Property Investment Q&A

  • Q:I’m having problems getting a low-doc loan. I have a couple of properties in a trust and would like my next property to also be in a trust. I can get a loan with a 40% deposit or if I put the property in my own name, but they are two options I don’t really want or can’t do. Being self-employed and not required to register for GST makes it hard for me to ‘service the loan on paper’ as some of my income is of a cash nature. read more

  • Q:As a first-time buyer of your magazine (Feb 2010), I have to say how useful this edition has been and I have not even got past page 11! I would like to ask a couple of questions as UK residents who have been here for three-and-a-half years and are about to complete our permanent residency. read more

  • Q:Hi Eddie, I have a question for you related to one you answered in the October 2009 issue ofYIPregarding capital gains tax. read more

  • Q:I bought my first investment property last month and I’m already starting to get worried about being able to keep it for 7–10 years. I did all the calculations, and with the current tenant I’m cash flow neutral. However, I still feel vulnerable with all this talk of further interest rate increases. I have a variable loan, paying interest only at the moment. Is there anything I should be doing now to make sure I can hold on to my property? Fixed loans seem to be going up every time I check. read more

  • Q:I’ve been paying off my PPOR diligently over the past three years and have brought down my LVR to 60%. My broker advised that I could top it up to 90% and use this as a deposit to buy a new house or two units as an investment. I also have some cash (about $60,000) sitting in my offset account so I’m wondering if it would be better to use this money rather than take out about $70,000 from my PPOR? read more

  • We are considering moving into our investment property to cut our spending and improve our short-term savings. What are the tax implications of this? read more

  • I’m looking at purchasing another investment property and my initial thought was to stay local where I knew the area; however, I think it would be better for me to look to Sydney or Brisbane. How can I purchase in another state when I live in Western Australia? read more

  • My husband and I are considering buying a property through auction but are a bit nervous. How seriously should we take things said by the auctioneer or agent at the auction? Are their words binding, even if they differ from what’s in the contract? read more

  • My wife and I recently bought an investment property. It has a smallish bathroom so we were thinking about converting the internal laundry into a second bathroom. Is this a wise investment move for adding value to the house? read more