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Hi Redom and other brokers Have you been seeing many IO extension requests being knocked back? I would have thiought If banks (especially the big ones) start knocking back IO extension requests for investors, it will require a massive rethink of strategies for a great majority of the 1.8...

My understanding is that Tapatalk is free for forums like Somersoft to join. Also, all of you who don't want to use Tapatalk and continue to use the mobile / website can continue to do so. There will be no change to the actual site. Tapatalk just needs an activation of a plugin and for...

Hi Terry Thank you for your reply. The monies involved are not huge (approx $200K). Agree with using borrowed money before using own cash. However, there might not be enough equity to pull from our existing IP. What sort of tax strategies and asset protection should I be thinking about?

Hi Terry What should I consider whether is a good idea or not? The cash gift being put aside offsetting our PPOR loan? We anticipate drawing down on that cash through debt recycling to buy more investment properties.

Hi everybody My parents are selling an investment property overseas and providing me with a cash gift. They will pay capital gains tax on the sale of the property overseas (approximately 20.6 %) and will send the cash to me in Australia via electronic transfer. I anticipate stashing the...

My property was damaged in yesterday's storm. I have started a thread here about that: http://somersoft.com/forums/showthread.php?t=108132

I own an investment property in lower Hunter Valley, NSW. During the rain and cyclone-like conditions that happened over the last 2 days, the rather large gum tree in my backyard has been uprooted. While falling, it has apparently clipped the a bedroom of the house and the sunroom and most of it...

your money, your call I see it listed on the Sky News website too. However, I can't seem to find it when I search using the Apple "Podcasts" app. Do you have a link?

I am a huge fan of Tapatalk. Most people who have used Tapatalk will agree that it is extremely good to use on an iPad or similar tablet device. Has no bearing on how the Forum looks and appears to other users who prefer to view it on a browser, be it on a laptop/PC or on a mobile device...

Online library? Where do you find one of these? Do you have some links for a good Australian online library?

Agree, I have bought the odd issue and tried to use it recently. it was horrendous. Won't be buying that magazine anytime soon.

I am applying for a visa for my wife (Australian Permanent Resident) for us to travel to New Caledonia on a cruise ship. I am an Australian and do not require a visa. One of the visa requirement is: Evidence of sufficient financial resources: recent bank statement (credit card statement not...

$350 p/h I have been quoted $350 per hour (consultation) plus a 'reduced' hourly fee to file our tax return this year. We have 1 IP, two personal returns. I have been told that it usually takes a two hour consultation the first time. Is it me or is this ludicrously expensive. Even for...

We have a property in Metford. No complaints at all. Great tenants so far and a healthy yield. The two times I have been up there, I was impressed with the location, closeness to transport and shopping etc. Hope that helps.

I will make it if it is a weekday evening. Weekends are strictly for relaxation with the family. Thanks for organizing it though.

I don't think they have moved the preservation age for super from 60 to the best of my knowledge. I know that the Henry Tax review suggested aligning it to the pension age but the government decided against that reccommendation. There are many (even on this forum) who believe that it will happen...

Brian Tracy has written a new book on negotiation. I just saw that it was on Amazon. Not sure if his style is to your taste, but just saying.

Thanks Sim.

That is a good tip. Thank you redwing.

Printable version only shows one page. I was hoping that we could have something that converts the entire thread (with multiple pages) into one printable page, perhaps.