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    Question about Loan-Structure and minimising CGT

    Sir, thanks for this! Appreciate you quoting the exact income tax acts, and I didn't know that a surplus in the offset account be used to compensate for repayments if one is behind. Very much appreciated.
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    Question about Loan-Structure and minimising CGT

    Great info - thanks Durka. I didn't realise it only applies for up to 6 years. Settlement is in 3 weeks so I'm not sure if there will be enough time to go through with this ; plus Jess mentioned it could be construed as tax avoidance - which I wasn't aware of!
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    Question about Loan-Structure and minimising CGT

    Thanks for this Jess - you're right, putting the money into an offset account would give much more flexibility if I'm ready to buy a 2nd IP (or need to fork out for an emergency, wedding, holiday, etc.) within the next 5 years.
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    Best PM on Sydney's Northern Beaches by far

    Hi, I've just purchased an IP On the Northern Beaches and tried to contact Stephen Scutts; he no longer appears to be with Hardy Mona Vale, and the phone number for another company he started (CastleRock ) has been disconnected. Does anybody know of another good PM on the Northern Beaches...
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    Question about Loan-Structure and minimising CGT

    Hi All, I would appreciate your advice on the below loan structure for a 300K loan, for a $530K IP. I don't have any other mortgages. LOAN STRUCTURE 4.55% "choice package" with NAB (has redraw & offset features) Will choose variable interest rate (but might fix half at 4.55% for 5 years...
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    500K to spend on IP - Northern Beaches?

    Seechange's view was that one should buy on the beach-side of Pittwater road, as it's closer to the beach , caf?s, restaurants. If you buy on the other side of Pittwater, you need to cross 6 lanes of traffic to get to the shops and lifestyle attractions, so it's less convenient for tenants...
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    500K to spend on IP - Northern Beaches?

    Yes I bought on the beach side. Ever since reading See-Changes comments a few months ago, I focused only on that side of Pittwater Road! Thanks for you thoughts on the aspect - you're right, it's not really that bad. The place was pretty well naturally-lit during inspection. And perhaps...
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    500K to spend on IP - Northern Beaches?

    Hey Beachside, What your RE contacts told you about a lot of people wanting to live here is reassuring; and the demand should increase even more once the "Bus Rapid Transport" system rolls out. Meanwhile, yeah it's surprising how the listings have suddenly gone dead. There's practically...
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    500K to spend on IP - Northern Beaches?

    Hi all, just a quick update - I've bought a 525K 1BR IP in Dee Why. The unit is on the 2nd floor of a 3-storey building - a boutique block of 12 built in 1969, that's been very well maintained. The location is good - very close to Coles, express bus-stop to city, and 10 minutes walk to beach...
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    500K to spend on IP - Northern Beaches?

    Thanks mate - I haven;t even looked on that side of Pittwater Road, as I figured the best investments would be on the beach side. But with prices being what they are - and the advantages you mentioned - it might be worth looking into. Otherwise, I might have to focus on 1BR's on the beach side.
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    500K to spend on IP - Northern Beaches?

    thanks cliff. I wasn't even considering the upper Northern Beaches at first (as I thought they were too far from CBD - even getting to CBD from Curl Curl is a pain), but after reading your old posts, and hearing about the Warriewood Mall development and transport upgrades, I'm seriously...
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    500K to spend on IP - Northern Beaches?

    I was reluctant to consider Collaroy and Monavale at first, as I work in the city and from where I live (Curl Curl) it's nearly a 3 hour round -trip. But you're right, there are other things to consider - like lifestyle. And it's great to hear about Warriewood Mall being expanded. I'll keep my...
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    500K to spend on IP - Northern Beaches?

    Thanks for this info, Logica. I was aware of the "Bus Rapid Transport" scheme but didn't realise that Baird has already committed $633M to the project (I wasn't sure if it would actually go ahead or not - looks like it's going to). Appreciate your comments about 1-bedder units, too. I'll...
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    500K to spend on IP - Northern Beaches?

    Hi all, For the past few months I've been trying to buy an IP on the Northern Beaches (110K+ deposit, 400K+ pre-loan approval). I've been picky, so in 3 months of searching, I've only found three desirable IPs. But on each occasion I've been out-offered by another buyer (I was willing to pay...
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