Makes sense I suppose. This should work out ok in the long run. It just took me by surprise because the area up there doesn't come up very often...
Hi, Just trying to get some perspective on something that recently happened with my client. Last month the client used a buyers agent to...
There are a lot of models for advice out there but many advisers do work on a percentage of asset basis. I moved away from that model as I don't...
Probably need more detail about the deal to give you meaningful recommendations, but should you really have to explain this to your broker? And...
The notion that brokers try to push clients towards lenders that pay a higher commission is largely a myth. Most brokers are just trying to get...
This post is all over the place, are you sure he's just an accountant? Anyhow, instead of rushing into a decision, why not get a second opinion...
I agree with this, especially for Mango Hill. @skuzy , how long has it been vacant? Your property manager should be offering solutions and ideas...
Loan interest is normally your biggest expense, then strata levies if you have a unit. If you find that you're struggling with IP expenses and...
If your outstanding debt on that property is now $470K, then yes, that's correct.
Local property managers can sometimes be good sounding boards in terms of streets (or areas) that they would prefer not to be servicing.
Why not schedule your property expense payments and record your income and expenses on a more regular basis? I do mine weekly. It usually only...
Just to clarify, if a financial adviser has advertised themselves as 'independent' and receives a trail commission they have broken the law.
Are they saying the new rules are ratified by APRA? Sorry, I'm not an AFR subscriber.
You seem to be on the right track with your conclusion, however I think it would be good for you to get a second opinion from a financial adviser....
@northy163 if your current bank valuation is $650K and total loans outstanding are $500K, then your actual equity available at 80% LVR is $20K....
No problem to buy an IP and pay off your PPOR at the same time. You probably won't want to use the money in offset to fund the IP though, because...
Given ANZ's recent behaviour, it really seems like the majors take turns in not passing on the full rate cut.
I agree totally. They must have been counting on an investor buying this property rather than an owner occupier. Anyhow, if you go ahead with...
These insurance products that you've listed change all the time and there are so many nuances you need to understand in each policy before making...
@laam your intentions seem noble, however you may be overestimating the goodwill part. The minute something goes wrong (eg,relationship...
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