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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...

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...

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...

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...

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...

I understand that wraps are a strategy to sacrifice future capital growth for immediate cashflow, right? How do wraps compare to investing in high yield, low growth properties? Or, investing in high growth properties and doing the cashbond thing? Pros and cons? Also, if I were to wrap in...

Just wondering if one gets CGT 50% discount if one sells OTP-purchased IP say, 6 months after the settlement? In other words, what is the date of purchase for CGT purposes: the date of contract exchange or settlement?

I wonder if anyone could share their ideas/experiences on adding value to brand new apartments? Regards, superman

I wonder if anyone could tell me how much extra rent can be charged for furniture in an IP? (I am fully aware of pros and cons of furnishing). Is there a rule of thumb saying that extra $X to $Y can be charged per week for every $1K spent on furniture or whitegoods?

Folks, Suppose my financial situation is such that I can benefit from buying an IP, but not PPOR (say, I am a high income earner) Also, suppose that my wife's financial position calls for buying a PPOR, but not an IP (say, lower income bracket and opportunity to salary package, meaning that...

From: Anton Madievski Had an interesting conversation with one of Deppro's principals. The issue: Two identical brand new units. Both depreciation reports done by Deppro. Very different figures. Asked why. Well, according to Deppro, the difference in figures was because one unit was...

From: Anton Madievski Dale, Here's my question: Have 2 depreciation schedules (was not happy with the first one). One has higher building value, the other has higher plant value. Can I combine the higher values from two different schedules? Furthermore, can I mix'n'match plant depreciation...

From: Anton Madievski Hi all, your advice will be appreciated. I have just bought a townhouse on the Gold Coast. Right after the settlement, the resident managing agent told me that the property is occupied by the tenants of the previous owners who are months in arrears with rent, are not in...

From: Anton Madievski Hi everyone, Would like to see a discussion on exit strategies (aka retirement). I am aware of two basic strategies: cashflow based and value based. The former - I shall call it Somers-Kiyosaki strategy for no apparent reason - goes like that: borrow a million to buy...