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Hi All, Can anyone explain to me what is the advantage of having a renewal on a rental lease, after tenants lease expires? My property agent says no need for a renewal, but I don’t agree with them & have instructed them to have the tenants sign a new 6 month lease. What if tenants don’t...

Hi everyone, I’m interested in purchasing a PPOR & trying to find out which way I should structure my finance for this purchase.:confused: I currently have a PPOR & no mortgage on it, so no FHBG for me. My parents & I own this property & do not intend to sell; parents will continue to live...

Hi all, What does everyone think about this kind of deal? http://www.vision6.com.au/em/message/email/view.php?u=9922&id=519922 What would you say the advantages and disadvantages are in going ahead with this kind of deal? Now probably most of you would say that the 10 year lease...

Reserve Bank keeps rates at three per cent. http://www.theaustralian.news.com.au/story/0,25197,25575145-12377,00.html

Hi All, A solicitor firm has filed a Statement of Claim against me through the Registrar of the Local Court. About a year ago I had contact this Solicitor firm wanting to find out what is the process at selling one of my IP’s, at that time I spoke over the phone to solicitors...

>> Heritage Building Society << Hi all, just going through the process of refinancing and my MB has recommended me " Heritage Building Society ". Looking at fixing for 5 years & this one makes the list. Has anyone used them or have any comments? Cheers:) George

Hi All, Has anyone got an IP in Blacktown trying to have it rented out? I’m asking this because; I have listed my Blacktown IP for lease & having troubles getting interested tenants. Spoke with PM & they say that there is a lot of properties listed for lease in this area & rent price’s are...

IP #4 added to my portfolio:). I’ve been searching 6 months trying to find the right IP & finally found it, only time will tell if I’ve done the right decision. The IP is a 3bd house (brick veneer) on two lots of land (1250sqm). At this stage the house will need a minor renovation & have it...

Hi all, I’ve put a verbal offer on a property & have been contacted by agent that vendor has accepted the offer. Now my question is, agent wants me to go today to sign the contract. I just wanted to know if this is the way to go with the purchase or do I need to have to contract checked by...

Hi All, Does anyone have any thoughts on Blackbutt? I've heard some predictions for a 10+ growth in this area.:eek: It seems like a good area, close to nice beaches (great fishing:D), shopping’s. I just don't get how they come with a 10+ growth in the next 8 years when I just don't see...

Hi All, With a budget of $400k, I would like to know what your thoughts are in which capital city you would invest your money. I’m more interested in Sydney and Melbourne. And why would you invest in that chosen city? Now I would expect more Sydney residents to say invest in Sydney &...

Hi all, Can anyone tell me if Macquarie Bank are or will be applying the rate cut of .25 following the major banks rate cuts this week? Has anyone heard that they will be doing soon than later? Cheers:) George

Hi, Is it worth negotiating for a house that has been infected with white ants? Spoke to real estate agent and says that vendor is ready to accept any offers, offers low as what units sell in this area. Agent is also the one that has told me that there are white ants, so I would not know...

Hi all, If I have more money in my offset account than I owe on the loan, what happens with the interest offset rate? Does the bank pay the interest earned into the loan or nothing really happens? Cheers:) George.

Gladesville or Kogarah Opinions!!!!! Hi All, I have been looking at purchasing our next IP with a budget of $350k - $450k. I’m interested in a 2BR Unit in Gladesville or Kogarah, in the low $300K’s. Just wondering, what are people’s opinions of these two suburbs? Another option I’ve been...

Westpac has lowered their Fixed Rates significantly. The following Home and IPL fixed interest rates will be effective from 26 August 2008: Term Current rate New rate Movement 1 year - Guaranteed 8.89% 8.59% - 0.30% 1 year 9.29% 8.69% - 0.60% 2 year 9.29% 8.59% - 0.70% 3 year 8.89%...

Hi, I’m interested in purchasing an apartment, but the only problem is that it’s currently tenanted for a very low rental rate (I mean under market rental value big time) till late 2011:confused:, but the good side of it is that the vendor is willing to sell below market price. My question...

Hi, I’m interested in getting a loan with AMP, was wondering if anyone on this forum are using AMP as their lender & share some information regards service or if any issues? Cheers:) George

Hi, Can anyone tell me how the land tax threshold is calculated? Does the total threshold equal to what me & my partner own or is it individually calculated to what ever percentage we own on each property? Cheers:) George

Hi team, As everyone is aware that it is end of financial year & time to visit the accountant, I was wondering if there is any spreadsheet template or software that I could use for my IP’s? Inputting all required data such as expenses, profit, etc, and then passing the info to my accountant...