zakChanging principal place of residence finance query
30 April 2010
Thank you for your responses. I haven't yet rung ATO due to limited time but will post back when done so, soon.
glenglenPrincipal or interest only? need some help/ advice
5 May 2010
Agree with 75etd in regards to the 6 year rule for CGT excemption except you only need to prove you lived in the house, that is a utility bill or simular. Every 6 years…
glenglenLoan to repay family members post construction)
23 May 2010
Hi guys, Not a general comment at all. For a start try AMP, they openly advertise the fact that they will go 80% with no questions asked on the purpose. There are a few…
DeemareeCBA's Wealth Package and Interest Offset option!
30 May 2010
True there Helyn. The attitude of banks (as opposed to credit unions) is very much for their investing shareholders benefit IMO. Worst thing for customers (and staff) was…
jb_moneyFHOG and the 'first home vacant land concession'
14 June 2010
Grant rules vary between states and can be quite complex. For this reason I wouldn't recommend taking advice from a forum, better to call the QLD first home hotline 1300…
Pepto471What percentage of deposit so no mortgage insurance
1 July 2010
it helped me as well, very…
kekIs it worth having redraw on the Home Loan?
2 July 2010
Helyn is right. But if you put your surplus funds into your home loan, thus offsetting the interest on the loan, in most cases it will work out better than if you parked…
btherlWhen do we receive our First Home Owners Grant?
5 July 2010
Pepto, we did not need the FHOG at settlement, we used the money we had declared as our deposit to the bank as our deposit. If the FHOG is part of your deposit then…
jb_moneySettlement Delay- Interest (Isn't my broker liable 4 this?)
8 July 2010
If your broker hasn't done the right thing by you then you should put your complaint in writing to their complaints manager. If they do not handle your complaint properly…
MoonahgirlHome loan and changes to contract price
19 July 2010
Thanks for the advice everyone. I'll definately take that on board. I'm aware we will have to cover variations and I have added a healthy contingency to my calculations.…
FireFoxMeasuring land of your new property- is it needed?
27 August 2010
we are planning on a knock down rebuild, and got our block measured and drawn up for $220 was for the demolition plan, you also get your exact block size and found out our…
slknvCan you borrow $ short term to build investment property?
2 September 2010
Firstly to sell in 9 months you will pay double the CGT that you would pay if you sold after 12 months so I'd avoid that. I'd use a line of…
jb_moneyHIA standard contract and construction loan
14 September 2010
You should be able to negotiate that into it. Most of the contracts we see have a subject to finance clause where almost all of the deposit is refunded if finance is not…
grace_slickFinance options for buying before you sell
15 September 2010
Well, technically sort of, yes. Lol. The only issue would be is if the property went too high, and then we’d be out-priced, sadly. The only other thing which stresses…
MissAlisonHow long to wait for final payment of a contruction loan?
15 September 2010
So I rang for the 'have you got the paper work and how's it going?' And, yes, exactly as you say. They have ordered the valuation, good. But, I was told that I need to…
StressedBuilder having problem obtaining indemnity insurance
20 September 2010
Thanks for the responses so far. We have signed a contract and it might not be so easy to get out of. As far as I am concerned they have breached it but trying to get…
fitnhealthySale of contract - Do you always have to pay 10% deposit?
21 September 2010
Thank you everyone for taking the time to respond to my question. It helps to be well informed especially when one place I went to look at 2 days after it went on market…
foresterxtBank valuation less than purchase price
21 September 2010
Hey Cookie Monster If you can find the $60k , this would make life some what easier (just to get the block settled). Then A. Ask the bank to revalue the block in 6…
onebiggumbyBuying off the plan with no pre-approval - is it wise?
22 September 2010
thanks guys. youve definitely given me some food for thought.