yabster71 wrote:
Vs – it usually means that they are proposing to change the zoning from the existing zoning of R20 to R30. That is, you are then able to potentially build more houses per hectare. Best way to find out is to check out the website for the local shire (think it may be in Shire of Gosnells?) to see their local planning drafts. To…[Read more]

Is there any reason why you wouldn't purchase it in a discretionary trust?

masky005 wrote:
As Jamie M said its up to youWe currently have our mortgage set up (PPOR) with a 100% offset interest only set up. We put all our funds into the offset and then build it up so we can avoid Mortgage insurance eg 20% deposit plus funds to cover purchasing/renovation costs. Then we take it out- usually just write a cheque and then…[Read more]

JacM wrote:
I'm going to throw my 10c worth in here.The thing that goes up in value is the land the dwelling sits on.  The building itself depreciates over time.  So personally I'd be looking to get a solid dwelling on the largest chunk of land that I could comfortably afford.  A friend of mine recently bought her first home… she started mu…[Read more]

Hans Bond wrote:
I would always go with positive gearing. Remember to invest means to gain something, there is no point in investing if you do not make money.

I disagree. Say you have three options:1. Invest in a CF+v property, and put a $100k deposit on a $300k regional property to return $80 per week in +ve cash flow with a healthy capital…[Read more]

I totally 100% disagree. My tenants pay me rent, which consists of actual money. Considering I need actual money to live- to pay bills, to buy food, and to pay mortgages, then this is a necessary relationship. And considering people need a roof over their head, then having a landlord is a necessary relationship.I don't get what you are trying to…[Read more]

You could use some of the equity you have in your investment property to pay the deposit on the new property. You have an LVR of less than 65%- you owe $270k and it is worth $425k. Is there any reason why your broker hasn't suggested this?Cheers,Luke

It depends what your tolerance to risk is. You dont have to have any insurance if you dont want to, except if you have borrowed the money and your bank needs it.

One way of doing it is to argue that the reason you are doing it is to be able to hold on to the properties, and not to save tax. It might be prudent to get a private ruling on it to be sure.Cheers,Luke

You would have to pass the Part IV assessment of the ATO anti-avoidence rules. If you were paying as much as you can into your PPOR and using redraw to pay for IP expenses then the tax deductability may be diallowed. It sounds like the same principle as capilising investment property interest while paying down a PPOR loan, which is generally not…[Read more]

Tim@Tick wrote:
ING can be a little anal at times. However on borrowings of $750k, the potential LMI savings for the customer might be  too significant to ignore.Tim could use his Offset account cash for a deposit (negotiate with real estate agent for <10% deposit), provide a Contract of Sale to ING and all would be good. Tim McGrathTick Mo…[Read more]

Thanks for the insight Jack. Did you read the ANZ property report as well? That is probably a little less biased/one sided.Cheers,Luke

Robbie P- I can not think of any case where a vendor would accept $150k when a bank values the place at $200k. Even if they are behind in the repayments, it would just be plain dumb.

Hi Ben- you should be able to get another 0.05% off at least.

Hi Ben,I think is impossible for anyone to tell you from the information you have given. If the fill is only shallow then it may not be a big deal, but if the fill is deep then you might have a problem. It also depends if it is engineered fill or has just been dumped there, and whether you need to do any excavation to build your townhouses. If the…[Read more]

woops sorry Terry, musn't have read it very well!!

Terryw wrote:

luke86 wrote:
2. You will calculate the CGT apportioning the period of time it was your PPOR. For example, if you kept the house for a further 10 years as an investment property after having it as your PPOR for 5 years, you will pay tax on 50% * 10/15 * the capital gain. The 50% is for the 50% CGT discount you get for holding t…[Read more]

I hear Greek bonds are a great buy- I read that they are returning 25% for a 5 year bond. What could possibly go wrong?!?!?!?

Hi,I will give my opinion on your questions, I am sure some other people will have different ideas:1. It is probably better to buy house number 2 in your personal names to keep the CGT exemption. However, if you expect a bigger capital gain over time with the first house, you may want to keep house number 1 as you PPOR for tax purposes (and use…[Read more]

I do not think there will be a change either, although a cut will be good for me personally!!!