I think we should also be entitled to the stamp duty exemption as well. Why shouldn’t property investors still be entitled to both grants, it not like we are double dipping, you can only claim the grants once.
One day us property investors might also purchase a first home, its not like it is any easier for us, I saved extremely hard to…[Read more]

I did some research today nad as you said I am entitled to the FHOG , however sadly I not entitled to the stamp duty exemption as I have a IP. It seems a little unfair that if you purchase an IP first you are not entitled to stamp duty exemption.

matthew

I am certain I had read previous post by mortgage brokers on this foru, who advise we are still entitled to FHOG, even though we own a IP.I have attempted to look for the postings, however topic’s only go as far as june.

Here is a section from Mortgage Hunter’s web site;
Yes, you may be eligible for the First Home Owners Grant (FHOG) if you…[Read more]

I was pretty certain from previous advice and other posts on this forum that if you purchased an investment property but never lived in it you were still entitled to FHOG.

matthew

I not sure how the ATO will select which tax payers to audit / check.
If I was having a guess, I would say they would do a search on tax payers that have a rental property ( this would show on their return under the rental schedule) and are self employed ( abn listed on their tax return) and have a taxable income that doesn’t reflect…[Read more]

I work for a goverment department closely linked with the ATO and I can confirm that the ATO can certainly request a bank / lender to provide a clients loan application which must be complied with.

In my position I can request any bank / lender or any other oganisation / company / person( the legalisation I work under gives me…[Read more]

I purchased my property for $127000 and renting it for $170 a week. Yes I know it is negatively geared, however as it was my first purchased ever I wanted to be totally comfortable with my purchase and my research on rocky leads me to believe there may be some capital growth in the area.
My property is in Dalton street, park…[Read more]

I also justed purchased my very first IP also in rocky. I was bloody nervous during the whole process as it was my first time.
I have done a fair bit of research on rocky and it seems to have a fairly solid future.
In regards to my property, settlement was last tuesday and I had tenants move in on thursday so I had no problems…[Read more]

matthew

I have justed purchased a property for $127000 with a 5% deposit using LMI. If my property was to increase in value to $140000-$150000 could I use the extra $13000 – 23000 equity, along with LMI to purchase another property ?
Sorry if the question is silly, but I am a newie.

thanks for your help
Matt

matt

They have already purchased another property , so they need to settle as quickly as possible. When I put a offer to them they accepted based on a 2 week settlement, which was not possible for me. They have now agreed to extend settlement to 23/12/2003, which I fairly confident will be possible as long as nothing goes wrong.
Your idea about…[Read more]

2 week settlement, impossible thats what I told the real estate agent.

matt

I think the reason the owners did a building / pest inspection is they want a quick settlement. The owners wanted a two week settlement, which for me was not possible .They have already agreed to fix a couple of things from the report.
I am going to read the report, and make contact with who ever did the report to ensure they are…[Read more]

the link is now working

matt

however nice to meet you luckyphil

Hopefully I am not to uncivilized. Check out my web site if you want
[www.uncivilized.com.au]

no hard sell here, just a hobby of mine.

Rockhamptom – Brief overview

It is a City of some 60,000 people. It is the major city of it’s region. It is on the tropic of Capricornia, and about 30 mins inland from the the Capricornia coast Rockhampton has an airport which is serviced by Qantas and Virgin , with several flights a day.

Capital growth last ten years 1.75% pa…[Read more]

If possible can you gave me a brief overview of the suburbs of Rocky. Which ones are preferred then others. There is a good chance I will buying a property there in the near future, however it is difficult to get a independant view of the suburbs, most agents have there own agenda when recomending what are the better suburbs.
The…[Read more]

I have question.

I am currently looking at purchasing a investment property and this will be the first property I have ever purchased. I understand as the property is for investment I am unable to claim the FHOG.
However in 3-5 years when I purchase my first property to live in am I still entitled to receive the FHOG.

Thanks
Matthew

sorry