loan

Hi Somersoft, This is my situation, I am in my early 20's and had saved up a healthy deposit. Due to still studying and not having a full time income I had difficulty gaining a loan but I wanted to do so in order to get in the property market a couple of years earlier and rent it out whilst...

Hi, Many thanks in advance for your advice. My husband and I recently bought our second IP and our broker steered us towards the ANZ Breakfree package as the best option for our current and future needs as we will have 3 loans within the next year. Curr Rate is 0.8% off svr (6.56%). Fee is...

Hi, I would like to get advice on this investment proposition: I currently own a residential property(A)(mortgaged) and the property directly behind me (B) it is up for sale. The previous owners of B prepared a Development Application to knock down the existing old house and build an...

Hi All Long time follower of ss but first time poster :) I have read a number of posts in relation to this topic already and am somewhat :confused: so apologies in advance... My simplified understanding is as below…I would be grateful if someone can please shed light in respect to tax...

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...

Hi All, I have heard about the gift and loan back strategy for family trusts for a while and was wondering if it was necessary (or even worthwhile) to have formal documents for i) the deed of gift ii) a loan agreement and also, iii) whether it is necessary for the gift amount to...

Hi, How do I work out my loan structure preference for Fixed and Variable rate? Any opinioin/expert recommendations? I have been told that generally people go for 100% variable. But nowadays, going into a 3 years fixed rate loan would be preferred given that there may be some rates hike...

Hey all, New reader of the forum, new member and keen to invest. I have yet to find an answer to this, so i thought id chuck it in here too see peoples views. Say you have a PPOR that you bought (took out a loan) for $300 000. And whether it be by sheer luck or waiting 10-20 or so years...

I am a first home buyer. How do I determine whether I should go for a fixed or variable rate? What are the things to remember? Also, is it a common practice to negotiate a rate (either fixed or variable) with the bank? If yes, can I still negotiate a rate after I have been pre-approved?

Hi, I am a new investor. I bought my first unit at 127k, with a loan of 112k currently remaining. The unit is valued at 187k. I am new to investing but constantly read magazines, articles and i research everything. I am new to certain terminology however i am gaining some idea by...

We just set up a new Property investor trust through Chan & Naylor few months ago, and are going to start our property investment soon. I read lots of articles, and know that our trust is one of the HDT, I also notice about the TD 2009/17 and read some discussions in the forum, but I cannot find...

Scenario: - OTP property due for completion & settlement mid-June - 10% deposit paid - Partner & I entered contract both employed with significant income to service loan - I have since lost my job and partner's income insufficient to service loan as owner-occupier - However, partner's...