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The Greens resist development that creates the supply that would lower rents and house prices? So they're fixing up their own problem?? For high prices, especially in Syd, I blame Nimbys and Councils (nothing new here)

Hi all Query regarding an older 2 level house in Redcliffe Qld, Moreton Shire Council. It has a seperate flat under. Its unlikely to have a DA in place for the flat that was put in probably 25 years ago. How would this effect insurance that as generally council approval is required. Any...

ok, thanks! Is refinancing using a different lender still ok?

Hi All What if you make a quick purchase of an investment property using money from your PPR?s LOC. Could you soon after refinance with say a fixed loan without losing the deductibility of the new fixed loan? ie you obtain a new loan and the money is used to pay back your LOC account. Is...

If you studied pharmacy, work in pharmacy. Don't lose what you've worked for. Do the property part-time for the first few years. Continue study of property fundamentals and buying and owning will build your knowledge. Maybe a valuation/building course in a few years to extend and formalise your...

I reckon the Barangaroo development including the headland park will boost Millers Point's liveability

Thank you gents, good advice. I initially asked the ATO and they could only suggest a private ruling. So I might go for that as a you remote chance, they said their decision is a 28 day turnaround. Of suppose I could now just set up an LOC on this property, and buy another cheapie?:eek:

What about Valuation? Your experience would help and has a bit of maths (in commercial).

Hi All A couple of months ago I bought a cheap regional renovators delight. I paid 20% from my PPR LOC and had intended to borrow the remaining 80%. However the property was in such poor condition the discount lender's insurer knocked it back (should have used a broker!). So I had to pay the...

Thanks Gents, good information. Goes to complexity of tax accounting that there isn't one best way to do something that happens every day of the week

Guys To ensure tax deductibility how is the money actually transferred from our bank to the sellers (say a line of credit is set up against equity in the PPR to borrow for an investment)? In my case I'm setting up a line of credit to borrow the deposit only with one bank (via equity in the...

You would typicaly negotate an upfront one-off payment to agree a new easement. It's not like a licence where you're paid an ongoing fee.

Gents Thanks for the detailed replies. As an aside, I was holding off closing out the original loan on the PPR as it has additional repayments that can be withdrawn any time. I contacted the ATO to quiz whether this money could be used as a deposit for an investment property AND be tax...

Hi All Looking at strategies regarding purchasing investment properties using equity in the primary home as it is paid off. A lender has suggested to refinance the PPR and purchase 100% of the first 1 or 2 investment properties, rather than the usually 20% of the refinance loan and 80% of a...