Isn’t that a stockmarket term where market makers collude to drive a share up?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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]

Yep.

Have added some more managed funds and am looking into a development.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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]

I think it just goes on looks. God knows how Dazzling slipped through.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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]

You will pay CGT on the time you rented the place out. If you move in for say, a year you will save CGT on that period.

I suggest you consider keeping it. Even if flat for 5 years you will have saved the cost of selling and also of buying another IP to replace it at that point. This is substantial.

If there is one regret I have with my IPs is…[Read more]

I am with Redwing there. Let me get Scott to answer this for you!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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…[Read more]

Professional Packages were designed for high income clients – today they can be enjoyed by anyone who applies for it.

Basically you get the Standard Variable loan with free offset and no fees at all. There are no application fees for the next IP and no fee to have it all revalued when you wish to buy again.

They offer a fee free credit card and…[Read more]

Some times we get into the habbit of letting our solicators guide us when in fact a cold bear and a t-bone steak may be the fix.

That would be a Polar Bear Phil?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

IO loan is my suggestion too.

Depending on your current lender I would be looking there for a Pro Package to start with.

I suggest you speak to a broker.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

We do it in a home we own and find that advertising on the uni accomodation website gets us tenants no problems.

It is more hands on that other IPs but I enjoy it and the kids I have a pretty fun people. I mow the lawns and pop in for a drink or toilet break every time – lets me have a good look around and I am always happy with things. Then…[Read more]

Contact depreciator who posts here.

He can help you out using photos etc if need be.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

There are commercial products out there for anything and all LVRs are covered. Some are cheaper than others [biggrin]

Have you spoken to a good commercial broker?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Why pay off any mortgage? Will decrease your cashflow.

Have a think about that for a bit and see what you think?

With IO on all loans you can probably get more property. Inflation will make the debt smaller each year anyway. If you do pay it down then do so in an offset account not straight off the Principal.

Discussion anyone?

Simon…[Read more]

Depends on the council and their LEP I believe. In my area it can be either depending on the block size. Torrens is preferable but you can do more with a smaller block if you choose the strata route.

Is anyone interested in following the figures on this sort of thing?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @…[Read more]

That is not a reason to sell. A good PM will look after nearly everything for you in your absence.

Some really really rough estimates are 5% growth and 5% yield pa. Of course this growth is averaged over a longer period and could even be as high as 10% if you hold it over a boom. Some folks count on doubling the value every 7-10 years which is…[Read more]

As far as ground floor goes I think the rule of thumb is:

If there is no lift then lower the better. If there are lifts then higher the better.

Obviously an outlook plus breezes will be more desireable.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228…[Read more]

You can claim deductions for the time it is available to rent.

You may be better to move into the property first so that it is established as your PPOR. You then have a 6 year period that you can rent it and be exempt CGT.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

Property may not be you best investment choice. A 2 year timeframe is short – perhaps too short to recoup buying and selling costs let alone a profit – esp in this stagnant market.

Why sell it when you go overseas? Why not hold it longer term?

If you do need to sell perhaps consider another asset class that is more liquid?

All the…[Read more]

Equity is built in two ways.

Firstly by growth in the intrinsic value of the asset due to inflation.

Secondly with your savings. And rather than putting it into PI loan I suggest keeping it in an offset account – this lets you use it as you wish and not compromise the deductibility of the loan.

I refer to sophisticated investors as those who…[Read more]

Will you get more rent for doing it?

If not I suggest you leave it until it is between tenants – will be easier to ask for more based on the spruce up esp whilst it still looks sparkly new!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

What the tenant says it true – it will cost you a weeks rent to get a new tenant and maybe more if they don’t take possession the next day.

Why don’t you split the diff and ask for $10? The tenant may be relieved it isn’t $20 and agree and save you the problem.

A good tenant is prob worth the extra $10 pw.

But what happens next year when you…[Read more]