Recent content by cocka2

  1. cocka2

    Prime cost items, new build

    Thanks OC1, That is correct, It is tiles everywhere except the bedrooms, does this make any difference ?
  2. cocka2

    Prime cost items, new build

    Thanks for your reply, one more question, this stage also mentions all tiles installed, the living room is supposed to have tiles and I couldn't see any tiles, he also mentioned tiles will be installed at the last stage, is this normal ?
  3. cocka2

    Prime cost items, new build

    Hi guys, My builder recently submitted a claim for stage 5, one before completion. According to contact, at this stage: "All ceramic tiling installed, prime cost items installed, painting complete" When I asked the builder about prime cost items, he mentioned since all the items in...
  4. cocka2

    Withdraw from offset of PPR and claim interest for IP

    Hi Guys, I have an offset account established for my IO loan for my PPR. I am thinking of withdrawing 50k from an offset account. I believe the extra interest that I would be charged for this transaction should be fully deductible? I would like to know how such a transaction should be...
  5. cocka2

    interest in advance for IP but moving in after six months

    Thanks guys for your reply. Could you please let me know if there is any CGT benefit between the following two options? 1) Renting the house outright and moving in for a few years (2-3 years) before changing it back to IP and having it rented for like 10 years. So we can use it for...
  6. cocka2

    interest in advance for IP but moving in after six months

    We are thinking to have it as PPoR for around five years, before converting it back to IP and moving to a large place. We are not thinking of selling this property for the next 10 or so years. Before Selling, we want to move in for a year to have it as our primary residence and then sell it.
  7. cocka2

    interest in advance for IP but moving in after six months

    Hi guys, we are in or process of purchasing an owner occupied property but for the first six months we want to rent it,as an investment property to recover some of the initial costs through the taxes. and then after six months we move in. I am thinking of getting fixed rate for two years...
  8. cocka2

    Changing the contract after exchange before settlement

    Hi HD, We want to move in around 9 months after settlement. The settlement is in 30 days from today. The exchange was done a few days back.
  9. cocka2

    Changing the contract after exchange before settlement

    The property is in ACT and it is currently rented, I am also renting.
  10. cocka2

    Changing the contract after exchange before settlement

    Hi all, I have a question. I am purchasing a property, initially I indicated that I don't want to receive 7k government grant for first home owners. I would like to know if it is possible to change this now, after exchange, before settlement, or is it too late ? Does it cost something...
  11. cocka2

    Two town houses (Owner occupied and IP) or a large house (Owner occupied)

    Hi all, I've got around 120k in cash in a high interest saving account. I am thinking of buying a property as I am renting currently. I appreciate your opinion whether it makes sense to buy one house for like 550k by depositing %20 (to avoid LMI) or should I consider buying two smaller...
  12. cocka2

    No building inspection report for Units !

    Hi All, I am interested in a unit which is 40 years old. I asked for building inspection report, the agent is telling me that for units, I should ask for body corporate notes and not building inspection report. He mentioned, building inspection is only available for houses and not...
  13. cocka2

    IP buy, hesitating ...

    Dear All, I am interested to buy a rental unit in ACT. The building is built 40 years ago. I asked for building inspection documents, the agent provided me with body corporate notes for the last 2 years. The unit is vacant at the moment. The unit floor is covered by carpet; but at some...
  14. cocka2

    First home buyer grant - Second property

    Hi All, I was wondering, If the first property I buy is an IP, can I still claim the first home owner grant for my second property which I am going to live in ? Cheers,
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