Hey Zen

Definitely sounds like a second opinion is worthwhile – and you can’t go wrong with Corey above.

Cheers

Jamie

Property Zest are also quite good – I’m not sure if Karen services Logan but worth checking out.

Cheers

Jamie

Not as easy as it once was in the post APRA world of investing :-(

Especially if on a low/average income.

Cheers

Jamie

Ok

Hi Simon

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]

Hi Case07

Best bet is to get Richard to sort it out for you – he does this stuff everyday of the week and has already provided some excellent input.

Cheers

Jamie

Hey Matt

Have a chat with a broker that specialises in investment property financing – you might get a better result.

Cheers

Jamie

Hiya

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!

Cheers

Jamie

Hi Peter

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]

Hi Peter

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]

It’s unacceptable.

If one of my clients wants to fix a rate – it’s a priority. We work to get it done as quickly as possible in order to avoid potential increases.

Cheers

Jamie

Hiya – it’s normal process.

Cheers

Jamie

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).

Cheers

Jamie

Bingo.

Corey’s on the money. Why not hit him up to get this sorted?

Cheers

Jamie

Hiya

Does it have to be a local accountant?

Everything’s done via email/phone these days (my accountant is 2,000 kms away).

Cheers

Jamie

Yep – it’s only going to get harder :-(

Cheers

Jamie

Get a second opinion.

Especially if you focused the bank directly.

Plenty of decent finance guys/girls around here that would be willing to assist.

Cheers

Jamie

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.

Cheers

Jamie