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  1. J

    Periodic tenancy

    I have been advised by my RE agent that my tenants have not renewed the tenancy. They have tried to contact them but are unsuccessful. The lease will become a periodic tenancy. I don't like the uncertainty. I'm guessing the tenants are not thinking long term and don't want to sign? I'm might...
  2. J

    Tips for getting a better rate

    I have a home loan and investment loan totaling 650k with Westpac. Home loan variable is 7.16% and IP loan is 7.31%. I'm thinking of ringing my bank to see if I can get a better rate. I havnt haggled with a bank before. Has anyone got any tips? I did find better variable rates out there e.g...
  3. J

    Lease due to expire. Up the rent?

    Just received a letter from my agent saying my tenants lease will expire in March. The letter says the rent I'm getting is inline with the area however I would like to increase it slightly especially when interest rates are on the way back up. There are also reports today that rents are on the...
  4. J

    PM taking a while to find tenant

    The lease of my IP has expired and my tenants have moved out. My IP has been on the market for 2 weeks and I have not heard from my PM. Im thinking of contacting another agent to see if they can find me a tenant. Can I do this? Can I have more than one agent looking for tenants?
  5. J

    Scared of tax bill

    Earlier this year I completed a ITWV variation. At that time I projected my losses when my interest rates were at 10%. They are now at ~7%. Now I am concerned that I will get a huge tax bill come at the end of this financial year. Can I resubmit my ITWV variation?
  6. J

    Reypayment calculation after rate drop

    My bank dropped my interest rate by 0.8% from the last reserve bank cut. They did this on Oct 20. How does that affect my repayments? Will only part of my monthly repayment have the reduced rate?
  7. J

    Advice - Rent increase

    Hi Guys, my IP's lease is up for renewal and my PM reckons I can get an extra $30 a week. He also went on to say that's a big increase for the tennant and suggested I raise it by only $20 a week. I would like to increase the rent by $30 as I believe that is the current market but also don't...
  8. J

    Tax refund questions

    Hi, I have just come back from accountant after doing my tax refund for F07. I bought my first IP H&L package early 2006 in SE QLD. I believe I was entitled to claim interest during the construction of the house and costs to fly up there (Im from Sydney) to inspect the building. My accountant...
  9. J

    Easy way to check on the value of your IP

    Is there an easy way to check on the value of your property without getting it professionally valued? Do I have to pay for a report that tells me the recent growth of a suburb?
  10. J

    Narrabeen lost 46%?

    Had a look at the growth stats for the northern beaches of Sydney and Narrabeen apparently lost 46% value! Collaroy lost 27%. Must be a typo surely :eek: http://www.homepriceguide.com.au/snapshot/price/index.cfm?action=view&source=apm&cb=0607085223
  11. J

    Should I get a Depreciation Schedule?

    I bought my first IP Back in November. It is a H&L package on the Gold Coast and it will be finished this month. Is it worth my while getting a Tax Depeciation Schedule done on the house considering it's just been built?
  12. J

    Letting new home -pets

    I will be renting my new home on the gold coast shortly. Im not sure if I will allow pets in the house. My agent advises that 50%-60% of tenants have some sort of pets. Should I allow pets?
  13. J

    Redcliffe Qld

    I am looking at purchasing an investment property around the Brisbane area. I don't know the city very well but I like the look of Redcliffe. What are everyone's thoughts of Redcliffe and the surrounding areas? 20 mins to city and close to the beach :)
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