1. If you are going to be making a profit then a trust structure would be worth looking at2. No, brokers must give back the commission if the loan is repaid within 12 to 18 months3. Best to borrow off other property and pay cash if possible. If not then not much you can do, don't fix, keep it variable.

Might work out cheaper to get income protection insurance.

What state is the property located in?Another Option if in VICHusband buys wife's 50% share and borrows to do so.New loan $515,000 with interest deductible. Possibly no stamp duty or CGT.Frees up $485,000 cash which can be used for the new PPOR purchase.1.Using redraw won't increase deductions – the interest will only be deductible on the $30k

Option 4.Buy a PPOR now get the FHOG and stamp duty concessions if possible (New concessions announced yesterday in SA for apartments, but may not suit you).Move into PPOR to establish it as your PPOR. Get IO loan, 100% offset.Move out and rent your PPOR. Moving in will allow you to establish it as your main residence and keep it CGT for 6 years…[Read more]

Could be that prices rise before this ends as everyone rushes in. Be careful

NEver heard of it.What law was changed? Sounds like a conspiracy theory to me.

The 6 month rule could possibly apply  for a 6 months of the time if B becomes your main residence eventually. s118-140 ITAA 97.http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s118.140.html But, since you have not lived in B yet then it isn't your main residence so the 6 year rule won't apply, s118-145. But if you construct a main r…[Read more]

Wow, have you added up all the savings???

I've been using the firefox browser on my tablet. works well and you can open multiple tabs by holding your finger down on the link for a few seconds.

Yes, this doesn't make sense at all.The bank is owed $1mil but they are willing to sell the property to a third party for 35% of this amount.Having a caveatable interest would no give priority over a bank holding first mortgage. Even with a caveat the caveatee would probably just be an unsecured creditor and would have to wait in line with all the…

I still have an iphone and can get that working with this forum. I am able to post on it too, but it is a bit small.

Qlds007 wrote:
Regretfully Terry even post Howards Choices legislation certain Governement employees are restricted and cannot set up their own SMSF and have their employer contributions directed towards their own fund.Some employees allow you to transfer the majority of your Employer Super Fund balance to a SMSF and as long as you retain a…[Read more]

no worries

councils don't approve renting houses. If you have an occupancy certificate then it can be lived in and it is up to you how much of the house you want to rent out.What is there to ask?If you want to ask about rental subsidies you would be able to find out from centrelink. But why worry about this as this is a tenant's problem. I imagine that as…[Read more]

You would then be paying tax on the rent if you moved out and having to also pay rent yourself. If you bought another PPOR then the loan would be larger and it would cost you more because your cash is probably tied up in the old PPOR. It may work out better if you could rent at a much cheaper price and to pay the extra tax, but this would mean the…[Read more]

First question was regardin the complications I thinkWell, the tenants won't pay electricity so you will have to work out a formular with the other other on how much you will pay. Same with water – maybe you can charge tenants for usage but better if you build this into the rent i think. 

Qlds007 wrote:
Terry he also has changed his name on a couple of posts hence i have reported the posts.Me things Ray or whatever his name is has finger in many pies.On a separate matter. How did you download Flash Player on your Ipad. Did you use Cloud or similar?CheersYours in Finance

Hi RichardLooks like the problem solved.Flash is no problem…[Read more]

Ray,You are embarrassing those companies you keep mentioning in every post. So far you have made 14 posts and all providing a link to a related website.  Whats the deal? Are you involved in the company in any way?

Whats the first question?yes…to the second

You could make a large donation to charity to get your taxable income down.If your properties are in Vic, you may be able to transfer ownership without stamp duty – or nominal $50. But there may be CGT to pay. Maybe consider prepaying interest for one year to bring forward some deductions.But, I am not sure if increasing your deductions will…[Read more]