Recent content by EstateCentral

Thanks Gockie. I thought I would keep it too based on the same reasonings that you just said. I had not heard about the Western light rail before. Thanks for sharing. Yeah, I have pulled out some equity enough for another deposit. Thinking of buying a house which will be negatively geared...

Thanks for your inputs guys. I have another question regarding the townhouse investment property that I'm having. It's positively geared at the moment, so I don't have any tax advantage on the property, I even have to pay tax on it. If I sell the property now and put the money into my PPOR...

You two are right, I did not think of the traffic problem until you mentioned it. The traffic on Epping road and Herring road is quite bad during peak hours. Apparently, the Ryde council opposed the plan citing the public transport system won't be able to cope it. yeah, some townhouses in...

Just wondering if anyone lives in the Macquarie Park, Marsfield area and what your thoughts on the Herring road Urban precinct development. You can watch the video of the proposed development here...

Thanks Terry for the suggestion. I understand the two options you outlined are the ideal. But do you know which bank will allow "1. Pay directly from a redraw or LOC to the expense."? because usually with redraw or LOC facility you need to land the money somewhere first and then from there...

Thanks very much for your informative responses. This puts me in a difficult situation as I'm with Ubank for my PPOR and I want to redraw some money from there to pay for the new purchase of a new rental property. With Ubank, I need to noninate an account where the interest repayment each...

Hi Brazen, Thanks for the reply. I'll take your advice "Privacy and separation are KING." and think carefully before building one on mine. I will have a look at several houses with granny flats to see how they designed them.

thanks for your replies Terry and Aaron, Which section of the tax law can I look up for further information? Basically, I currently have loan 1 with Bank A and I want to redraw X amount from that loan, put it into a personal savings account (which was set up to pay for the purchase of the...

I'm sorry if this question has been asked before. I'd like to know if I redraw an X amount of money to pay for stamp duty for a rental property, will the interest on the redrawn amount be tax deductible? I tried to find the information on the ATO website but could not find the answer. I...

Hi Spades, What did you mean by "DD"? this will be my PPOR.

thanks the replies guys. In the title it has the following covenant S272176 - Covenant Affecting the part shown so burdened in the title diagram Pls see two new attached files for the text on the title and the another diagram. I'm going to call the sydney water if they have any information.

Hi Brazen, Thank you for your reply. What I meant was the sewer easement. All I wanted to confirm was what you have written: "Once a Sewer Mains is encased, it is considered 'maintenance free' forever. If it fails in any way, Sydney Water MUST legally fix it and repair anything they've...

Hi all, My offer for a house was accepted but there one thing about the house that I want to check. From the sewage diagram it looks like the garage was built on top of the drainage easement. Please see attached. I asked the agent about it and he said the advice from the vendor is it's...

Thanks for the reply and info. So, I should not be worried once the pipe has been encased properly. But wonder if it will affect the reselling price of the house later. Buyers usually do not like the idea of a sewer line running through the house.

Sorry to post on an old thread. I just wanted to ask, if you build over an easement and satisfy all the requirements from the Water authority such as encasing etc... Is there still a risk that if the pipes get blocked or broken and the Water authority will still have the right to dig up...