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Thanks everyone. Will catch up with NAB to confirm it. 33 days interest does make sense (Nov interest was lower). However Aug-Oct didn't make sense so nice exercise to go through with the banker anyway. Interesting that it is done to a business day rather than the full month considering...

Thanks Richard, will have a chat tomorrow :)

I have a few loan accounts with NAB, one of which is $100k with a $0 balance in the offset account for the full Dec 2014 month. Let's assume interest rate I am on is 5%, what amount should I expect to pay for interest taken out of my savings account? I thought the amount should be very close to...

Thanks for the replies!

Is it next to a train station?:D

I engaged a buyers agent last tax year and was going to make a purchase, but circumstances changed and I decided not to pursue a purchase this time around. There was a registration fee I paid that doesn't seem to fit anywhere. I don't think it is tax deductible because no income was derived...

Do you guys have recommendations for a gardener that services in the Epping NSW area? After someone good as it is an IP that will be a PPOR down the track :)

I am after recommendations for a managing agent in the Epping/Eastwood NSW area for a house. Does anyone have recommendations for one? McGrath is looking to charge me 7%. Is that normal in your view?

Suppose a house is purchase tenants in common 99 vs 1 for husband and wife. Initially house is leased out at market rent and is considered an IP. After 3 years, husband and wife move into the house and use it as a PPOR. At that point, convert ownership of the house into tenants in common 50...

Thanks Terry. My aim is to work out how to structure this purchase. I thought I could save on tax being able to stream income in a DT, but you're right that land tax will kill it. With that in mind, DT is out... If I put it in a UT and treat it as my PPOR, will it lose PPOR land tax...

Not an employee or a tenant. I'd like to live there moving from my current PPOR (which will become an IP), and treat the property in the DT as my new PPOR. Is that what you'd call a squatter? :D Suppose I do the above, and the house is completely paid for, will the DT be liable for tax...

E.g. there isn't any silly ato rule that saids I need to assume that the DT is leasing out the PPOR to me at market rate, and therefore pay tax? :D

Suppose I pay 100% cash for a PPOR that I stay in that is purchased in a UT or DT, do I have to pay tax for it?

Hi guys. I am considering putting my PPOR that I have just purchased under a DT or a UT. It will be an IP initially, before becoming a PPOR in a few years. Are there any benefits of having a PPOR in a DT or a UT? What are the implications of living in a PPOR that is owned by the DT or UT...

Bought a house yesterday, which will be PPOR in a few years but IP in the near term. I read around and for landlord insurance, I will go with EBM when we settle get it leased out. I am after recommendations for home insurance. Not after the cheapest necessarily, unless it also happens to be...

Thanks guys for your opinion/advise. Useful questions I've asked my accountant. We should be good to go now with our set up :)

Thanks again Terry. All quite confusing tbh :D Do you mean 2 property per trust, or 2 trusts per property? Is there a difference between having the property in a UT or DT for land tax threshold? Wouldn't you always loan to the DT or UT in terms of the initial deposit, so the initial deposit...

Thanks guys. Trick question... (and mainly for interest...) what about buying in a UT that is owned by a DT?

Thanks for your reply Paul. IP is in QLD. If you were to set up a UT (say 1 UT for IP), presuming that you expect it to be positively geared, would you set up the UT in my partner's name or my name? Or would you set up a UT that is owned by a DT? Seems like it is over complicating and...

Hey Terry, thanks for your questions.