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Hi Freckle
House is brock and tile, obviously insulated roof as we spoke about. We dont have concrete floors its all wood, house isnt perfectly orientated thats for sure… It would definately be the thermal mass of the bricks re-introducing the heat inside, but how do you prevent the bricks from heating up ? You cant cover the house in insulation. I dont have room on the hot side to plant trees for shade, that would be nice.
You only have to look on the news to see what a corrupt and unstable place it is.
I hope youve recovered ok.
Again why would you goto a place like that.
"THREE of Australia's big four banks have had their prized AA credit ratings downgraded by one notch because of their partial reliance on wholesale funding markets."
Sounds like another goos excuse to raise rates independantly of the RBA.
PS: Get a new accountant.
Either way claim it.
I fail to see the benefit in not claiming in the hope you might get more down the track IF you sell. Better the money in your pocket sooner than later.
Fair point, but i suppose its all about timing. Maybe next month fixed rates will be higher than variable because of anticipated rises.
thanks bm. Im going to attempt to neg. with CBA.
Jamie
Where are the details for 5.8% at ANZ?
You should speak to a planner though.
Open space can even be a pergola on the second story of a building
Plot ratio is the maximum foot print of the building.
So you have to fullfill both requirments. If you use the full 0.7 plot ratio you will need to make up a few hundres squares of open space elsewhere, for example a pergola on the second story.
This is my understanding.
I came across something similar. Two houses one title. Unfortunately it was going for a little too much than I could handle at the time, otherwise I would have bought. Cashflow was excellent.
Theres still plenty of work here in WA. Although it would be great if other states could contribute more, it might mean we get our fair share of the GST haha ,yer right.
PISTORE wrote:Personally I would not be looking at Perth. Not to say that it isn't a great place. There has been many great stories of growth, but it is a VERY long way from the rest of Australia. This does tend to mean price fluctuations, when they happen, can be extreme.
A forgotten city that would be better to consider would be Adelaide. VERY good value for money buying and VERY low price points. The medium value is very low compared to the rest of Australia and there is plenty going on in and around Adelaide to really push prices up.No Mr PISTORE, the rest of Australia is a VERY long way from Peth and WA, which is holding up the rest of Australia.
Id never goto Bali, so I wouldnt be there either.
Found this good informaiton online:
1. What name needs to go on the contract?
This seemingly simple question is probably the most important when utilising your super to purchase property. Unfortunately this is the area that property investors (and their advisers!) seem to get wrong.
The name on the contract for the purchase of a property when a SMSF loan is used needs to be the trustee of the custodian trust (holding trust / bare trust). The trustee should be a company, for example:
Smith Custodian Pty Ltd [A.C.N. 123 456 789]
Although individual trustees can be used, for example John Smith and Jane Smith, a separate company has the following advantages:
- The majority of banks and lenders who have SMSF loan products require a company as trustee of your custodian trust
- Property registered in the name of the company will be legally separate from those held in the personal names of the members of the SMSF
- A separate “two-dollar” trustee company adds another layer of legal protection (which is important as shown by this article)
- The same company can be used as trustee of multiple custodian trusts
The following names should NOT be put on the contract when your SMSF purchases property utilising borrowings:
- The name of the SMSF
- The trustee(s) of the SMSF
- The members of the SMSF
- Any of the above with “or nominee”*
*Although it may still be legally binding in some states where “or nominee” is used on a contract to purchase property, it is not in others (such as Queensland). In addition I have experienced the problems it can create when the banks legal department / solicitors review the documentation.
If you sign a purchase contract for a property with the intention of it being held by your SMSF using borrowings, and you don’t have the correct name on the contract, you will need to go back to the vendor and arrange for an entirely NEW CONTRACT to be completed with the correct name. This of course is not ideal and you may lose any leverage you have gained in the negotiation of the price and terms of the original contract.
http://www.buypropertywithsuper.net.au/2011/01/5-common-questions-about-buying-property-with-super/
I hate my insulation, I preferred it without. In summer wifey has the aircon on, then mid afternoon turns it off, the house heats up, and the only way to get the heat out of the house it to turn the aircon back on, whereas previously, it stayed cool because it was cooler outside.
What a nightmare.
oh yer, they were paying 220, put it up to 320.
If you happy for them to stay on, then its good, especially if your happy with the returns.
On one deal, I included a condition that the tenant accept a $100 rent increase. It worked.
Do you want the tenants to stay?
