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Hm...don't think so. The link talks about a May event. My wife saw a news story on a 8th. June (ish) event.

My wife saw a TV news item in the later part of this week (about thu/fri 9/10 June 2011) that reported on a property seminar with 5 'property gurus' which was held somewhere in South East Qld. She cannot remember where/what/who etc. The majority of them were very negative on the future of...

Ta - understood. But initially interested in what LVR banks offer.

Curently paying $17k PA on 40 sq.m. office space for my business. Been there 8 yrs. Thinking of purchasing about same size in big Melb CBD/St Kilda Rd building for approx $200k. You know the type. Lots of offices on same floor/common kitchenette/common gym and shower/ boardroom by the hour/ food...

Seems a lot hinges around the BAS. Um... what is the big deal about exaggerating some $s on the one you give the bank? Just be damn sure you don't default on the repayments and I do not see a problem. Pleeeeease - before you all come down hard on me with "that's illegal..." - well it's...

Gee..13 posts in 1 day and all of a sudden it's all quiet. Strange! :D

I just LOVE Somersoft forums. Was cruising here just before bed and discovered that at 57 I won't be too old to borrow for a few economic cycles yet. Goodnight all.

I do understand how OSR can *prove* you are renting it out. I was not asking that - sorry for ambiguity. My main thrust I guess is "how/what/who/why might *trigger* a 'please explain' notice from them". eg data matching from ATO when expenses claim put in with tax return. Does anyone...

Hi Simon, I am talking about Stamp Duty on IP vs PPOR, not FHOG.

Thinking of buying a long term IP in QLD as a PPOR to save many $s in Stamp Duty and staying there for say 3 to 6 months then renting. How does a state Govt. find out if income has been earned on a property?

Thanks very muchly

For IP renovation borrow say $50k, pay say $4000 pa interest, is the $4k an expense?

Ah I googled "Carly Crutchfileld" and nothing came up so I though it was an in joke. I see it's misspelt - but a name like Carly Crutchfield must be a joke anyway :) - must be a Spike Milligan creation from the Goons show surely.

OK I'll bite. Who is Carly Crutchfileld.

Yes exactly - control of asset plus time is absolutely everything. Thanks all.

Thanks Rob Did the same bank value it at $250k (that did the $320k) in order to purchase it? What i am getting at is - is it possible the original val was too low as no val is above the purchase price, only possibly below. Also how can one be reasonably sure that a reno will lift the val?

I saw in another thread/s somewhere yesterday that someone said (Propentuity maybe - sorry for the spelling) the buy/reno/sell model is very hard to make money with but the buy/reno/hold/get some money out model is good. Can someone with experience using this technique show some figures...

So the contract of sale (even though one does not fully own the property) is the instrument for on selling. Also get advice from solicitor BEFORE signing eh. Aside - I guess not much on selling occurs nowadays - mainly when market is hot - near the peak (ish) - I'm referring to off the plan.

I was just reading another post about buying off the plan (and the finance problems he was having) and wondered how one can sell something without fully owning it? When "buying off the plan" you normally put down say 10% and then cough up the 90% a year later say. So is it possible to sell...

No - the repayments were at the min. - but do have substantial money in offset account (about 40% of the loan outstanding - temporarily). Rolf L is my MB and has "asked the question" at Westpac - so we'll wait and see.