Recent content by fromtheACT

Hi all thanks for the replies My other reason is that i thought the house price is really good at the moment. the house is valued at 330k by the council (maybe overpriced) and the house will be sold at 260k (a 20k reduction from its original asking price). Yes it is a rather low growth...

Hi thank you all for your kind responses. Here are my financial conditions -no personal debt -one ip in the act because i lived there before (split loans: fixed 190k, variable 82k). house is rented out at 530 perweek. house is estimated to value 550k, bought from new. I will list a number of...

Hi The reasons: (1) We have extra cash ($100k) in our redraw, and have a bank approval to buy another IP. (2) we live in Launceston at the moment and know the area well, and would not feel comfortable to buy in other big cities. We already have one IP in mainland (which is now turning in to...

Hi all I am a complete notive in IP. I have one IP which has become a positive gearing investmnet (not a big $$ though). The loan at the moment is an interest only loan. Shall i change the interest only loan to principle+interest to return to negative gearing? cheers

Hi, we are thinking to purchase an IP in Launceston. The price of the house is about 260,000, and currently tenanted at $315 a week. It is a brick house, woodenwindows, 3 bedrooms, 4 cardports, and the double garage has been converted into rumpus room with sliding doors(still need to do somework...

Hi all I went to the CBA yesterday and gave all the doc, and informed them about my new financial circumstance (with reduce credit card limit etc.) I was given an approval of 300k loan. I also shopped around with other banks, but their rate are not much different with CBA. No discount either...

If everyone talking about discount when taking up a "package" (with monthly service fee)? I am going to talk to my bank (commonwealth) tomorrow, and from my preliminary talk, he is saying that Commbank has become much more rigid than it used to be. Is this true? When i got my first...

I forgot to mention that i have a combined credit card limit of 26,000, which i always pay on time, and never spend more than 2000- 3000 per month. is this credit cards have big effect on the amount of lending. I also will consider borrowing through broker, but generally can i get a better deal?

I have two children, not-working wife, and I will be having a new job (in Tassie). House in the act at least 500k (two-years old, 4 bedroom house), with remaining mortgage about 270k. Will rent out that house when i move to tassie. wife children will be coming with me. One option to get...

Well not quite. We are moving to Tassie soon. we "own" a house in the act worths min. 550k, with mortgage 270k. when we finally go, will rent out the house with rent of $500 per week (conservative estimate). Before my wife resigned from work, we can borrow up to 550k, but if i am to borrow the...

Terribly sorry for more follow up questions, new to all of this, but very keen to learn (have just bought some books). ***My house in canberra which will be soon become by IP, is currently with Commonwealth Bank. the mortgage is split between 5 years Fix-rate homeloan and variable homeloan...

Good afternoon to all, I am wondering if someone could tell me a good/approachable accountant with reasonable rates in the ACT or Launceston (Tasmania) who knows Investment property related tax? Thank you NB: I am moving to Launceston for a new job soon, but my IP will be in the ACT.

Thanks for the reply. One more follow question: my house in the ACT is a newly built house, less than 2 years old. I bought the land and have a builder to built the house. Will this condition create any problems based on your suggestion? Thanks.

I am new to this forum and new to property investment, so please be kind and patient. There are a few questions i need to know before i engage an accountant. Here is my condition. I own a property in the ACT and still have a huge mortgage (about 250k). But I got a job and will move to Tassie...

some questions: new to property investment I am new to this forum and new to property investment, so please be kind and patient. There are a few questions i need to know before i engage an accountant. Here is my condition. I own a property in the ACT and still have a huge mortgage (about...