Im looking at purchasing a 9 bedroom two storey house in Ipswich council area. it already has a kitchen on each storey, but not sure of the...
Say the OP takes a loan of $2M just before retirement secured against the existing unencumbered houses for arguments sake; then uses this to...
Could the OP not just withdraw equity from the $4M of 0% LVR property just before 'Retirement', while they still have serviciability and invest...
I had this issue and paid someone around $500 to change the existing (pervious) grout for an (impervious) epoxy grout. Im not sure how he did it...
Got you! Thanks.
I don't mean to be pedantic! it just seems that the ATO IS pedantic! And I'm trying to understand how things should be done.
Thanks Terry; but how should I purchase shares. Is that always the case that there's a little money left over, and I just should not worry about it?
I have a dedicated share trading account with another bank though. I guess the same would apply? The issue I see is that the $1.85 is not...
The question still stands though, if I purchase shares from the proceeds of a redraw and have 'change' left over, what do I do with it? For the...
Hmmm noted! Looks like I need to set-up loan splits. Thanks for your thoughts.
@Paul@PFI It wasnt a split loan. When I talked to my accountant they reckoned they could use a spreadsheet to calculate how the interest should be...
I recently withdrew $10K from my redraw from my PPOR loan. The redraw money went in to an empty (balance $0) account and then in to my commsec...
Yes! My Adjacent neighbour has since got power connected to his place so the powerline now crosses the road to my property and has the transformer...
The land I bought was vacant, and at the time I got an 80% LVR loan. I then built a 2 bed house on it with an offgrid solar system using cash. I...
Im in pretty much the exact situation that youre describing and my bank (choicelend) would only go to 70% LVR as a result. I don't have power...
Absolutely agree. access to cash has a lot of value....
For me it depends on whether I think I can do better than the 22% additional tax benefit (15% super contribution tax vs 37% marginal tax rate) by...
Im around the same age in a similar situation and have considered the same thing myself. The conclusion i have come to is that if I put money in...
I just called up the local house mover and asked if there was anything available around the 60sqm mark. I got something a little larger, and had...
Hi all. Im in mid north coast and been in to property as a way to build wealth since leaving uni. it hasnt made me rich quick as I thought it...
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