This day an age most deals are done online and you end up seeing so few of your clients face to face.I have clients all around Australia and throughout the world who i havent ever seen face to face or even spoken to. Email is just an accepted form of communication these days.With regards to an Accountant can give you an excellent one of the…[Read more]

What sort of advice are you after ?

Assuming the land is zoned appropriately and your builder has confirmed that the house you wish to construct will fit on the block i.e No building envelopes or unusual convenants on the land then the clauses you have mentioned should be fine.

Assuming the land is zoned appropriately and your builder has confirmed that the house you wish to construct will fit on the block i.e No building envelopes or unusual convenants on the land then the clauses you have mentioned should be fine.

That is easy.Depending on who the lender is will determine whether any of the offset can be applied to the fixed portion.Most lenders will limit the offset to the variable rate although there is a few exceptions.

Hi RudolphYes you can apply to have it backdated. It will merely show as the last modified date as the date in which you make the backdated application but lenders are ok with that. Many lenders still offer competitive rate and fee discounts for lodoc deals so it is worth persuing.

BenderGet your Broker to organise the valuation for you and you supply the valuer with the mentioned information.They will only use their panel valuers and you do not get to choose who that is but at least as long as the valuation is a "Fair Market Value"  valuation who should be ok.We organise them for clients all the time so as mentioned your Br…[Read more]

ProbeYes you will be.On a

DonMaybe he hasnt got upto that section of the Sales manual yet.Sure an answer will be forthcoming when he has.

One of the main reasons i would recommend a IO loan on your PPOR is what starts off as your main residence can often end up as an IP as your outgrow the property and want to upsize.I have seen so many clients pay down their PPOR and then decide to buy somewhere else and assume that they can either redraw or take out a new loan on the original P…[Read more]

I never like to disagree with Terry but for once i have to:I think GST only applies to residential properties if they are new – ie being sold for the first time, otherwise they are exempt.This is actually incorrect. The definition in the Tax Act when it comes to 2nd hand properties relates to "Substantial Renovation" and causes many a refurber to…[Read more]

Yes 20 is the majic number under the MIA but i think you will also find that ASIC require reduced documentation whenever you are placing an ad for investment funds.If you now the investor then possibly you could get away with it however any ad will require full disclosure.

CharlieMy understanding is that as long as you offer a fixed interest rate you are not required to lodge anything with asic ? This is certainly not the case. I would check out the requirements under the Managed Investments Act before you place any ad.

Wow sounds an absolute bargain with personal email access.I have owned Beachfront US property for nearly 25 years in CA (seen it go from $89,000 USD when i purchased it to over $2Million now) and financed over 100 Aussies into the US over the last 5 years and will answer any email question you have personally for nothing.

I am with you DIY.

Thanks mate, i talk about anything.

MattMust admit i have 1 or two properties and am a FP.However in saying that i agree with Stuart you probably need someone to pop their MB hat on.Feel free to shoot us an email.

Hi MattFirstly welcome to the forum and I hope you enjoy your time here.Personally would get proper advice before you jump in as in most cases the PPOR is purchase as Joint Tenants with you both equally and severally liable for the debt.Given the information you have provided about your intension to eventually rent out the property both the…[Read more]

Hi MattFirstly welcome to the forum and I hope you enjoy your time here.Personally would get proper advice before you jump in as in most cases the PPOR is purchase as Joint Tenants with you both equally and severally liable for the debt.Given the information you have provided about your intension to eventually rent out the property both the…[Read more]

Hi KateMaybe I will clarify what i was suggesting:1) If you set the loan up from day 1 as a P & I loan and then 5 years down the track decide to move to a bigger home but want to rent out the old PPOR the only interest that is tax deductible is the amount charged on the balance outstanding. You cannot redraw or refinance and try and cliam the…[Read more]