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I wait until are on special at Spotlight usually 20-40% off (every month or two) and get them there they have a huge range of colours and sizes.
I briefly looked into this and there are restrictions on the house ie new, disability assescibility and needs to be leased for long period of time) and needs to be leased to qualified people (minority groups, low income, disabled etc – similar to Homeswest I guess) May be different in different states but looks like more trouble than worth for me.
Hi Anrobel
I know what you mean. I had some land I was looking to sell in Success approx $250000 and spoke to several agents the differences were huge from $5500 to $12500. If it was a property and they had to be there for home opens then it would be more reasonable but the differences are probably because most agents reduce % amount for blocks as no home opens and some just have a flat rate. Shop around. It is a hard time to sell land as so many on the market. We couldn't sell so are now constructing to either sell or rent. Good luck!
huge exit costs in first 5 years, some even around $12000 depending on what you are borrowing
what about bibra lake or leeming? i hate coolbellup
What I have done a couple of times in the past was to get 3 valuations from real estate agents, then go with the middle valuation and both times this was right price, sold in good time and no need to lower price and achieved close to list price.
Wow 12.59% and I thought 10.69% was bad!!
Hi guys
It was actually broker who recommended these loans. At the time there wasn't much difference in rates and I we had not done our business most recent tax, so was quicker and much less paperwork. I also didn't realise how much extra exit costs were. IP is with AIMS and PPOR is with Macquarie. I think we are going to wait until construction is complete and rented in a few months and by then we should have a better idea of what is happening in the loan market. I am also on maternity leave so once I go back our income will be extra 60k pa
I would like to get out of these loans but exit rates are huge! One is 5000 and the other is 12000 I owe 775000 in total and value is approx 1 200000. I am also worried that same thing will happen and these rates will also rise. I probably wouldnt qualify for fully verified? income approx 160000 pa and no rental income yet as one house still under construction but will be approx 23000 pa should be complete 2-3 months
Angela
I have heard about it, so know it is out there but unfortunately don't know too many of the details. I would try the tax department though cause I'm pretty sure it is a $6000 tax deduction.
Angela
Hi Richard
I have a couple of these low doc loans. One for my residental dwelling and one on my investment property. At the time I got these it wasnt really much more for the low doc but now one of my loans is nearly 10.5% and the IP construction loan is nearly 10%. Luckily we can afford the increases but it has made quite a difference to repayments. 8.77% seems very low is that still current and if so are these rates avalible in WA??
Angela
