If all the people on the title qualify then the FHOG is available for one of you, if you reside in the property. The rest will then forfeit their entitlement if they occupy the home. If anyone on title has ownbed a property then none of you will get it.

This is quite complex. Best to get legal advice.

Cheers,

Simon Macks
Mortgage…[Read more]

I didn’t go to university. But now that my wife is going to university and I am hanging out with the uni crowd and also dropping her in each morning I have one very very good reason why you should go and also why I wish to hell I had of gone when I was 18.

University is full of beautiful smart girls…

Simon Macks
Mortgage…[Read more]

Actually I just realised that he got a refund as he sold up. It is theoretically possible to do so on a reval but not quite as straightforward.

Cheers,

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

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

Pisces,

I had a client who very recently got a refund. It is quite possible depending on how much time has elapsed. Banks will go slow and individual staff members might not even know it is possible – mentioning the ombudsman seems to help sometimes.

Cheers,

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

Comments may…[Read more]

It certainly is possible depending on the time frame. You need to contact your broker or banker and get the ball rolling ASAP.

Cheers,

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

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

Kay,

That is called dollar cost averaging I believe!

Cheers,

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

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

I was never an advocate of fixed rates until last year when we all saw the only way ahead was up – I fixed my loan at 5.89% for three years and am happy to have done so. I don’t know that I would be fixing the same loan at todays rates tho.

Cheers,

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

Comments may not be…[Read more]

Pisces,

I have heard of people being paid under these circumstances – though not lately.

Cheers,

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

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

Fluffy,

Thats an offer you can’t refuse!

Cheers,

Originally posted by depreciator:
Kavan,

Quantity Surveyors do a range of work – cost plans/estimates, builder bill of quantities, and tax work.

Not all QSs do tax work – too many rule changes.

Some do tax work and nothing else.

Fluffy,

There is a chance it will not be worth getting a…[Read more]

Good explanation.

All of the banks should actually pay you out if you break a low rate!

Cheers,

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

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

Gatsby,

You are correct, but, the issue here is timing. Be aware that painting in the first year is seen as a capital improvement. The issue is bringing the property nback to the standard it was when first leased. Paint takes more than a year to deteriorate.

Please check it out with the ATO.

Cheers,

Simon Macks
Mortgage…[Read more]

The QS will prepare a depreciation schedule. People in newer properties get some significant non cash tax deductions from these schedules.

Cheers,

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

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

Wilandel,

People fix for peace of mind. only you can work out if it is worth the risk of paying more in the long run. Remember the banks set the rate to be profitable according to their forecasts, whilst remaining competitive.

Cheers,

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

Comments may not be relevant to…[Read more]

Congratulations…be no stopping you now!

Cheers,

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

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

I wouldn’t have any idea. Mine is a house so it will be equivalent to the market.

I imagine a purpose built unit could be residential flats in which it would be similar to the mainstream residential market or a full on commercial motel type setup in which case it will be tied to return and the market in the same manner as commercial…[Read more]

I have a student rental property and am quite happy with it so far.

As to how to answer your question – I don’t know where to start.

Please post some specific questions or email them to me and I will see what I can do.

Feel free to give me a call if you want to have a chat.

Cheers,

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

NODOCS are great but the LVR is lower – typically 65%.

Cheers,

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

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

6 months starting within the first 12 months.

Is a little different in each state. Check yours by following the links at:

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

Cheers,

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

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

I have added in my guesses!

Originally posted by melbear:
Tell me which movie these lines are from:

1 Houston, we have a problem… Appollo 13
2 I see dead people… 6th sense
3 Hasta la vista, baby! terminator
4 You talkin’ to me? You talkin’ to me? You talkin’ to me? Taxi Driver?
5 You make me want to be a better man. as good as it get…[Read more]

If you use a QS who guarantees double the tax refund or a free report then what can you lose?

Cheers,

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

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