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homeside / NAB

Thanks guys. @Jamie, the loan amount on my PPOR is 240k. Re: getting val, does the bank charge for this?

Hi all I want to use the equity on my PPOR to purchase an IP and want to know how I should go about doing this. Current scenario: PPOR bought for 265K (IO loan) Should be worth between 300-315K+ now (based on other sales) So can anyone give me advice on where to start? Do I get my...

Yes this is what I generally do... if you have the discipline to pay off the credit card at the end of the interest free period then why not?

Thanks BMan. Can anybody recommend a quantity surveyor in Sydney (or Parramatta area to be specific...)?

Hi all I just bought an IP and am not sure if it's worthwhile getting in a quantity surveyor to get a depreciation schedule? I haven't had experience with this before. The property is a unit, 38 years old, previous owner put floating floorboards in about 3 years ago, modern-ish kitchen...

Charlie Chaplin once entered a Charlie Chaplin lookalike contest (which were popular across America when Chaplin first became famous in 1915) in a San Francisco theatre. He lost - not even making it as far as the final round.

Does anyone know or have a lender that offers 100% offset on fixed rate loans?

Thanks guys, much appreciated :)

Hi all Can anyone recommend a good accountant in Western Sydney (preferably Parramatta area) who will be able to do my taxes and also advise on a loan structure for future IP investing? Thanks in advance.

Hi all I was curious to see if anyone had a calculator similar to what the ANZ Scenario Calculator used to offer (theirs doesn't seem to work anymore)? Basically what I want to know is how an offset account impacts the monthly repayments on an IO loan? Most of these types of online...

Hi all Its been 8 months since buying my first place and i'm ready to purchase another. Before i ask my question, here is how it currently stands: IP1 value = 300000 Loan = 240000 (IO) Equity = 60000 Cash (offset) = 50000 Ideally for IP2 i'd like to spend as little of my own cash...

@Terryw - I thought the 6 year rule applied to your PPOR, regardless of whether you lived in it or not? If that's not the case I definitely need to re-think.

I see, thanks Aaron. Would this also apply to all the outgoings as well ie 40% of strata fee and rates? Also, another question which this leads to: would renting out the room affect the 6 year CGT exemption rule at all?

Hi guys I'm thinking about renting out a room in my 2Br apartment, which is my first and only place at the moment. I bought it with the intention of turning it into an IP. The plan was to move back home with the folks and rent out the place, however I now want to stay here! :) So renting out a...

Hi all So after looking for the past few months, I finally found a place and put in an offer which got accepted! :) I would just like some advice though, as I am faced with the following situation. The apartment I bought is pretty grubby, and not in the best shape (although with a good...

Thank you everyone for your input so far, it has been immensely helpful. One other thing that popped into my head last night in regards to this step: Because that place would have to be my PPOR (for FHOG), when I move out after 6 months and rent it out, can I negative gear the shortfall on...

Thanks for the responses guys. I didn't think it would be possible, as rugrat said, if it were people would already be doing it! I'm pretty new to all this so it's good to know as I couldn't figure it out myself. cheers hongsta

Hi guys I was just thinking about this, keen to hear your thoughts.. Purchase a property with a PI or IO loan. Live in it, but not as PPOR, so effectively you are renting from yourself (or could even rent to a partner for minimal amount) Can you negative gear the shortfall on interest...

This may be a dumb question, but can I live in and pay off the second property without it being my PPOR? And then switch it over after I have sold my IP? Hi BuildingBlocks, yes that's one of the reasons - both my GF and I work out west. You make a good point though, I agree that it shouldn't...