If an area is set aside in your house as a place of work (in my case, a granny flat), and you are a PAYG employee (ie. not self employed), and...
Got a question from the tax office regarding the percentage ownership of a property I recently sold (property was owned jointly). Need to show...
Approaching the 6 month point of a new loan. Is it worth a phone call to the bank seeking a 0.1% haircut. Hairdressers in Melbourne are all...
Received a quote from a sparky today to replace 39 downlights in my house (all bedrooms and living areas have them). Current downlights have the...
I was recently offered a business overdraft for my company bank account. I did not take it up as I thought it could impact a credit application in...
In Victoria, if you buy 1 IP in your name (100% owned by you) and your wife buys an IP in her name (100% owned by her), are they treated...
I have found reading these loan tips from Terry really helpful to me recently, so I thought to post them in list format in a single thread so...
Having just sold a PPOR, we have decided to rent for a period of time. I was close to signing a 6 month lease for a rental, only to baulk at the...
A question for the savvy mortgage brokers out there. I am thinking a establishing a company to assist with managing my property portfolio. I am...
When buying properties, it is prudent to have your finance conditionally approved ahead of making an offer. You then make an offer ‘subject to...
If you sell an IP that is funded through a fixed rate loan (and pay off loan in its entirety), the bank will ordinarily charge you a break cost....
i work a full time job but a former colleague has been asking me for a number of years to do some consulting work for him on the side. I have...
I want to provide some money for the care and welfare of a person living overseas (UK). The person is not related to me, but was in a long term...
If you have a P&I Investment loan, and seek to move it to IO, I understand it is ordinarily a full application. However, does making such an...
How do banks assess bridging finance if you plan to upgrade your PPOR? Consider the following example. Person intends to buy a PPOR for $3.5m....
A question for the experienced NSW property investors. I see NSW has a mandatory 5 day cooling off period when buying property privately (not at...
I just got my land tax bill. Despite not buying a single additional property in Victoria in the last year, my land tax bill increased 55%. Yep,...
If a person has a discretionary trust, they can inject money into the trust either by gifting it, or lending it to the trust. It strikes me there...
I am short sighted and have been wearing glasses most of my life. The other week, my glasses broke, so I left them with a repairer for a couple...
I think it was Kirk Douglas who said that - ‘you are not living unless you are giving’. Anyway, as I grew older, I felt that Christmas was...
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