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Hi I am looking at buying a 1 br unit in a 13-unit block in Darlinghurst The strata fees are approx: Admin $700 and Sinking $300 pq These sounded pretty high to me The strata report revealed that there is balance of $178000 in Admin and $93300 in sinking Does anyone have any idea...

Hi Has anyone heard of or used these guys http://sydneyaccountants.com/default.aspx Thinking of using them because of convenience - just across the road from my office - and their fees sound reasonable Any comments Thanks

Hi guys I bought my first investment property last month (yay!!! :)) and got a Tax depreciation report done on it. Then I did renovations like new carpet, new bathroom, lights etc. I then got a Tax depreciation report done again. I was expecting them to revise the old one, but instead...

Hi all I recall reading somewhere in this forum that you can't use LOC to pay credit card, even if the credit card was used to pay for something related to your investment, is that right? Is this seen as mixing investment and personal? Or is it OK as long as you can prove that the credit...

Hi guys Just been to a mortgage broker, I asked to have LOC set up against my current PPOR loan to fund deposit for new IP. After looking a few products, she recommended me: instead of LOC, to set up an Interest only loan with offset attached to it, she said it would work pretty much...

Hi guys I have about 50% equity in PPOR worth about 500K, and am looking to buy IP. My accountant told me to setup a LOC, say with 150K limit, and use some of it as deposit for the IP (plus expenses), and get another loan to cover the remainder. So for a 500K IP, draw 100K for deposit +...

Hi guys I have had this explained to me many times by different brokers but I still think I'm missing something... maybe I'm just dumb :confused: .. so can you guys tell me if I'm right.. Say I have PPOR worth 500K, and my loan balance is 250K. I'm told I could have 150K worth of LOC "to...

There have been a few discussions on Metropole services in Melbourne on other threads. Has anyone used their services in Sydney and have any comments? I am a newbie investor, thinking of using their services not only as BA but also as planner/coordinator between the accountants, solicitors...

Hi guys I have been reading that Brisbane has had the strongest growth over the past few years compared to other cities. However there are other opinions that the growth may have been too strong that it may mean that it is reaching the top of the cycle too quickly. I'm curious to hear...

Hi all Just curious of what people think of the impact of the Epping-Chatswood railway line currently under construction on the area. I was thinking this may be a good area to watch out for IP's since the train line should in theory make the area more in demand. However I heard in recent...

Hi I am looking to buy my first IP, and am considering to go through investment property planners. So far I have talked to two of them, ARPP (Australian Residential Property Planners) and a group called Love Property which is part of a bigger company called ARK financials. Has anyone had...