Recent content by People

Very good point!

Y-Man Would you be scared off by the fact that somewhere like StK East has a 51.8% of people renting? or is that counted by the fact that it is harder to supply more apartments etc.

Hi $400,000 plus associated costs (stamp duty), my absolute upper limit is $430,000 plus associated costs, if the holding costs aren't too high. I'm looking north to west of CBD. Townhouses (2bed, 1 bath, 1 car)I have been looking at Fawkner and Hadfield, Oak park, Glenroy (about 13km from...

I understand there are other factors and I have been analysing demographic data, population growth, and capital growth and rental yield data. I only have about $400,000 to spend, but would love to buy in a blue chip area. You raise some good points. If I buy a townhouse, it is in a flooded...

I have been looking for my next IP (in Melbourne) and just cant work out if I should buy an apartment within 10km from city (of which there a many in the suburbs I am looking at) or a townhouse 10-15km from the CBD. I wouldn?t mind talking to a Buyers Advocate, someone who can help locate a...

Thanks Terry, you are right, will look into it. Thankyou everyone for your help!!

Hi Rob and everyone, Thankyou for your responses, Rob definately something to look in to. I will now contact a property lawyer to make sure I am on the right track. I have since spoken to a financial adviser and our accountant of which they feel the interest on the loan is in fact...

Hi Brady, Would love to say we did consultant and accountant. However we didn't as we dont have a good one. What if I, and I'm thinking outside the square now. Draw down money from the IP $300,000 and pay out the current mortgage. Then apply for an IP mortgage against this property to...

Hi Everyone, The new let me try and answer the questions. ok We sold PPOR for $800,000 with mortgage debt of $300,000 we sold PPOR and the mortgage of $300,000 was secured against cash of $300,000 placed in term deposit We brought IP for $670,000 paid out of original $800,000 we received...

Hi Terry, Thanks for the response. I was more asking now that the mortgage has been transferred to the IP we have brought, would the interest on the mortgage now be tax deductible? My biggest concern and why I'm an questioning if it is tax deductible or not, is that we have had to pay...

Hi, A while ago my partner and I sold our PPOR. We are both self employed and the serviceability of a new mortgage we always fall short. So we chose to transfer our mortgage. Therefore with a portion equal to our mortgage, once our PPOR was sold the bank placed the money in a term deposit and...