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Hello, Just trying to get a better idea about travel expenses for rental properties. I have been under the impression you can only claim one trip per F/Y to your rental property if an agent manages it (which is a long way so includes airfares/hotels/hire car). However what about if you...

Hello, Has anyone seen any attempts to remove discretionary discounts people already have on their IP loans or push rates up for existing IP's any other way? Anything about higher fixed rates for IP vs PPOR if people want to fix existing IP loans? Cheers, Smallbuyer

I have a few questions about tax on residential investment properties I was hoping the experts here may be able to shed some light on. I have researched these quite a bit but I haven?t come to answers I?m 100% with: - Is it fine to have some Prime Cost and other Diminishing Value...

I was looking at getting a QS to do a depreciation schedule on a house in Bunbury. Does anyone have any suggestions on someone good to deal with their and the likely price. Will Perth QS's do this? Cheers SB

Hello, Anyone had an issue with plaster drying times in Perth area lately? Float and set type plaster on the internal walls. Its been three months and apparently still wet? This is on a new house. Smallbuyer

Hello, Has anyone had much luck challenging rates. Basically i have found out numerous houses in my area receive 50-100% more rent than my house but only pay 5-10% more in rates and the GRV is only about 10% higher. The problem is my GRV is roughly right based on my rent but obviously...

Hello, Just curious if anyone has any input about who is liable in this situation. Tenants decided to do some unauthorized plumbing in the bathroom (so they could attach a washing machine which they arent allowed to have) which caused a nasty leak causing damage in the unit their in but also...

Hello, Has anyone ever seen or heard an 80% lend getting requests for more docs from the LMI provider? Smallbuyer

Hello, My friend built a house in WA over 3 years ago and the builder didn't finish the house properly. Lucky my friend withheld some of the last payment until the house was finished (this is after handover). After 6 months and numerous, calls, emails and promises from the builder he gave...

Hello, I heard a few stories lately about brokers getting called by ASIC and asked to hand over a bunch of their files! Is their some sort of anti broker blitz going on? I hope they are doing the same thing to banks as i think brokers are more honest than banks (think Storm financial!)...

Hello, My strata unit in WA received water damage to the carpet due to a pipe in the wall bursting. Their was also some leakage into the unit below and the strata has advised it was a communal strata water pipe. The problem is they are saying i am responsible for the damage in my unit. The...

Hello, After reading this article and the comments the amount of whining, jealous complaining and essentially praying for people who have worked hard to fail is getting really ridiculous. http://www.smh.com.au/business/new-reality-owing-more-than-you-own-20111221-1p4l2.html I have...

Hello, My friend was telling about problems he was having. He was looking at getting a construction loan soon however when he rang up some banks (CBA, ST George, NAB and another one or two) he ran into a few problems with his rental income. He has a number of properties already but some he...

Hello, Has anyone encountered CBA's MISA offset account which claims it can offset from a fixed loan? My friend has one and i was trying to help him decipher it. On the website it is unclear how much it offsets on fixed rates. When he rang them he was confused and when i looked at his...

Hello, Just curious if anyone has (or knows anything about) claiming GST credits when they purchased a property and then deregistering after six years. My understanding is after six years you dont have to pay back any gst received back? Cheers Smallbuyer

Hello All, I was wondering if anyone has any experience with how having a margin loan effects ones loan serviceability? I have a margin loan which i owe about 30k but it has a limit of $100k. Are banks likely to count the whole limit like they do credit cards or will they count the...

....the loan automatically switches to a variable rate loan or something similar. Thats what i always thought however i had someone tell me just today that their lender made them do almost the equivalent of a new loan application (income checking and everything!!) just to have their loan keep...

Hello, I am curious if anyone has any experience with or knows anything about the following scenario. Party A purchases a block (say 60% total land) is charged gst and claims it back. Party B purchases the block next door (say 40% total land) at a later date from a non gst registered...

Hello, I am curious about the lodoc's that are on the market at the moment and peoples recent experiences getting them (or trying to). I am trying to gauge the true state of the lodoc market. Some banks say they do a 80% lodoc but I have heard they want bas's, tax returns, bank statements...

Hello, Does anyone know if the tax departments or banks can view your accounts online (like you view internet banking, transaction history and balances). Obviously banks can view your accounts with them i mean is their any way they can view your accounts with other banks? I know for...