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Hi guys Just wondering if any of the big banks are doing 85% finance with no LMI? Thanks

Hi All, Just got a quick question and hope you wonderful people here on the forum can recommend me which suburbs to pick. Just want to buy a house, 3 bedder in the SE suburbs. What are your thoughts on Burwood / Clayton? or any other suburbs? For a rental property but potentially will...

Hi Guys Im based in Melbourne and will be moving up to sydney. Looking to buy a unit have about 350k 1 bedder, ideally would not want to pay strata or minimal, so a small block of units, using public transport close to train stations not too far from the CBD in a good location. I figure...

Hi Guys Quick question, I have 1 IP nearly all paid off, with the entire amount sitting in an offset account. I'm wishing to buy a 2nd IP and hopefully get an 85% no LMI loan, but I would need funds for the other 15% and stamp duty and other fees. Is there a unique way to get this funds...

Hi guys I have a old gas oven that is really tall built into the wall of my apartment. - if I want to remove and put a new one in. What is the cheapest you recommend that is for an IP. Does anyone have any recommendations and also who to contact that can remove an old oven out and install a...

Hi guys I'm hoping you all can help with your expert advice. I own an a top level apartment here in melbourne, and there was a burst dish washer hose which flooded my apartment and water leaked to the apartment below. I copped about $2300 fees for call outs, and water extraction etc all...

Hi guys my apartment got flooded! the carpets are a writeoff. I need to replace the carpets, im thinking vinyl flooring? as its an IP. Does anyone have expereince with timber look vinyl? regarding costs and anyone know a recommendation for a cheap company / installer in melbourne? thanks!

Hi guys I'm on a PAYG income, I was just wondering say I get a car allowance of 20k and 95% of my the car usage is for business related which would be a benefitial strategy taxwise. 1) I take 20k cash and buy a car and claim depreciation, gst refunds and associated costs running with the...

Hi guys I own a top story apartment and the plumbers have came and determined that from my balcony water is leaking from my top apartment down to the apartment below. Bodycorp are saying I have to pay to get it fixed ie remembraining, as its a private area. Is this right? i always thought body...

Hi guys, just got a quick question. say I had a PPOR initally a loan of $220k and I had paid off 74k thus 146k is owing. If this PPOR is now an investment property, now rented out, which i have topped up the loan to 288k, and used that 74k to purchase another investment property. I now have...

Hi Guys, Just have a quick question. I have $12,000 to play with, can I achieve much with renovating an apartment? assuming I have to pay labour as I dont have the technical skills. Such as if I buy things at auctions and online i'm guessing I have some cash for new flooring for...

Hi Guys Just after some finance tips. I currently have a property valued by the bank at 365k, with mortage owing of 102k. New apartment bought at 438k, I paid a 10% deposit in cash already. The bank gave me a loan of 418k + my existing loan = 520k, but in the contracts which I signed...

Hi Guys, Just wondering on the legal issues about this. I want to turn my 2bedroom apartment into 4 by putting plasterboards splitting the 2 bedrooms so its suitable for student accomodation. Essentially there will be enough room for a single bed, table and all. Do I have to inform...

Hi guys just wondering if i wanted to cut a few bricks out of a wall to open up the kitchen and lounge room do i need body corporate approval? as the wall is non load bearing? and if i wanted to lay timber look vinyl for the flooring i assume it should be ok? Cheers

hi guys i'm in the stages of purchasing my investment apartment, I note the tenants have a lease till july 2011, and if I were to settle prior to that date I would keep them on with the agents. But after July am I allowed to approach the tenants directly and get them to sign with me bypassing...

Hi Guys I am looking for a 2bedroom apartment in the inner melbourne suburbs such as Brunswick, North melbourne etc and this one caught my eye. http://www.wbsimpson.com.au/properties/441621/details I went for an inspection a while back and the kitchen looks enclosed where the wall...

Hi guys I have a question regarding family trusts hope you can help. My situation is I'm about to buy a property with my brother it will be a PPOR. Rather than having both our names on the property, I'm figuring a discretionary (family) trust is the way to go for asset protection. I'm more...

Hi Guys! Need your expert advice. I was just about to put an offer for this apartment, I have inspected it *looks fine* but here are my worries, this is in VIC by the way. * building permit granted in July, Construction would have been recently finished in 2010. it is a massive apartment...

Hi guys just got a question. There is a townhouse up for sale in Melbourne's inner cbd however at the back of the property it is very close to the train line. So the noise issues of trains rushing past could be an issue. Just wondering should i stay clear from this as an investment? or is...

Hi guys I have a very quick and simple question. If I take out a loan to buy an investment property and I let my brother live in it and charge him no rent am I still allowed to claim this for negative gearing? As I was told it is the purpose of borrowing funds to determine deductability...