Search results

  1. J

    Bank Account for trust

    I need to setup a couple of bank accounts for discretionary trusts (with corporate trustees). I use a Business Online Account from Peoples Choice Credit Union for some other trusts. This has: No account fees Unlimited BPAY and direct debits Unlimited internet transfers No branch...
  2. J

    How to Find QLD Assessed Land Valuation

    How would I find out the assessed land value of a property I am thinking of purchasing in QLD? In NSW I can get it from "http://www.valuergeneral.nsw.gov.au/your_land_value/land_value_search" by paying a small fee. Regards, Jason
  3. J

    QLD Land Tax for Trusts

    I was under the impression that trusts in QLD get their own land tax free threshold of $350k. I have seen it commented on Somersoft that this is a reason why when buying in QLD it could be worthwhile setting up each property bought in it's own trust. However, just came across this on the QLD...
  4. J

    Insurance Brokers

    Has anyone used an insurance broker? If so, do they do all your different forms of insurance? Have you found it worthwhile using the broker rather than direct? I currently have: Landlord insurance Building insurance Car insurance Professional indemnity and public liability for...
  5. J

    Which Bank/Product?

    Looking for some ideas of banks and loan products. I am after a product that will allow: 100% Offset account IO and Line of credit accounts Unlimited Redraw Loan splits Ability to easily move spare redraw from one split to another (so something like a global borrowing limit). Top up...
  6. J

    Cba cov

    What's the process and cost for CBA customer ordered vals? Has there been any recent changes - I recall people talking at free or $49 vals? On Wealth Package. Regards, Jason
  7. J

    LMI Purpose and Tax - Delay between finance and investment

    All, If I have a 80% loan currently secured on my PPOR for which the purpose was the PPOR, and then I do a top up to 90% (capitalizing LMI) to make funds available for investment purposes I think it could be reasonably argued that the LMI is an investment expenses as is only required for the...
  8. J

    Debt recycling - still possible?

    With the ATO crackdown on capitalizing of debt (with an aim to "pay off your home sooner"), what debt recycling is still possible? Say you had the following loans: PPOR loan $300k IP1a loan $130k (secured against PPOR) IP1b loan $430k (secured against IP1) IP2a loan $260k (secured...
  9. J

    Trust Structures

    Just bouncing around some ideas for structuring next purchases and looking for ideas before I talk to my professional advisers. Currently have: 1. Discretionary trust with corporate trustee - used for running business out of with significant profits distributed to beneficiaries each year...
  10. J

    CBA Assessment Rate

    Can any brokers tell me what the CBA assessment rate is currently? On MAV package with 0.95% discount currently (if that makes any difference). Thanks, Jason
  11. J

    Baby Names - Michaela or Makayla

    My wife and I are discussing names for our baby due any day now. One name we like (if it is girl) is "mih-KAY-lah" (phonetically spelled). One of our concerns is that the child will be forever having to spell it out. So wanted to do a snap poll - if someone told you there name was...
  12. J

    Termite damage

    I'm doing some renovations and have discovered what I suspect is termite damage in a wall. Initially I thought there was water damage to the gyprock so pulled some off to see what was going on and have discovered the studs to be falling apart (they crumble easily by hand). See the attached...
  13. J

    Recommended Builder Sydney Inner West

    Does anyone have any recommended Builders for Sydney (Inner West)? If so, could you please post or private message me their details? Thanks, Jason
  14. J

    Water tank installation

    To meet Basix requirements I need to get a 2000 litre water tank installed. Does anyone have recommendations for companies that do installation services? I guess I'm looking at leveling the surface (currently old pavers, but not very level), putting down reinforced concrete (or concrete...
  15. J

    Landlord Insurance for House + Granny Flat

    Getting quotes this morning for landlord insurance. Speaking to Terri Scheer they said that house + granny flat on separate leases requires two lots of landlord insurance (so in this case $351 x 2 = $702). Has anyone else come across this with other insurers or know if it is common policy...
  16. J

    CBA Online Loan Increase (Top up)

    Is anyone familiar with the CBA Online Loan top up facility? It claims you can apply and get a decision online within 15 minutes. The questions I have are: 1. What valuation does it use for your properties (say my loans are at 80% of the valuations when properties were purchased a few...
  17. J

    Deserted Properties

    There is a property near our house that is clearly deserted (smashed windows, front door left open, grass two feet high etc). We walk past it regularly and day dream about buying it and doing it up - would be lovely when done. Pricefinder tells me the sale history: $1,060,000...
  18. J

    Virtual Assistant

    Has anyone used a virtual assistant or virtual personal assistant to assist there small business ventures? If so, do you have any comments on the service and value for money you received? Any recommendations? I'm looking at using one to take some tasks off my plate. Thanks, Jason
  19. J

    Full Service Stock Broker

    Does anyone used a full service stock broker? If so, do you have any good or bad experiences to share? Looking at using shares to have a more balanced portfolio and although online brokers are cheap and trying to decide if I think a full service broker will add enough value to a DIY...
  20. J

    Dual income - legally possible?

    I am looking at purchasing semi in Burwood Council area (NSW). The layout of the house appears optimal to be allow it to be converted into a 2 bedroom house and 1 bedroom granny/flat unit allowing ample living space, a bathroom and a kitchen in each area. I say appears optimal in that there is...
Back
Top