Hi CadanRemember your sole motive for purchasing property should not be for the Tax benefits as these can change over time with Government policy. Consider a property portfolio as a long term investment.Secondly you are only able to claim the net interest shortfall at your highest marginal Tax rate and at $120K PA your highest marginal rate is 40…[Read more]

Hi CadanRemember your sole motive for purchasing property should not be for the Tax benefits as these can change over time with Government policy. Consider a property portfolio as a long term investment.Secondly you are only able to claim the net interest shortfall at your highest marginal Tax rate and at $120K PA your highest marginal rate is 40…[Read more]

MarkPersonally i would not be paying down the debt.An offset account will give you the same interest saving benefits however will retain the deductible status of the interest as well as the immediate access for the funds should the needs arise.Remember one day things may change and you might purchase another PPOR where you have to pay for the…[Read more]

MarkPersonally i would not be paying down the debt.An offset account will give you the same interest saving benefits however will retain the deductible status of the interest as well as the immediate access for the funds should the needs arise.Remember one day things may change and you might purchase another PPOR where you have to pay for the…[Read more]

Hate to disagree but there are many lenders who are totally ok with a variety of Trust structures.There are many Brokers however who do not understand these structures and therefore try and persuade you to purchase in your name.Depending on your own situation and your eventual goals will determine what structure is right for you.A good mortgage…[Read more]

I dont think a non conforming loan is necessary and agree to some of the comments made by the previous poster.I do however disagree that the standard lending institutions do not offer some of the best lodoc style loans. These loans can often be included in a Professional package so come with all the bells and whistles when it comes to interest…[Read more]

Hi CadanNo the total LVR is considered when purchasing an IP so LMI will not be payable.In saying this however i certainly would not be cross collateralising the securities when you buy the IP and would get your mortgage broker to structure the loan so that the IP loan is standalone. You can use your PPOR to take out a Line of Credit and cover t…[Read more]

If you have equity then there are many facilities that allow capitalised interest.In saying this if a lender knows or becomes aware that you are trading or flipping then they will want to do the deal as a  development loan and charge you more.If you are looking to fund the 100% of the full purchase price plus costs on the security being purchased…[Read more]

Post There are many factor that would govern your decision here:1) The actual break up of figures on your PPOR.2) Your current Marginal Tax rate and income break up.3) The age of the current property.4) How long you would stay in the new PPOR.5) Whether the loans are x collateralised.6) Which State the property is located.Certainly worth…[Read more]

AstrawanDont worry if you have a close look at the website all the juicy bits are coming soon.

Dont worry we found the existing opportunity we were looking for.New" China Funds China is experiencing unpredecented growth, and according to the latest statistics will continue to do so until at least 2015.  China is projected to be the world's largest economy by 2025, and has the highest Foreign investment in any nation in the world, with over…[Read more]

Lol oh yes i am on the forum just for the business GN.Maybe you should have read some of my posts before you make such a remark.All i said is if the product you are promoting is such a wonderful new product why not post some details on here so we can all see what we are missing. We dont need the specifics but merely the name of the Company and we…[Read more]

Hi RichThink you may want to do a topic search on the Investors Club and see what others have had to say over the last 12 years about them. There are many good agents without having to resort to a Buyers Agent who i can recommend in Brisbane if you are looking in this area. Let us know and I can email you a recommendation.

balniksYes it will certainly make a difference.Always suggest getting in right in the first place as it could save you a few dollars.

Hi MaryI think myself along with some of the older forum members are tired of new members coming on here with an agenda whether it be to promote their own product or service or to offer inacurate advice or information.Realisically you have to ask yourself in the current climate how many Capital Guarantee Funds are guaranteeing 12-15% per annum.  G…[Read more]

Steve appreciate the referral.Yes ING have a home in the market place but i wouldnt use them for a standard client.Did he tell you they also were the first lender to announce an increase in their home loan rates at 3.00pm yesterday afternoon within 30 minutes of the RBA decision.

That is correct $150K per annum for non concessional contributions.If the loan is in the SMSF then the shortfall has to be paid from the fund and not your weekly income. Settled a loan last week for a client and the current rate was 9.1%.

JoshCurrently, age-based limits determine the amount of ‘deductible’ contributions you can make each year (such as employer Superannuation Guarantee payments and salary sacrifice amounts). From 1 July 2007, a single limit of $50,000 per person per year will apply to everyone.

Pat it is not ……..trust me.

JoshNo credit checks required as the loan is in the Super Fund.There are only a couple of lenders offering such a product at the moment.You are restricted in the amount of contributions you can make each year.A couple of lenders i have spoken to have a $1Million max loan.