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Or better here is the exact URL http://www.infochoice.com.au/banking/default.asp?page=/banking/articles/industryupdate.asp?L%3D0 I hope it works. ZMAn

Geoffw, You are right the URL I provided is still O.K. but you would need to click on the Industry Update (left hand side of the screen) and then once there click on the 1 Sep 2003 - Property boom ripples out from cities Hope this helps. I could private e-mail you as well if you...

Below is a "cut and paste job" from here http://www.infochoice.com.au/banking/default.asp?CategoryID=91 ZMan 1 Sep 2003 - Property boom ripples out from cities Tradingroom.com.au, 30/8/03. Australia's property boom has spread from the mainland to Tasmania and even an island off...

Nick, I'd appreciate a draft of your objection letter. Can you please p-mail me if that is ok. Thanks in advance Zman

One thing that I know for sure is that when speaking to a bank you are in fact speaking to a person who interprets what s/he thinks the bank will do. The advice is speak to several branches of the same bank and you will be able to get to the bottom of what that particular bank in fact can do...

Just to add my two cents worth to this hot topic. I guess one is in the best position to negotiate when there is competition and you have reasonable credit history and ability to borrow. I paid off my PPOR with St.George. Still have one IP with Westpac and the other with Aussie Home Loan...

It's all over. I've bought the house for $x57,000 after I said that I am happy to confirm in writing that my offer is final and gave the agent an ultimatum to come back to me by 5pm today or would proceed with our other option. They called me at 3:30pm instead. I am quite positive that...

Joe D, thanks for the reply. My last offer was $x57,000. I am sure that the house could sell for more. Last week, about 300 m away from the house I am negotiating at present, another house was sold for $x72,000 (I was there myself) I could be played however and I will never know. The...

Well, things have moved on a bit, so as I said I would, here is the quick update. I offered verbally $x40,00 which I knew it was very low but, as always, it does not hurt to ask. Couple of hours later the agent called back and said that vendors decided to wait until more people had a chance to...

vodoo I assume you did not make your offer in writing. How many times did you go to and from the agent with your increased offer before s/he accepted your last offer? ZMan

hi investor mum I guess you are the only person who knows that you will be moving into the IP that you just bought. As far as the tax office is concerned you just bought another IP and therefore you claim everything you are able to do as for your other IPs. So it happens (as it does in...

Jacque and Queen Bee Thanks for the very pragmatic replies and your suggestions. I think I am going to take your advice and offer slightly more but also say to the agent that I need a response within the next 24 hours as I have made another offer for a similar property. If I at the end...

Phil_H I discovered that this agent is in fact one of Jenman certified agents. I bought and read the book "Don't sign anything" and yes the concept of the highest offer in writing was there but no real explanation (that I could find anyway) about how to deal with the request from the buyers...

Yeah, the ongoing trust costs may in fact negate any tax benefit that the trust is able to achieve. If you are not concerned that much with the asset protection benefit that Trust structure provides than the ongoing trust cost are rather prohibitive. I understand that accountants charge...

I am sure someone has worked out the right answer to the following: A house is for sale and the asking price has been clearly stated. You make a verbal offer to the agent and the agent asks you to confirm in writing that your offer is the highest you are able to make and you are happy not...

Thanks Dale. The ZMan

Has anyone done this before and is it legal? The idea is for your HDT to purchase an investment property that HDT will rent out for x number of years and earn rent. Because you plan to move into that investment property (as your new PPOR i.e no land tax) some time in the future, you agree...

I understand that the purpose of the loan may be important to how you regard your old PPOR but should'nt we consider this as well. If you are earning income (i.e the rent from your old PPOR now IP) and the taxman is happy to get the tax from you, then the logic says the cost associated with...

I was wondering of any implications in the following situation. Say that I purchase an IP under Hybrid Discretionary Trust and rent it out for a number of years. Then I sell my PPOR (i.e no CGT) and move into the IP I bought as per above. I would of course use the IP as my new primary...

MB364, thanks for the reply. I have e-mailed Nick at strategicwealth.com.au and am awaiting his reply. His website suggests that he specialises in hybrid discrectionary trusts which is what I am looking for. Will let the forum know my experience so that others can benefit too. ZMan