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I am running at 66% LVR ($1m loans to $1.5m value) and want to withdraw some equity for the next IP deposit so that I can keep my offset savings ($30k) as a buffer. We have $3k per month to service our next IP. I want to buy a $300k IP which would mean accessing $60k of equity (assuming 80%...

I'm debating whether to make a voluntary contribution of $1k into my super for the co-contribution. I earned $30k gross this financial year but had $40k rental income (and $40k deductions). If I owned the IPs on my own, my assessable income would be $70k so I wouldn't be eligible for the...

Hi all, My cousin would like a quick yes/no answer as to whether it's the solicitor's fault if, after buying a strata titled apartment, the strata levies were in arrears by $5k and this was NOT adjusted for at settlement. Needless to say, he's a little peeved at having to fork out $5k...

Apologies if anyone thinks this is a duplicate thread - I'm aware that there is a similar one in Property Finance but my situation is slightly different. We have quite accumulated some savings and we will be buying IP #1 soon! We have enough deposit to buy IP #1 on a 80% LVR loan. In fact...

I'm sure you've heard of the phrase "buying low, selling high". I've recently noticed that a few apartments are selling for around their 2002-2003 price. Makes me feel a bit sorry for their owners because they didn't see any capital gain for 6-7 years, I guess they obviously "bought high"...

We have spotted a pretty decent IP, should be able to buy for around $750k, being rented out at $900 per week. That's pretty rare, isn't it? I believe normally a $750k property can only be rented out around $650 pw. This would be our 1st IP. We have 20% deposit for this IP, plus a buffer...

Hi SS'ers, Spotted a great property and emailed the agent to ask for the inspection times. The response was: "Sorry, this property is under negotiation" Surely if contracts aren't exchanged yet, we can still go and view it and perhaps offer a higher amount than the other party? Why...

Hi SS'ers Would appreciate a few thoughts on our current circumstances - suffering from paralysis by over-analysis! Additionally am still getting over the stress of recently buying our PPOR (major hassles and a HUGE lawyers bill), so I wonder if I'm ready for IP #1 less than 1 year later...

It's a long shot, but does anyone know a good glazier in Sydney? We engaged a shutter company to fix some broken shutters but they cracked some glass in the process... Would be very grateful for recommendations!

http://www.smh.com.au/national/they-paid-for-a-harbour-view-but-face-a-wall-of-indifference-20090721-ds49.html Thoughts?

Previous rate & comparison rate: 1 year 5.19% pa 5.97% pa* 2 year 5.19% pa 5.90% pa* 3 year 5.39% pa 5.90% pa* 4 year 6.29% pa 6.18% pa* 5 year 6.29% pa 6.21% pa* 7 year 6.99% pa 6.66% pa* 10 year 6.99% pa 6.83% pa* Current rate (and comparison rate) 1 year 5.39% pa 5.90% pa* 2...

My gripe of the day: a 1 bedroom apartment is NOT the same as a studio!! So many studios are turning up in my domain search for a 1 br IP... eg. http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007512191&ts=1 I wish the REAs would stop listing studios as having 1 bedroom!!

So, I read through all the SS threads on locksmiths (some useful stuff on rekeying there, etc). But I was wondering if anyone had a recommendation for a locksmith in Sydney's inner west. The job is fairly simple - replacing 2 existing deadlocks with ones that can open from the inside without a...

My parents want to sell their IP for about $330k and funnily enough I am looking to buy one between $300k - $400k. What advantages/disadvantages would there be if I bought their IP? Advantages - less hassle for both parties, should be a smooth transaction - less $$ spent on solicitors...

Hi SS'ers, I'm looking for a new home + contents insurer for my PPOR (my current one is too expensive for the level of cover provided). I did a search but thought I'd start a new thread as most threads are on LL insurance. I'm looking for a fairly low level of insurance (building = $240k...

Hi everyone, We're in Sydney and are upgrading our couch... ideally to a leather corner lounge that can seat about 6 people. Only problem is that our budget is about $2000. (we went into a store yesterday where prices started at $5000!!) As couch shopping is one of those things we do...

Hi there, I know this is a property forum so topics are, of course, geared more towards property. However I'm just wondering about people's overall approach to investing (ie. direct share investments, investment funds, super) in addition to property. I've always been a fan of not...