Recent content by Scaramanga

Thanks for this, that's comforting.

Hi I've read the land tax FAQ, but couldn't find answers to my fairly basic questions. The SRO's website was unhelpful. I own property, it is my PPOR. I have never received a land tax assessment. I have never registered or done anything actively to manage land tax. Would I...

Thanks, this advice is helpful but my situation is slightly different. Apologies for not mentioning this earlier: When I buy the PPOR, I don't intend to give the bank security over it (ie, the bank is lending me the $1m against the two IPs). So if I sell an IP, and want to keep the loan...

Hi I have two investment properties worth about $1.5m, ungeared. The bank is willing to advance me $1m against them. I am currrently renting. I would like to do the following: - buy a PPOR (for say $1m): I can do this with the bank advance - sell one of the IPs (for say $500k) and buy a...

Thanks for this helpful response - cheers

Hi I am interested in buying an IP. Westpac has said they will lend up to 80% of the value of what I buy. The place I like is zoned "Mixed Use Zone" - in West Melbourne for those interested. The place is indisputably residential (which is what I want), but the street and neighbourhood is...

Hi My PM has just issued a notice to vacate because the tenant is > 14 days in arrears. A VCAT date has been set. Tenant has been very erratic with rent, and I want him out. After receiving the notice, the tenant has now coughed up enough to be only partly in arrears. I still want him out...