Hi AngelaYes as i type they are still just about available.I have to say at the moment our biggest number of enquiries we are receiving is refinancing of lodoc loans.Shoot us an email with some details and I would be happy to try and assist you further.

Hi PosYes it can be a good idea however couple of things to consider:1) In most States you will pay a higher rate of Transfer Stamp Duty if the property is considered an IP from day 1.2) In some States you will incur Land Tax which again maybe higher if the property is held in Trust. Without knowing all of the details it maybe more beneficial to…[Read more]

JeepsterFirstly welcome to the Sunshine State or this afternoon should i say the rather overcast and cloudy State.The answer to your question is a simple one. Contact the QBSA website at  http://www.bsa.qld.gov.au/Home/Default.htmand it will tell you everything you need to now.Just be careful as they just love owner builders at the moment.

The Grant is a Federally Approved Grant which is adminstered by the States.The legislation is quiet clearAre you eligible to receive the grant? To be eligible to receive the grant, the following criteria must be satisfied:You, your spouse/partner or any party to the Title must not have received a grant in any State or Territory of Australia.…[Read more]

Dont want to disagree with this comment but it is clearly incorrect. Actually you can purchase a property with someone else and apply for the FHOG. What you need is proof that you are going to subdivide the land and keep the existing house yourself. You will have to wait until the plans for the subdivision are lodged with council before you apply…[Read more]

Hi BruceI think most of the older investors on the site agree with you but before your 3rd Post any chance you can take the CAPS off as it is very annoying to read a post like that.

I was back in London about 8 months ago which was the first time for a couple of years and the prices still alarmed me.I guess it all depends on where you believe your long term future will lie.Personally if i thought i would return to Australia one day then i would be looking over her to invest due to the lower prices and better yield and…[Read more]

KenzelThe interest on the balance as at the time you make the property a IP is deductible however you are unable to refinance and redraw the funds or take out any advance payments and still get the same deduction.The 100% offset account gives you the same benefit and the net savings is identical. Difference being when you move out and make the…[Read more]

MiltFYI CGT is a Federal Tax and does not vary from State to State.

MickWe dont have an physical exhacnge of contracts here in Qld.

TanjaaAre you sure your borrowing capacity is only $130K.In todays market borrowing capacity varies considerably from one lender to another.If you were able to build on the block you may find that the rent and tax deductions would make the loan more affordable and you could keep the property until such time as you could sell it on your own…[Read more]

I can give you the name and contact numbers of a couple of people we use for flips feel free to drop me an email.

Also, no 50% capital gains tax discount with a corporate trustee… If your current Accountant is telling you this I would be changing Accountants.

Hi PostHope you made sense of my response.Drop us an email again if you need anything else.

Wow $350 i would have inisted they waive that also.If the properties are positvely geared and you are also working might be time to be switching to a Corporate Trustee rather than a Personal Trustee.

Your Broker is correct the Bank and the MI will have a max number of units in any 1 block  they will insure.Guess question would be why are you looking at going through Bank West whilst their special offer appears attractive on the surface from my experience you will have issues down the track.Some of the other lenders have an auto approval…[Read more]

Your Broker is correct the Bank and the MI will have a max number of units in any 1 block  they will insure.Guess question would be why are you looking at going through Bank West whilst their special offer appears attractive on the surface from my experience you will have issues down the track.Some of the other lenders have an auto approval…[Read more]

Using a DFT you are unable to claim even at year end any of the negative gearing losses.As it is your first property I am assuming that you have set it up with a Personal Trustee rather than a Corporate Trustee. Many lenders will not accept loans with a Trust involved and those that do often wish to charge an upftont legal fee to read the Trust…[Read more]

Yes i guess it can be done however seems like a very complicated way of buying a property to me.There will be lots of stamp duty and CGT to be paid all round.

An unconditional contract is just that.As long as there was no misrepresentation then the purchaser should have checked out the BE prior to contract.Get your Solicitor to write back and tell them that you do not accept the termination and serve them notice to settle.Remember your selling agent will probably want to take out their sales commission…[Read more]