Hi, JimmyJThis link might help. I started it because I had similar questions as you.https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4326640?highlight=to%2Ctrust%2Cor%2Cnot%2Cto%2CtrustRegardsDaniel

Hi, RichardThis issue got me interested enough to show some simple figures to show CBA's credit tighening will affect property prices.Established Property value: $140K95% LVR: $140K * 0.95 = $133K90% LVR: $140K * 0.9 = $126KDifference in credit available = $7K. FHOG Boost of $7K will cover the difference.Once property value goes above…[Read more]

Combined this with not recognising the FHOG Boost as geninue savings, this will really tighten the rope around the typical FHB's neck. A requirement of 5% geninue savings takes the FHOG Boost out of the equation.Is this the continuation of a credit tightening trend from the banks, as a defensive strategy in their forecast that property price will…[Read more]

Man… been reading the last couple of post and I have to say, it reminds me of conversations that I have had with my best friend back in Singapore. Since coming over to Australia in Feb '04, I have been intrigued by property investing and recently, started learning about Sharemarket investments.Over the years, I would email my friend about the…[Read more]

HiI was just thinking about the FHOG boost the other day, while checking out some property prices that hace gone through the roof in a couple of suburbs that I am keeping an eye on.The lower-end of the market is kept buoyant with the FHBs and the FHOG boost, yet the number of properties available on the market has fallen to one-third its peak here…[Read more]

Hi, KenyusThere was a similar thread some weeks back. This might give you some ideas.https://www.propertyinvesting.com/forums/property-investing/help-needed/4327326RegardsDaniel Lee

Hi, SeddarYes. it does sound easy; just find a property to invest in, rent it out and get someone else to pay the rent. Expanding on this would be: Where to invest in (Capital city or regional area) What type of property (apartment, units, houses or specialised areas like retiree homes)How much to invest?How to get maximum rent to minimise the…[Read more]

Hi, Anon (and Linar)My view came about because of this:Back in May 2007 when my partner and I were looking for our first PPOR, we visited her ex-boss where partner worked casually while as a Uni student. Her ex-boss told us that we could each go off and purchase a PPOR and each claim the FHOG, as his friends and their partners were also doing so.…[Read more]

I attended a couple of auctions a few wks back in a inner northern Melbourne suburb. After the auctions had ended, the properties was withdrawn and then put back onto the market for much higher prices.Example 1 – A 3 bedrm unit. Original price range of $340K – $380K. Highest bid was $393.5K. Put back onto the market asking for $420K.Example 2 – 3…[Read more]

gmh454 wrote:

SHales wrote:

When a place at palm beach, a little weekender, bought for 5.5M with 100% finance no sales at a mortgagee auction, for 2.5m, the top end has tanked.

Is that the 40% drop that Assoc Prof Steve Keen was predicting about?RegardsDaniel

Hi, AnonJust my personal thought on this. In practice, if you apply for a property and the subsequent loan in only your own name, it should not be a problem to get the FHOG. Even if you need a guarantor to increase your loan amount, I think you can still use your boyfriend. After all, he only has to be a guarantor.I applied for my Aust residency…[Read more]

oh yeah… read that article alright. Yes. It looks like a scary article, the increased FHBG has led to some FHB buying houses by simply using the both Fed and State FHBGs as the 10% downpayment. When the first interest rate increase comes with the decreasing employment levels, it will seriously affect those who are not in a good position to…[Read more]

W4L, I found the link to the article I believe you were talking about.http://www.news.com.au/business/money/story/0,28323,25223797-5013951,00.htmlAustralian housing market holds sub-prime dangerRegardsDaniel

Hi, W4L, do you have a link that the article that you read in the papers. Would like to read it.In the suburbs that we are looking at buying into, REAs are out scouting for more property to sell. There is definitely a much lower stock available for sale and with the current FHBs rush, they are pushing auction rates up. Still, I have seen vendors…[Read more]

In the suburbs that we are looking at, the lower-end of the market is supposedly running pretty hot. Yet there are contradictory signs happening at the same time. With many FHBs out there, you would think that there would be more properties for sale; yet REAs are scouting around looking for property to sell, as people are not offering them up for…[Read more]

Hi, AishaI assume the mortgage is for your home.First – If you have a redraw or 100% offset account facility, I would suggest you put your savings into that first. You save on interest, and the 'savings' is not taxed at all. Second – to find out what hidden cost there are, you have to be specific with this forum. What hidden cost are you talking…[Read more]

Hi, RellieWe had a similar experience as yours as well. Recently put in an written offer for a 'renovator's delight' around 6% below the lowest asking price range directly to the Vendor. The agent contact me a few days later, and in an angry tone, informed that the Vendor was only interested in an auction. The property got sold at the auction for…[Read more]

HiI recently went to an accountant with experience with DTs. The accountant would be responsible for the DT's tax return, but the actual trust deed will be set up by a lawyer. In my case, the Trust deed was done up by a law firm in Sydney.RegardsDaniel

Hi, Wealth4lifeWhy do you say that the market will improve to July before taking a dive in August?Another round of bad news from big business? End of the increased FHBG?RegardsDaniel

Hi, Jye, CldySimply, you have two choices. Get emotional, accept that this property will be your new home, and cough up the extra money; or Move onto other property that you think you could make into your home, and put in offers there.That was what we did back from May 07 to Aug 07 when we were PPOR hunting. Saw several places that we really…[Read more]