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    Promotion or pending bankrupt?

    I just settled my next round of loans to accommodate two OTPs next year. Have a very good loans officer who finally understood me. Got a call from him after loans had settled to say that my file had been sent up to "Priority Banking" and I would have a new personal loans officer. He made it...
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    Landlords insurance for holiday lets

    Can anyone help me with the name of an Insurer who does Landlord's insurance for holiday let properties. My current one says that the tenant has to be under lease and needs to be resident there. If no tenant, it only covers me for fire but not burglary etc. I will be building a holiday let next...
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    tax classification - Dale?

    If you buy land and plan to build a rental property are the costs of surveyors,council application fees etc called Development costs or Building costs which will attract the Division 43 etc Is there a difference? What about costs involved in taking something to Land and Environment Court etc?
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    Depreciable vs Capital

    i have a feeling I asked this before but didn't get an answer. When purchasing a property which costs relate to Capital cost and which are the 5 year depreciable borrowing costs: Particularly: Valuations (for assessment of property or bank required) Deposit Bond fees Mortgage discharges...
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    The Promised Land

    I know I have bored everybody witless with this but I have finally bought my block of land at Vincentia. The only bitter pill is knowing I have paid ten times what I paid for almost the same block fourteen years ago and had to sell in the early nineties! I feel I have paid a bit too much but the...
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    Transferable valuations

    I am getting a private valuation on a property. They are panel valuers for Westpac. If Westpac won't come to the party and I want to go NO DOCs or something will they accept my valuers value or insist on their own valuation? Basically would be just looking for an asset lend of 80%.
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    Auction Strategy

    Need urgent help. Block for auction in our favourite retirement prospect. Ballpark from agent is the upper limit for us. Prices going crazy down there and worried about being priced out. Should we make an offer at the top of our limit and hope they take it.... do we go in lower..... or do we...
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    Urgent - Dale - Auction In The Balance!

    As I understand it, due to a tax ruling a few years ago, you can claim "holding costs" on a property where you buy land with the intention of building an income-producing property. Is there a time limit to building in this scenario? I have claimed holding costs in the past on OTP purchases...
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    Capital Gains Tax

    I think I put this on before but not sure I got an authoritative answer - If a property has spent say 5 years as an IP and is then your PPOR for 5 years and then you sell, do you pay CGT on the 5 years it was not PPOR or does the PPOR period negate this?
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    Investment to PPOR

    Just checking. My brother-in-law bought a unit which was an investment for about 5 years then moved in and has been in for about 10 years as PPOR. He wants to sell it now for new PPOR. As I understand it, there is not CGT to pay because it is now his PPOR or is there some adjustment to make for...
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    Christmas Greetings

    OK. Just thought I'd check. A worrying aspect to this year's Christmas cards is the selection I have received from various developers - is this a bad sign? Anyone else noticed this phenomenon?? I remember a friend who once got a card from Telstra and thought maybe it's time to stop making...
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    Town demographics

    Anyone know a website where you can look up size of population and industries in towns etc other than trawling council web sites which are patchy at best.
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    Country and Regional

    Is there a minimum town size that banks will lend to? i.e. population limits etc. Is a satellite town with small population OK if it is within 15 min drive of a major regional centre?
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    Mort Insurance

    Have never used mortgage insurance but do they only give this on particular types of property? I.e. would have difficulty getting 90% on a studio or a warehouse conversion but not on a 3 bedroom townhouse? Also is mortgage insurance given just on the basis of a serviceability ratio or property...
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    OTP and agent agreements

    Just for the record, cause a lot of people do not seem to know - when you buy a property off the plan there is often these days a hidden clause saying you will agree to use such and such an agent to lease you property for a minimum of six months on completion of the building..... This clause...
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    Serviceability (how do the ratios that the banks use work ?)

    Serviceability Anyone currently help me with serviceability ratios? I remember when I first took out my home loan it used to be that no more than 30% could be allocated to loan repayments. Then they seemed to stretch to 40-45% if you were buying investment properties and including rental...
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    Change of use (PPOR - IP) & tax deductibility of loan interest

    Change of use Just to clarify. In API recently, Dale replied to a question that if your PPOR becomes an investment property you can now claim mortgage interest on the original loan. I.e if you bought the home as PPOR and took out mortgage when you leave and the tenants move the interest on...
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    OTP and valuations

    PLAN B Is there a lender who will accept 80% of valuation at the time of settlement rather than the contract price which is often 2 years out of date? Donna L
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    90% with MI

    I have bought 2 properties off the plan, one maturing in 2003 and the other in 2004 secured by deposit bonds. I would like to finance these at 90% and pay MI if necessary (though would prefer not to). Which banks will lend 90% and will any do so without MI? I can get the 10% deposit plus...
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    Financinc for fun and profit.

    I have 2 friends..... one owns a house outright but wants to move to a better area. Can sell house and buy unit in the new area. Would you do this and then borrow against the new property for investment properties or would you keep the existing house, borrow against it in the form of a...
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