are the smaller loans line of credits? If they are not, that may be why they just drew them down and chucked them in the offset. someone can correct me if i'm wrong but if this is the case you would want individual offsets against each small loan.
Get on the phone to them and tell them that they incorrectly drew down the loans at settlement and you want it fixed. They did the same thing to me a few months back. It was painful to fix (many phone calls) eventually my broker sorted it out.
I'm in the same position. Paying P&I with an offset. I'm about to change to IO. the main reason for this is our repayments are calculated on the entire balance of the loan. This is resulting in the principle loan being paid down at a rate of about $500 per month. I'd rather have the offset...
When I did my subdivision, I pulled down sheds myself and took them to a metal recycler. they were old though. I doubt anyone would have wanted them. If they are newer colorbond ones you could put them in the local paper.
Something to cast a thought to also. Do you have siblings? how are they going to feel about the 50-60k gift you will be getting - even though you will be helping your parents out. Especially if they wouldn't have too much trouble getting market value through a conventional sale.
Interesting topic for the coffee lounge!
Does it have a plastic cover? if it does, they usually only have a couple screws holding them on. take it off and see if you have access. If the handle is rubber, they usually slide off exposing the button.
there is an article in this months API mag about this. Im not sure the solution of just upping the rent would be the right move.. what if the tenant uses copious amounts of power? I think it would be better to writ into the lease the you will provide xx amount kwh and any excess is to be paid by...
If you are not going to get an immediate benefit from capitalizing the interest (because you have no PPOR debt), why not acquire a few more IPs to reduce your tax bill?
Hi Lee
I was in a similar position to you a few months ago, except I didnt have a significant tree in the road. I opted to pay the extra to SA water for sewerage extension and go with the torrens title. for my block it is costing just under 12k and I think that the cost without a large...
yes I figured that much, just pointing it out as it is interesting that they would say that a valuation is fro their purposes only then offer their affiliate valuer to do a valuation..
thanks Steve! on another note, I received a letter from cba last month with a couple of changes to the contract, they were changes to the wording of clauses. one of those was that the valuation done by the bank were for their purposes only..
I guess the appeal of a corner block (and the reason I bought one) is the potential to subdivide a property without having to demolish the existing house provided the backyard is big enough.
I dont think so.
are you looking at it from a buyers or sellers point of view?
as a buyer it would be more important for the numbers to stack up. i.e. the realized equity after the subdivide.
IMO separate driveways would not give a hell of a lot more appeal than joint. in most cases you could...