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One would think so - but with the economy a bit soft and unemployment on the rise the challenge is that raising IRs to avoid a boom may (will?) have a negative effect on the rest of the economy. As for capping LVRs - that's a pretty significant intervention - and therefore I think (but what do I...

This is not a D&G post - as someone with a PPOR and IPs in Sydney I have a vested interest in a strong market - but when the property bulls start to worry does this give any cause for concern...

Thanks for all for the input. Decisions! Am off to the UK for a month so will sit on the decision for now I think. If I could achieve 10%+ over the "offers over" price suggested by the agents I have been talking to then I would be very tempted to lock that in...

Hi all I have an IP (2 bed unit) in Sydney (lower north shore) that I am planning to sell within the next 12 months (cash needed for another venture). With clearance rates as high as they are, and the general "heat" in the market, should I take advantage of this and sell now? Or wait 9-12...

Interested to hear your views as I'm no expert when it comes to valuing a business! Isn't there an average multiple of earnings (say 2x) that would be a reasonable basis for a valuation? In this case business nets around $200k - but that does not include a wage to the owner. But assuming I run...

Between $5-600k

It would! What I meant though is that we would be looking to pay the loan portion off (ie $225k) in 3 years, and would be using anticipated income from other sources as well to do this

Thanks all for your responses! Approx 25% of the proposed sale price is stock. It's a niche retailer with a relatively large amount of repeat business from a good size customer base built up over the last 7-8 years. Agree that starting from scratch may be an option but has a different set...

Thanks for the info. Just to clarify though whether I release equity or sell a property the max I can raise is approx $200k - so there would be a $200+k shortfall - are you saying that there's no way to make up that shortfall via a bank loan? Cheers

Hi all, I am a longtime Somersoft lurker but very infrequent poster! I have a few questions around obtaining a bank loan to fund the purchase of an existing business – not sure where to start with this or who at a bank (pr perhaps a broker?) I should be talking to. You may be wondering why I...

Bump :) Anyone know about Warringah?

Hi all - anyone know whether Warringah council charges Section 94's?

Thanks for the info :)

Great news, thanks for that. The link via the Warringah council site to the draft LEP is currently inoperative, so I may need to go into council to take a look. Once I've looked at the plan to determine the zoning of the property that I am considering, is it then easy enough to determine whether...

Hi all - does anyone know whether it is possible to receive approval for a granny flat under the SEPP regs in Warringah council? Have heard that for some reason Warringah does not fall under the new SEPP, wondering whether that is correct :( :(

Costs and other considerations... Hi neK - have just read through this thread with great interest, as I am looking at purchasing a property that will allow me to add a granny flat and have a few questions (realise it's a while since you last posted to this thread but hoping you still monitor...

Thanks all for your replies :) Probably should have phrased my question a little better - what I was really trying to understand was whether the 50% deposit would help at all from a serviceability standpoint - which I think Steve has answered above. Next step would be to talk to a broker, but...

Hello all A quick question as to whether I have any options in this scenario... Currently have 2 IP's, and am at (or near) the limit of what I can currently borrow. Am considering the purchase of a unit (this will be my PPOR) - purchase price is approx. $500k - I can put in purchase costs...

I had exactly the same experience about a year ago - selling a high end car through carsales.com - a lady called and offered a similar type of deal. Sounded way too fishy - by all means follow up but personally set a swathe of alarm bells ringing!

Hi all - a question about rate lock fees (fee payable to lock in a fixed rate for 90 days) - would this be considered a deductible expense? This is for an existing IP loan...