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Hey everyone Im about to go and see a financial advisor finally :D and to save me looking like a complet dodo wondering if someone can shed a bit of education my way. A bit of background info 1 x IP returning $300 per week hoping to have paid off before 65 1 x PPOR hoping to have paid...

Hi Everyone . Im about to buy a new car for our sole trader business and im not fully up to speed with the whole accelerated depreciation. My dilemma is I would like to buy a new car which is $22,500 Drive away no accessories. Iam registered for gst but dont currently bother about keeping a...

HI Everyone Just after a bit of advice. I run an online business and im looking for ways to reduce the huge amount of tax I pay as I basically have no write offs. I was thinking of purchasing a brand new car so I can write this off. My profit last year was $28K and im currently registered for...

Hi Everyone Wondering if someone could help me out and recommend an excellent registered tax accountant in the Newcastle area. I have been selling on ebay and a complaince officer from the ATO rang me and advised I need to make a voluntary disclosure as I have not paid any tax relating to...

HI Everyone I realise this probably isnt the best forum for a question like this as its not property related however im sure plenty of people would be able to help me out with my questions. I'm thinking of starting a share portfolio as a long term investment. I currently own one IP and...

Hi Just wondering if anyone knows an excellent accountant in the Newcastle area. Not just for an Investment property accounting but more to do with starting up a small internet business which is currently running and need to seek tax advice etc. Thanks

HI Everyone. I have my insurance through NRMA and over the past 5 years im sure its creeping up. I have only ever made one claim which was for an electrical problem on a pump for a septic system. I think it cost $3500 for the pump they covered it but I had to pay $500 excess which also...

HI I have been browsing these to areas for a potential IP, just wondering what everyones opinions are on these areas. I know Moree has a pretty high crime rate and I have also heard that Griffith has done poorly in the past but it may be starting to upswing slightly. I read an article last...

Hi Everyone . I have set myself up with one IP bought for $460K and currently also building a PPOR which will end up costing me another $460K. I would like to have another investment property but my funds are now very limited. I'm looking at trying to find and snap up a good deal below...

Hello Everyone. Just a general question here im guessing most people will say yes as I mean its insurance. But im in 2 minds as I want to pay this loan down asap also. I still owe $140,000 on an IP and have just taken out a loan of $380K to build a new PPOR. My problem is the new build wont...

HI Everyone. I have one IP and have just bought a block of land for a PPOR. Now my investment property I currently owe the bank $140,000 and the loans I took for the land purchase are $99,000 and $76,000 giving a total of $175,000 for the land. Now I'am paying I/O on all the loans but...

Hi Everyone Im 33 years old and really starting to worry about my funds for retirement. At the moments I have 50K in super with Australain Super. I have chosen Australian Sustainable shares and the high growth option. Over the past month or so the shares have lost me $4K. I get sick and...

Hi There I have just bought a block of land to purchase our PPOR. I have one investment property im paying off at the moment and this will be to live in since we have been renting for the last 6 years. I bought the block in the NSW suburb of Aberglasslyn West of newcastle in a newly...

Hi Everyone. I have an IP and have just purchased a PPOR. I was thinking about buying another IP a cheap one less than $150,000 or either investing $10,000 in the shares. Just wondering what would be my best bet long term considering If I held onto either option for 20 years. Im thinking...

Hi Everyone I currently have an investment property I owe $140,000 which im about to change to Interest only payments. I have just bought a block of land for $171,000 and have taken out 2 loans one of $76,000 the other $99,000. Im also planning on adding a construction loan of...

Hi Im just negotiating a deal with the bank now and the mortgage advisor has advised I go on the wealth package. At the moment I have an IP ( loan with commonwealth and I owe $140,000 on it Block of land Loan new loan with commonwealth ( $155,000 in total ) In the future will be...

Hi Everyone I have finally purchased a block of land for my PPOR. I'm taking out a loan for the land and a construction loan for the new build. I currently have an investment property also. Please see below for all my current financials IP bought in 2009 for $452,000 we currently owe...

HI Im buying a block of land at Aberglasslyn Newcastle NSW Im undecided on whether to go for a 540square metre block for $171,000 or a 593 square metre block for $180,000. My father is telling me go for the bigger block as he is saying down the track when we sell it will be worth $20K more...

Hi Evereyone Im looking at purchasing a property it had an asking price of $519,000. I checked it out like it and proceeded to put in an offer of $490,000 I have been advised they would accept this to my suprise. Now I feel like Iam overpaying generally as a rule of thumb what is a good...

Hi Everyone :D I have just been approved by the commonwealth for 2 loan one for purchase of land and the other for purchase of new house. I'm in a tight spot considering what is the best thing to do financially for myself. First some background info..... My income $65K pa Partner $20K...