Finance QnA - Property Investment Q&A

    • Could being application happy cost you in the long run? read more

    • 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: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

    • I am 42 years old and have a self-managed superannuation fund holding approximately $300,000 in cash. I have not retired, but my accountant has told me that I can still access this money now in order to buy property. Is this correct and, if so, what is the process for using my superannuation money in this way before I retire? read more

    • I'm thinking of managing my parents' superannuation as well as my own. We would have a combined $200,000 fund if we put our money together. I'd like to embark on a property development using the pooled asset. Is this legally possible? read more

    • My property manager has signed up a new tenant a lower rent than what we agreed on - we discussed $180-$200 per week, and she's signed someone for six months at $165 per week. What can I do? read more

    • I bought an investment property last year for $360,000 with a 10% deposit, and I paid around $5,500 lenders mortgage insurance. If I pay down my loan now, can I get a partial LMI refund? read more