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What a sorry world this world would be if we simply accepted things as they are or didn't bother to do anything. I don't know what to expect from the bank but if you think it's not worth asking the question....

Hardly. I haven't specified what I would I would like as a resolution. What you're effectively saying to the lender is: "You didn't stop me from being irresponsible and spending my mortgage payment money on crap, so it's your fault and I shouldn't have to pay!" LOL No. What I think I...

Maybe they all smell the same. Two up in April.

That's the problem - there was nothing wrong with the original account. It has always had sufficient money in it to cover mortgage payments. I agree - but it looks to me like there is some kind of disconnect in their system. The bank says the payments should be coming out, but they are not...

Y-Man - there is significant redraw available - more than 20% of the loan's value. Yes, the mortgage balance has been increased over the course of the year. TLZ - let me say I'm as shocked as you are. However, I don't appreciate the condescending tone. It neither answers the question nor...

Neither the T&Cs nor the Loan offer require me to regularly check my accounts. However, I am required to notify the bank of any discrepencies as soon as I become aware of them, which I have. For the purposes of this thread it's sufficient to say that it did go unnoticed. I am not asking for...

I appreciate your point of view but that's not the question being asked. I already accept that this is a little naive of me - I come from a family which never really received a financial upbringing you might say. I take out money each week from the ATM and don't often enquire on the balance...

Hi All, I posted this thread on another forum so if you're a nerd it might look familiar.... I'm pretty much a set it and forget it kind of guy. My pay goes in, I direct debit all my expenses and I try and make sure that the balance at the end of the month is greater that at the start...

Don't suppose you can build any more assumptions into the model? I don't think you've narrowed the parameters enough. It's a stupid hypothetical. My answer? Wait for six years.

You do realise that cash flow positive means you're making money, right? No point shooting for a refund if you have to throw money at it, particularly since negative gearing is predicated on capital gains. At the end of the day a loss is still a loss. I don't see capital gains happening at the...

cetirus paribus, yes, but the world is a zoo right night so it needs to be taken in context.

Any reason for this?

Hi Ronin, I've read this thread with interest. I wonder, though, why you consider that negative gearing must necessarily be related to an expectation of capital gain? My understanding is that you've bought an income asset. If that income producing asset actually cause a loss, then them's...

This sounds almost too good to be true! like thedude I'd be wary even in the light of an oral ruling. If the scenario presented to the tax office don't adequately match the facts on the ground, things could get interesting. As far as I know, if you travel directly to your place of work from...

unless you know the tax law your self, scrimping on an accountant is probably not the best way to save yourself a few bucks. There are great accountants on this board who know particularly about property and tax and will help you return many times the small amount of change that you would...

I don't know about the fencing being an issue. As I'll be potentially looking at this thing for the next five - seven years, what options exist to to improve the aesthetics of a crack such as this?

Geoffw, I did speak with the building inspector and has said that it's not out of the ordinary, he was adamant that it would not get worse. I am not an engineer by any stretch and can only go by what professionals say. Indifference, what did the building report say about the cracks?

Thanks for the prompt response kristine. I really appreciate your input. "vertical cracking was evident to several corners and adjacent to windows, this cracking is due to brick growth and horizontal movement, footing appears sound. The worst of this cracking is classified as Category 2...

Hi guys, I want to put an offer in on a house which I really like (it's for a PPOR) but I am concerned a little about some vertical cracking in the brickwork. It probably isn't a great deal and the building report describes the crack attached at Cat 2 slight as per AS2870, and not...

You can't quantify in dollar terms what your time is worth. For example, if you take your salary (if you're a salary earner) and say that my time is worth $40 an hour, you're fooling yourself because your employer is only paying your for your 40 hours at work every week. Your time outside of...