What does the act state?

I for one wouldn’t recommend anything less than the requirement of the FHOG.

If you check my website you will find links to each of the state authorities who administer the grant.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to…[Read more]

I can recomend Nick from Strategic Wealth Management as an accountant.

Google him for his website.

I don’t know any decent brokers….[biggrin]

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

I collect rent all year except for the summer break.

I will take half rent for anyone wishing to stay in town and also advertise empty rooms for short term rental.

I get about 75% of the normal rate over this period from mostly Asian studnets studying english.

Hope this helps

Simon Macks
Residential and Commercial Finance…[Read more]

Perhaps he wishes to onsell it with a simultaneous settlement?

Cheers,

Simon Macks
Residential and Commercial Finance Broker
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 professional adviser.

If you consolidate the debt you will tie up equity plus you may end up paying down that debt over 25 years and it will cost way more.

What do you wish to do. Buy another place or get rid of the debt.

Remember to always consider these questions after identifying your goal – then the answer is usually obvious.

Cheers,

Simon Macks
Residential…[Read more]

Originally posted by I think as a single woman I’d never be able to save up for a deposit on my first home. That’s another thing too, so few people are getting married these days. None of my friend have partners who want to get financially involved with them. The beginnings can be a real struggle when it’s just you.

-Melinda
[blush2]

I have…[Read more]

I think you will find most investors have been exposed to MLM either directly or thru friends and family.

Amway has done nothing to get themselves a bad name. It is the people in it that do so. Their sales tactics are often questionable. The pressure they place on their downline (who often join reluctantly) leads to many friendships being…[Read more]

Think about your longer term plans.

Consider your serviceability with both properties.

Have a think about your local market – will it make more sense to sell or hold.

Without knowing a whole lot more about you and your situation it is impossible to give advice.

Some people sell the existing home CGT free and move into the new one and establish…[Read more]

well it can look that way but a simple explanation will usually get you over any hurdles.

I would suggest you just apply one time – doing it more willonly complicate your CRA and your life [biggrin]

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

Aim to save at least a 5% deposit. with your track record of paying down debt you should be able to do this easily!!

Many people use http://www.ingdirect.com.au to save in but there are several other online accounts available too. The higher rate is handy but the real attraction is keeping the money seperate with no atm. A psychological barrier to…[Read more]

If the equity and income supports it – then no problems whatsoever!

Simon Macks
Residential and Commercial Finance Broker
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 professional adviser.

If Iw as a young guy with my health back I would do anything to get a job like that. I joined the Army in Perth at 17 and a couple of my mates went North to the minesites and rigs and earned a lot more and had a lot more time off than I did!

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228…[Read more]

There is a property cycle that is clearly evident.

Some buy and hold. Others try to read the cycle to maximise profit by selling high and buying low.

There are various strategies people use to make money.

Personally I plan to topup my loans during the highs and ride out the lows. But there is no right answer.

Cheers,

Simon Macks
Residential…[Read more]

A good broker will bring heaps of experience to the table for no additional cost.

Even if you end up with the same product you will have had their opinion to confirm your research. Surely this is worth a $0 fee?

Lastly, I am all for directing some of the banks profits to small businesses [biggrin]

What have you got to lose except for an hour…[Read more]

I like how you think…

Simon Macks
Residential and Commercial Finance Broker
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 professional adviser.

You know where the brother lives?

Knock on his door and let him know you are interested in selling for the right price.

Get yourself an independent valuation including an opinion of it’s worth for a development site.

Then sit back and see what happens.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Originally posted by Wylie:
I would suggest (very respectfully) to ditch the line of credit. We changed our LOC to a normal housing loan with redraw over a year ago and our housing loan is decreasing nicely.

We still can redraw if needed, but it is much easier to be disciplined when we have a monthly repayment and we only redraw when we…[Read more]

Industrial carpets are hard wearing and inexpensive and many are quite nice too.

Sisal looks great.

We hard dark blue carpet once and it really showed the lint and fluff etc – needed daily vacuuming!

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to…[Read more]

Well said Stu – it does sound like someone wishes to consider committing fraud against a lender…this is a criminal act.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@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]

The main attraction with smaller complexes to me is that there is not always several units on the market which seems to drive prices down or at least hold them down.

All year 11 economics of supply and demand when you look at it.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may…[Read more]