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    How much can I borrow

    Hi all, My broker cannot answer the question so hope anyone shed me a light. My overseas relative won lotto and send 500k cash to Melb in order to buy a property in joint venture with me. The issue is I already bought the third IP 2 months ago and seems reaching the borrowing limit for...
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    CGT implication

    Hi all, I go to see my accountant soon, but hope to hear any second idea about my situation in term of CGT implication PPOR value 450 buy 2012, still living in there IP1 value 650 buy 2013, spent 6 months for a large reno then rent out, get deprecation report and valuation done before...
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    Construction loan for owner builder

    Hi everyone, As my understanding, bank do not lend to owner builder and a typical application will require quotation/ contract from registered builders. There is an exemption to registered architect who can build/manage the project for themselves without builder involvement. Has anyone...
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    Dual Occupancy Development Dilemma

    Hi all, I intent to build 2nd dwelling at backyard whilst retain the front house in Albion VIC. It is corner block and 150sqm spare land left for new building/ subdivision. I have not decided to sell or keep both for rent. There are 3 options coming up: 1- Single storey dwelling - 3...
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    Trust or not?

    Hi all, We are a middle aged couple with middle income. So far it is quite simple to us to buy PPOR then first IP, both in our name with IO + offset account. There is some equity in IP and I would like to top up and park the cash to PPOR offset account with the intention to develop our spare...
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    PM in Moonee Ponds VIC for first IP

    Hi everyone, My first IP reno nearly complete and it should be the time to looking for a good agent to let & manage it. I've had some appraisal from agents with the management fee range between 5.5-7%. Is there anything else to consider to not go with the cheapest one? Any recommendation...
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    Depreciation renovating IP - Melbourne

    Hi all, My hundred year old IP is under a big renovation and will be ready for rent soon next couple weeks. Just recently discovered what depreciation is & I should have the report before reno as well, not only after completion. What a stupid mistake I made to thrown away all old carpet...
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    Bank does not love cracking walls

    Hi all, Long time reader, first time poster, I would like to say thank you to everyone contributed for the daily food of thought on the forum. I hope someone shed me a light to avoid the coming mess. I bought my PPOR midst last year in Sunshine VIC with 265k mortgage/ 400k value, and...
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