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Hi, Need some advise from the wealth of experience in this forum. Current situation: Property value: $550k Loan: $395k Loan interest: 4.88% Loan repayments: $1660 per month Rental: $1900 per month Cash: $200k How do I calculate how much I need to put in my offset account to...

Thanks! I will have to talk more about it with my accountant then.

Yes that is correct! Thanks for putting in terms that everyone understands :)

No, I was renting it to a friend for a 'mate's rate' :) But I did claim some tax back in the last financial year for the 6 months rental..

Hi, I purchased an apartment 1 year 9 months ago and rented one of the bedrooms out for 6 months while I lived in the other for the entire time. I am in the process of selling this - will I need to pay CGT? If so, how do i calculate how much? Thanks in advance, Chuan

I have! Anyone know the price ranges of the homes? I'm a little worried about the location since there isn't any easy way to get to the train station and the traffic will get so much worse...

I think it is rising 9.29% to 9.79%....

Hi All, Just got a letter from Resimac stating that they will be raising the interest rate of our loan by 0.5%!!! How can this be?!?!? Is there anything I can do about this? Pokka..

TRUE, but it was NOT cancelled. And being the naturally greedy people that we are, of course we would want more. :)

"First home buyers will be eligible for the First Home Owners Boost from today (14 October, 2008). ALL CONTRACTS entered into by 30 June, 2009 will be eligible for this new additional assistance." http://www.pm.gov.au/media/Release/2008/media_release_0546.cfm

Bought my unit about 4 months ago now but haven't applied for the FHOG. Reading the news articles, it seems that as long as you purchase one before 30 June 2009 and have not yet receive a FHOG, then you are eligble... but I guess we'll have to wait for more details..

I was about to send in my application for the first home owners grant today!!! I guess I'll be postponing it now for the extra $7000K!

I spoke a customer service consultant from Resimac on Friday and asked if there is a possibility to negotiate any sort of reduction on my exit fees - her response was you should have read the contract and even if you speak to my supervisor, he will give you the same answer as I did. A little...

Thank you so much everyone for your advice/input!!!

Hi All, I'm just about to refinance my current two loans and both have exit fees. One in particular with Resimac has a ridiculous 3% exit fee which ends up being around $8500. This is in my contract. Just curious though, is there any way to negotiate this amount? My mortgage broker is...

Thanks for everyone's advice! I'll go look into CBA, thanks Jane!

Hi All, I have invested in a small studio apartment and taken a loan with Resimac and they are consistenly increasing the interest rate on their own.. now at 10.24%. I am trying to find another lender who can take over this loan with a lower interest rate of course but because it is a...

Ohh I see... I'm also just hoping that a new shopping centre does get built and replaces the flemington market.. that way increasing the property value of Homebush West... Anyone else have any ideas?

Hi All, As I was looking at an apartment in Homebush West near the Flemington Market, the property agent informed me that this is a good time to buy in this area because in a few years the Flemington Market is going to close down and reopened as a new Shopping Centre. Can anyone verify...

Hi, I have made an offer for a 2 bedroom apartment in Homebush West and the vendor has accepted. My mortgage broker is applying for an investment loan with ANZ for me and the bank's valuer has valued the property the same as the contract price which is great... however, the bank valuer has also...