Turismo,

The only benefit here will be the security of knowing what your loan will cost for 15 years. Some people like this stability in their lives.

The negatives are several.

Less flexibility.
Possibility of being locked into a higher rate for a long time, and if so the break costs could be very high if you decide to sell or refinance.

I…[Read more]

Well if you have enough equity to cover a 20% deposit and sufficient income then it will be easy.

Keep in mind that any money you draw from an IP loan for a PPOR will be non deductible debt.

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…[Read more]

Check out a removal house or a bugdet 3 + 1 brick home. Be careful not to overcapitalise on what is quite a cheap block.

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…[Read more]

If you have a stable employment history and have permanent employment then a move and a new job is not an issue.

Especially if the new job is in the same industry as the previous one.

Post or email the rest of your questions! Hopefully they are a bit harder than this one [biggrin]

Cheers,

Simon Macks
Mortgage…[Read more]

Mate, there are no absolutes. A good Ip is one that fits your strategy.

Those who rely on depreciation might find that this property will not give the tax benefits they need.

I could give you examples of 100 yr old properties that are great and brand new places that are dreadful investments!

Cheers,

Simon Macks
Mortgage…[Read more]

As it turned out Chan got his FHOG paid into his account.

I love a story with a happy ending!

[biggrin][biggrin][biggrin]

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…[Read more]

Well done Chan!

Make sure you buy that lovely wife of yours something really nice! [thumbsupanim]

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.

Nick Moustacas at Strategic Wealth is very good.

http://www.strategicwealthmanagement.com.au/

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.

Hey everyone makes mistakes. I know I have!

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 had a very lovely client recently send me a lottery ticket and a thank you card.

It made my day!

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.

PC = Political Correctness.

Sorry for my rant!

Happy Easter to everyone!

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.

Oh Acey,

This a little too PC for me. I lived in a Muslim country for three years and we all enjoyed celebrating every religous holiday from Hari Raya, to CNY, to Deepavali, Christmas and Easter. Everyone enjoyed the positives of each others cultures! I often thought us christians offered the least colour to the melting pot [suave2]

I think…[Read more]

Good advice. ANZ will allow you to add the LMI to the loan as well. So with $6000 a $120 000 purchase is possible. You will need to cover the purchase costs as well.

If buying a home then the FHOG will come in hadny for these.

Cheers,

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

Comments may not be relevant to…[Read more]

I was around doing something in the garden last week and dropped in some hot homemade hot cross buns.

Seemed well recieved!

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…[Read more]

Of course.

For the rope to be within 250 feet of the ground it must be hanging 500 ft down on each side. 500 x 2 = 1000 so that leaves no distance between posts.

Very simple. I was thinking I couldn’t be bothered with the geometry of it!

Cheers,

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

Comments may not be relevant…[Read more]

Call the planner at your council – it might be tough to get through.

Might be a waste of residential land even if approved. Why don’t you explore an industrial block?

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,…[Read more]

Tammy,

What are your goals?

If you want to build a portfolio of property then perhaps keeping it is a good start.

You should be able to get finance and keep it if that is what you are asking.

Cheers,

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

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

If this will be a permanent PPOR then pay cash for it.

If you will convert it to an IP and buy another PPOR then take an 80% lend on it and lodge the cash in offset.

This preserves the tax deductibility for the time it will be rented out.

Cheers,

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

Comments may not be relevant…[Read more]

I think you will be comitting fraud if you apply for it – you will need to make certain declarations which I think you cannot make truthfully. I don’t imagine that to be the way ahead.

Did she get the FHOG already?

Check out the links to your state administrators on my website and see what you think.

Cheers,

Simon Macks
Mortgage…[Read more]

I think this is a great concept.

I don’t know the answer. Please speak to an accountant and let us all know how it pans out!

Thanks mate,

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]