Recent content by fuister

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    Whose name should be on the loan? deductable?

    Thanks all for sharing your knowledge. Most helpful!
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    Whose name should be on the loan? deductable?

    I have a property with and is under my wifes name. We are taking out a loan with ING, with 2 splits. My broker said that the loans can only be taken out as joint names as my wifes income is not sufficient to cover repayments. Thats all fine. I only have one key question. One of the split we...
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    Own property outright - refinance to -ve gear?

    Once again thanks for the comments, it has been extremely helpful. This forum has been my first point of call for any property related queries, and this just reinforces it further. I will check this spousal sale suggestion.
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    Own property outright - refinance to -ve gear?

    Yup. Thanks all for clarifying the issue.
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    Own property outright - refinance to -ve gear?

    Hi Terryw, appreciate your comments. I see where you are coming from. I think the mistake was made early on. I should have took a loan to buy that property instead of paying it outright. That way I can trasfer the equity. Now I am left with either selling the property or accessing the...
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    Own property outright - refinance to -ve gear?

    Hi all, thanks so much for your comments and feedback. So if based on your resoning so far, I can do the following. Borrow funds (not refinance) from the bank and use the property I own outright as collateral, basically accessing its equity. I can rent this property out and claim its...
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    Own property outright - refinance to -ve gear?

    Hi All, I own a place outright, purchased in 2005. My intention is to refinance the home and to rent it out as an investment property and potentially get tax benefits as I will now have interest repayments to offset my income. I was told, or given some warnings that this is not legal, as...
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    Planning for CIP No.1

    Yes following this thread with great interest as well. I am on a similiar crossroads. I have the 2 x IP and a PPOR. My next target is to a) Invest in a residential with potential for subdivision or b) Invest in a CIP circa 500 - 600k. I am leaning towards b) as I am finding whilst...
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    How to best take advantage of new R codes in Perth

    What do you guys think about Spearwood? It seems to have some fairly high R rated areas and the prices are fairly reasonable from the looks of it. Does anyone have any insights into the potential of the area and what to look out for?
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    Berwick, Victoria

    Yep, wouldn't recommend that area now given the other opportunities available. We bought there in 2007 at the Chase Estate and it has performed very well for us. But in the last few years there has been so much more land releases and developments that I think capital growth will be hampered in...
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    Constructing a new Home and its Risks!

    Hi All, A family member of mine is going to start the construction of their new home in the coming months. They have thus far shortlisted about 3 builders and going through the technical due diligence etc. I know that there is also a commercial risk to projects like this, e.g. the company...
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    Furnished vs. Unfurnished Apartment - Docklands

    Thanks for input. sanj - Good point. but I dont think there is a shortage of hotels much less apartments in Docklands. At least I dont think so.
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    Furnished vs. Unfurnished Apartment - Docklands

    Hi All, Need some advice with the more experienced out there. I have an apartment due for completion soon. It is a 2br, 1 park place in Docklands, called Lacrosse. It is a fairly high end place. 1) My question as an investor - Is it better for it to be furnished or unfurnished? Given the...
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    The great Oz property crash of 2005.

    Good post. Couldn't agree more. I am Gen Y myself and see many of my friends changing jobs often. In one instance it is necessary to acquire a broader experience base and relevance. But changing jobs every 6 - 9 months is counter productive in my view. As for property affordability, I...
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    The great Oz property crash of 2005.

    Good point. I agree on that.
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