So the answer is he instantly knows the man behind him is going to kill him as he sees him in the wardrobe mirror with a weapon about to strike?

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]

An LOC is IO for as long as required.

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.

Matt,

Both are 100% lends…

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.

Not in this council they don’t. The council even told me that they don’t care what it is used for.

As it is for family use we are not too concerned.

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]

Update for anyone following this storyline.

Spoke to Chan just now (pretty nice fellow actually) and it seems that he visited the OSR and his wife called them and they both got the impression that they were inelegible.

Unfortunately neither his solicitor nor his lender advised him otherwise.

He is going to appeal his rejection.

Please keep us…[Read more]

CGT – close.

The profit made on the property after costs are deducted is halved then added to your taxable income.

This may well push you over the highest bracket.

An idea is to sell in a year that you have little or no income tax as assessed?

Cheers,

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

Comments may not be…[Read more]

Pisces,

That is our plan 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 consult a professional adviser.

Chan,

The answer is yes.

Call me and I will talk you through it.

Now get your application in!

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.

Heres an interesting thing. We just found out that our council does not consider Lofts to be habitable spaces – just storage room.

This means we are able to squeeze a third bedroom into a plan where the council would only allow a two bedroom home. A big bedroom too!

Cheers

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

Only after the settlement. If you wait three months plus then have it revalued you will be able to access it.

Be careful you choose the correct institution though.

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…[Read more]

Who wants me to abuse my moderator authority and delete this agonising post [}]

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.

You can claim the FHOG within the first 12 months.

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

Then follow the links to your state government requirements.

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]

You can sell a property for what you like.

I believe the stamp duty is supposed to be assessed at market value or sale price whichever is the higher.

This is also the case in a family transfer as you describe.

There may be differences in each state so I would recommend that you contact the Office of State revenue or your state’s…[Read more]

Originally posted by tonyy21692:
Andrew

If a buy and hold, sounds like initial repairs and therefore not deductible but added to costbase.

If you are going to renovate and sell its treated as a normal tax deduction.

Only after the sale I think Tony.

Cheers,

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

Comments may…[Read more]

Yes it’s a load of garbage.

Repairs are work carried out to bring the property to a similar standard as when you bought it.

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]

This doesn’t have to be hard if you arrange it right.

Agents can manage it for you. Problem is they just advertise in the paper or on the uni website and will take nearly anyone that applies as they just want to fill all their places during the peak demand in Feb.

I advertised within the medical student community (I can show people how to do…[Read more]

Chan,

You missed the 12 month period which you can apply in.

Apply now and it will be automatically rejected.

Then appeal that decision on the basis that you didn’t know your entitlement.

Maybe you can pretend you didn’t understand because of language problems?

Call me if I can explain it further.

Cheers,

Simon Macks
Mortgage…[Read more]

Chan$,

I just spoke to the OSR on your behalf (I hope you don’t mind).

They tell me that you are past the 12 month application period from when you bought the property.

I took it higher and we believe that the best strategy is to apply for the FHOG and you will get rejected.

Then appeal that rejection and put forward your case as to why you…[Read more]

Very useful site,

Thanks Georgisj

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.

It is worked on both the LVR and the loan size.

If you email me the figures I can give you indicative costs.

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.