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Posts in the Finance Forum

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In Respect to Advice

Remember to always seek proper advice.

First investment....need finance structure advice

chris87 — Fri, 10 Feb 2012 21:33:11 +1100

Hi all

My fiance and i are building an IP (house and land) for 404 k inclusive of all initial costs.
We have 40k cash in an offset against our PPOR with a loan that was 377k but is now 355k

Anz Bank puts interest rates up and breaks away from the RBA

Qlds007 — Fri, 10 Feb 2012 15:20:26 +1100

Well they threaten it and now it has come true.

ANZ today announced it will increase interest rates for variable rate mortgages and small business lending by 0.06%pa.

This is the first time the bank has moved to increase its rates independently of the RBA’s cash rate since it announced its split with the central bank’s pricing in December last year.

Can a finance broker offer a better deal on a standard bank product over another broker.

sbhjain — Fri, 10 Feb 2012 15:07:49 +1100

Hi Guys
Can a finance broker offer a better deal on a standard bank product over another broker.
Im just wondering whether its any good to shop around for a better deal.

I am looking at 95% loan product, best ive been offered so far is 6.45% rate, $14K LMI.

SMSF loans

Pete Wargent — Fri, 10 Feb 2012 12:27:06 +1100

Hi all,

I'm about to look into getting a SMSF loan to buy property. When I looked a year ago I think the best loans were through St George (at least in terms of available LVR)...

Anyone had a look around recently?

Any advice much welcomed!

Cheers

Pete

http://petewargent.blogspot.com.au/

Finance on a block of 6 units on one title with residentail rates

ttcb75 — Fri, 10 Feb 2012 11:34:10 +1100

Hi all,

Does anyone know of a lender that will consider a block of 6 units on the one title and lend at residential rates?
Most of the big banks consider this a commercial transaction and offer inflated rates. The units are in metro South Australia.

What will be a better tax outcome?

mickym333 — Fri, 10 Feb 2012 10:01:41 +1100

Hi,

Just seeing if i could get some advice on what to do. I have 2 loans, the first being around 170k for an investment property and a second of 200k for a failed business that isn't currently running anymore.

What will be a better tax outcome?

mickym333 — Fri, 10 Feb 2012 10:01:38 +1100

Hi,

Who will loan to SMSF to borrow for property at 40% LVR?

House Call — Thu, 09 Feb 2012 20:28:12 +1100

I have a newly formed SMSF and want to borrow to purchase a commercial property at approx 40%LVR. ( Value $350k, already have $200k deposit)

Commonwealth bank wants me to pay $3300 to see their financial advisor before I can even apply for their super product, called SuperGear. I don't mind paying good money for good advice but not when I already know what I want.

Is it now time to Fix?

Paullie — Wed, 08 Feb 2012 11:54:29 +1100

I beg the question, is it time to fix?

RBA keeping rates on hold and talk of banks increasing outside of the RBA decisons.

UBank have a 3 year 5.98% package that looks pretty good.