Recent content by Roosterman

I do love his baffling non-sequiters though

Hello I've got a property settling tomorrow, and today I conducted the pre-settlement inspection. I caught a taxi there and back. It's small bikkies I know, but is the $40 taxi fare a deductible expense? The property is not available for rent (until after it settles tomorrow) so I...

So just to clarify, you are asking whether hanging clothes from a balcony of a house is illegal? Seriously, how old are you?

You'd want to be at the north end of the Gold Coast if you are going to commute to Brisbane. Have a look at Upper Coomera, Oxenford or Helensvale, plenty of choices at that price range. Helensvale and Coomera have train stations, Oxenford does not.

Well you would need to tell them of your change of address, wouldn't you? Might be a clue that the property is no longer your PPOR

Rents still going up slightly in West Ryde, Sydney. I've got a 2 bedroom unit there finishing lease at $440 per week, PM has just re-signed the tenant for 12 months at $445. Vacancy rate of less than 2% probably helps

Would somewhat defeat the purpose of the GST :)

It is spelled "naive"

Thanks Dave It hasn't happened yet, but I will ask my broker to ask the bank about how the LMI would be charged

I have an IP with 2 loans against it, $300k used to purchase the IP and $120k which was used for the purchase of a PPOR. I'm looking to do a third split to purchase another IP and may go to 90% LVR, which will obviously incur LMI costs (looking to cash out about $50k) I understand the LMI...

I don't think a $420k apartment in the CBD renting for $540 per week would be cashflow positive. Strata for these unit blocks can be up to and over $2k per quarter - those lifts, concierges and pools are expensive. Once you add council rates, water etc, you could be looking at over $10k in...

What are you paying a Buyer's Agent for again?

ANZ seem quite receptive at the moment. A few weeks back my discount was only 1.01, my broker got me to 1.16. Having some discussions about a new loan and they have now offered 1.25 for my existing loans. So that is a rate of 4.38% $880k at about 70% LVR

To me the downside is that any one of the 50 owners could be in financial difficulties and has to sell their townhouse in a hurry/firesale. Your townhouse's value is then negatively affected by that sale price. Of course this can also happen in a six pack or eight pack, but you are reducing...

Nothing "wrong" with it per se - it's just a more industrial part of the suburb - and it floods.