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John, Send me your contact detail I have overseas contact and address :-) How much is the cost by the way ? And most importantly the strata per quarter.

Thank you MsAli for the detailed explanation. I'll try to do that in the spreadsheet over the weekend.

Cool, so in this case for: Investment Property, I should be borrowing 88% maximum LVR Property of Residence, I should be borrowing 80% or lower, while the stamp duty and the other overhead cost can be covered by the equity gain from the other IP (using Line Of Credit facility) ?

Thanks Toby. Redom, Does the number above is applicable only to Investment Property or can it be used for PPoR ?

Hi, Can anyone please let me know what are and how much approximately the costs that needs to be accounted when buying a new investment property ? Let say for example, I?m buying $500k existing property as investment (As I?m no longer First home owner) in NSW. What can be put into the...

Yes please, I'm looking for a good plumber that is available to fix my garage roof leakage due to the faulty plumbing on the bathroom above.

It is Townhouse.

Hi All, I have problem with the bathroom in my unit that is currently leaking to the garage. Does the body corporate able to cover this repair under the sinking fund ? or Do I have to repair this out of my LOC account then keep the receipt for tax deductible ? Any advice would be...

Hi, I wonder if this is possible to ask the copy from the bank valuation of our own property (IP or PPOR) ? so that I can calculate my current equity exactly to borrow from another lender (fire-walling loan against PPOR).

It is when the RBA decalres that if the country is currently in a recession state so that'll be the wake up call but it is too late.

Many thanks for your clarification.

Yes that does sounds very good Luce, but in my situation the bank dosn't want to lend me for studio apartment in anywhere (it has to be minimum of 2br) and now in Sydney CBD the studio room is around $500k+ (World Tower and Maestri Tower).

I guess they rent out the other room that's why they don't/couldn't get HC insurance.

Yes, but who's going to rent it out in Westmead, I wonder what would be the type of people in that area ?

Yes that kind of situation also makes me wonder what are they doing with the sinking money gathered from the strata ?

How did you know that information ? do they have mailing list about the plan on the suburbs that we can subscribe to ?

well, from this article it is better off to wait i guess ? http://news.domain.com.au/domain/first-home-buyers/firsthome-buyers-beware-20110525-1f38k.html http://www.news.com.au/money/interest-rates/ratings-change-may-lead-to-rates-rise/story-e6frfmn0-1226060823878 and this one...

have a read at this book it is very good in explaining what happened and currently happening in the US nowadays.

What is neutrally geared means ?

Hm... if the RBA still go ahead in increasing the rates + Carbon Tax applied + soaring high AUD then the result can be fatal (-_-)"