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Hi all My wife and I have recently purchased a PPOR in Port Melbourne. It's an old single fronted weatherboard victorian. It needs a lot of work, of which restumping is one. Does anyone have any suggestions for a good restumper? ie fairly priced, will do a good job and good to deal with...

Hi all I"m looking to establish insurance for my wife and my recently purchased PPOR (we settle mid Jan) in Port Melbourne. It's a 1870s single fronted victorian in very original condition. One question insurers are asking is whether it has been rewired recently. Access to the property is...

Hi all My wife and I are currently purchasing a new PPOR and have just had our finance approved through westpac. My wife's finance on her previous property which we have just sold to fund this new purchase was with also with westpac settlement day is in fact the same). They are offering us...

Hi all I've tried searching for this, and amazingly have not been able to find a clear answer... I've just sold an IP and prior to the sale was claiming deductions through a certified depreciation schedule. I am trying to understand how this will effect the CGT paid. Some basic figures...

Hi all The oven at one of my IPs door won't close. It seems to be a hinge issue leading it to not seal properly. The property is in Frankston. Can anyone recommend a good appliance technician in the area? Cheers Jeremy

Hi all This is a simple question, I think, which I’m sure has been raised previously, but I’m unable to find advice that is clear. The question is this: Does the ATO require individuals to have a reason (other than for financial gain) to rent out their PPOR in order to rent elsewhere and...

Hi folks Just looking for any recommendations to lease a property furnished (or not furnished if necessary) in Abbotsford, VIctoria. I've done and search and two recommendations were Ray White and Hamton. I'll speak with them today. Secondly, any thoughts on what sort of rates are...

Hi all Apologies for asking this question again, as I'm sure it's been answered lots of times, but I can't seem to find the answer... My scenario: I currently have 2 IPs with no PPOR. I am renting with a friend (not in either of my places) and a financial advisor has told me that I could...

Hi Due to recent separation my wife and I are needing to have our property valued so that we can work out settlement. Can anyone recommend me a property valuer in Mt Eliza Victoria?

Hi all I am in the unfortunate situation of going through the process of separation with my wife. We are currently living in our house (PPOR) in Mt Eliza (Victoria), which we will need to sell this as neither of us can afford to buy the other out. As a result I am looking to now...

Hi Quick question for those in the know... If i receive money from a friend who will be living with me for a few months at my PPoR, does this become "taxible income" for ATOpurposes? The idea is really to simply to help offset costs of food/heating etc, but fear the tax office might not...

Hi all In the current climate of rising interest rates, I was quite suprised to see little discussion about fixing interest rates. I'm currently with CBA on the "rate saver" for my PPOR, and owe $395k still. My rate is variable (currently 6.18%). I am considering refinancing or moving half...

Hi all I have 1 house and 2 units in Frankston (VIC) and am after some advice who to get to do depreciation schedules for these houses. I’ve had a look on the internet, and prices vary enormously, and it’s difficult to tell what the differences are in what’s offered. It looks as though...

Hi all Just thought I’d share some unexpected and interesting good news. As some of you may have read, we sold our PPOR which settled on 5/12. We had a fixed rate loan (7.89%) with ING owing 202k. I had been quoted between 13500 – 17500k to break the loan – the quote changed each time I spoke...

Hi all This is a simple question but I can't seem to find the answer. I am aware that the Reserve bank is meeting again on 2 december and that it's expected that there will be an announcement of another rate cut. My question is when the cut (assuming there is one) will actually take...

Hi all I've sold my PPOR and am stuck with either paying huge break costs, due to breaking a loan fixed at 7.89%, or moving the loan to another property (with a "portibility option"). I'm thinking this might be an oportunity to buy another IP. Only thing though, it would need to be cheap. Ie...

Hi all I have just sold my PPOR (wanting to buy another bigger/better etc). I have a loan of 210k fixed at rate of 7.89 through ING. There is 4 years left of the term and therefore my break costs will be expensive. I spoke with them on Friday and they said that the cost will be $13700...

Hi all I had thought that the answer for this would be quite easy to find on the ATO website, but sadly it's not. I've made the decision to sell one of my IPs. I signed the contract to buy it on 6 Sept 2007 and settlement occured on 23 october 2007. I understand that if I sell it again...

Hi All I attended an auction on Saturday for a house i am interested in purchasing. I didn't place a bid, and it was passed in. I've since spoken to the agent about making an offer, but she informs me that I would not be able to make an offer with conditions on it (ie subject to finance and...

Quite a quick question – Context: I’m recently married. I own 3 properties and my new wife owns 1. Mine are in my name only. Her’s is in her name only. I plan to sell 2 of mine, and would like to have both our names on the remaining 2 properties. Question: How do I change the name...