Hi and welcome aboard.

The state the property is in will determine whether duty will be triggered again.

In any case, this is a scenario that you'd want to discuss with your accountant – let them know of your intention to sell the property within the next few years as well.

Cheers

Jamie

King_Of_Ling wrote:
I'm in Bendigo Victoria, I did have a local looking after me but am open to suggestions.

King.

Try James from House of Wealth in Melbourne  http://houseofwealth.com.au/contact-us/

You won't have to commute if you'd prefer not to – I've had mutual clients set up online/skype meetings with…[Read more]

OK – definitely need to have your accountant crunch the numbers for you to work out your best option.

Where are you located? If you don't already have a good accountant, you might find some useful recommendations here.

Cheers

Jamie

Hiya

Is it a principle place of residence or an investment property?

If the latter – there may be CGT payable on the sale so you'll need to work out how that would effect you if sold this FY or the next. Best to sit down with your accountant to crunch the numbers.

Cheers

Jamie

LVR, serviceability, employment history, amount of debt, security type and credit file are all big ones.

Cheers

Jamie

Jay Sizzle wrote:

Scott No Mates wrote:
 (and use this as the max that the bank will approve)

I'm  sorry, I don't quite follow exactly what you are getting at – can you please clarify?

Great points everybody. Might just have to lay my cards on the table, hope that the vendor sees logic, and be prepared to walk away if he…[Read more]

Derek wrote:
Stop your complaining Jamie. We allowed you  the priviledge of looking after our politicians.

You win.

Haha – I forgot about that lot – and what a privilege it is. 

Cheers

Jamie

Yes – injecting into the PPOR split and re-borrowing as a separate split for IP purposes.

Cheers

Jamie

Hi Dean

That makes sense.

It would bolster your deductible debt whilst lowering your non-deductible.

My only comment is to ensure you retain some savings for emergency purposes – and it's usually best to store those savings in an offset linked to your PPOR loan.

Cheers

Jamie

I'd just make a final offer. If you're really interested in the property – give them your final price and tell them to not bother coming back to you if it's not accepted.

Cheers

Jamie

Hi Jay

Agree with Dark Knight – sounds like a difficult vendor and probably aren't overly motivated to sell.

Ask the agent how much it will sell for. They normally give you an idea.

If it's outside what you're willing to pay for it – move onto the next. Another deal will pop up – they always do.

Cheers

Jamie

How much would it cost to resurface throughout?

Would the value of the property increase by more than that amount? Will you receive more rent from it?

If the answer  is no – I wouldn't bother.

Cheers

Jamie

Matt39 wrote:

Jamie M wrote:
Duplicate thread – already responded in other thread.

Cheers

Jamie

Yeah mate just a bit of a technical area on my part haha

The LVR would be around 95%, just myself as the applicant

90% would be better – but 95% is still possible if everything else on the application is strong – such as servicing and…[Read more]

Your offer should be an exact figure – don't provide a range.

If you require conditions such as finance approval and building/pest inspection – make sure you mention them.

Don't sign anything until you've had your solicitor go over the contract and you're satisfied that your conditions have been met.

Cheers

Jamie

Duplicate thread – already responded in other thread.

Cheers

Jamie

Hi there

House of wealth have a good rep – not sure if their expertise spans international tax issues. 

Cheers

Jamie

Hi Matt

would need to assess your income/liability situation, tolerance to risk, future goals – the list goes on.

From an employment perspective though, if you've been in the same field for a couple of years than should be ok on that front. If there's a probationary period with the new job – it's still possible but options are…[Read more]

Hi Matt

A change of job in the same industry is ok. If LMI is required, it helps to have been working in the same field for a couple of years. 

I can't comment too much on your borrowing capacity without knowing the specifics of your situation.

Cheers

Jamie

Josh_P wrote:
Could you tell me  a specific lender which in your opinion would be a good one to start with. Also one which might be willing to work with someone who hasn't got a lot of capital behind him but has some good ideas

with the trusts I just thought that it offered more asset protection and tax benefits. The hard thing is working full…[Read more]

Once you hone in on an area – pop back on the forum and see if anyone can recommend BA there.

Cheers

Jamie