| Questions and Answers

Liam S.

Seaford, VIC

1 Likes
0 Followers

My wife and I bought out place 3.5 years ago for 370K. A recent valuation placed it at 650k today. The increase being a bit of luck and some renovations etc. We are considering moving, and deciding whether we hold onto our current place and rent it out or sell it. Could service it and the bank is willing to lend it. What I'm worried about is capital gains tax. Given that we'd probably be planning to sell in 2-3 years, and the appreciation will probably slow, is it better to sell now?

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8 years ago

Amy S.

Gymea Bay, NSW

0 Likes
0 Followers

I would like to do some work through an online work marketplace like freelancer.com or Fiverr. Do I need to get an ABN to do this kind of work? I already have a full-time job, this would be more of a side-hustle. Thanks,

Amy

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8 years ago

Ken Olds

Mortgage Broker

Devonport, TAS

177 Likes
12 Followers

If I purchase an investment property through my SMSF and then on reaching retirement, I choose to wind up the superfund and transfer the house to myself for Owner Occupation, do I need to pay Stamp Duty on the transfer to myself, or is this exempt.?

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8 years ago

Cordelia R.

Lavington, NSW

0 Likes
0 Followers

How to I pay my own taxes and super?

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8 years ago

Mary D.

Aitkenvale, QLD

1 Likes
0 Followers

Is it better to take maternity pay at half or full pay? My work provides 14 weeks full pay or 28 weeks at half pay. I have no concerns over my ability to budget I am just trying to work out which approach will work better financially. Factors to consider.
1. My pay goes straight onto my mortgage which has interest calculated daily
2. Maternity leave begins in December if I take it at full pay it will all be used by the end of the financial yearn half pay will roll into next year.

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8 years ago

Cianne B.

Strathdale, VIC

0 Likes
0 Followers

Hello my name is Cianne .
I applied for a rental property in Qld with a certain Real Estate , and was declined becaue they said another Real Estate had black listed me , because when I wa on the other side of the country with ailing family , my don packed up the house and left , after arrangments with that Real Estate I paid all monies owing , this was 2 yrs ago .)
Over the past to years I have rent with Real Estate Agents ,
I want to know IF and HOW it can be removed ?

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8 years ago

Nick B.

Bayswater, VIC

0 Likes
0 Followers

Hello. My names Nick. Im.just after a quick answer or your knowledge on my situation. Im single 50yrs old. With $2million in managed funds withing Anz bank. Ive been with them 10yrs now. An average of 8-9% returns. Which included 2007 GFC .

I have no debts. Own my house. Now. If i retire would it be reasonable to assume a 4% SWR yearly. Say $7k monlthy withdrawal. For the next 30-40yrs.... will i still retain my principle ?. Im asking th

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8 years ago

Habib Bulut

Finance Broker

Sunshine North, VIC

4 Likes
2 Followers

Hi my friend earns $1800 p/w from Uber and He is been driving Uber one year full time. Can he get a home loan with Uber income?

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8 years ago

Mark D.

Hamilton, NSW

6 Likes
0 Followers

I would like to get some advice on the maximum percentage I could borrow as a first home buyer. I have $53,000 available for a deposit and my salary is $87,000... thanks?

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8 years ago

Thesurfer80 P.

Spit Junction, NSW

1 Likes
1 Followers

Hi. I am interested in buying my first investment property here in Australia and I am considering hiring a buyer's agent who charges a fixed fee (13k). Does anyone recommend using one or will I be better off doing everything myself? What's your experience?

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8 years ago

Rod B.

Bayswater, WA

5 Likes
0 Followers

I have had an apartment for sale through a real estate agent for approximately 8 months The exclusive period has now finished but I am still leaving it with him to sell.
If a private buyer comes to me now with an offer do I have to pay any commission to the agent.?He has not introduced any buyers to me.
RB Perth WA

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8 years ago

Kraig D.

Port Sorell, TAS

0 Likes
0 Followers

Hi
My daughter is a second year apprentice earning $10 per hour. She has just started doing a second job working in a bar and they are not taking any tax out of her $600 approx a month she earns from this.
Will she get a tax bill ??

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8 years ago

Jacqui D.

Williamstown, VIC

2 Likes
0 Followers

I am thinking of leaving a full time role to set up my own business but concerned about the initial cashflow. Everyone is telling me to go for it so I’d like to ask about finance and can I extend my home loan before starting the business. The unit is probably worth 500k and the home loan is $210k. Is this a good way to get started as I already have a number of clients in the waiting?

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8 years ago

Phillip K.

Elsternwick, VIC

4 Likes
0 Followers

As a first time investor would you currently be recommending shares or property?

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8 years ago

Kevin C.

Strathpine, QLD

0 Likes
0 Followers

I own my own house and car outright and need $15000 to set up a new business. How can I borrow $15000 to get started?

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8 years ago

Andrew C.

Claremont, WA

3 Likes
0 Followers

I have a property…market value $1.3M and loan is $420k. I was hoping to increase the loan to $700k and use the additional funds for a range of investment opportunities but the bank will only approve $100k. Income is not the issue, apparently cashout restrictions!!! What does this mean and will I come across the same problem if I go to refinance?

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8 years ago

Craig L.

Dural, NSW

1 Likes
0 Followers

Why is an investment loan on a residential unit block viewed as a commercial loan although the income and expenses are viewed as individual as per the tax office?

View responses or answer (3)

8 years ago

Carol B.

Annandale, NSW

2 Likes
0 Followers

I bought a property a few years ago through my self managed super fund, however at the time I was just short of the funds required to purchase so made up the difference and ended up with a small percentage ownership in the property. The superfund now has enough funds to buy my share out but I was told that I would have to sell the property to get my funds back which I don’t want to do. Why can’t I just sell the percentage of the property to the superfund so I can get back the money I put in?

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8 years ago

Marina L.

Cocoroc, VIC

0 Likes
0 Followers

What is the similarities in a commercial and residential contact of sale ?

View responses or answer (0)

8 years ago

manika m.

Ashtonfield, NSW

1 Likes
0 Followers

Hi there,
I bought a piece of land last year and want to sell it now. Is there any way to reduce CGT? does it make any difference if i invest the profit in a new property?
regrards

View responses or answer (3)

8 years ago

I would like to do some work through an online work marketplace like freelancer.com or Fiverr. Do I need to get an ABN to do this kind of work? I already have a full-time job, this would be more of a side-hustle. Thanks,Amy

If I purchase an investment property through my SMSF and then on reaching retirement, I choose to wind up the superfund and transfer the house to myself for Owner Occupation, do I need to pay Stamp Duty on the transfer to myself, or is this exempt.?

How to I pay my own taxes and super?

Hi my friend earns $1800 p/w from Uber and He is been driving Uber one year full time. Can he get a home loan with Uber income?

I would like to get some advice on the maximum percentage I could borrow as a first home buyer. I have $53,000 available for a deposit and my salary is $87,000... thanks?

Hi. I am interested in buying my first investment property here in Australia and I am considering hiring a buyer's agent who charges a fixed fee (13k). Does anyone recommend using one or will I be better off doing everything myself? What's your experience?

Hi My daughter is a second year apprentice earning $10 per hour. She has just started doing a second job working in a bar and they are not taking any tax out of her $600 approx a month she earns from this. Will she get a tax bill ??

As a first time investor would you currently be recommending shares or property?

I own my own house and car outright and need $15000 to set up a new business. How can I borrow $15000 to get started?

Why is an investment loan on a residential unit block viewed as a commercial loan although the income and expenses are viewed as individual as per the tax office?

What is the similarities in a commercial and residential contact of sale ?

Hi there, I bought a piece of land last year and want to sell it now. Is there any way to reduce CGT? does it make any difference if i invest the profit in a new property?regrards

I would like to do some work through an online work marketplace like freelancer.com or Fiverr. Do I need to get an ABN to do this kind of work? I already have a full-time job, this would be more of a side-hustle. Thanks,

Amy

Hi
My daughter is a second year apprentice earning $10 per hour. She has just started doing a second job working in a bar and they are not taking any tax out of her $600 approx a month she earns from this.
Will she get a tax bill ??

Hi there,
I bought a piece of land last year and want to sell it now. Is there any way to reduce CGT? does it make any difference if i invest the profit in a new property?
regrards