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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...

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

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..

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...

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...

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...

I am looking to buy a new apartment in Meadowbank. Is this a good area for a one bedroom apartment for investment? Thanks, Pokka

Hi, We are first time home buyers and am looking to purchase an investment property in a new apartment in Sydney. With $7000 and no need to pay stamp duty, is it a good move to purchase a new one bedroom apartment worth $400,000 with $12,000 depreciation schedule in the first year? THanks...