I think it is purely because there is a continual influx on new people here…looking to follow the same path others have trod before them.

I know I had all those questions once and I suspect maybe even you too all those years ago Phil…..

Would be good if people used the search function first when they have a routine sort of question.

Kind…[Read more]

What are the CG prospects?

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Just a quick note.

If you buy an IP and live in it you will forfeit the FHOG, unless of course you move into that IP within the first 12 months and occupy it for at least 6 months.

Regards,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

http://www.abio.org.au/ABIOWeb/abiowebsite.nsf

I suggest you get the ombudsman involved. Just having the take a interest can sometimes move mountains.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Start saving a deposit – aim for at least 5% plus costs.

In the meantime try to get familar with your chosen market so you will know a bargain when you see it.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Quite simple to buy in three names.

However, it might be best to seek legal and financial advice re agreements, protection and purchasing structure. It is a complicated area and there are several solutions including trusts, hybrid trusts and even unit trusts.

Cheers,

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

Todays…[Read more]

You would certainly need to do the figures and include all holding costs as Steph pointed out.

I would get an idea of end value from someone other than the vendors agent – they will possibly be quite optimistic on end value – esp given it will be 6-9 months down the track.

Consider holding it for 12 months to get the CGT discount. However…[Read more]

I do it.

Give me a call if you want to have a chat about it.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Another idea might be to approach some investment groups who market to their clients.

I imagine these would be easily rented and have great depreciation potential.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Hello Mike and welcome.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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 agree with Shawkes.

With 17K of consumer debt at 19 yrs of age you are way behind.

I think you can still buy a property and live in it. Then perhaps set a goal to buy another one a year later etc etc

First one is the hardest, it gets easier every time.

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

Todays Hot Rate
***3…[Read more]

http://www.baycorp.com.au

I think it is about $30.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Perhaps you could find a cashed up investor who can lend you the money for a share of the profit?

I can’t give any specific lending advice without more figures.

All the best,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Originally posted by Wake:
We have spoken to two brokers who have advised that we would be worse off by refinancing at this stage as quite a few of our loans are low IO ones. Quite a few will “mature” around the same period, so we have been advised that might be a better time to refinance.

Must be good brokers – unscrupulous ones would try to…[Read more]

Not a grey area at all.

Wasn’t a home therefore he needs to pay it back.

The good news is that he can use it again if he does buy a home.

Check your state’s legislation at:

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

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

Todays Hot Rate
***3 year fixed -…[Read more]

Marsden beat me to it.

I have seen them come up a treat with just a coat of paint!

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Get a depreciation report written up by a Quantity Surveyor.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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 generally more effective if you advertise the project rather than ask for help.

They generally want into a project – not a person.

All the best,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

How low?

I am still paying 5.89% for another two years.

Cheers,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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

Cremin,

I agree that this can be the case, which is why you need to find a good inspector and stick with him.

All the best,

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

Todays Hot Rate
***3 year fixed – 6.49%***

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