Hit up your current lender first and see if they can provide any further discount.
There’s some second/third tier lenders that are reasonably competitive but have terrible borrowing capacity calculators for investors – such as Suncorp, ING etc
Jamie Moore replied to the topic 23 yr old graduate need advices on personal finance in the forum Finance 3 weeks, 5 days ago
Not as easy as it once was in the post APRA world of investing :-(
Especially if on a low/average income.
Only you can make the decision regarding whether fixing is the best option for you or not.
If you’re planning on investing further- and if the property with the loan you’re considering fixing is involved in those plans….then it might be best to leave the loan as variable so you maintain a level of flexibility.
If it’s a set and…[Read more]
It’s impossible to answer without a crystal ball :-)
Melbourne has grown quite quickly of late. Canberra is also on the rise – probably not at quite the same pace as Melbourne.
Which one to invest in now is a difficult one to answer. Personally – because I have a good understanding of the market and access to trades for renovation work -…[Read more]
Melbourne is going nuts – it’s performed strongly of late.
Canberra is doing well too – but I suspect there’s still a bit of growth left in the current cycle.
It’s a tough question!
No probs :-)
1) You can claim the cost of stamp duty against your income. You can do this during the financial year that you make your purchase. So if you purchased a property this financial year and the duty was $20k – then you’d claim that $20k as a deduction when you do your 16/17 tax return. However – all investment properties in…[Read more]
No probs :-)
1) You can claim stamp the cost of stamp duty against your income. You can do this during the financial year that you make your purchase. So if you purchased a property this financial year and the duty was $20k – then you’d claim that $20k as a deduction when you do your 16/17 tax return. However – all investment…[Read more]
It’s a great place to invest.
Long term growth is generally quite consistent.
You can claim stamp duty in the first year of ownership – but the downside is that there’s land tax.
Yields are quite strong – especially if purchasing something around the $500k mark.
Avoid units/townhouses/apartments IMO and stick to detached houses. Preferably…[Read more]
Jamie Moore replied to the topic Please share experience landlord & building insurance in the forum Help Needed! 3 months, 3 weeks ago
Personally – I’d stick with the larger companies. I went with a cheaper/smaller one once and it was a massive hassle trying to make a claim (they persistently tried to avoid paying out when the evidence we had was quite strong).
- Load More