Yes, it can't be your main residence until you live in it first. So difficult to claim the exemption – or impossib.e

You could ring a few in the area and see if they are on St George's panel.Also try rining or talking to some St George people yourself as some may give them the valuer.Also tell your broker to try asking his BDM at St George for help.

Dual occ is two dwellings on one title. This will mean one lender and you could only sell the 2 together. If they had separate titles you could take them to different lenders and sell them separately.

1. Yes, since the case of Steele. I don't think there is a time limit as long as your intention is investment.2. 2.5% per year for 40 years for building works. Fixtures and fittings can be claimed at a higher rate over a shorter time.

Scott,Clause 1 of the contract defines depositholder as:"vendor's agent (or if no agent is named in the contract, the vendor's solicitor)"

I've just looked at a NSW contract.cl 2.1 of the standard contract of sale stipulates the purchase must pay the deposit to the depositholder. 'Depositholder' is defined as the agent.cl 2.4 also states the deposit can be paid to the agent.cl 2.5 however states that if the deposit is not paid on time the vendor can terminate the contract, but this…[Read more]

I too think this strange. What loss has the vendor suffered?Also, the real estate agent is the vendor's agent. ie they are authorised to act for the vendor. So you paying the cheque to the agent is the same as paying the vendor.

techamitdev wrote:

Terryw wrote:
Def convert to IO + offset or you will end up paying more tax later.

Thank you for the reply.After deducting all payments, as of current % rate, I will be going in to positive gearing with this property. Do you still it is a good idea to have IO only?I am preparing to buy another one though so it might be the…[Read more]

If you pay PI you are tying up your cash in an investment property. If you later want to use the cash you will be stuck.

eg your loan is $100,000 and you pay it down to $90,000. Later you want to buy a $10,000 personal item. You need to reborrow the money but the interest on the $10,000 won’t be deductible.

If you had used a $100,000 loan with a…[Read more]

Yes thats right. Because of the % of stamp duty increases as the amount of purchase increases aggregation will result in much more stamp duty being payable.I hear it is particularly tough in VIC where you could be ht with aggregation by buying 2 houses in the one street, even where they are not next to each other and may be purchased months apart

JacM wrote:
I take it they've moved to a fancy new place?  Get your solicitor to slap a caveat on the house so they can never sell it without your involvement.  Damn I'd do such a thing, just out of spite, to teach them a lesson.  What has happened to integrity, jeez.

There would be no basis for a caveat in most state (except maybe ta…[Read more]

I think you are assuming seminar promotors and book authors are the biggest investors. I don't beleive this to be the case. The big ones keep quiet. eg I have heard of one guy who owns more than 200 properties in the Milsons Point area of Sydney. There are many many more people like this who you will never hear of.

Yes, you should be able to refinance your loan with another lender. As long as your financials are ok and you haven't missed any repayments it should be possible.

Since you are self employed the lenders will want to see your personal financials as well as the company's. Generally they will want to see 2 years, but it may be possible to get away with one years financials in some instances. Best to see a broker.

I don't see there being a problem.Deductibility will depend on what the funds borrowed are used for. It doesn't matter what you initially told the bank.Even if you have one LOC with mixed purposes it should be still easy to work out as a %. Eg if you had a $100,000 LOC and used $60,000 for the trust and $25,000 for the deposit on the IP and…[Read more]

I don’t know the strategy in the video, but under certain circumstances, it may be possible to use a LOC to service the interest on your investment loan (ie borrow to pay interest) and have the rent and all spare monies placed into a 100% offset account on your home loan.

This strategy could help pay off your non-deductible debt in years. The…[Read more]

redraw = new borrowings. So deductibility will depend on what the funds were used for.

Would the real top 10 investors want the publiciity?You would never know who they really are.

Def convert to IO + offset or you will end up paying more tax later.

What pots? They never left any pots did they?