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Thanks everyone, Terry etc for your points about deductibility Thanks Aaron, for your point Re: redraw etc, i will look into that. I am considering the next steps, as going through a whole new application and having to say it's for another IP etc just seems a lot of hasse if potentialy the...

Because i thought this would be a much simpler application process I guess i could just keep it in a separate account Or else cant i keep it in.the offset and not tax deduct it initially and then only start tax deducting it once ive actually spent it?

But the purpose of the loan is investment Do you mean i cant keep it in an offset against my PPOR and should instead keep it in a new account and just pay interest on it even when i havent paid for a deposit woth it yet?

I heard this as well, like if someone has a lot of hits it can show desperation or risk etc

Thanks i was not aware a broker could org a val through BW on my behalf I did use a broker for this loan but did not use his services for my IP and dont want to go back to him Would this mean a new broker would not want to do this application because they would get no commission? i dont...

Thanks I bought it for 319k late 2011 My house is one of many identical ones in neighbouring estates so i can follow comparable sales quite easily I am with bankwest for this loan which is fairly anmoying as the said i have to do a full app before they will value. Is this heading in the...

Hi I want to consider withdrawing some equity to use as a deposit for a 2nd IP. Will the bank look at this differently than say if I said.i.wanted to do renovations? Ie does the reason matter, should i be honest and say its to hold in my offset until whenever i want to use?is there a time...

Nevermind, saw a place I thought was a full block but it was subdivided - pls ignore.

I suppose this is a case of markets within markets, as Ive heard western sydney is really going ahead

How do you form this opinion? :)

I thought it might be interesting to hear peoples perspectives on: At what stage in the property cycle is your part of the market? Eg 12 oclock - full boom, you think market is likely to correct itself soon 6 oclock - bottom of the trough,you expect it will climb up Hope this helps...

How would a person get a loan in that situation, if not working or going to work again? And especially as the new place would be negatively geared? Would it be a matter of the power of attorneys allowing an equity withdrawal.from the family home which then gets gifted.to them and they get the...

I think the prices have risen in these further out suburbs (eg: Rockingham south, Merriwa north) however they still seem to sit on the market for a few weeks. Which is a few weeks longer than anything in a more inner suburban area, lol.

Allan press from satterley is the sales guy for all these places, he has confirmed to me a few times there is a 12 month owner occupier rule. obviously a house mate is ok & theyd be pretty good rentals after 12 months. I think there is general acknowledgment that the full houses for sale under...

I dont think they put a caveat over the property or anything but i assume itd be written in the contract. Seeing as dept housing manage this scheme thru indicidual developers eg Satterley, they supposedly oversee the 12 moth rule Recently a ripper 5 bed house in Girrawheen fully renod sold...

These Satterley places (eg Steedman Way Mirrabooka) all have to be lived in by the owner for the first 12 months post-settlement. FHOG is 6 months but these places require you to be there for 12, as they're obviously trying to encourage owner-occupiers into these traditionally renter-oriented...

Thanks for sharing I live in a terrace home, and luv it, similar to the examples in the attachment. 235sqm block 7.5m frontage with rear lane double garage. 3x2 home. Obviously they only hav courtyards so parks nearby impt. My criticism is lack of parking with all varieties of these...

Thanks- will look into UNE - I have heard good things about their general distance education program

I was once interested in the grad dip in planning at ECU perth. Its not planning institute accredited All others in wa are so this confused me I was told that without that accreditation the course would not be taken seriously by prospective employers and may mean the course itself is not...

i forgot to check the thread... sounds like all enjoyed