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Hi folks, I'm on a working holiday (on a two year visa) in London at the moment and have just scored a professional permanent job. I would like to buy an apartment here while I'm earning the pound sterling and I was wondering if you knew of any banks here that would lend to non-residents on...

Hi folks, There have been a few threads talking about good PM's in Melbourne but for my property in Yarraville I was just wondering if the people in this forum could recommend a good boutique PM that service the inner west? The reason I'd like a smaller agency is that with the big agencies...

Hi folks, I'm looking at a house in Brisbane that has a granny flat underneath the living area which has a height of 2m so it is not legal height. I'm thinking I'd like to rip out the ceiling around this granny flat area to create a "loft style" living room, and add an internal stair case...

Hi folks, I have an interesting situation... I have drawn down all the equity I can from my present IPs at the moment, which gives me a reasonable amount of cash towards the deposit on my next IP purchase, but not enough to completely cover it (need an extra $40k). I have plenty of savings...

Hi there, There's a commercial vinyl installed in the bathroom of my IP in Melbourne and I've been looking at options to replace it. However, instead of going to all that cost, is it possible to just re-paint it? I.e. similar to tile resurfacing? Any tips? Thanks!

Hi folks, I have an issue regarding settlement on an IP. I was intending on using proceeds of a refinance (and at the same time release of equity) from one lender to another to provide the deposit for the IP, however, the refinance looks like it won't be ready in time. If I use my own...

Hi folks, I'm thinking about purchasing an investment property in Brisbane with the aim of perhaps moving into it one day. I was wondering if it's possible to buy a free standing house in a decent suburb that is a maximum 30 minute drive to the Brisbane CBD in peak hour (assuming no accidents...

Hi folks, I'm considering purchasing my third IP and I have to admit, with all this talk of interest rates rises, I'm getting a wee bit nervous (you can manage the rate risk by fixing etc but those fixed rates are at a nice premium these days!) about going for it. As such, I was just...

Hi folks, I've been looking at doing a cheap renovation to my 3.5m x 3m bathroom (replace the toilet, vanity and shower), and was wondering if anyone has used one of those tile resurfacing companies such as "The Resurfacing Agency" or "Mend-a-bathroom" or "Thermoglaze"? I figure it should...

Hi folks, Looking at purchasing a house in Yarraville, Melbourne that has only one bathroom and toilet. The bathroom which is large-ish has just a circular shower curtain around the shower area, and a vanity unit. The toilet is in the laundry, in a little room off of it. At a rough guess...

Hi folks, Say I want to sign a contract of sale this weekend in Melbourne for an IP, and so I am required to put down a 10% deposit, and I do so with my own cash. Can "swap" out my own cash with the equity I'm waiting to be released from my current IP when it comes time to settle? So that...

Hi folks, Going about the process of drawing down my existing loan on a property worth $480k with a loan balance of $250k, and I've been quoted LMI of $800 to draw to 80% and $7300 for 90% (this is a lender that charges LMI even to 80%). The one month penalty interest etc is probably too...

Hi folks, After having done a search on these forums, just to make it clear in my mind... If I had IP#1 that I drew down $100k from to fund the deposit for IP#2, and one day I make IP#2 my PPOR, am I still allowed to claim a tax deduction on the $100k I drew-down? I presume the answer is...

Hi folks, I'd be interested in everyone's opinion on whether the suburbs in the inner west of Melbourne would make a sound long-term investment. From what I can see, areas such as Footscray and Yarraville have already surged a fair bit in this recent boom, and so it is difficult to find...

Hi folks, Assuming you were drawing down equity from IP #1 to fund the deposit for another IP #2, do you take the opportunity when refinancing IP #1 to go back out to 30 years, thus reducing your repayments and freeing up cashflow? What are the risks involved here? I suppose if you keep...

Hi everyone, As someone who is looking at buying further IPs in the next couple of years, I have been looking at asset protection and whether to hold future acquisitions in trusts or not, considering the advantages and disadvantages. It seems that one of the reasons for holding properties...

Hi folks, I'm thinking about moving to Melbourne in the next couple of years and so I was looking at buying an investment property there and renting it out for a year or two until I'm ready to make the move. I've been trying to get a feel for the market in Melbourne, and I was wondering if...

Hi everyone, My dad is retiring in January and he's decided to go on the federal government indexed pension via his PSS super fund as opposed to taking the $230k or so as a lump sump. He'll get about $30k a year which is enough for his lifestyle (mum is still working full time earning about...

Hi everyone, Just wondering if the posters on this forum might be able to help me out. I earn $100k a year in a stable professional job, have $80k in savings and own one investment property worth (conservatively) $400k which I owe $250k on and I live at home (cough - I tend to travel a fair...

Hi everyone, I've decided that I'm going to spend 2009 over in the UK on a Working Holiday Maker visa. I have one investment property in Australia which is currently negative geared. My question is, if I'm paying UK tax for the year over there, and since Australia has a reciprocal tax...