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I read if someone buys a home with a granny flat - and they live in the house but rent the flat out to someone, that they lose their capital gains tax exemption, and would have to pay land tax. Is that right!? (In NSW.) If this is correct, where can I look up these extra costs? And is...

Hello all. I was reading this page: http://experts.realestate.com.au/buying/buying-news-mixed-news-for-first-home-buyers ... discussing changes to payments for Victorian first homebuyers. I'm in NSW so they don't apply to me. But I noticed the following statement in the article...

Hello folks. I have a question regarding a possible long-term plan I have... I am considering purchasing a $390,000 PPoR. While I live there, I would rent one room to a border. I expect to fully repay the loan in about 6 years. If I then buy a second PPoR, move out of the first...

Some of you may remember me, I posted in here back in December. I receive a disability pension and my wife a carer pension. We have saved a huge deposit (about $186,000 currently) and want to buy our first PPoR. In that old thread (www.somersoft.com/forums/showthread.php?t=48351), it was...

My wife & I are hoping to purchase our first PPoR. We're on Centrelink payments, and have (casually) approached Westpac & St George recently - just to get some ballpark amounts, as to the amount/s we qualify to borrow. The results were pretty pityful (as expected). So we definitely will be...

Hi folks... I was just comparing infochoice.com listed loans. One loan (State Custodians Breathe Easy Home Loan) shows: * Mortgage Offset Available (this has a green tick) * Mortgage Offset 100% (has a red cross) Does this mean only part of the amount (or a reduced percentage) of cash...

I'm on a disability pension and my wife is my carer. We have saved a large deposit and are about to start looking for our first property purchase (PPoR). I was about to request our credit reports to check there's nothing in them to hinder us getting a loan. (Goodness knows we'll have enough...

I've been considering taking out a "MyRate - Advantage Rate Loan" (PPoR) with www.myrate.com.au @ 5.03%. (The RAMS Basic Loan is 5.09%.) But last night I clicked on a RAMS web banner advert. It states I can get an extra 1% p.a. off their standard variable rate for the first two years (when...

Hello all. My wife & I: * Live in NSW * Have zero debt * Have no credit cards * Have $170,000 in savings * Qualify for the FHOG and no stamp duty * Have three children (6 months, 8 & 12 yrs) * I receive a Disability Support Pension and my wife a Carer Pension. Here's the list of...