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Battler, I am am sure you have already thought of this but I will through it out there anyway. If you subdived instead of dual occ then you should only have to pay stamp duty on the land for the new sud division if you leave the exisitng house in your name and put the new sub division in...

Hi Battler, Great post. Has the block been subdivied into 2 titles now? If the subdivision has not been completed yet can you then nomiante the wife for the title of the new block? What is the story with the stamp duty? Is stamp duty only payable for change of names. If this was the...

http://www.bantacs.com.au Hi JCat, Have you looked at http://www.bantacs.com.au web site at all. I have not used them but do read there newsletter and find it very interesting. Julie does post on SS and I believe they now have an office in Geelong. I would recomend doing a bit of...

Michael, Do you have any other links or info on this sort of option? I like this idea as a pretty cheap option that should have good rental return. I will have to have a talk to the council as to how they view this option. I am guessing they will treat it as a 2nd dwelling and need to...

August MIG Meeting So is there going to be a meeting tonight?? I am keen if there is a few intersted partys. Cheers Paul

I have been dealing with Homepath recently and the people I have been dealing with have been very quite at the moment. I have dealt with them a couple of years ago and they wanted hard copies of just about everything but now they are happy to have a lot of details emailed or faxed to them which...

Shouting everone meal has got to be cheaper than having to pay the tab at the bar>>:confused:

MIG Meeting Please add 1 for me to the booking. This will be my first meeting for MIG which should be good to have a chat face to face with like minded people. Cheers Paul

TT, I assume you are reading some of this stuff below from the guide to capital gians tax form the ATO. I agree with your statement being only exempt for 6 months of living in dwelling based on some of the info below and that will make a huge difference to your CGT. What I would think of...

Homepath is the lender. Yes you are correct they have struggled to understand what I want to do and I can not get a straight answer out of them for the min balance I need to keep when redrawing. As far as cross-collateralisation goes there will be 2 seperate loans with 2 different titlles...

Peter, A split was what I was going to do but have just found out that lender only offers a split if I pick a fixed interest period for part of the loan. Because the new loan is PPOR I did not want to fix that portion as it reduce my extra repayments and if I fixed the IP part I would need to...

Hello all SS, Can anyone offer any suggestions or comments on the below scenario? I am just about to refinance and want to use the extra funds to purchase further investments but need to swap loans about. Problem is mixing of funds. Loan A IO 191k (limit of 213k) Covers 2 IP's Loan B IO...

leverage Very good point. They are not geared or going anywhere but do have a safety buffer. $200k is not that big of a buffer if there is debt of $2mil I am very interesed on what other people use to calculate what buffere they keep to make sure they can hold onto property over bad...

Grossrealisation, Thankyou for the details. Yes I am still struggling to understand this after your simply description. I do not think I have the pain threshold or heart fot this but still would like to understand more about this type of lending. What is this type of finance called or what...

Can anyone explain this post in another way as I can not get my head around it? I can understand the resi stuff leverage Put in 40k bank will give 160k - 80% LVR But the rest of it I am lost - please help explain

Offset Account Offset account needs to be 100% offset. This could work like this. 120K I/O loan 20k Offset account Interest repayments would be 100 * 10% = 10k PA (Interset only paid on 100K beacuse offset account has 20K in it) How I would work if it was me wanting to do what you...

Morning Kim, Yes you are getting the basic idea of how this works. Just keep in mind that these are very basic figures that do not take into account costs such as stamp duty, rates, rental fees, body corp, insurance etc. But on the plus side assuming you are working and paying taxes you...

1. $250k * 10% = $25K pa (Of course this figure would change on laon amount and reduce with the amount of money in offset account) Rent $250pw = $13k pa Remainder ($25k -$13k) $12k or $1000 short fall a month. 2. Correct 3. Due to the fact that the laon account is only used for...

Chara, Once that is done i was planning to use the line of credit from the ip and transfer the remaining 95k (or what ever is available), and put it on our home loan....so we lower how much we owe on our home, so i can claim tax on the ip... In reply to your post with the line of credit...

Documnet management software Thanks Tracey, I had a bit of a google but I do procrastinate a bit much and was keen to get some feedback. Hopefully I can get myself a bit better organized now and get things into an electronic system.