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Simple question I hope! I have fixed interest, interest only loans with Westpac, I would like to release some equity in the properties in the form of LOC, is there an issue with adding a LOC to current fixed loans to access the equity? or do I have to wait until loans change back to variable...

Cockburn council in Perth, are in the process of re-zoning Coolbellup, and it looks like my block is going from R20 to R40 :). I built a new house last year on the block, but left enough room for the planned future subdivision, as I was aware the area was probably going to be re-zoned. My...

Just received a letter from the Taxation Office asking to "Please check your rental expenses in your 2008 tax return" :eek: The letter seems to indicate that they are giving me an opportunity to check those expenses to make sure I have claimed them correctly. It gives some general guide...

Hello, Quick question that has been bothering me for a while. I have just sold my PPOR and moved into an old IP. My intentions are to demolish this old IP and build a new house in the next 6-12 months. Is there any problem/tax issue/etc with making this property my PPOR for the next...

Gday all, Just sold my PPOR and now going to live in what was an IP. This property has a current mortgage of 144k. Currently I have another IP with an offset account, in that offset account I have 189k available to redraw. I only owe 194k on this property, so with the 189k in the offset...

Hi all, as maths is not my strongest subject, I would appreciate any savvy forumites helping me out with this two part question on Capital Gains and selling shares at a loss to offset Capital Gains. Here is the data: Bought an old house for 213 000, demolished the property and built 2 houses...

Has anyone heard of this mob? A mate of mine is going to give them a go next week, he said it cost $4000 to set up and they claim to be able to reduce your mortgage interest rate using some equity/excel program. He does not have all the info yet but said something about 2 accounts that off-set...

Hi all, I am currently looking at selling my PPOR, which I own outright and valued at around the $450k mark. I intend to trade in shares with this cash and estimate a 10-15% return from this type of investment. I understand that selling property is probably not the preferred option for...

A simple question…maybe? In the process of buying a car - I have 30k in cash available. Would you buy a car and pay in cash? Would you pay down the mortgage on your PPOR or IP’s with the cash and perhaps redraw cash to pay off a car loan? The car is for personal use. Lacasa

This is probably a simple question to ask but I don’t have a good grasp of this yet. Assuming a property value of $1M with a debt of $350 000, which gives me $650 000 in equity. Now if I apply for LOC, I should be able to get a loan for 80% of the available equity, right? Which would mean...

Has anyone purchase in Bogota, Colombia? I worked there a few years back and have some contacts still, so I know the city and some of the problems associated with Colombia. However, my contacts tell me that prices are on the up and up, 20% Capital Gains on apartments in the North side of the...

I think this question fall under property finance…but it could also be investor psychology I guess, will leave that up to the moderators. OK so here I am re-assessing my life at the age 44, having worked for 29 years, with one month to go on a job that has paid very well for the past 3...

Hi all, I have been playing around with some figures and need some help to see if I’m missing something! I have 4 IP’s and one PPOR with a total estimated value of 2.5M I have a total mortgage debt on these properties of 965K By my simple calculations I should be able to do the...

I own approximately 2.5 million in property by my estimated valuations (this includes my PPOR), which is nearly paid off with a value of $450-500k. I have a total mortgage debt of 1 million, leaving 1.5 million in equity. My questions are probably very basic? But what are the steps required...

Living with the motto that you should try to purchase items that appreciate in value, and needing to buy a car in the future; what would the forum gurus recommend in regards to cars that appreciate in value, rather than the usual story of a new car losing 20% of its value when you drive it out...

Sunday Times Article, hope the link works? http://www.news.com.au/perthnow/story/0,21498,19542025-951,00.html Lacasa

Hello all, Looking for some advice on how to make my investments work harder/better. I have 5 properties in Perth (one being my PPOR). I’m thinking of selling my PPOR reducing debt or paying off some IP’s. First some basics: PPOR valued at $420000 (owing $38000) IP#1 valued at $410000...