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I was just about to accept a quote from WB but thought I would look on good old Somersoft before I did, just in case. I will get in touch to get more details? I have an NZ property, as well - anyone have referrals for depreciation schedules over there? Depreciator - I got in touch with...

Carefacer, Mick, Rolf - could either of you please help by providing a high level view of borrowing capacity? Happy to privately provide further details or have a phone chat. Regards

The LVR would be around 65%-75%.

Hi there - any of the finance specialists on the forum with experience structuring a loan on a bed and breakfast business with the premises as security? Borrowing capacity to take into account my personal income as well as the business profits. I would potentially consider using a part of the...

Jamie In my reading of TR 2000/2, redraw taken out form PPOR mortgage loan for IP purposes is tax deductible although with the on-going requirement to apportion future interest expense and any repayments between tax deductible and non-tax deductible. Could you please clarify? Terry I...

Interesting to see the responses on this. I can understand where they came from. Firstly, though, let me provide a bit of context as to why it appeared I 'jumped' on the negativity bandwagon. A number of circumstances seemed to point to a very bullish approach from this neighbour which left...

Your bait has been taken, Terry. Dropped you a PM.

Thanks Jamie. I will pick that up with my Bank. I should then be able to manage it as a top-up to my existing mortgage. Am I correct in thinking there is no avoiding that only half the interest on this tranche is 'mine' for tax deduction and the other half is my wife's?

I am a relatively recent arrival to Australia and I am looking to start my property portfolio with a purchase of an investment property and would welcome some advice. I am looking to fund the property from my redraw balance on my PPOR (this is sitting in my loan right now effectively as an...

I should add - I want to make a complaint against the builder with the appropriate licensing / governing body. Is NSW Fair Trading the place or is there a builders regulator of some sort?

The property is in NSW. Had a chat with the neighbour and they were surprised this had happened. Will speak with the builder tomorrow and see what their plans are. I am getting the feeling I am being fobbed off and in the not too distant future lawyers will need to get involved.

Hi, My neighbour is doing a reno on their property and have now brought down a part of the fence / wall between our properties without consultation or warning. While that's generally not a very nice thing to do I want to understand my legal position. The wall itself is a retaining wall and...

A mate of mine is exuberant about parking spaces as investments. I wanted to get feedback from anyone on this boards on this. Personally, my gut feel tells me no, but reasoning through I can come up with access to credit as the only major potential downside (do banks offer the same LVRs for...

London 1-bed, 20 mins on tube from the City. The yields are much higher than here c.7%. Interest rates much lower c.3%. Capital growth over last two years c.15%. Rent increased with every new tenancy. Fully managed by a local agent. With AUD near historic highs, would happily consider investing...

Thanks Terry. I heard it is also possible to enforce the contract through the courts - is that a viable option? What happens if the deposit is not paid back? What mechanism / recourse do I have? Have you dealt with serving notices before? I understand it's fairly technical and I don't...

Hi all, I bought at auction 6 weeks ago and last week was informed via my conveyancer that vendor can't settle to plan because of "issues with their Bank". In discussing options with my conveyancer I lost confidence that they know what they're doing so am now seeking recommendations for...

Happy ending Hey all, Just to close the loop on this one... So we got sight of the HSBC valuation and it was a shocker - it ignored sales data in the last 6 months where there's been an uptick. Rolf's free CBA valuation came through much closer to auction price, and while NAB matched the...

Thanks all for your quick responses. Very helpful. I will do exactly that, try two more lenders and see what comes out. The market in the area has been relatively thin (3-4 comparable sales in last 8 weeks) and there was a very quick sale on a property next door under the market value -...

Hi all, Just wondering how common is it that your lender values property bought at auction at 80% sales price? Just going through this with my bank after a weekend's purchase. At least three other people were bidding above the price the bank valued it at. Seems really odd as the bank loses...