own home (PPOR) then the interest on that money which you have borrowed will not be deductible.  While this is not a good thing, there are ways to fix that.  Considering that you h…[Read more]

Hi  SydnerCider,I always tell people that it's best of to look at your broader situation and what you want to achieve, where you want to go etc rather than looking at a specific transaction.  If you sit down (either by yourself or with a professional) and map out as much as you can, the best way forward will actually become quite apparent.  Th…[Read more]

Hi Ash,It would be possible for your parents to buy the property in trust for you – they would have to trustees of the trust and go guarantors of the loan.  Effecitvely, they will be the ones responsible for the property and the loan – the trust structure just ensures that the benefits may be passed onto you rather than your parents.  There are m…[Read more]

I can recommend one to you – but would prefer if you PM me.Have a great day!

In my dealings with finance, if you salary sacrafice anything, it comes off your salary and the banks take that net amount for your servicability.  An alternative that I've seen is them adding it back in and treating it like a normal car loan – the reasons behind this is that if you either decide not to salary sacrafice or can't in the future,…[Read more]

The law is quite painful when it comes to paying for financial planning fees.  While the fee itself may not be deductible (the ATO counts some fees as capital in nature if they are going towards the setting up of your financial affairs rather than the ongoing management of them) the interest on funds borrowed to pay those costs should…[Read more]

It really comes down to the lifestyle that you want to live – where you're going to be working etc etc.  If you want to be close to certain things etc etc.  Post a little bit more about your expectations, that will help.

Hi Yiima,Given the current state of the finance market, you are not alone with your frustration and concerns.  If you were going to go to a different lender, the lead time would probably not see you settle on 26th June as lead times are a bit long with the banks.  Most finance companies are not ordering the valuation until an approval has come th…[Read more]

Where abouts are you?

I've sent people to a guy called Shukri Barbara in Chatswood.  He has a practice called Propery Tax Specialists.I know Ed, he's a very smart man, however you may only get to deal with the accountants in his firm rather than Ed himself.  If you have no luck there, PM me.Best of luck!

Hey there,I'm not a lawyer and I don't know the WA law particularly well, but I've had some experience in these matters.  When lodging any caveat, you need to have a good, provable reason for doing so.  Usually, it's to prepresent some sort of interest in a property whether it be equity or debt.  To quote "Where an improper Caveat is lodged, Se…[Read more]

Hi Nit,Personally, I like to use effective cash yield… ie:Net rent (=Total rent minus all cash costs (rates, strata, agent's fees etc))___________________________Property Purchase Price.Don't include any of the interest costs as yield is usually a measure of the income that an asset produces by itself.Nothing irritates me more than seeing…[Read more]