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Hi All, I am currently refinancing my loan, unlocking equity So my loan would be 400K (tied against PPR). Variable P&I loan with offset And cash out amount would be 100K. This would be used to buy investment property in future. My question is what's the best way to structure this...

Hi, Scenario for a friend : Appl 1: full time income of 59k plus super Appl 2: spouse working casually , current job only 15days old and prev job was for 5 months, even prev role was casual First home buyers , seeking to borrow 350k for prop purchase of 420k Can spouse income be considered...

hi All, I have a couple at my workplace looking for finance. They have TR visa (temporary resident visa) and PR (Permanent resident visa) is expected in 6 months. Can they get finance from the banks or credit unions? If yes is it common to get loan from Big 4 banks?

Hi All, I am planning to open a pizza shop with a friend of mine. My friend currently has a retail business and I have an IT job, so business is completely new to me. Details: Below are the approx set up costs: 1 Oven 25,000 2 Canopy 8,000 3 Banbury 2,000 4 Gas Connection 2,000 5...

Hi, My friend is buying an existing business (has put an offer and his offer has been accepted) He needs some cash injection to help him with the purchase price. I am considering an option to help him out and provide some cash relief to him What should I be considering? Loan...

Hi All, I am planning to head down to Singapore for 1 week break. (early next month) I would like to seek people's opinion who have been there for a holiday Attractions, discount coupons, travel ideas, bring it on SS forum travellers.

Hi All, This is my first post in this section. I have a friend who is running a retail businesss (he is currently leasing this place and pays approx 5K rent each month), however this shop is now small for his liking and he is looking to move out and lease a bigger shop. (approx 4 times bigger...

Hi All, Has anyone has any exp of owning a franchise? it could be anything like: -gloria jeans coffee -Boost juice bars - Vendys ice cream -Car wash - Any petrol/gas station What does one need to look into? How does any one go about finding which one suits your circumstances...

http://www.theage.com.au/victoria/housing-glut-hits-suburbs-20120707-21o6k.html Is Melbourne completely a write off for the next 2-3 years. Gov is insane releasing more land and redefining urban growth boundary. Article states Melb has land supply for 30 years. So does that mean it...

Hi All, My friend a FHB is looking for a new townhouse and recently visited a branch and the banker told him that he can borrow: 95% of the purchase price + SD + LMI Is this true? I think FHB can borrow only 95% of the purchase price and remaining costs need to be paid by the buyer...

Hi All, I am a high income earner and my partner is not. I have an IP under my name and its negatively geared,so I get some sort of deductions through negative gearing. I also voluntarily contribute to my super fund to minimise my tax obligation. I also pre-pay expenses in full (like...

hi All, Inspired by the members inclination towards Bendigo as investment spot, I decided to checkout the place myself on the weekend. Lined up some inspections on Sat and drove to Bendigo from Melb (130 kms one way). Inspected 6-7 houses on Sat and one agent suggested since I am visitng...

Hi All, I have been reading Rental Properties ATO Tax guide but still not sure of below items , as to what is deductible straightaway, or over a period of time say 5 years or forms part of cost base 1) Interest in advance: Prop been rented for 3 months in a financial year because it was...

Hi All, I could hear some noise in my roof (in my dining area). I am thinking its rat or a possum Quickly went down to Bunnings and got a 'Advanced Pest Repeller'. It has ultrasonic and electromagnetic feature which should drive pests away from home. Has anybody used it before? you just...

Hi all, With melb weather getting bad each day... I am thinking of replacing my old gutters , cannot withstand mad rush of rains everyday.. Also I have noticed that roof has started leaking.. Any ideas on costs for replacing gutters for a single story 3 bedroom house? Also costs on...

Hi SS Forumites, I am planning to do my first sub division; need advice as to whether its feasible and if it is what logical steps I should take Current situation: block size: 605 sq m Council: Brimbank City Council (Victoria) Type: Rectangular No overlay Attachment shows the...

Hi All, I have learnt a lot from SS forums. It has given me motivation and will to build a portfolio: Current status: Brought a PPOR in 2008 for 285K (first home buyer, no stamp duty, gov grant covered it), currently valued by bank at 340K Got 1 more IP 3 months back (after lot of...

Hi All, Due to this wet weather in Melb, I have started to see bricks (closer to ground) start to loose mortar and its crumbling. I plan to fix it now rather than wait for it get worse. Impacted area would be 2-3 layers of bricks from the ground probably all around the house. Called a...

Hi All, I am in the process of changing my PPOR into IP (in the process of getting topup for my PPOR loan to get max tax deduction-would post this sep). I am also on the look out for tenants and plan to self manage my property. 1) Where do i look out for tenants? 2) Ref checks for them...

Hi All, I have gone through most of the threads, but couldnt find any thread or any post which talks about security features for a PPOR/IP. With number of burglaries on the rise and worse house being burgled with owner/tenant inside at the time of incident. Does any of you think that IP...