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Hi Somersofters! I've got a query regarding the deductability of a deposit. Here is the situation Purchased a IP (my first) in a private treaty on the weekend, a 10% deposit is due tomorrow. I have the funds available in an offset facility on my PPOR loan and intend to finance 100% of the...

Hi guys, Does anyone have any recommendations for newly published books on property investing in the current environment? Thoughts appreciated.

Interesting presentation. http://www.youtube.com/watch?v=pMcfrLYDm2U There's also a nice quote in there that could easily apply to the credit crissis. "We can't solve problems by using the same thinking we used when we created them" - Albert Einstein

Thought this might be of interest to some From an article in the BRW on Sept 4-10 2008 that talks about rising rental yields and falling interest rates shows some real opportunities around Australia for property investing. List of high yielding locations mentioned in the article...

Offset or Redraw Hi Guys, I know there are over 100 PPOR to IP threads, I've read quiet a few but I'm still a little confused :confused: Here's my situation. PPOR Equity - $150K PPOR P&I Loan - $250K Redraw Available - $10K I have just had a windfall of approx $50K. As I...

Hi guys, Just interested to see peoples thoughts on purchase prices (forgetting the specifics). Does anyone only buy on a general principle on what they think is price range that gets the most growth. For example -Only buy at or around median city price as it's the price half the...

It seems fairly certain that the RBA interest rate will be dropping after they meet next week. Just wondering what people's thoughts were...0.25% or 0.50% I noticed that the first rate cut in the cycle following a series of rises has historically been 0.50% Jan 1990 -0.50% Jul...

Another Day another set of conflicting stories. :confused: House prices are a bubble waiting to burst ARE house prices going to crash in Australia as has occurred in the US? Based on West Sydney University economics professor Steve Keen's regular Debtwatch newsletter, the answer is...

FYI http://www.theage.com.au/national/grollo-joins-1bn-plan-to-rejuvenate-coburg-20080612-2po9.html THE $1 billion plan to rejuvenate Coburg has moved a step closer with the announcement of a development partner for Moreland Council's ambitious urban renewal project. Grollo family...

Hi guys, I'm new-ish to this property game but have learnt a lot from this forum, great stuff. Interested in your suggestions in this situation. First the plan.... 1. Now - Approx. $275K savings, no debt, no IP's, no PPOR. 2. Purchase PPOR (House 1) for $350-400K 3. Use approximately...

Minutes released from the Feb 5 RBA meeting...seems we almost had a 0.5% lift in rates and could still happen next month. http://business.theage.com.au/reserve-bank-considered-05-rate-rise/20080219-1sx5.html The Reserve Bank of Australia (RBA) had considered raising interest rates by as...

Hi All, I'm considering removing an internal wall as part of a renovation to a small 2br unit. (see plan attached) This would open up a small meals area into a much more usable space, however this will mean that the master bedroom will now be accessed directly from the meals/kitchen/living...

Looking for some advice, I'm looking at a property that is up for auction on the w/e. Yet the REA is unable to provide the section 32. I've been on him about it for the last 2 weeks and every day he tells me it should be finished by the end of the day. Should this be cause for concern. I...

Been looking at a property the last few weeks, due for auction this coming weekend and the real estate agent has mentioned a few time that the owners would like an offer prior to the auction. Not after being asked just put forward out of the blue. What's you thoughts on this. Is the agent...

From The Age this morning... which suburbs or areas are the likely winners from this large infrastructure project. VICTORIA has sent a senior official to China to study tunnelling techniques as the state steps up plans for a multi-billion-dollar east-west tunnel to link Melbourne's freeway...

Hi All, Does anyone have any suggestions for mortgage brokers? I'm located in inner Melbourne. This is for my 1st purchase (PPoR), a bit unsure about going with one of the large franchisors like MortgageChoice.

First time poster, looking to get my foot in the door with regards to property. I've found a property in middle northern melbourne suburbs. The land is approximately 850m2 including a old weatherboard house. The property is a corner block and looks as though it could be split down the middle...