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Wondering if anyone has received repair bills related to the recent wild weather in Sydney? According to my PM, a corner of the roof collapsed at one of my western Sydney properties during last week's storm. Apparently, structure needs repair and tenant is seeking rent kickback from water...

Hi Ladies/Gents, Been reading property books/forum, and have gone through many debates about what property to purchase (Growth vs CF) for a buy-hold strategy. I feel these arguments are based on belief more than based on figures. I'm a number cruncher for living, so I don't find myself totally...

I have used service from people on this site. And I'd say their professional standard is miles higher than those I'd found out from a few other sources. Sharing knowledge does serve as both goodwill and personal branding. As the economy is shifting to a service centered one, consumers need ways...

so broker pays valuation out of pocket? :confused:

My take is use LMI if you have good serviceability but cash for deposit is tight. It's a tool balance your income and the amount of deposit.

Stricken credit policy. Your paper work need to be spotless, or LVR will fall short of 80%. I applied once and was approved but at the end I gave up.

Thank you, Terry. Yes, she's now more worried of whether she's being ATO compliant. The deduction eligibility is all secondary. And Yes, it's a bugger to work it out. :( Another example ill structuring advice could cost you, soon or later.

Thank you, Paul. I asked why she topped it up without using it. She said she'd have used it as rainy day fund, but such occasion never raised. Now she has built a sizable saving in that account, together with the 90k proceed. What you say confuses me a bit. If that's no private use in this...

No, it's interest only and she never repaid principal. Yes, the 600k is solely for the property. She had got some cash in the offset account before the top-up, so the balance of the offset account never dip below 90k.

Thank you, Jamie and Colin. It's with St George at 80% LVR.

Wow, spot on, Terry. I just viewed her last statement, it's 7 pages for last quarter alone. From flight ticket to utility payment to petty cash withdraw... I'd say proportion by purpose is a hell of a job...

Was having a chat with a friend working in medical profession today. It stunned me the way she structured her loan. She used to own a PPOR which has now been turned into an IP. Associated loan was a $600k variable with offset when she bought it. Around 20 months ago, she did a top-up to 690k...

St Marys/Cloyton is still one of the most affordable / rental-affordable suburbs in Sydney. This probably gives it some floor on valuation.

The issue is Canterbury council is doing next to nothing when Parramatta has major plan to attract people flow. Aged infrastructure and low-social-eco demographics. Just lack of growth drivers despite it's not that far to the CBD.

Thank you for the reply, Terry & Paul. I'm a single and over my LT threshold in NSW under my own name. That's why I'm exploring around to see if I can access additional threshold. Purely from LT perspective, since I have already blown my threshold, a discretionary trust sounds like a better...

Hi Guys, This may be a noob trust question, but I haven't spotted it mentioned anywhere. I know for eligible fixed unit trusts in NSW, the land tax free threshold applies. I'm wondering if I create multiple such fixed trusts, am I able to enjoy multiple free thresholds, one per trust...

Will see. They had confirmed I was qualified to the best rate they offer on the phone, but paperwork indicates otherwise. If >80% is indeed the category they put me in, I expect they'd ask for LMI, which is mentioned nowhere...

Thank you, Y-Man. That's something I haven't been paying attention to. I didn't know payslip is a must. I will trace my employer to it.

lol, they came back to me, 75% LVI, but give me the rate for 〉80%. Although I don't think I gonna proceed, I replied with an inquiry. I kind wanna find out it is because of their incompetence or dishonesty.

Hi Rolf, Sorry, what does fe stand for? Or you mean fee? In which case that's $220 valuation fee is paid upfront with loans.com.au. The upfront is more expensive than other lenders, but not a huge deal, I just count it as sunken cost for an inadvertent attempt. I had been with ANZ and...