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PPOR will never become an IP: it would be owned outright and rental yield would probably be around 2%. Not much of an investment. The loan is first drawn to buy a PPOR so interest would not be tax deductible. Then the loan balance is quickly brought down to zero and then new re-draws are...

Hi everybody, Want to set a loan right for longterm. I'm in the process of selling two fully repaid IPs with contract exchanged on one and offers within 10% of what I want on the other. Assuming I sell the second IP, I will then have $X cash (with some CGT payable later). I also have a...

Thank you, everyone. I'm learning so much. I guess the question is whether it is technically possible to put a second floor on top of an existing single brick-veneer house. I would think that this question is for a builder, not an architect, right?

What about a 70s single storey split level brick-veneer house? It's not modern, but not ancient either. The kitchen is new; two bathrooms could use renovations. Building a two-storey house in place of the existing one would cost around $500k (saw neighbour's council approved plans). What...

I am considering merits of demolishing an existing single storey house and building a two-storey one in its stead versus adding another floor. I am at the very beginning of my research being at my most naive. Are there any time tested rules of thumb on the issue? Say, if a house is older...

Thank you very much, Mry.

Just want to make sure I get it right: a discretionary trust needs to have an ABN and TFN; a corporate trustee of a discretionary trust does not need to have an ABN or TFN; a discretionary trust applies for an ABN and TFN and names the corporate trustee as an associated entity; the trustee...

Come to think of it, it is probably 9.14% now. The letter is still in the mail.

Adelaide Bank, 8.89%

Appealing to the collective wisdom of the forum: When I upgraded my PPOR some 2.5 years ago I already had several IPs and so could only get a lo doc loan for the new purchase. Several rate increases later it is becoming expensive, especially compared to the interest I pay on HomePath...

Where would one start looking for a large block of land for development? I’m thinking 2-20 hectares (or more) within 1.5 hours drive to Sydney (say, Central Coast). Many thanks. superman

Hi everyone, I am buying an average 40 year old 3 bedroom single storey brick veneer house in Sydney with the intention to keep it as an IP for a year and then convert it to PPOR. Considering the age of the house and the cost of getting a depreciation schedule, is it likely to be worth it...

What would vendor’s settlement instructions to a settlement agent normally contain in QLD? Is there a standard form? Many thanks, S

Here's a good question... (takes place in Sydney) I saw a property last week with an agent who told me that they had a signed listing agreement with the vendors. I asked for a contract, but was never given one. So, getting impatient, I put in an offer in the form of a letter which was...

Thank you very much for all your suggestions. Let me clarify/reiterate: The interest on the loan is fully tax deductible and I would like to keep it that way. The PPOR has become too small for my growing family, so I don't want to rent it. Although I would dearly love to add to my 4...

I would like to do what I believe is called a partial mortgage discharge. Never done this before, so would appreciate reading recommendations, web links or just old fashioned advice. My PPOR and IP secure a single loan. The interest on the loan is fully tax deductible. Considering the...

Could someone please recommend a good property manager in Maribyrnong? If you could also give an idea of typical charges in the area (e.g. management, leasing, re-leasing, advertising, postage, etc.) that would be a huge bonus. Many thanks, superman

What would be an average solicitor's fee in Melbourne? If several people in Sydney were to buy several identical units in Melbourne and engaged services of a Melbourne solicitor to do conveyancing and Sydney solicitor to coordinate and be the Sydney contact person, what would be reasonable...

Speaking of Richmastery. I bought their software about a year ago. It was supposed to solve all my property investment problems. Cost me about a grand. It turned out to be a bunch of Excel spreadsheets of very poor quality. I could do better spreadsheets in 15 minutes. People who know...

Deppro are QLD based. I was very happy with what they did for me in QLD. However, their two Sydney reports were the worst and second worst reports my accountant has ever seen. E.g. the cost of building will not cover half the cost of bricks. 80% land value for a unit in a block of 60. All...