Recent content by mark88

Hmmm ..not sure but house must be about 10-15 years old so I doubt that it would be a delay. How concerned should I be about this?

Hi, I'm just about to buy a house in Glenmore Park. I know it has 2 easements - a sewer and storm water at the rear of the property. My concern is that the sewer diagram does not show the house and the service line that connects to the mains. I purchased the most up to date diagram from Sydney...

Hi, Has anyone ever rented to the vendor after settlement? I've purchased a house in western Sydney with 10 week settlement and the owners would like to rent the property off me for 6 months after settlement. I guess it's great that I get immediate rental income but I'm worried that I wont be...

Thank you, everyone has been very helpful! I just have one more question, the property that I bought in 2011, I lived in it for 6 months and then started to rent it out. I believe that it is now CGT exempt for 6 years? Does this change when I purchase IP 2? I know it changes if I decide to...

Thanks Shahin. That sounds like a good plan. Do you also recommend that I change lenders for the second mortgage? Could I just insist with the NAB to avoid cross collaterisation? Is this going to increase the likelihood that my application is declined?

Thanks for all the advice so far. Rolf, just a few further questions: 1. Can you suggest some lower serviceability lenders? 2. If I borrow 90% wont I then have to pay LMI? My income is only about 65-70k so I'm not sure if it is worthwhile for me paying LMI and claiming it as a tax...

Hi, I'm 25 year old male living at home with parents. I purchased my first investment property in November 2011 - 3 bedroom house in Blacktown purchased for $357 500 with current IO loan of $285 000. I lived in the property for 6 months to claim the FHOG and stamp duty exemption and then...