[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

September 3, 2008 - 10:53 am

Really?! That's excellent
Maybe they were only saying that for "my protection". Thanks for that!

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

June 23, 2008 - 1:13 am

Thank you so much atevans
Yes, she had a residence elsewhere.

I hope this works out for us

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

June 23, 2008 - 12:32 am

SA's rules

Who is eligible to receive the Grant?

A first home buyer who fulfils the criteria below:

• An applicant for the grant must be at least 18 years of age.
• At least one of the applicants must be an Australian citizen or have permanent residency in Australia.  New Zealand citizens permanently residing in Australia, who hold Special Category Visas, may also apply. 
• For eligible transactions entered into between 1 July 2000 and 31 December 2004, an applicant or their spouse/domestic partner cannot have purchased a property and occupied that property.
• For eligible transactions entered into on or after 1 January 2005, an applicant or their spouse/domestic partner cannot have purchased a property and occupied that property for 6 months or more.
• For eligible transactions entered into between 1 July 2000 and 31 December 2004, applicants must occupy the home purchased or built as their principal place of residence within 12 months of the date of purchase or completion of construction.
• For eligible transactions entered into on or after 1 January 2005, applicants must occupy the home purchased or built, as their principal place of residence for a continuous period of at least 6 months commencing within 12 months after completion of the eligible transaction.
• Except in cases of legal disability applicants must be natural persons (that is, not a company).
• Everyone who on completion of the transaction will be an owner of the home is considered an applicant.

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

June 23, 2008 - 12:26 am

Re: Is each applicant and their spouse/domestic partner a person who has never occupied a residential property in which they held a relevant interest (other than the property to which this application relates), either jointly, separately or with some other person on or after 1 July 2000, in any State or territory of Australia?

The property which she is one of the owners is a holiday home and she has never been there for longer than a week at a time. Does this mean that the answer to this question would be yes or no? I'm so hopeless at understanding these things

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

June 23, 2008 - 12:23 am

I am in SA and I've just been looking at http://www.revenuesa.sa.gov.au/ checklist

Is each applicant and their spouse/domestic partner a person who has never owned a residential property jointly, separately or with some other person before 1/7/2000, in any State or Territory of Australia?

As my partner purchased her property with her parents in 2001, this means that the answer to this question is YES? I'm just confused why it makes a difference whether it's before or after 1/7/2000

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

June 23, 2008 - 12:19 am

Thank you all especially atevans

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

June 22, 2008 - 1:24 pm

The first property wasnt an investment. It was a holiday house. It was in three people's names and she was the only one whose first property that was. This is why she didnt get the frist home owner's grant
We are currently living together but not at the time she purchased the first property. We will be getting married soon…

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

April 22, 2008 - 11:09 pm

Qlds007 wrote:

Yes NSL and why would you bother when you can get 0.8% without really trying if the loan size is big enough.

I "only" need $350,000 but dont want to pay the annual professional package fee, application fee or monthly account keeping fees

Where do I get 0.8% from?

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

April 22, 2008 - 1:55 am

Just got off the fone with a lady from CBA she said 0.7 is the standard but to get 0.75 off they need to fill out a lot of paperwork and submit it to their head office bla bla bla

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

March 27, 2008 - 9:29 am

Terryw wrote:

To make it simple this is basically what you do.

You add up all expenses related to the property.
Then you add to this non-cash expenses (These are things you can claim without actually paying for them there and then – eg. travel, borrowing costs, depreciaton of fittings, deprecriation of building etc).

This gives you your total expenses.

Profit is income minus expenses. So your rental income – the above two lots of expenses.

If the figure is negative you can minus this from your yearly income and you will get a tax refund at the end of the year, or weekly if you fill in the variation forms with the ATO.

Sorry about going off topic but is it possible to fill in the variations form with the ATO by claiming the cost of other work related expenses?

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

March 27, 2008 - 9:19 am

xpine73 wrote:

I got 0.85% off the standard variable rate from Westpac today, with a $300k size Rocket Repay home Loan.

Did you have to pay for their

Establishment fee	$600
Annual service fee	$199 http://www.westpac.com.au/internet/publish.nsf/Content/PBHLPR+Rocket+Repay+Home+Loan

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

March 27, 2008 - 9:18 am

CBA offered to waive the account keeping and the application fees for our $350,000 loan. Is this good enough or should I try to get more out of them?

[not_so_luckyMember@not_so_luckyJoin Date: 2008Post Count: 121]

March 27, 2008 - 9:12 am

What's the biggest discount people have managed to get from CBA?