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Finance is on hand now need the contacts a little time poor.

Hi, I'm considering building a granny flat at Blacktown and needed a little advise and direction. 1. How much does it cost for a reasonable 2 br grannyflat ? 2. Can anyone recommend a builder which will do everything from approval to completion ? 3. How much would a 2 br rent for with...

Appreciate everyones comments thanks

Thanks for your views however there's mainy common factors with many other beachside suburbs interesting.

Hi I was curious to findout more about Berkeley Vale seemed to be well located within close proximity to the Entrance etc. rent returns appear to be strong, was interested in anyone thoughts ?

What are peoples thought about Berkeley Vale for IP ? Hi I was curious to findout more about Berkeley Vale seemed to be well located within close proximity to the Entrance etc. rent returns appear to be strong, was interested in anyone thoughts ?

There's legislative issues when paying credit with credit. You can't pay debt by getting into more debt consumer credit code doesn't allow it, under responsible lending.

NAB First it was bank wars & now U Bank considering the very low margin. As we've seen before what's around the corner: What are they investing in ?? CBA technology Westpac invest in central hubs How much will the lack of service cost ??

The investment would be a little small to benefit you and could even create a few complaince issues around servicability and the benefits v's the cost to keep you SMSF running compliantly e.g Audit, investment plan etc approx $2k year

Agree with the previous suggestions CG is a better approach. $400k would be well spent in the following areas Guildford or Greystance good luck !

I'm currently using CLASS at Guildford.

I read your signiture quote, it says it all !!

The best way to get the best saving would be to negotiate a better rate at an original 95% lend I would guess your rate is high and can earn you a big saving now.

Take a look at Blacktown ou might squeeze a good buy there, next on my list would be St Marys you would find a property there with potential.

Its not the bank rather the individual. I've been with Westpac for a while, I had the same issue until I spoke to the manager who was very approachable and appreciated my business ended with 6.85%. Last week my local branch invited me to a business seminar at the branch, good informative night...

So I would be in debt approx. $460k, have a rental income of approx. $350 per week, and earn $48k per year salary. The serviceability would be the concern. You'd need to consider paying approx $3100 mth less $1400 = $1700 month ???

Electric fence LOL !

There are offset accounts which have no fees, I have one with Westpac. The benefits of an offset are to reduce the interest your paying on your mtg. You would actually earn % your paying on your mtg at say 7% which you'd never be able to earn in a savings account and then you'd be taxed on your...

The tax implication would be the private tax ruling asking permission to use the loan for tax deductions. Some accountant will take short cuts and ask for a written agreement as a precaution usually ok if it gets challenged. Good option with big benefits of avoiding title transf, LMI and...