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Exactly my view.

My new purchase settled with NAB just recently. Before settlement my loans were approximately 4.8% combined (had three separate loans with them at different rates 4.58, 5.06, 4.73).. Right after settelment I requested my broker to request a rate review ..and to my surprise they approved 4.38%...

$500pw for 1 bedder 39sqm ??? :eek::eek::confused::confused:

Hi Peter, could you please explain this a bit further ? How can accessing equity renew I/O period of the existing loan ? Is it applicable for loan top up or also for the split ? Any other requirement for this to be applicable ?

Good Luck Shahin.

Yeah , look for LMI sweet spot..I really like 88% LVR

I visited Summer Hill just this week (for the first time) as my brother-in-law bought a place there. I really liked a village setting over there..seems like a very friendly neighbourhood..mostly Aussie living..If I was working in South/East/West/City , I would have definitely looked at Summer...

That would be awesome if it's also for high LVR loan..

That's impressive

Hi Jamie, What is that you don't like about it ? Would you please share some insight into it..Would be helpful for one considering this.

It reads - RBA didnt' cut rates so we DID :) Three Year Fixed 3.99% 4.84% Comparision Rate Zero Application Fee Zero Account Keeping Fee.. Sounds like a good deal.. http://www.mebank.com.au/lps/home-loans/home/?src=WEB_HLPTILE_0115

Thank god they didn't cut it ..so the party will continue (sustain) at least for little longer..

Thank you Jamie for this useful post ..and also Redom for supplementing it

Not really. When is your OTP going to be complete? You probably paid close to extra $100k-$150k then compared to oldies and will be waiting for almost 2-3 years before you move in. On top of that , you will end up paying hefty body corporate. I too paid $700k for a 2-1-1 oldie in Lane Cove...

I just got the confirmation my solicitor that the vendor has finally agreed to delete this special condition with regards to GST..sigh.. :) Thank you everyone for all your valuable feedback. Appreciate it !!!

Yeah, I am not sure why :(

Hi , I rechecked the contract and here is what it mentions (Checked) -The sale is not taxable supply because the sale is : 1)by a vendor who is neither registered nor required to be registered for GST 2)input taxed because the sale is of eligilible residential premise So, I think it...

Hi Dan, Thanks for your response. You seem to have raised a valid point here.. From the ATO website : Is the vendor registered for GST? GST can only apply to the sale of a property if the vendor is registered or required to be registered for GST purposes. As real property is generally supplied...

Thank you for your input. To my knowledge, 1. There are no renovations on the property. Most of the area are in original condition. 2. Vendor is a private owner and this unit was his PPOR prior to sale. 3. The last sale on the property was around 14-15 years back.

Thanks Terry. So from section 40-c Sales of residential premises (1) A sale of * real property is input taxed , but only to the extent that the property is * residential premises to be used predominantly for residential accommodation (regardless of the term of occupation)...