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I have a friend (who is a lurker here and won’t ask her own questions) who has a situation with an IP so I thought I would ask a question on her behalf. She purchased an IP last year and put up 20% of her own cash as deposit plus the associated costs and borrowed the remaining 80%. She did...

http://www.smh.com.au/articles/2003/09/28/1064687670782.html This is a good article care of the Sydney Morning Herald. To me it shows how these kinds of figures have to be taken in the same way that capital growth figures should be - with a huge grain of salt and some intelligent...

I have a question about buying investment property in New Zealand and the entity that should own it to maximise the tax benefits. I have 3 choices as I see it. I can buy in my personal name, my Aussie family trust or a NZ family trust. I am an Aussie resident for tax purposes and have no...

When I bought an apartment last year I got a quantity survey report done immediately and then ripped everything out and renovated it. Using the original QS report I scrapped the remaining value of the items I replaced during the reno (ie oven, carpet etc.) in my 2001-2002 tax return. Now I need...

I have a friend who is going through a divorce at the moment and his soon-to-be ex-wife wants to sell their IP and spend the cash. We used to work together and he must have absorbed all my ranting about how good property is so he would like to hold onto the asset. He is trying to come up with...

The populous answer to this one would be ‘never’!!! However, I am being serious. The reason I ask is my folks are planning a trip to Adelaide some time soon and were wondering what time of year is a good time to visit. I know there are a number of Adelaidians lurking around here so I thought...

Hi, I'm about to redo the front of my PPOR as it was last done 12 years ago and is WAY out of date. One problem I have is I was going to change the detail colour of the bars and security door (inner Sydney terrace you understand) but the door is powder coated. Can I paint this and if...

I’ve just had a call from one of my tenants who has informed me that she wants to move out however her lease isn’t up until mid-January. Because of this she has offered to advertise for a replacement tenant now, show them the apartment and take applications all at her cost. In return she has...

From: Owen . Here’s something I’ve been thinking about for a bit. The golden rules say “never cross-collaterise the security on your loans”. I have no problems with this for the reasons many people have listed before. So, say I have 3 IP’s each worth $100k that each have 80% LVR 3-year fixed...

From: Owen . And I'm sure the government didn't expect this... ;0) http://afr.com/property/2002/09/18/FFX6M4BP66D.html Owen "Gambling promises the poor what property performs for the rich – something for nothing"

From: Owen . I've been offered a commercial property but I have no experience with commercial so I thought I would ask those in the know what other things I should looking at or asking about. The deal is a small retail outlet in a large complex in Sydney operating as a hairdressing salon...

From: Owen . Hi, I have some friends who are in the process of buying their first IP and they were splitting the title 99%-1% in favour of the higher earner. The higher earner was just made redundant yesterday and they settle next week. How does that suck for timing!!! They are trying to...

From: Owen . Just a quick question for everyone. If someone has claimed the FHOG and then sells their home 9 or 10 months later, do they have to pay it back? I've checked the FHOG document and it doesn't mention anything about it. Just that you have to move in within the first 12 months...

From: Owen . I just had an idea. Say I own my PPOR (#1) freehold and want to buy another one to live in (#2) and turn #1 into an IP. If I borrow against #1 to buy #2 then the interest on the loan is NOT claimable because the use of the money is for my PPOR, not investment. So I end up with a...

From: Owen . I got this from today's Sydney Morning Herald. It's a good perspective on who is and who isn't going to be effected by the interest rate rises. I can't wait until it takes effect. http://www.smh.com.au/articles/2002/06/11/1022982846139.html Owen "Gambling promises the poor what...

From: Owen . I'm just finishing a cosmetic renovation on an apartment a-la Michael Croft/Geoff Doidge/Peter Spann with the intention of selling it. I've just called my conveyancer to organise a contract and he asked if I had spent more than $4000 on the reno and done the work myself. If I had...

From: Owen . I've had a bit of search though all the forums but can't find a reference to Harwood Pacific. I'm sure they have been discussed before but can I ask again if anyone has any opinion of them? My in-laws in NZ are interested in investing with them and they are promising 15 year...

From: Owen . This courtesy of the Fin Review for all the Queensland OTP investors. Maybe the cleanup is underway. --------------------------------------------- Victory in marketing scam Mar 8 Kathy Mac Dermott Hundreds of victims of two-tier marketing scams were given hope of clawing back...

From: Owen . Hi, An English mate sent me this link from one of his share forums (an excellent one too). It is a discussion on the UK property market which is going through the same thing as our markets are, high prices, low interest rates, the herd buying what they call BTL properties (Buy to...

From: Owen . I just got emailed this and thought some of you may appreciate it. Pretty clever really. --------------------------------------------- Actual letter sent to a bank in the United States. The Bank thought it amusing enough to publish in the New York Times. Dear Sir: I am...