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    Subdivision 101 and Duplex

    Folks, Is there a subdivision and duplex construction 101 / primer anywhere on the forum ? When considering a subdivision and duplex build, what primary considerations are taken into account ? I know each council will have their own set of LEP. But I think in NSW, isnt each council...
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    IP LOC offsetting PPOR

    Folks, Can I do this..? Situation. 1. IP - Valued @ 545000K with a debt of 186K. LOC available of 250K. 2. PPOR - Valued @ over 900k with a debt of 230K. Can I draw down 230K LOC from IP and park it in an offset account aligned with PPOR ? Thereby I will not be paying...
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    Invo prop # 2

    Hello folks, Just after some advice on a step forward. Situation : Investment property - Older style house valued @ 500K in desirable part of Sydney. Rented out @ 420/week. Still Owing 245K. PPOR - 3 bedroom T'Hse in Sydney. Possible rental returns of 350/week. Still owing 260K...
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    Sunroom in townhouse

    Hello, I am after some tips on building a sunroom. I own a unit in a Townhouse complex in NSW. Each owner has exclusive use of backyard that is adjoined to their unit, although it is common property. I have permission in principle by all other strata owners to build this sunroom...
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    Next property

    Folks Formerly PPOR but now IP Valued conservatively @ $450000 owing $250000 Rented out @ $420/week to a good tenant. Formerly IP but now current home valued @ $350000 owing $318000. Now feel the need to move into a bigger house so will make current home into an IP too which can be...
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    PPOR to IP and IP to PPOR

    Folks, I am after some preliminary accounting advice on converting PPOR to IP and converting IP to PPOR. (I will seek a professional advice once new year begins) Background. PPOR bought in 2003 @ 395K (valued conservatively @ 420K now ) Initially borrowed 328K from CBA. Now owing 255K...
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    2 IPs and capitalising interest

    Currently I am living in PPOR. Valued @ $420K owing $255K Interest variable @ 5.54%. IP # 1 Bought @ $305K. Valued @ $350K. Rented out @ $340/week. Interest locked in @ 9.00% (ouch). We are thinking of making our PPOR as IP # 2 and renting it out @ $350/week on a loan owing $255K...
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    PPOH to IP to PPOH to IP..? Confused..

    Can someone show me the path to enlightenment..?? please...!!! Situation. Husband - Earning $80K Wife - Earning $35K 2 Kids under 8. Property / Loan Status. 1.Old ish PPOH @ Normanhurst.Conservatively self valued @ $420K atleast.(If rented out expected to get atleast $350/week)...
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    Breakout costs

    Folks, I am in a quandry..... Here is the current situation... In all my wisdom ( or lack of it ) I fixed my Invt loan @ 9.00%. I acknowledge I made a mistake. But now I feel I am missing on IR drop. (Typical human attitude) I have a few loans with CBA. 265K PPOR fixed @ 6.74 (maturing May...
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    Centrelink benefits

    Hi folks, I am trying to workout my centrelink entitlements (if any). Situation: My salary income 100000 Rental income 15000 (90% of IP) Rental expenses 28000 (90% of IP) Wife's salary income 6000 Rental income 1500 (10% of IP) Rental expenses 2800 (10% of IP) 2 kids under 8...
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    Better money / IP mgmt

    Folks, Seeking some advice on better way to manage money / investments.. Situation : PPOR worth about 420K. Owing 270K plus additional 63K LOC which was used to buy IP. IP bought with 260K loan and the LOC of 63K. Costs 10K/annum out of pocket to hold. Cash savings of 24K sitting in a...
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    Alternate Building technologies

    Folks, Looking at options towards building new or extending PPOR. I am ablebodied healthy 40 yr old male well capable of doing minor handyman jobs around house. Also have a few mates who can give me a hand. I feel (missus more than me) need for a better PPOR. I have been looking @...
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    How to increase rent..??

    Folks, Settling on our first IP soon...Phew..!!! & Yipee..!!! Already tenanted with a good tenant who keeps it immaculate Previous LL did`nt bother increasing rent since they were offloading. So tenant has had a good discount compared with current rents. Our PM has indicated to...
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    To lock or not to..ie the dollar question.

    Folks, Seeking a feedback from SSers... Soon to settle on our first IP..I have been quoted Std Var 8.74. I am inclined to lock it in for 5 yrs @ 8.95 instead. (peace of mind v/s cost argument) However 2,3,4 yr fixed are over 9%. So 5 yr fixed looks attractive. 1. What are the...
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    Removal of negative gearing

    Folks, I am not sure how wide spread this is...but there is a rising sentiment amongst pollies to remove negative gearing. :eek: Now we all know that would mean rising costs for for landlords and rents would skyrocket in short term / longterm.(Keating et al). But besides this scenario what...
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    How did this happen..??

    Folks, I am sure many of us here have read / seen a story about struggle street in Kellyville ridge where a house was bought for above $900K at the peak and repossesed / sold just recently for $550K..ouch..!!! When it was bought did'nt the bank do a valuation on the property ? If they did...
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    Loan under two names title holder one take 2

    Folks, I have asked this before...and I thought I had all the answers... once again seeking answers from beloved SS community.. Background..... 1. We have found an IP and we have applied for loan under two names to get max possible loan...(serviceability criteria...) IP...
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    Two loan applicants,one owner/investor - Tax treatment

    Hello, HELP needed...URGENTLY... Hubby and wife getting an LOC out of equity and using it as 20% to buy an IP. Bank lending 80%. Wife a homemaker and hubby a wage earner. Can they own the property in both names but then husband gets Maximum Tax benefit @ tax time...?? How does taxman...
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    Too good to be true..?? Or is it..??

    Folks, Found this on realestate and domain.. I don't know how I can shorten the URL..anyway here it is... http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104298310&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=96995945&s=qld&tm=1206737261 or try...
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    Has rent ever reduced..??

    G'day ...trying to learn from all the experienced people here... I am considering to buy my first Ip....based on expected rentals , I have worked out what my out of pocket expenses might be...all looks good. However if interest rates drop...I will have a lesser dent in oop expenses and I...
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