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Hi there people Three weeks into a tenancy our Suncorp insurance works to have a roof replaced on our investment property commenced. They removed the asbestos roof and tarped it up overnight before a large deluge caused some leaking. The insurance repairers are in there the next day...

Not being a builder myself, I would like to know how much more expensive it is to build a house on sloping rock than it is on a flat soil surface? I'd imagine that there would be at least two options - a pole home or cutting into the surface to make it flat before laying the usual slab...

Hi everyone If I obtain a LOC secured against a property that in total with that lender is above 80% LVR, how/when is the LMI applied in relation to when the amount is drawn down upon? For instance, if I get a 90% LVR LOC will the LMI be capitalised within that LOC regardless of whether I...

http://www.theaustralian.news.com.au/story/0,25197,25839599-601,00.html

Hi everyone I would like to get some rough ideas on whether some kind of structure involving a Family Trust might be beneficial for my situation. My wife and I both receive decent Government salaries which we utilise most effectively by salary packaging mortgage repayments, electricity...

Hi everyone I have a quick question... My friend is desperately trying to jump in before June 30th for the FHOG and is considering CBA's 12 month "honeymoon" rate. I have suggested to her the possibility of locking in a great 3-5 year fixed rate later this year when rates possibly...

Just went to check the sale history of a property (which I tend to do every 2nd day or so) and noticed that you need to subscribe to obtain sold property reports now. Although I believe it's only something like $5 pa to subscribe, but it's more the hassle of signing up etc. Can anyone else...

Just got a quote for tiling in my PPOR bathroom and toilet (separate but next to each other): JOB DESCRIPTION Remove existing tiles and vinyl . Resheet toilet floor ready for tiling. 4 sqm of tiling PRICE $500.00 GST $50.00 TOTAL $550.00 The tiler pulled up a couple of the...

I currently have 2 fixed rate loans (Suncorp) for an IP. One secured against the IP itself (80% LVR) and the other secured against my PPOR. 1. If I sell my PPOR (either to my family trust or to another buyer altogether) am I able to transfer security to the new PPOR without incurring the...

:)Hello to all the mortgage brokers and knowledgeable persons! I would appreciate some information and advice on my situation which is as follows: PPOR bank valued at $385K - current loans $247K + $79K (84% LVR) IP1 bank valued at $317.5K - current loans $254K (80% LVR) I spoke to a MB...

If the TV in my fully furnished rental property carks it, can I claim a tax deduction? Is this considered a repair/maintenance or would I only be able to claim it as a depreciating asset?

Well, no it's not really very much equity at all... it's more a problem of not being able to access PPOR equity without selling, and not wanting to sell because the current stage of the market cycle seems to be more conducive to buying than it does selling. So I was wondering whether the...

This might be more of a question for the mortgage brokers out there... I would like to sell my current PPOR so as to upgrade to another. However, currently I have another loan against it for my recently purchased IP. My question (which probably has a very simple answer) is how do I go...

I would like to sell my current PPOR so as to upgrade to another. However, currently I have another loan against it for my recently purchased IP. My question (which probably has a very simple answer) is how do I go about this in terms of loan structure and process? Further details of my...

I'm wondering if anybody might be kind enough to shed some light on a few possibilities I'm thinking of. I have a PPOR worth $400K with two mortgages on it: 1. $250K remaining on PPOR debt (non-deductible); 2. $80K which has been used to purchase a $330K IP (deductible). My $330K IP...

Fixed Rates going up quickly Sorry. I think I over-reacted.

I just wanted to vent a little of my frustration right now in attempting to have my first IP settled. Perhaps the easiest way to convey some of that is to quote from an email that I just sent to my mortgage broker. :mad: Also I include a summary of frustrations in the process so far: *...

With more rate rises inevitable, what do others think about fixing a rate at the moment to avoid the ride to 9%? I'm considering 8.34% fixed for either 3 years or 5 years...

About to purchase my first IP, I thought I'd check whether my finance structure is sound. Current PPOR: Value: $400K Owing: $250K (Suncorp fixed rate of 6.55%) IP to be purchased: Value: $335K Costs: $15K Loan 1 $82K borrowed against equity in PPOR ($15K costs + $67K deposit for...

My wife and I are likely purchasing our first IP in a few weeks and we were thinking of using a hybrid trust on advice from an accountant. My question is, do we need to set this up before signing a contract to buy, or can we sign the contract in our names and then approach our accountant to...