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    Question for the brokers...

    Hi all, I'm in a bit of a predicament and need some advice. Basically I've got a loan of approx 490k on my PPR with NAB on a choice package and IO 5 years. I initially got the loan through a broker just under 2 years ago and getting the IO option was not an issue. Now, I want to split the...
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    Where to find Acoustimat or ImpactaMat?

    I've made an equiry to the BC managers of an apartment I've just bought, regarding laying down floating timer floors. They have sent me their approval requirements and one of the things stated is that: "Timber flooring systems must have a minimum 5mm Acoustimat ® (dense rubber sound absorber)...
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    Signed contacts today - Settle after July 1st. Do I get the 20% Stamp Duty Saving?

    As the title says.. I've signed contracts for my first property recently and settlement is in July. Will I be eligible for the 20% stamp duty saving?
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    Is this normal?

    Been looking at an apartment which went on the market just over a week ago. Auction is on the 16th April and the contract is still not ready. Is it normal to leave it so late? The agents explicitly said the vendor was not taking prior offers (could be cause they knew it was going take so long...
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    What is an extra bathroom worth?

    Hi All, I need some advice. I am looking at a 2 bedroom 2 bathroom apartment in Sth Melbourne. This apartment has an ensuite (basic toiled, basin and shower) in the main bedroom. The same layout property one floor above just sold for $562k. This one had no extra bathroom (storage area...
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    Is this normal?

    Hi, I've just received the section 32 on a property I am interested in. On the first page it says the following: Is the highlighted part standard in VIC? If you wish to exercise your right during cooling off period to cancel the contract does, for example, a $1000 fee for a $500000...
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    IP buying, holding and selling costs and tax deductions

    Hi all, I've been searching for a comprehensive list of what is and what isn't tax deductable when it comes to buying, holding and selling IP but have not been able to find exactly what I want so I thought I'd post. I kinda know the answers to some but I'll post all possibilities anyway (i'm...
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    NAB and LMI...

    Hey all, Just a quick one regarding LMI. Was messing around with some online calculators to get an idea of LMI premiums. Now I know out of these three examples NAB does not capitalise LMI. But for a $550000 purchase price and 95% LVR CBA and WPC quoted in excess of $20k for LMI while NAB...
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    "First homebuyers boom is over"

    http://www.apimagazine.com.au/api-online/news/2009/06/first-homebuyers-boom-is-over
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    Claiming renovation expenses...

    Hi guys, I am contemplating purchasing a property in need of a little TLC that I will live in for 6 months (to claim the FHOG) and then turn it into an IP. During the time which I am living in it I will give it a bit of a reno (paint, carpets, maybe kitchen and bathroom etc). Now because...
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    Basic IP spreedsheet

    I've put together a basic spreedsheet that will calculate the costs of purchasing and holding an IP. I've tryed to keep is somewhat simplistic so I can load it on my phone and crunch the numbers while on the go. Note: I think it is somewhat conservative. It assumes 0% vacancy. Does not factor...
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    Urgent! How do I know if

    Urgent! How do I know if a property can be subdivided I've come across a property that I will be inspecting tomorrow. The property is a weatherboard 2brm + study on a 690m2 block. Somehow on domain.com.au I was able find out that it was sold back in OCT 08 for around 250-260k. The vendor claims...
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    Deposit using CC? Is this scenario possible?

    Hi All, First let me say I only use my credit card to buy online and automatically pay bills and I have never paid interest on a card ever. I always pay off a bill or purchase within days of making it and only use the card for convienience. I've seen the following method mentioned on here...
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    Would you be wary of this IP?

    Or could it be ok... http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007693200# The description appears to be one of those "too good to be true" deals. It appear as though this will be CF+ from day one and look good even though the rent increases are fixed. Is there a catch...
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    Definition of Unit

    This may sound like a silly question and forgive me if it is but what is the definition of a unit? I ask because I've found a nice property where the REA has called it a unit but it looks more like a small house to me. It's a 3 brm, it's not attached to anything else, completely fenced off...
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    Something is wrong with the SS Time?

    I'm not sure if only I am getting this but the time on this forum is all wrong. Right now it's 11:23 PM AEST but the forum reads 10:16PM AEST. Is it just me or does anyone else get this?
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    Would any of these be a good investment?

    Hi all Just trying to get a feel for what makes a good investment. Would you consider any of these a good investment? http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007680917 http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007670870...
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    MB recommendation required in Melbourne

    Can someone please recommend a good mortgage broker in Melbourne? I'm looking to buy my first property and would like to speak to a knowledgable MB who can advise me of whats available out there and help me find the right loan. Just as important they should have access to a large range of...
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    Would any body corp fee be applicable here?

    Just trying to get my head around when or where body corporate fees are applicable. Would either of these attract body corp fees? http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007626544# http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007637682# I assume the...
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    How is true financial independance acheived?

    I've got a newbie question... How is financial independance actually acheived through investing in property? From reading others stories and general info I have gathered from this forum and other sources I am slightly unclear of how this is really acheived (or I have missed something)...
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