I use investar (APM), Price finder and RP data…they all provide different results and data…hard to tell which one is better as it depends on the "data" it splits out….im more focus on the past sales and "data" rather then the end figure, as sometimes these program could be comparing a property that's has undergone full renovations + has a…[Read more]

Most likely the loan has been approved but they could not meet settlement deadlines ( hence why it's been pushed from the 17th to the 23rd)

There's still a long way to go for the 17th, i would ring up the bank and advise them of this deadline and threaten them with penalty interest- i have done it in the past for my clients and most of the major…[Read more]

Hi,

Welcome to the forum.

Firstly depreciation is  dependent on the type of property, age and structure. So doesn't really matter if it's positive or negative geared…

To answer your question -"can you utilize a depreciation schedule to further increase the cashflow?" – YES you can, and this can really only be done if your on a PAYG income (…[Read more]

NAB will consider it on a case by case basis + they will push you towards their commercial SMSF…
Liberty will do it at residential rates but they only accept house – no units or apartments ( funding via Adelaide SMSF)

is the current council approval for a granny/duplex only? or does it allow for the subdivision of 2 separate title…

Adding on…

If you have good banking records for 24 month and you have been discharged from bankruptcy for at least 24 month, i know Westpac is happy to lend up to 90% as i done 2 loans with them only in the last 6 month for discharge bankruptcy…

Specialized lenders like Pepper, Resimac, Perpetual etc…has a special product for 1 day…[Read more]

YBR (Macquarie funded)  Comparison rate is 5.77-6.00%
Compared to Macquarie which is 5.74%…

Higher fee's and set up ..Spin doctors.

http://www.macquarie.com.au/mgl/au/personal/loans/home-loans/compare-our-home-loans

http://www.ybr.com.au/docs/YBR_empower_comparison_rate_schedule_20121102.pdf

I have a feeling Yellow brick road will just white label Macquarie's loan, offering the same deal that Macquarie is offering right now but maybe at a slightly cheaper rate. ( Tier pricing based on volume)..which will have no effect on the big 4…as Macquarie's credit policy is very mushy and loose at the best of times..

+ Richard is a very successfully and experienced investor who will just get straight to the point <moderator delete language>, i would seek his help regarding your finance + ask him questions about investing.

I personally won't say it's a great deal…But it is a ok deal..

– Commercial rates, so this will eat into your return quite a bit
– Being an old building Comm building im presuming outgoing can be a bit hefty 
– Regional town
– Can not leverage on the LVR
– Haven't been too Gundagai but according to the beuro average temp is 30-35, with lowest…[Read more]

Terryw wrote:

But, a trust set up under a will or post death in some circumstances will have its income classed as exempted trust income and a child can pay tax at adult rates. This means roughly $20,000 pa fax free per child. So make sure you consider a discretionary trust in your will.

Interesting…So say im the solo trustee of  ABC…[Read more]

Depends on location….if it's in a high demand area, easy to sell  and average prices are towards the med- higher mark ie within 10km of CBD it be under 1.5-2%.

All about location, prices of the property and demand in that area.

Jamie M wrote:
I'm sure every REA in NSW will tell you there an expert at selling properties! 

Cheers

Jamie

^ haha true.

Finding a buyer to buy all 9 is a tough gig! + given it's located in based in mining towns 0.o 

Im presuming 95k is after expenses? including interest?

A bold statement. It depends on the person's risk tolerance, experience, time, financial backing and strategy.

Capital growth over a 5-7 years period can and does make more money then positive gearing,- higher risk…potential for higher return.

I personally think it's good to have a balance of both strategy, capital growth and positive gearing.…[Read more]

^ if your looking at drawing out equity etc,,,,don't fix, because the valuation with your current lender may not stack up and you may be force to refinance to a different lender for a better valuation- in order to grow financially/ lower LVR/ LMI cost. 

Some banks are offering $700-$1,000 cash back towards the refinancing cost.

1. depends on what location your after and most importantly what strategy are you more comfortable with?

2. Some charge % some charge flat fee…no wrong or right.

^ Great post Brazen…and good to see you on PI.com

^ i seen that pic as well Jamie!..very neat play house for kids.

I will def do something similar for my "future" daughter….now im off to find my "future" wife lol

^ very smart!