Try Deposit Access / Deposit Power or Gemworth through their company Deposit Saver.Your MB should be able to make this happen for you.

No all of our wraps are and will always be in Qld.

NathanWithout going into too much depth it is paid on the "Emerging Profits" rule.If you have got your PBR then check out the ATO website. 

CarlI cant really see the issue. Presumably your settlement date will be after the 13th July on the house you are buying so there will be no issue with settlement as you will settle with cash and no a family guarantee style loan.As long as you convince your Bank that you have sufficient funds to settle then you should be fine.You should still be…[Read more]

Also remember with a non strata block if you substantially renovate them you will also incur GST on the end sale price and whilst you maybe able to claim the input credits on the materials will end up paying GST on the margin.This will certainly effect your bottom line also.

Transfer Stamp Duty is added to the Cost Base when calculating CGT on the sale.Mortgage Stamp Duty is a loan cost and hence deducted over 5 years or the term of the loan is shorter.Conveyancing costs in relation to the preparation of the mortgage documents are also considered a loan cost as as above.

No must confess i am not a member of a Superanuation fund as I run my own SMSF. (I Assume that comment wasnt aimed at me).In answer to DCN question remember a Financial Planner (And yes i am one of them) is not always a licensed mortgage broker so whilst most of them can tell you which Managed Fund to place your savings in and watch them go South…[Read more]

When you right click on his profile name and view the shortcut, his user name is actually Brad Smith. That is also the name of the Owner of Signature Financial Solutions according to the receptionist.Thanks Don mystery solved.

Hi EHYes the calculation when it comes to the interest saving is exactly the same. This of course assumes that your offset account is 100% offset and the interest is calculated daily and charged monthly. Take my word for it not all lenders are the same………………..

What actual service from a FP are you after ?

FedYou are required to occupy the property for 6 continous months in the first 12 months after settlement to satisfy the Qld FHOG requirements but 12 months to obtain the first owner occupied discount in the Stamp Duty.If you occupy the property you are unable to make a 100% claim on the property.

seank and i bet they have the same ISP address.

How many times do you have to be told you are in the wrong continent my friend.You need the paid advertising forum next door.

Non at all keep it as interest only.

Sorry but i hate to disagree with Yarpos but my preferred structure is an interest only loan with a 100% offset account for a PPOR loan.A combination of a reduction in non deductible interest as well as flexibility should the property ever be rented out again has to be the way forward.Remember you cannot claim the interest on a debt where it is…[Read more]

KatieOn the date of settlement the purchaser would settle giving you 60% of the agreed purchase price and you would carry  a 2nd mortgage for the 40%. You in turn would charge them interest at 10% PA on the 40% of the purchase price.After 2 years they would agree to discharge your loan in full either by refinancing or selling the p…[Read more]

Hi NenalIf the 3 parties purchase the property you would not be able to rent it out to 1 of the 3 of you but in saying that the open market rent maybe higher anyway.Initial issue is that if you are self employed and have only been runing the business for 3 months (Assuming it was a fresh start up business) you will not find any lender consider…[Read more]

bardon love it ……………….. and appreciate that redwing try to be a good guy

As at June 2008 Anz policy was to refund a maximum of 40% of the LMI premium in the event that the loan was repaid in full 12 months after inception and on the basis that no new loan was taken out.There are a few provisos and the process will take around 6-8 weeks.Your original Mortgage Broker should be able to file the claim on your behalf.

If you are after the best property Accountants in SE Qld then look no further than Steve Hodgkinson who is senior partner at the Gold Business Group on the Gold Coast.Steve has been my Accountant for the last 10 years and is an expert on property and Trust structures.I have recommended many forum clients from all over Australia to him and they…[Read more]