Search results

Hi Jamie. I am buying a townhouse so I dont think a land title trf wont be applicable, am I correct? Yes I do agree there are many sides of the story, I am getting conflicting information from the bank, finance broker, and the solicitor. They are blaming each other. I heard from my finance...

Thanks. That's really good to know.

Hi All My settlement is on next Monday (today is Friday) and it is not still booked yet because my solicitor did not provide the requried forms to the bank so that they can instruct their solicitor to accept the settlement!!! I understand settlement things normally happen in the last...

Thanks All Hi Russell. I sent you a PM.

Hi all I have a home loan on PPOR with 100% offset, and try to work out how much extra repayment I should make in order to pay the least interest cost over the loan term. Just confused, saying if I have $2000 available fortnightly to make the loan repayment; Option 1: make minimum...

Hi all I have a 1 br unit to rent out near Brisbane City areas. I am considering to manage the IP by myself because I have only one IP and it is also part of a hotel building. Where do I start? I guess I need te get a rent valuation first. Does a PM or agent do it? Is there any...

Thanks I will definitely have a look. Do they also do the tradework as well not just selling carpets?

I think you just google some recognised retailers like carpet call then it will come up with some reviews from other people. It seems that most retailer do not have much quality control over subcontractors who do the actual job so it is something like a black box. Of course I can ask all...

Hi All I am looking to change upstrair carpet in my townhouse. Did some research and read many horrible stories :eek: Any recommendation on particular retailer and tradeaman, or advice on how I can approach? I am in Brisbane. TIA

Thanks All Going through T&C for my loan contract, I was really upset to see how much it is in favour of the bank. All I can read is that they can do whatever they want without my consent. Good to know that at least I can pay it out without penalty.

Hi Guys Is it standard that a loan contract says; 'Under this agreement, amount and type of fees and charges and when they are payable (including by imposing new fees and charges or changing the method of calculation of a fee or charge) may be changed without your consent' If I am bound...

Hi all I read that if you move out to a new home and rent out your previous main residence, it will reset CGT cost base (and acquistion date re 50% discount) at the first date when it became a rental. So (excuse me if I am asking a silly question) in terms of calculating CGT for a future...

http://somersoft.com/forums/showthread.php?t=78625 I think this thread eventually answers my question regarding refinance. I emailed a few accoutants about what they can offer and fee today but they didn't sound promising (one of them asked me back what PPOR stands for) So I was...

Wish I can do that, but unfortunately it is not mine but my bf's, and he is not that finance savvy....

Thanks to all for your answers. Hi Terry. We are in QLD. Any exemption applicable? As long as we use a market value (i.e. arm’s length value), I don’t think there will be any issue? Regarding your question in refinancing, I want to source fund for IP cost from a loan linked to the IP...

Two possible options? Hi again. So I came up with two options; # Spousal sale (1) My bf sells me 50% of his property (our PPOR at the moment but will become an IP. His outstanding loan on this property is $160k), appox 50%@$400k. (2) I get a separate loan of $160k to fund the...

Excuse my ignorance but if my bf will pay tax on the intrest income he gets from me, then the net tax effect will be nil even after he claims deduction on the interest payment to bank? (both at marginal rate?) I try to find a solution but it seems that there is no way we can use the loan he...

Thanks again - now I can see the difference. I really have to spank my bf :mad:

Thanks All. Just out of curiousity, so would it be different if my bf had an offset account in the first place and just move around the excess fund to my offset account?

Hi All I asked a question about financing my home the other day and now I have another one. My bf has a home loan which is for our PPOR (title under my bf), and I just signed a new contract (soley under my name). We will move into the new home and rent out my bf property. Unfortunately...