Recent content by pcerr

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    Best way to subdivide PPOR and building IP

    Hi somersofters, We are planning to build a 2bed unit in our PPOR backyard, hold as IP2, sell the PPOR and buy a new PPOR. IP1 value 105K, loan 110K againts PPOR & IP1 PPOR value 400K, loan 200K against PPOR. Value after subdivision low 300K New unit subdivision & building cost 200K...
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    I need help please. Finance for subdivision plan

    Thanks Fourex. yes, all will be in joint applicants. So the step is: To subdivide the land, get both the land & the house revalued, refinance both and start the building process? If I fund the subdivision cost from LOC can I add the subdivision cost into the IP or I have to do the...
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    I need help please. Finance for subdivision plan

    Hi I have this plan in my mind and need help with 'how to' please IP 1 owe 110K - value 105K cross-collateral with PPOR PPOR owe 200K - value 370K against PPOR Both loan are with Suncorp We plan to build a 2bed unit in our backyard (check with council and it is ok), building cost...
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    Tax deductible implication on subdivision/turn PPOR into IP

    Hi, we plan to build a townhouse in our backyard, move into it and rent out the front one. Our current loan is $200k and we plan to borrow another $250k for the townhouse. How does this affect our tax deductible expenses? Can we claim the whole interest on our original loan (the $200k) as IP's...
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    Building & Pest Inspector - Horsham

    Hi, anyone can suggest a good building and pest inspector in Horsham? Thank you so much
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    Moe, Morwell, Traralgon area

    Hi all, I would like people's opinions on Moe, Morwell, Traralgon & surrounding areas (Yallourn, Newborough). Which part is the best for IP and how's the return. I am prefer a higher yield rather than CG as it will be a long term investment (10 years or more) I read that west Moe is better...
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    New entry to IP, Ballarat or Horsham?

    Thanks, will do a search.
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    New entry to IP, Ballarat or Horsham?

    Thank you so much guys. Being live in eastern suburb of Melb and only been once to Ballarat (just went to Sovereign Hill :eek:) your information are helping me. Thinking of Ballarat more than Horsham because of distance from Melb CBD. Will send you PM for my email address. Thanks
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    New entry to IP, Ballarat or Horsham?

    Hi guys, I want to buy IP for the first time. I am thinking of Ballarat or Horsham. Any suggestion about these two locations? How's the rental market and which suburb is the best? Thanks heaps
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