Recent content by sydsider

I'm hoping someone can tell me if this will work. One of my loan is likely to be 'contaminated' and I'm trying to fix it. I'll use easier figures rather than actual figures here. Loan amount $500,000 part of the loan that's contaminated and hence not deductible $100,000 I was told I should...

Thought I would share this with all of you: I walked into a St George branch today inquiring about pre-approval for a new loan and the loan officer gave me 1% off the standard variable rate just like that. I was a bit shocked to be honest. I asked if she can give me the same discount on my...

What happens if you redraw the money into an offset account where your rent is deposited but is also a personal transaction account. Would you lose the tax deductibility of the money even if the money is traceable to another investment property?

You can still do it in the middle of the year. Just did mine last week due to sheer laziness.:p If you want to be safe always overstate your income and understate your deduction slightly. I was told there's a margin of error of 10% so if the final income you declared on the PAYG variation is...

Did some search for my 2 bedroom Ultimo apartment when the lease was up for renewal two months ago. I would say the average asking rent was up by at least $50 compared to a year ago and the vacancy rate was definitely low. Keep in mind though a new apartment block was recently completely on...

Tillie has your valuation come down in later years? Logic says it should when other neighbours sell their house for a lessor amount but knowing those money gauging councils I'm not too optimistic. I did some research on the Sold section of realestate.com.au and domain.com.au Only one...

Just received new rates notice for my IP in SA and nearly fell out of my chair after reading the valuation the rates are based on. My block is just under 300sqm in the northern Adelaide suburb of Elizabeth East. It's a low socio-economic area and the market is not doing all that well as far...

Here's an update on the issue. PM contacted BC and was told (in writing) BC is only responsible for fixing the leakage and if the leakage has caused a hole in the ceiling they would fix the hole but they do not cover the cost of repainting the ceiling, with or without a hole! PM also said...

Just got an email from PM this morning and apparently there was some sort of water leak from upstairs which has since been fixed but has left a water stain on my ceiling. This is what she wrote: "A while ago there was a water leak coming down from upstairs (through the manhole in the...

I purchased landlord insurance from Terri Scheer for my properties based on the many good feedbacks on SS. Fortunately I haven't had to make any claims from them, but I have made two claims from Allianz for relatively small amounts and they were pretty good on both occasions. My main concern...

that's pretty generous, although ideally you need some contents cover for carpet and blinds, or just have floorboards in your case as that's covered under building, not sure what to do about blinds, ask tenant to BYO? :p I copied this from Allianz, "Theft by tenant If you have this cover...

Hi Building Blocks I think Allianz offers slightly more generous landlord policy, e.g. you can apply your bond money to cover uninsured expenses and only the remainder (if any) would be deducted from the insured covered. I also noticed NRMA has a lot sub-clauses too. Just some food for...

Called Allianz, the guy said something along the lines of contents cover is in-built/complimentary so can't be removed. Will try calling again tmr, might get a different answer then? In case anyone is contemplating something similar to my option 2, building cover only + Terri Scheer landlord...

I currently have an Allianz landlord policy that covers building + 10k worth of contents, but I opted out of rent default cover and instead took out an additional Terri Scheer Landlord preferred policy which covers rent default + contents. I think I was a bit confused when I took out the...

My insurance is up for renewal shortly and I wanted to make sure I've got the right types of cover. I currently have Landlord insurance with Allianz for the building even though it also has $10k worth of contents cover. I also have Landlord Preferred Policy with Terri Scheer for rent default...