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I know this isn't the right space for this post, but hoping someone can help out. I just read the Barefoot Investor's last post. It was talking about putting money aside for your kids. It said "I?d suggest you open up an investment bond in your daughter?s name, which you can do without a...

We have bought our first two IPs this financial year. I'd now like to lodge a PAYG withholding variation for each of us. Is it easy enough to do it yourself or is it too much hassle (get accountant)? Thanks.

I'm about tobself manage a property which is about to settle. The existing tenant was self managed prior to me. the agent who managed the sale said he'd give me the standard lease paperwork for me and the tenant to sign at no charge. But i want to give the agent some cash for his kindness...

I know I've asked this before, but now I am definitely closing the home loan against my PPOR (it has been sitting open at a balance of $0). Westpac decided to start charging me $8 a month to keep it open. So I'm closing it. Question is: Westpac said they can hold onto the title or I can get...

Hi everyone My tenant had a blocked toilet. They called Jims plumbing to have it fixed. They have sent the receipt to the agent to let me know, but not expecting to be reimbursed. Im more than happy to pay for it. Am I missing something? Why does the tenant not expect to be reimbursed...

Posting a question for my sister. She has a townhouse in Brunswick Vic. When she moved out, it was valued at 600k. It would now sell for about $730k. She would pay very little capital gains tax. Should she sell now to avoid paying higher cgt? Or hold as long as possible? Thank you. If...

I am about to sign contracts on a property that currently has a tenant until April 2015 on a self managed lease. Can you please give me tips to make this go smoothly? So far I need to consider: - currently renting for 360/week but should be about 380 with agent fees - making sure bond gets...

I've been hunting for Ip2 for just under two months. While it had been enjoyable, I'm now getting very tired (also I'm in my first trimester of pregnancy). I signed contracts for place A only for the vendor to change their mind and not sign. Then had another agent ring asking to up my offer...

I wanted your suggestions on what else could sweeten the deal for the vendor, without me increasing the offer price. The list: - Settlement period that suits them best. - Higher deposit? I know this is a really stupid question, but say I offer 20% deposit instead of 10%. Does that sweeten the...

This is what happened: I sign contracts on Thursday. Vendor to sign on Friday. Vendor receives another offer and decides not to sign the contract (doesn't accept the other offer anyway, but was enough to make him want to hold out for more). Any strategy you can suggest to avoid this happening...

If you'd like to check out whether your bank invests in fossil fuels, how much they invest and who you can switch to, check out this site: http://www.marketforces.org.au/banks/compare Other divestments: I've recently switched my electricty to Powershop as they support renewables. Next thing...

I'm checking out Reservoir for the first time this weekend. Any streets/areas to avoid? Or is this sort of irrelevant now? Sometimes the cheaper parts of suburbs are the ones that grow in capital to catch up with the rest of the suburb (once the area gentrifies and the shitties move...

How do you find the sold price, if it's not listed on the internet? Situation: - Both townhouses 2 and 3 are on the same listing. They are identical. - Agent tells me townhouse 2 sold for $495k. - Owner of townhouse 4 tells me that's BS, it sold for $479k. - The sold price of townhouse 2...

I'm looking at unit 3. The agent has given me the contract of sale for Unit 4 which recently sold. It is identical unit. I thought an offer is invalid without a valid Section 32. If I submit an offer now (before getting the contract for unit 3), doesn't the offer mean absolutely nothing...

This townhouse is the last one left of four. It passed in at auction at 495k in June. It is now listed private sale at 499k. The agent said they'd accept 490k and maybe 485k with 30 day settlement. What would you offer?

I'm putting in an offer on a brand new townhouse. However, I can see a slight fault in the silicon filler between the mirror and bathroom sink. I can also see a small gap between the floorboards and architraves. Do I: a) not mention it and just put in a lower offer (fix it myself) b)...

I feel really stupid asking this question BUT I'll ask anyway. If a former school site has 100 dwellings proposed, do the houses around that area go UP or DOWN in value? I can see the arguments for both. E.g. House values in Macleod went up after Springthorpe development. But then there is...

Any way to get around this? Situation: if I purchased an off the plan property now, it would likely complete when I'm on maternity leave. At this point, the bank would check my salary again and not lend me the money as I would be on half to no pay for 12 months (even though I have cash...

What are the pros and cons? Your thoughts? This is my shortlist for Melbourne suburbs to invest. It would need to be a townhouse or villa or apartment (not a huge block) as I can't afford a house. I've chosen based on consistent 1, 3 and 5 year growth, weekly household income, vacancy rate and...

I'm attemping to cut down my shortlist of potential Melbourne suburbs. I know very little about Carnegie, other than it's had solid long term growth. My question is: Is this suburb considered part of the Melbourne oversupply of apartments? It's a middle ring suburb - 11.8km from CBD Any...