You took a gamble when you took out your fixed loan and at this stage it has gone against you. Now you can either wear it and hope rates will rise or break the fixed loan and pay the penalty.If you do break the loan then the break fee may be deductible in the year it is incurred if the loan is investment related. This will ease the pain a bit.

Yes you can rent it out, but there will be a few complications. Tenant could claim rental assistance etc too.

I don't think an employer can restrict who you use as a super fund.

Good idea Matt. I just bought a few of those pens – try dealextreme.com they have heaps of cheap IT stuff for a few dollars including postage from HK

The lenders will take into account rental income as well and you will be able to claim some negative gearing benefits with some lenders – even if not negative geared, this takes into account deductions for depreciation and interest etc.Your biggest problem may be coming up with the deposits.

The law is likely to change? That would be hard to predict unless the government has made some sort of announment re this.I think you can only go on the current laws and to consider what the effects would be if there was to be a change.

best to speak with a broker i think and see if u can do it withiut the wife

$500 stamp duty in Nsw on a nominal settled sum. It was only $200 a few years ago too

$200 ain’t too bad compared to Nsw

i am trying to reply on tablet but am having problems

as long as both loans come in at less than 80% of the value of both properties it should be possible to restructure without lmi – subject to servicing etc

try againif not then you could set up a loc on the first property and use this to pay down secnd loan. this should be dine so as to maintain deductibility. richard should be able to set thi upand maybe get u a better ratewhile u are at it and to teach your bank a lesson too.

tofhas it dropped in value?iif n

discretionary trusts provide asset protection because no person has any vested interest in the trust assets. that means if a beneficiary were to go bankrupt the creditors would be in the same position-no interst in the assets and they will generally be out of reach. but this depends on how it is all set up and how the trust transacts itself.but…[Read more]

date of contract usually

u could wait for further growth. that is a lot of money to pay out.

not quiet right.f you have 300k loan and 100k in a 100% offset then u only pay interesr on 200k. the whole of the interesrincurrred would be deductible if a standard investment loan.

yes, the trustee is the legal of the trust assets so all legal titles have to be changed. new loans will need to be applied for too.there are stamp du issues and full stamp duty could apply depending on the deed. eg in nsw if changing the trustee means a change in beneficiaries then it could apply.you also need to look at the deed and find out…[Read more]

not possible to increase the loan and claim the interest because you will be borrowing for thenew ppor. its the purpose that counts

gwhile free set up can be cheap smsf areextremely complex and you really should get advice. or it could work out very costly.