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I am a long term reader of the forum, but it is a time to ask a few question. I want to buy a IP in melbourne this year (probably 2nd half). Cannot afford more than 400K with stamp duty, land tax, LMI, strata fee etc. on top. I am realistic that at this price I can only get a unit or...

How does the council determine the value (in your rate notice) of a property and is there a relationship with market value. e.g. if a property had council value of 350k in 2008 and bought for 400k and in 2010 the new council value is 400k can you assume the market value to be at least 450K now ...

I have a PPOR bought at 390k and now valued at 440K. I have outstanding loan of 320k. I was thinking of fixing a part of it and at the same time refinance to get some equity and put it in the offset account for future investments. 80% of 440k is 352k so I should be be able to get 32k. But the...