With all due respect that legislation was changed some time ago and your broker should know that.

It is easy. Don’t live in the property and it will be an IP. FHOG will still be available for your home.

Check it out for yourself by following the links in my earlier post.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228…[Read more]

My interpretation is that if you are buying a home and reside in it then you are entitled.

However I would recommend you contact your state’s administrator of the legislation and ask the question. Links to each state are on my website:

http://www.mortgagehunter.com.au/first-home-owner-grant.html

If you don’t reside in the property and don’t…[Read more]

A Financial Planner helps you arrange your investing affairs to achieve your goals. Typically they recomend managed funds and the like. Rarely do they recommend property – their comission structure isn’t set up to be paid this way. Some in the past recommended tax effective agricultural projects such as Tea Tree Plantations, Olive Groves and…[Read more]

NODOC refers to no income or employment questions – not even to quote an earnings figure.

Yes it is available for country residential properties.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making…[Read more]

Drop me an email and I will send you some stuff about a group I am aware of.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

Don’t listen to the people at work.

I think they are thinking of second hand car dealers [biggrin]

Your CGT will increase and yo need to understand what that means.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances.…[Read more]

Well July was good but has dropped off since.

I hear that many people in the larger cities are buying new cars etc with their property windfalls.

Not what I would recommend – car is worth 20% less as soon as it leaves the car yard then you pay it off over 30 years….. Hardly seems prudent to me! I drive a 10 yr old commodore…[Read more]

That looks really good Celivia! I was interested in polished concrete floors with heating installed for when we build our dream home!

Will explore this stuff a bit more.

Thanks for the link mate.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to…[Read more]

Sharyn,

Thats a terrific post – well done.

Some food for thought for those considering buying sight unseen I think.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making any investment,…[Read more]

The URL is http://www.loanalert.com.au

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Wanting more,

I think he meant white appliances like ovens, dishwashers etc….

Like you I wouldn’t dream of using anything other than stainless steel for the sink!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances.…[Read more]

These sorts of decisions really need to be made for yourselves. As a broker I find this sort of questions weighs heavily on my mind and is one that you really shoudn’t ask someone to make for you – if they easily advise you then perhaps they are a little flippant and not to be trusted with your livelihood?

A NODOC would be the best – this would…[Read more]

Well done Sarah,

Might I suggest you do some searching and reading of the previous posts. That may answer many of your queries.

There are some advantages to establishing a property as a home…CGT is the one you avoid if you rent for less than 6 years- you will still pay income tax on any profit you might make.

There is some FHOG info on my…[Read more]

Tinkerbell it isn’t as simple as that. The great unknown is growth.

By all means buy pos cashflow properties, I am really reluctant (as I think any responsible forum member would be) to advise you on whether to sell a major asset that has greatly added to your overall position in the last few years.

I gave you some things to consider – end of…[Read more]

Whatever his decision you need to factor in the selling costs. I imagine these will be about10K for a sale plus any CGT he might owe.

You also need to factor in the buying costs of the first property he buys to replace it….Stamp Duty is quite expensive…

This may well put a different light on the figures.

All the best with your…[Read more]

When we lived overseas I built my mum a new garden shed – stored our stuff and it was win win all around.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

I would probably make finance enquiries at the very start so you know what ballpark your price can be in.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Free

Is that OK?

Have a great weekend!

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Allan,

Is only a 6 month residential requirement. This must start within the first 12 months.

Also the vendor duty shouldn’t affect you as it only kicks in when you sell your IP.

Cheers mate,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions asked!

Comments may not be relevant to…[Read more]

I suggest you spend your time deciding what you want and loking at places.

Speak to a mortgage broker. We can advise you how much you can borrow and when the time comes advise you on the nbest deal for yur situation.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

NODOC Loan – 65% Loan – No questions…[Read more]