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I would like to get some thoughts and views about whether I am overcomplicating things here. My objective is as follows: a) Increase my tax deductibility in FY15 (i.e. this year). b) Retain the greatest amount of my own cash as possible. My motivation is as follows: a) I?m going to have...

Hi all, One of my properties has a case of re-occurring mold on the wall in the first room of my house which suggests some dampness, water issues in the roof I guess. Does anyone have a recommendation for someone I can call to have this looked at? I am in the inner west in Sydney. Thanks

How often would it be logical to go back to your lender and refinance and draw down on any equity that you have in your property? I know it would be dependent on needs and theoretically could be done as often as you have sufficient equity, but for example, would it be silly to do so every 50k...

Hi everyone I need to do my 2014 tax return however I want to ensure I am teamed up with a property focused accountant, with someone who can consider appropriate structures to leverage our financial and household situation ? so am looking for a new accountant. My wife and I both own a few...

Hi all, I recently came across a website link in a thread I was browsing which provided a really good comprehensive set of demographics metrics, historical growth records etc by suburb (I believe it was posted by Rixter) - although unfortunately I didn't save it and can't find it again! I...

Can someone please recommend a good property manager who works in the Blacktown area. All help will be greatly appreciated! Thanks

Hi all I'm about to exchange on my 2nd IP for ~$500k and I'm having a think about the best way to finance this. For this deal, I can get a 90% LMI waiver from my lender (Lender B) so can borrow up to 90% LVR and can either: 1) Pay the 10% deposit + purchase costs with CASH (approx...

Hi guys, I was wondering if you could please give me some thoughts on the following (I'll be chatting to my accountant next week but wanted to get some thoughts before hand so I can think about things over the w/e). 1. I had equity in my PPOR and used it for a deposit on my IP, for the...

Hi everyone, I've been quite absent for a little while (too long) and as a result feel like I am scrambling a little and want to purchase a second (and then 3rd) IP which I should have done a year or so ago! Firstly a little about my situation: - early 30's, live in Sydney - salary $130k...

We're nearing the end of the FY and would just like some opinions on what I may be able to do to help my situation a little. Due to favourable rates, income and being in a favourable position to reduce my debt (by the way of an offset account) I have a positively geared IO IP, Var loan. Sold...

I’m an Australian citizen and my sister and her husband who are not Australian nationals are interested in buying property in Australia. I’ve/we’ve done some research and know that since they’re not citizens they’re unable to invest in anything other than off the plan. I know they can pretty...

Will I need to be available when the cooling off period finishes? I’m going away on holidays for 7 working days in a few days and if my offer is accepted will go to the bank to submit the formal application. I believe they can then organise the valuation and complete what they need to do...

I'm going to buy a car for approx. 25k. I'm comparing 2 scenarios, either buying outright with cash upfront or a fully maintained lease, I've come up with the following: 1) Fortnightly lease repayments, plus the residual payment (in order to own the car outright) after 3 yrs is a little over...

Ok this will be a simple Q for most ppl here lol If I exchange today, how long does the bank need to do it's bit with no pre-approval or anything else in place?? I am thinking about putting in an unconditional offer (no subject to finance) and want to know how much time I have thanks

If you go > 90% LVR on a purchase at Auction, how do you pay the 10% deposit on the day?

I am sure this has been covered before but couldn't find anything in a search. I placed an offer prior to auction (that was knocked back) but I requested some simple changes to the front page of the contract (eg. inclusions, land tax adj.). Since my offer was not accepted I did not receive...

Yep, another one of these questions! If I purchase a $600k property in NSW I don't actually get any stamp duty exemptions. Assuming that the $7.5k FHOG is less than the rental income for the first 6 months, and in reality it's about half, I don't see the benefit of claiming the FHOG at this...

I've found a place that's going for auction in a few weeks. I would like to make a pre auction offer however it's probably not as higher as the vendor/agent would like! As a sweetener, I would like to offer a 10% deposit upon exchange (pending acceptance and building inspection). Will...

I have been looking at a place where the agent is quoting high 5's for a property going for auction. I have been looking in this area for the last year and believe I have a pretty good idea of what most places are worth. Similar places have recently sold for at least $650k and even beyond...

I have found a place that I am interested in which was supposed to go for auction in a few weeks. I asked for the agent to send me the contract today. My limit is $525k for this place. The agent called me in the arvo saying he sent the contract through however someone has made an...