investment property

Hi Somersoft, I just bought a house and looking to settle in a few weeks. I am signing up to the commonwealth bank's introductory guarantee of 6.14% for the first year as it also has a full 100% offset account with the wealth package unlike the fixed rate. I am determined to have an...

Wednesday, 7 March 2012 6:30 PM - 8:30 PM Hemisphere Latitude Theatre 488 South Road Moorabbin, VIC 3189 Anybody with an interest in property investment is welcome to attend - learn from industry professionals and experienced investors who are in the market right now. This seminar is...

Dear All, I am interested to buy a rental unit in ACT. The building is built 40 years ago. I asked for building inspection documents, the agent provided me with body corporate notes for the last 2 years. The unit is vacant at the moment. The unit floor is covered by carpet; but at some...

If your into the renovating side of things when your buying investment properties. Would living in the property for 3 to 6 months while your renovating prevent you from paying any CGT if you sold within 6 years.? Then Once renovation is finished then you move on to the next buy and start...

I am currently in the market for my first home with a budget of $350k My intention is to occupy it for the first 6-12 months to avoid capital gains, then consider my next step once the time has passed. I am tossing up between a few suburbs at the moment and it has become clear that certain...

hey guys I'm wanting check if my thinking is sound CURRNT POSITION --------------- -28 year old -just about to move out of home -IP1 just paid off --> equity at least $280,000 -IP1 bringing in $270 ($1,100 net per month) -wage $82,000 ($4,400 net per month) -business income $700 net per month...

Appealing to forum members for their view on this IP that I found: Investment property I have been looking for a small IP for some time now, and have been looking at different areas Australia wide. Hotspotting.com.au (Terry Ryder) have listed the Latrobe Valley as a future hotspot with...

PPR into IP + how to get another PPR on the way Hi Everyone, I have a query I hope you can shed some light on for me. My husband and I are owner occupiers of a 1 bedroom apartment in Melbourne CBD. I've researched and found that the amount we are paying on our mortgage ( principle and...

Hi Guys, perchased my first IP about a month ago and just received a letter from Body Corp re: Water expenses and having insufficient funds to meet financial commitments. Now in a block of 8 they are asking me to pay $1044 for a "water charges and fund shortage levy".......Does that...

We want to sell our IP and intend to give the current tenants first option to buy. If the tenants did want to buy it are we under any obligation to pay the property managers any sales commission? They won't have anything to do with the actual sale but could argue they were the ones who found...

Hi, we have investment properties in a few states around Australia. After speaking to some bulider friends of mine, I have come to relize that each state has different laws when it comes down to sub dividing a property. Does anyone know of particual laws from any state that would be different...

Hi everyone, this is my first post so be gentle!! Our tenants are moving out and I at the same time would like to rent a premises to do business, so I was thinking of using my investment property for my business as my home office is way to small and the kids need the room. Is this a good...

Hi Guys, Reading the Somersoft forum I can find mixed responses to how people manage their investment properties, I hope you don't mind sharing your thoughts about how you generally do it of prefer somebody else doing it for you. It can be your Property Manager, DIY software such as Posh...

Hi, I have an investment property in which the SPA gas heater has died. It is an outdoor 6 seater spa. The existing setup i've been told is actually illegal because it uses an instantaneus flow system. The gas fitter said he would only fix if it was being rented out, otherwise he was...

I wanted to find out if it is possible to divide acreage property in the suburb of Bayview in Sydney. It comes under Pit****er council and I would be interested if someone has done this before or could guide me how I go about finding it

I have one IP in Brisbane but have recently moved to Melbourne and looking at buying another here. What is the thoughts on upcoming suburbs and prices. Would the Capital growth be better on a unit, townhouse or house? Unit I could afford closer to town but I would have to look at houses in...

Hi. I have started reading up on property investment materials available online and books but I still don't know how to apply the concepts to my situation. Different authors seem to have different views on debt on PPOR and investment properties when you upgrade. The only commonality is that...

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Hi folks, long time reader first time poster. I've just returned from a visit to my accountant ... and he's totally freaked me out. This is why: I have an investment property with an interest-only investment loan @ 80% LVR. There is an offset account attached to the IP loan. Am I able to put...