Recent content by arruga

hi at this point, i don't need to get very precise and get to the bottom dollar...i just need t work out a rough estimate of apportionment between land and building for, let's say: - a house, land 500 sq.m, 4 bed, 2 batch, purchase price 700k - a townhouse, land 300 sq.m, 3 bed, 2 bath...

Hi I found a brand new house which I like for myself...but not just yet, probably within 5 years (family plans)....does it make sense to buy it as IP, rent it out for 5 years then move in and turn it into PPOR ? What are the tax implications of this move ? My train of thought is that it'll be...

The interest rate you got is a lot higher, I got 3.75% And your fees are 1.25% yearly...I got 1.25% per six months Same establishment fee, 250 I found out that fees are not tax deductible, therefore I make a net loss aer tax with the term deposit...what kind of term deposit is this where the...

Hi I gotta put down a 40k deposit Deposit bond is off the table as not enough equity in other property. Bank guarantee is an option: Bank gave me these figures on bank guarantee: 250 est. fee 1.25% pre payable fee every 6 months Term deposit interest rate:3.75% Making the numbers...

Hi I found a brand new house which I like for myself...but not just yet, probably within 5 years (family plans)....does it make sense to buy it as IP, rent it out for 5 years then move in and turn it into PPOR ? What are the tax implications of this move ? My train of thought is that it'll be...

Hi My intention was to pay the 10% deposit with a deposit bond (off the plan, settlement 2015). I had verified the options with my broker, bond costs, etc...all good. Signed the contract, and now, AFTER signing the contract, the broker came with: "you need to demonstrate equity in other...

Hi forumers I got a great ground floor unit in Brisbane...ticks all the boxes and can negotiate a very good price. Only issue is, it flooded in 2011...flooring was fully replaced and it shows now an amazing polished timber floor... What do youl think ? I'd tend to think that floods happen...

Thanks for all comments. I cannot believe such poor advice from lawyers...unbelievable ! Anyway...can you please expand a bit on the stand alone entity ? what does this mean ? any link ? any lawyers in Brisbane to recommend ? Thanks

Hi I got to an agreement on price which I'm happy with for an off-the-plan unit. Settlement is in 2015 Issue is, contract has no finance approval clause. I don't feel comfortable with not having it. My lawyers indicate that this is not right, and there should be one. Agent says that no bank...

Hi guys I wonder if the QS fees for preparing a depr schedule are tax deductable or not ? Also, I appreciate if you could tell me whether the following are or not tax deductable: - Bank fee on purchase (bank transfer) - on the settl statements, it says: less council rates, less water...

Many thanks for replies. This wouldn't be negotiable then, would't it ? I mean, it's not like you would negotiate reducing the balance of the deposit by $2000. Cheers, a.

I just carried out the pest inspection on my first IP. I was on site. The inspector explained it all to me...he said it was all good....he showed me a few drill holes in front of the garage (see photo) and said he couldn't be sure what those were for...maybe a preventative measure..maybe some...

Sorry for the silly question... Is it 30 business or calendar days ? From contract date ( when buyer receives back contract signed by seller) or from when finance is approved ? Which day counts as day 1 ? Settlement is on day number 30 or one day after ? Thanks a.

if i sign two copies, hand them to RE agent......agent gets these to seller...one comes back to me....each one of us is in posession of a contract with both original signature...i would have thought that is the drill.....I gather from your comment that is pretty normal to get digital signatures...

Hi there Is a signed, scanned contract sent by email legally valid and binding ? I'm the buyer (of my first IP), and the RE agent has asked me to send the signed contract by email to send to seller (in Sydney...I'm in Brisbane)... So, I will get back by email a scanned copy of contract...