Thanks Steve, I thought it should be something like that, but it’s certainly not ovious in their info sheet. I had a loan with Tonto (via Qld State Home Loans) a while ago, and it had a $700 exit fee if I refinanced it within 3 years. I refinanced them after 3 years and one month, because I found them incredibly amateurish. Their internet access…[Read more]

Hi Neil,

Read the book. Do the sums. Steve’s 11 second gauge will show you it’s worth half the asking price if it’s cashflow you want.

Serviced appartments I understand have a low growth rate. So if it’s capital gains you’re after, be prepared to wait a bit longer than run-of-the-mill investments.

Neither scenario seems to fit. This leads me to…[Read more]

Azif was depressed with his living conditions. He took the mountain trek to visit the local guru. “I have 6 screaming kids, an unhappy wife, a shack measuring no more than 3 cubits and only one goat. The chickens have died and my calf was stolen. Guru, please advise me”.

Guru: Move your goat into the house for 2 weeks, then come back and talk…[Read more]

Hi Broons,

If there is a list of things I have learnt from my brother Bill, the following bits might help you to reach a proactive decision in negotiating. It worked for me.

1/ Make only one informed offer. If unaccepted, walk away. They will chase you when they realise you are serious. This places you in control and self qualifies you from…[Read more]

Hi Mike,

Anything but carpet.

Hard surfaces wear, look and feel better. Scatter rugs can be used by the tenant if they want.

I live in a complex of 12 townhouses. Had dinner with neighbours a few weeks back. Same house, their’s is the original carpet. Mine has large tiles and a floating timber section excepting the formal lounge and upstairs.…[Read more]

Dennis,

I’ll give you $7,500 for each of them !!

Phil

Hi Dingo,

Great question. You have me thinking. Circumstances aside, prior to buying my current PPOR I had considered this:

Buy a house and flat. Live in the flat, rent out the house, with gardening done by me. I’d want it done anyway, I could do it during the week to provide the tenant with quiet enjoyment rights on weekends.

This could apply…[Read more]

I went back…..and only got 31 [!] Then I did it again and got 31 again!! ITS RIGGED I TELLS YA!! LOL

~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ

lmao @ thanx for the compliment now get lost. Aussie I love ya attitude!! Str8 to the point..no messing around LOL

AS for other forums…..I have used a few. There will always be arguments coz people cant agree on everything. One forum Ive used for over 5 years is still going strong..and we have all had our tiffs…but essentially you get over…[Read more]

LOL I feel bad so Ill do a proper one [][]

34….Married…2 kids…too many animals.
Arty is my soul mate..he is the one that keeps me grounded and after 14 years….hey I still like him enough to let him stay!! LOL
The kids are 7 and 10…the youngest is like her father, quiet most of the time but dont get her angry!! Our eldest…shes me…a…[Read more]

ok…..I do NOT like the idea of this dutch auction idea….so I will do my best to avoid them!
Thanx for all your input….its good to know and hear how people find ways to realize their dreams []

~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ

LOL @ fatboy. Me thinks roses and chocolates may have gotten you a free hair cut….but then…..do u trust someone with sharp instruments to come near you if they are a tad annoyed with u? LOL

As for my hair…its cherry red not carrie red LOL

~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ

I got 33 first time around…so Ill be back after Ive practised….or gone insane. Whichever comes first. [8D]

Bill,

Bring On A Fist Fullofcoin !

Phil

wilandel thats good to hear!! (I dont have a nice word to say about RE Agents so its great to hear they exist LOL)

As I have learnt so much from this forum already, do u mind teaching me a new thing? What the heck is a dutch auction LOL?? I have never heard of this expression before!! [][]

http://www.homebuyerconnections.com.au

another useful link

Ouch! Terry I just read the product info sheet. They want a total of about 7.4% of the loan spread over the first 5 years as an establishment fee. $37,000 establishment fee for a $500k loan. It seems that any tax advantage would be negated by this fee, or do I have it wrong?
Jim.

quote:
why not draw to 100% value of your i.p., pay off your ppor and then the whole lot is deductable, without the worry if the f#*^?#@ a.t.o agrees or not.

I think you’re missing the whole point of a split loan, Investron. The purpose is to borrow for the bulk of both your PPoR and an IP at the same time, but fudging it so that you get a…[Read more]

Just to add my two cents worth, I am reasonably disappointed with the FHOG. Back many years ago, I purchased an investment property, paid all the appropriate taxes etc etc, and rented it out.
When it came to buying my first home two years ago, I wasn’t entitled to the FHOG, as I had already owned a house.
Where is the fairness in that? It’s…[Read more]

sooshie thanx (in advance).[]
I grew up on a farm..so Im used to weird and wonderful pets. We had a joey living with us for a year…..and a carpet snake for a few years. Over 40 horses..a sheep..a dog and a few cats…and a rabbit LOL