me thinks biggest prob with house and land packages lies in two areas, 1. location, 2. suitability of development in the location.

if end product is well located and is a suitable style of development for the local area, then at worst, you face a flat market for a year or two.

if the end product exceeds the expectations of the market, then you…[Read more]

hi, i’d ask the agent exactly who will provide finance for this type of property on a stand alone basis and at what loan to value percentage.

i’d also request full statements regarding rental history – ie. week in week out history.

i’d also ask for a print out of all the recent sales history, particularly the history of resales.

with the above…[Read more]

spi, i’m in tune with the environment, as long as its concrete and at least 25 levels high i’m loving it (green hills on horizon optional, prefer more skyscrapers tho!)

just joking…

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

john, if the offer was accepted as submitted then the realtor can ‘whistle’ for it. cannot see why you need to do more.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

CRIKEY… $270/wk for 21.5sqm

they must really stack the students in for this sort of $$$$!

are you sure that you are not being touched in a big way??

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

palmer, your alternative may have some conceptual errors – but feel free to flesh it out a little if you have the time.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

Shane, I don’t own anything in WW but i have brokered finance for a few – we get some pretty indifferent vals i must admit, and the new stock seems to be pretty heavily focussed on investor purchasers (preferably interstate it would seem).

As for what is the area like, well, brick veneer and tile, brick veneer and tile, brick veneer and tile,…[Read more]

hi Lizzy, sounds like two things to me

1. a very clumsy and unsophisticated attempt at client retention
2. utter bs

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

cw, sounds a bit overzealous – since when do we listen to what real estate agents say????

i think the important thing is to make sure your finance is in order, and do your pest and building inspections before you bid.

btw, was the agent you spoke to the agent who is selling the auction property?

cheers

brahms
Purveyor of Fine Finances
aka…[Read more]

cw, sounds a bit overzealous – since when do we listen to what real estate agents say????

i think the important thing is to make sure your finance is in order, and do your pest and building inspections before you bid.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

well, lets be honest, i got to page one….

Now, lets get back to life in ’05 whilst it is still ’05, then i suggest we focus on ’06.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

just to add a twist to your thinking bxd…

why would someone want to buy it?

if you identify this, then maybe you can focus the efforts of the agent and (re)position the property in the most appropriate light.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

Often mcubed it comes down to only two things-

1. what you can afford
2. where do you want to live

you can buy a house in the outer outer suburbs for the price of a inner ring apartment – you will need to decide what suits you and your circumstances

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

moolah, what sort of property is it?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

ashb23,

what has been constructed is allowable given a reasonably large block of land – but it is not on its own title and does not have individual services (let me know if this is incorrect)- its not meant to be a commercially let dwelling if it is to comply with the specific planning guidelines.

also, i think you will find it is in a low…[Read more]

happyjack

you just need to do a partial discharge of mortgage – usually comes with a $300 or so fee – which is reasonably inconsequentual.

so long as the ‘new’ transaction supports itself at 80% lvr no LMI payable, easy peasy..

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

pagan

why was this a mistake?

lots of people are down on x-coll but the reality is that its a common practice which suits many circumstances (hence its a common practice).

to be quite specific what are your future plans and present situation that you now deem your decision to x-coll ‘bad’.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage…[Read more]

Just another angle to this topic – as an IP owner I’m really not at all keen for tenants to be ‘doing’ too much in the way of ‘work’ around the place.

Obviously insurance reasons, as well as the very high liklihood that they are probably not very ‘handy’ and what starts out just ‘popping’ a fly screen together could easily end up as a broken…[Read more]

Originally posted by Dazzling:
whats an overgrown hovel worth in 2005 as opposed to the sale price in 1997

Why do you ask brahms ?? Are you a purveyor of fine hovels as well ??

I’d have to answer what it’s worth in a multi-faceted way ;

Capital…it’s grown by 11% p.a., so 2.3 x what we sold it for.
Income…it ain’t worth squat right now, not…[Read more]

not at all

yield is yield, its a mathematical equation – whether the property is cashflow + or – is purely relative to the individual purchasers overall position.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane