Do any banks have default clauses requiring you to pay back money if you dont have a job even if you are meeting interest payments? Or for resi loans once the moneys lent as long as interest it paid its all fine?

I know commercial loans have quarterly interest coverage covenants etc just want to make sure same doesnt apply to resi loans

International buyers can avoid the 7% additional stamp duty in victoria if they own less then 50< interest in the property

If I buy a house with my overseas wife where I own 60% and she owns 40% will we be exempt from the higher 7% duty in victoria?

“Had Bic moved back in before 01 Jan 2010 and then later moved out again, he would not have paid any CGT tax. He didn’t do this because he didn’t want the hassle of having to move.”

Say Bic moved back in before 1 Jan 2010 then moved back out again on 1 Jan 2012 is he CGT exempt?

Wouldn’t he have to pay tax on 2/8th of the gain?

I thought you…[Read more]

“Had Bic moved back in before 01 Jan 2010 and then later moved out again, he would not have paid any CGT tax. He didn’t do this because he didn’t want the hassle of having to move.”

Say he moved back in on 1 Jan 2010 then moved back out again and sold it in year 2.

Wouldnt he have to pay taxon 2/8th of the gain?

I thought you only get 6 yea…[Read more]

“Had Bic moved back in before 01 Jan 2010 and then later moved out again, he would not have paid any CGT tax. He didn’t do this because he didn’t want the hassle of having to move.”

Say he moved back in on 1 Jan 2010 then moved back out again and sold it in year 2.

Wouldnt he have to pay taxon 2/8th of the gain?

I thought you only get 6 yea…[Read more]

Hi Tendai,

Are you also looking for someone to fund the land or just the build costs?

What will they be tracking though? As I can’t see where I would be in breach of the standard loan terms. I just read the standard terms and conditions and I can’t seem to find anywhere that states consent to rent is required for a home loan. Maybe they have overlooked this as the terms and conditions were set before the differential in rates were…[Read more]

What will the be tracking though? I just read the standard terms and conditions and I can’t seem to find anywhere that states consent to rent is required for a home loan. Maybe they have overlooked this as the terms and conditions were set before the differential in rates were set for investment and home loan products.

I am based in the uk and can get debt as im working there and it is very easy to find cash flow positive deals

However, buy to let loans are generally at 50% lvr

Given the exchange rate difference I am keen to purchase another couple of investments as I think the time is right.

Anyone keen to go on a jv basis with me and build up a…[Read more]

Hi, is this still available?

Can you pm me to discuss?

I can’t seem to find any wording in the common NAB home loan terms and conditions that outline a home loan products prohibits the temporary leasing of the property or any requirement that it has to be converted to an investment product.

Out of interest, what is stopping all new applications applying for a home loan and then renting flats out…[Read more]

I can’t seem to find any wording in the common NAB home loan terms and conditions that outline a home loan products prohibits the temporary leasing of the property or any requirement that it has to be converted to an investment product.

Out of interest, what is stopping all new applications applying for a home loan and then renting flats out…[Read more]

I don’t insure it as the body corporate insures all the 6 units under the one whole building and common building cover and Public Indemnity.

I know another two units are currently tenanted so by this nature I don’t think I will be in breach of the insurance cover.

I can’t seem to find any wording in the common NAB home loan terms and conditions…[Read more]