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that is probably the case 'abc' I only worked in the one bank and have been out of it for over 3 years I guess things can change and each bank has there own rules, the main thing is to shop around. Jagster

the number of dependants (kids) will come into play when the banks are assesing the risk associated with your loan, it does not affect the amount you wish to borrow. With IP's you are using the house as security, so the risk to the bank is mimimal, however if you were applying for a consumer...

My advice as someone basically in the same position. Get the loans approved on the one income. OK so it maybe a bit less, just look for a house to suit the finances. Its simple then, if the mother or even the father chooses not too work, then they can rest assured they can still service the loan...

why don't you wait until the tenant is settled in your IP, and tell them you would be happy to add a shed for their convenience, if they need one, you can negiotate floor, weather proofing etc, or they might just want somwhere for their mower and gardening tools. That way the tenant might see...

see-change, I agree. People have ingnored this fact! I have lived in such an area for the past 12 years, (outer suburbs of Melb) Its really only the last 2 to 3 years our ppty has increased in value. I guess the old saying that house prices double every 7 to 10 years is true, but if you had...

spoke to my QS he was pretty annoyed that I asked him to specify the prices as at date we purchase the IP (RE - Sims Comments), he said as an old item it is basically worthless. He said he would relist the items as if they were new of the date of purchase if that is what I wanted, but he...

thanks heaps everyone, was feeling a bit deflated after lodging my tax return. Will get on the blower in the morning to QS to ask him if report can be updated to SIMS suggestions, Thanks SIM, my accountant should of told me that! Also thankyou Dale with your advice on the bookkeeping issue...

Hi there, we have just completed our first tax return re IP and I am not sure my accountant is maximising our return. I need to ask some questions before I challenge my accountant. 1. Fixtures and Fittings. My accountant claims as our IP was built in 1987 technically the fixtures and...

Reply: 1.1.1.1 From: Julie J thanks to Dale & Richard for your input. I will talk to my tax accountant about the issues you have raised. I am not really fussed I bought the block to build a house on in 12 months or so to sell at a profit, it was just a bonus when the neighbour offered to pay...

From: Julie J Hi all, I have a vacant block of land. My neighbour wants to park his truck on my block and has offered to pay $10 per month to park his truck there. So my question is, as I am now generating an income from this vacant block, can I claim the interest on my loan that I took...