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  1. K

    Certificate of Title and 88D document

    Hi everyone, We've recently bought a land and settlement took place last week. Builder is now asking for 88B document and Certificate of Title. Tried to contact my solicitor and the bank but to no avail. Tried to find it online in the LPI store but nothing there. Can I ask where and...
  2. K

    Warnings over a 'buyers' strike' in property

    http://theage.domain.com.au/real-estate-news/warnings-over-a-buyers-strike-in-property-20110331-1ch3b.html http://www.theage.com.au/business/online-campaign-targets-high-cost-of-housing-20110330-1cfeq.html?rand=1301527392853&rand=1301527392853
  3. K

    Australian homes most overvalued in world - survey

    Does anyone know where to find the full result of this survey? I'm interested to know where China is? I was expecting China to be ahead of France. I don't understand why they use ratio of house prices to rents. ------------------- AUSTRALIANS love to watch their home values rise but a...
  4. K

    Tax homes and control mine boom, CEOs urge

    I don't think Labor, Liberal or any other political party will support this. It will be a political suicide. http://www.smh.com.au/business/tax-homes-and-control-mine-boom-ceos-urge-20110225-1b8kh.html
  5. K

    Display Home

    I'm considering purchasing a display home with a guarenteed 7.5% for 5 years. Pros: - positive geared from day 1 - guaranteed rent for 5 years - Insurances, rates and water paid by the builder Cons: - Hard to secure a loan. Does anyone know why banks dislike display homes? - Often...
  6. K

    Sydney property prices set to double

    Do you agree with these predictions? ---------------------------------- UP TO half of Sydney homeowners are set to become property millionaires, with house prices predicted to double in the next decade. Figures prepared exclusively for The Sunday Telegraph by Australian Property...
  7. K

    Secret summit of top bankers

    Wonder why all these top bankers heading to Sydney? Do you think we are in a W-shape recovery? http://www.news.com.au/business/secret-summit-of-top-bankers/story-e6frfm1i-1225827289543
  8. K

    What percentage of sale price has CGT liability?

    Just a quick question... My friends are selling their PPOR. Their PPOR was previously their IP for 4 years before they moved in and lived in it for the last 5 years (they originally bought it as an IP and had it immediately rented out). Being an IP for the first few years, what percentage of...
  9. K

    Can I claim these?

    Hope somebody could help me clear this up. I bought an IP last year and used the redraw account of my PPOR to pay stamp duty. Is the interest due to this tax deductible? My redraw account doesn't show the total interest per month as it is already incorporated into the total interest of...
  10. K

    Parking issues

    We've been living in our PPOR for more than 2 years now. The house beside us has been finished nearly 2 months ago and our new neighbours moved in about a month ago. They have 3 cars... 2 decent ones and one which looks like not road-worthy. Two weeks ago they've started parking the...
  11. K

    Another PPOR to IP / IP to PPOR question

    Scenario is like this: Value of PPOR = 500K PPOR Loan Balance = 300K (with 100K in redraw) Used 100K from redraw as deposit to buy 600K IP. PPOR Loan Balance is now 400K (0 in redraw) IP Loan Balance is 500K After 3 years… PPOR Loan Balance is still 400K but has 100K in offset...
  12. K

    Bank won't allow us to change loan payment to IO

    Our bank informed us that we cannot change our loan payment from P + I to IO. The reason they gave us is our LVR is 85% and there is no LMI on this loan. When we were in process of applying for this loan, they informed us we can change it to IO anytime. We don't think this is fair. They cannot...
  13. K

    Australian housing bubble 'yet to burst'

    AN international group has predicted that the housing bubble in Australia is yet to burst. The public policy group Demographia says a comparison of median house prices with median household incomes in Australia, Canada, Ireland, New Zealand, Britain and the US found Australia has the most...
  14. K

    First Home Buyers

    First home buyers camping outside the sales office just to purchase a block of land.. crazy :confused: http://rouse-hill-times.whereilive.com.au/news/story/field-of-dreams1%20/
  15. K

    Annual API Hot 100

    Hot location in NSW according to API -Ballina -Bathurst -Bondi -Chippendale -Cooks Hill -Dee Why -Dubbo -Elizabeth Bay -Erskineville -Gordon -Greenwich -Hurstville -Kempsey -Kensington -Leichhardt -Leumeah -Marrickville -Newton -Normanhurst -Paddington -Point Piper -Potts...
  16. K

    Parklea NSW

    I was checking Parklea last week to look for IP. I found that prices of land and houses are cheaper compared to Stanhope Gardens and Kellyville Ridge. Anyone here familiar with this suburb? Any issues or bad things I should know about Parklea?
  17. K

    House bubble bursts, but whose fault is it?

    "The Sydney housing market is in a bind - we have a shortage of housing and huge demand but that isn't going to stop prices declining further. I think we'll see prices fall by another 10 per cent this year - and that's without another interest-rate rise."...
  18. K

    Sydney is world's best city - again

    THE weather has been rubbish, the hospitals are crook, the trains are late and crowded, and housing prices are through the roof. Yet Sydney still sparkles in the eyes of more than 10,000 people in 20 countries who have rated it the world's best city for the second year in a row...
  19. K

    Street with DOCS Housing

    I'm looking at this property in Blacktown as an IP. The asking price for this 5 bedroom house is below the market value. I did some checking and found out that a non profit agency purchased a house in that street. This house is now being used as residential home for kids under the Department of...
  20. K

    Converting PPOR to IP and using a bit of equity to purchase new PPOR

    For example: Current PPOR: Value: 500K Offset: 100K Loan: 350K, 50K redraw If I wanted to buy a new PPOR using the offset (100K) and redraw facility (50K) as deposit, and convert my current PPOR to an IP, would there be a problem if my current loan goes up from 350K to 400K? Come tax...
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