Recent content by AndrewC

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    UK property information

    Yo forum Anyone lived in the UK and know anything about the UK property market. I just moved here, would like to buy, but can't seem to find a decent source of information like say, this Forum or Metropole. Thanks for listening.
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    Just show me the data!!!

    I set out this morning to do one thing... download quarterly median house prices and rents by suburb (or by local government area whatever, in Brisbane specifically) for the last ten years. I hear them mentioned so often I thought it would be a snap. But noooooo.... I can by all sorts of...
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    Help required for old cheese (mother-in-law)

    Double up on PPOR <<New Flash>> My mother-in-law has been told by her accountant that she can offload the IP without any tax implications. So she now wants to sell both properties ASAP to release the equity and take advantage of a very liquid market in south Brisbane - and she is of course...
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    Help required for old cheese (mother-in-law)

    After some clarification... the IP loan is fixed for one year (restricted to <20% repayment on principle) and then switches to variable. The loan is currently only 4 mo old. Breakage costs quoted as $800. Do offset accounts work on fixed loans? Hmmmm.... what to do?
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    The Mint Group - now managing "wraps" for members

    The breadth of "hands off" investment products dreamed up by slick, well-meaning-or-not professional investment companies never ceases to amaze me. It's a product of the times perhaps -- lots of cashed up baby boomers with no more kids to support. Paul was correct when he says its a business --...
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    Terminology - LOC vs Redraw

    OK I get it now -- thanks. Just one small point.... say you are spot on your scheduled repayments and the property is revalued upwards, so you drawdown some funds from the existing mortgage to use elsewhere -- is that called a redraw if the existing mortgage is a P&I, a LOC if the mortgage is...
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    The Mint Group - now managing "wraps" for members

    I (foolishly) gave my email address out at a RichDad seminar in Syd and these Mint Group guys have been mailing me ever since - I just never got around to removing myself from their list. Anyhow, something in their latest email caught my eye. They seem to be offering a layman's managed wrap...
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    Help required for old cheese (mother-in-law)

    My old cheese is a great lady, and I'd like to help her out of a spot. She lives in Brisbane with her son. [Aside: We are relocating to Brisbane and we plan to all live together in a big rental and split the costs (--scary huh)] She has about 60k equity in her PPOR and has it on the market...
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    Terminology - LOC vs Redraw

    Terminology Hi Ya'll I am just a little confused with lending terminology. What is the essential difference between LOC and Redraw style methods of accessing the equity in an existing property? Is a LOC like a seperate loan altogether secured by your equity (and your existing loan and...
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    Interest rate derivatives

    Do you want to fix rates? Well.... every one says its a good idea to know what your repayments are blah blah, but the fact remains that the bank invariably wins out of every fixed mortgage transaction (I can't remember the study that looked at this but let's just say its true). This means...
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    Interest rate derivatives

    There being no takers on this I decided to do a bit of digging around myself -- show some initiative man!! OK - here's the lo-down on interest rates. If you want to fix interest rates, what is the best method? [The question: Do you want to fix rates? I will answer in another post] >>...
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    Interest rate derivatives

    Everyone I talk to about IP says you should go for a fixed rate to minimise your risk. But has anyone looked into using a fixed/floating interest rate swap to hedge the risk of interest rate movements. If you had several properties it might make sense to use swaps and it gives you the added...
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    Rent and Sales figures (NSW)

    Does anyone know if similar information is available for Brisbane, QLD?? Andrew.
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    establishing a family trust

    While we are on trusts...... Does a trust distribute non-cash deductions like depreciation? What happens if a trust is cash flow positive but profit neutral? Can you distribute some of the positive cash flow tax-free? Bemused, Andrew.
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    What happens in a wrap

    Thanks Paul I was curious to know because some time ago, maybe around 1999 when I first read Rich Dad Poor Dad, someone told me vendor finance wasn't possible in Australia because of the way our legal/tax system was structured. Then I found out about "wraps" thru this forum... no that's not...
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