Recent content by paull10au

Hi jaime. Im getting quotes for a bball court now.. For a slab of around 6.5x6 m at 100mm im getting quoted 5500. Does urs have reo steel? Also what ring did you choose to buy?

Thank you Jan and Ian and everybody else who has ever posted on SS!

Bg. What you could do is start a consulting company and change the way you are contracted at work? Maybe something to think about in the future. Another option is if you need or want a new car maybe look at novated leases. Alot of companies do that for their employees and it may save you some $...

Hey bg. Admire your worth ethic and the consequential "first world problem" of having to pay large amounts of tax. It sux but thats the price we pay living in oz! Just to further some previous comments i agree that you should not buy something you dont need just to save roughly 40% in your...

Thanks slava. I will get on to it. I have requested to be put on the ec as there are only 4 townhouses in the complex. The strata co said that i need to wait for the agm for that to happen.. Do u know if thats really the case?

Ok - but really this builder should be named and shamed. I am still reading your posts - im up to number 9. i am also finding some good advice from your posts about strata management so thank you for that! Reason why I am so interested is that I just purchased a townhouse which is a...

Hey slava. Im reading through your story now. What a headache. Good one you for your persistence. Have you mentioned anywhere who the builder was so that we know not to buy anything from them?

Thanks euro

Thanks Westminster. So i take it every year the tenants must provide a tax return to prove total earnings, or something along those lines?

Regarding the scenario that existing tenants becomes ineligible to rent under the nras due to them having an income increase in excess of 25% over the threshold - is there a clause in the tenancy agreement that terminates the existing contract? Ie is the tenant made aware of this requirement...

Thanks again. Yep Ive read this approach before and it seemed like a good one but the benefit of this for you is to be able to use all "new" cashflow (vs current savings) towards paying off your home-loan. Ok so without purchasing another IP/Shares/Income producing asset, I guess there is...

Ok so I take it that re-financing is not the same as taking out a new loan... Ie When I initially took out the loan they dont ask you what you intend to do with your savings...?

Yep, I understand the eg. But further to this, Could you then discharge that loan by refinancing - starting a new 30 year term period etc and taking the IP loan back up to $300,000?

Thanks for your replies Terry, No I dont want to borrow extra to pay off personal debt. I just want to be able to use my equity (to pay off my home loan) which was wrongly deposited into the ip loan and not the offset account. So id be happy to just have a new IP loan at 50% of the...

Yeah I plan on living there for the forseeable future.. Sorry to sound like a broken record but can anyone see a way of utilising my equity to pay off my non-deductible home loan whilst being able to legitimately claim the interest off the IP loan? Im think Im still a little unclear about...