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! 2 months 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).
Jamie Moore replied to the topic Wespac screwing over investors by jacking up rates 0.28% in the forum Finance 3 months, 1 week ago
I would sit tight for a month or two. The rest of the herd will follow soon and announce their increases. We’ll have a better idea of how all lenders are positioned in a month or two.
1. Probably for the first year – ask your accountant to confirm
2. Don’t cross collaterise the properties. Release equity against one to fund the deposit/costs on the other
If in doubt – get a decent finance person to sort it out for you.
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