Recent content by SE7EN

Hi TF, I have scanned through the reference document, but was unable to locate a specific reference to the reserve requirement. Are you saying there is a reserve requirement (I know Wikipedia isn't always the most reliable source) because this limits the banks ability to monetize debt, or...

Am I missing something?? How can the ANZ state that the reason for increasing the rates is due to the increasing cost of funding when the reserve requirements for banks to lend in Australia is zero? What is the Reserve Requirement figure? A Reserve Requirement under a fractional reserve...

For anyone that is interested in another point of view of what happened to the WTC towers on 9/11, you should check out Dr Judy Woods research (particularly the key evidence videos). Its a very different theory to the information provided in Zeitgeist. See http://drjudywood.com/.

Thanks Sheryn, Here I was thinking that only things like this happen to me! I did post a notice to fence to the neighbour in December, after obtaining the contact details from the local council. I didn't send it through registered post, but the neighbour has contacted the fencing...

The neighbour had indicated in a conversation that he would be erecting the retaining wall late in December, so I trusted that he would 'do the right thing' and keep his word. As it turns out, he hasn't done the right thing. He did have the materials delivered to site and posts marked out...

Hi, Thanks for your advice. I will take that on board. Fortunately it was just a verbal agreement with the tenant's, as I thought this would be a reasonable assumption that the fence would be completed within this time frame. Also, the neighbour had seemed reasonable up until this point...

I have a neighbour who has done a site cut on his block up to the boundary between my block and his block. The neighbours block sits a fair bit lower than my block, so there is a vertical drop of up to 6ft at its deepest point. Anyway, my issue is that in order to erect a fence between...

Hi, Unfortunately, the new builds that I have completed in the past have been in locations outside of Melbourne, So currently I do not have a reliable contact in Melbourne. The area's that I have been looking around include: North Melbourne (I currently have one IP here), West melbourne...

I am considering purchasing a warehouse shell (i.e. new 3/4 story townhouse shell) in Melbourne inner suburbs as an investment. I have had some experience with new builds having completed 5 new builds in the past, with the most recent being last year, but have not had any experience with...

Okay, my loans are all IO, but on a variable interest rate. So, I guess all I can go off is the current rate and re-submit the variation if this changes down the track. Thanks for you help!

Hi Rixter, You mentioned above that you go off the previous years expenses. Do you work out the interest portion of your investment loans based on your current interest rate, or do you just go off last years interest? Also, do you include water rates and any mortgage fees. I noticed that...

Excellent, I wasn't aware this was possible. This will be my first time submitting an ITWV, so I wasn't sure how the process worked. Thanks for your help!

Hi, What do other forumites tend to do when submiting the ITVW with regard to declaring income. My partner and I are payed penalties on top of our base salary, and also tend to do a lot of overtime, which means our salaries can vary greatly from year to year. Should we just quote our...