For those of you interested, apparently Homeside (who is associated with NAB) will do a no break fee deal on a lo doc lend up to 80% LVR with LMI. Thanks to my broker for finding this out
cheers

markk
Happy Hunting
http://www.kentscollections.com

Hi Roger 1

I am on the coast and to be honest have not been able to find anything that comes close either. Look around Southport, Surfers Paradise etc and there are literally hundreds upon hundreds going to hit the market over the next few years.

I have been keeping an eye on some of the older places in Southport. As the redevelopment proceeds…[Read more]

Queensland stamp duty rates (with a calculator) at
http://www.osr.qld.gov.au

markk
Happy Hunting
http://www.kentscollections.com

Works in Qld too.
I would be surprised if they can’t do it. Keep asking around. If it’s a good deal-never say die!

markk
Happy Hunting
http://www.kentscollections.com

Hi Gamay

RE Agents can be good and bad. It seems you struck the latter. In some places the agent is required to submit all written offers regardless of how silly.

If it was me I would do one of two things

1) Find out the owners name and address (local council is usually the easy way) and write to them directly with your offer

2) Go to another…[Read more]

Hi Windcloud

There isn’t much pos cashflow in Brisbane itself. A few bedsitter type places but they can be a risk and not a lot of chance of capital gain.

If you are looking for areas to invest it seems that west of Bris (Ipswich etc) is the go -I just bought one there myself which with a little work could be cashflow positive-but I like many…[Read more]

Hi Carlin

I know that realestate.com.au sometimes show you how many vists to an individual web site there has been for a particular property but not sure if any will tell you how long the listing has been there. Try asking the neighbours how long the sign has been up.

markk
Happy Hunting
http://www.kentscollections.com

Sorry Daaussie-no recomendations as to who.

As to what to look out for-the further away from the mains power, the more expensive the installation. They usually have to be wired into the mains. It also needs to be able to drain

But you probably new all this-

cheers

markk
Happy Hunting
http://www.kentscollections.com

Ditto Calvin

Best answer yet

markk
Happy Hunting
http://www.kentscollections.com

GENERALLY the notice remains active if it was issued due to a default in the rental payment (I am assuming this is the reason because you say the rent was paid the next day). The default still exists even if it is now paid so it needs to be in writing if it is to be withdrawn.The landlord can’t have his cake and eat it too. If he decalres the…[Read more]

St George put their fixed rates up last week but only by around .2%. Their 3 and 5 yaer fixed rates are still below 7% on most products. Standard variable is 7.07% before any rises. Fix now or forever hold your peace!! if that suits your property needs. Just look out for any break fees…..

markk
Happy Hunting
http://www.kentscollections.com

Hi Jules

Our PPR had termite infestation before we bought it 8 years ago. We found out about it but determined that had been treated and they were gone. We had to replace a few studs but no problem since although I am as vigilant as can be.(No timber lying around and destroying nests that form)

We had real reservations but loved the location. We…[Read more]

Hi Andy

Starting out at 18. Smart man

The only other issue is that I/O loans are usually for a limited time.5-7 years. Nothing to stop you re-negotiating at that time but it is something to bear in mind.

markk
Happy Hunting
http://www.kentscollections.com

How about Lo Doc loans over 60% LVR.? I know some do up to 80% with mortgage insurance and that really hurts when you start talking about loans of $400,000.00

Anyone know of any institutions doing 80 and upwards on a lo doc lend without LMI?

markk
Happy Hunting
http://www.kentscollections.com

Hi John

For starters you hold the aces. The contract does not become unconditional until this condition is satified. it is pretty broad clause though because it does not say when he has to produce them so provided he does so before settlement he complies.

obviously if you are using a solicitor get him to push them along.

I would make it clear…[Read more]

Hi Fireceasar

I live on the Gold Coast and over a number of years have tried many.

For savings/cheque accounts I have found Heritage Building Society to be the best option. No fees on certain accounts unless you use a different teller-but that’s the norm today.

If you found a Comm bank account without some fees, you’ve done well. “Which Bank”…[Read more]

I saw her here on the Gold coast about 12 months ago doing a seminar and she aslo has a radio programme. Her push is generally positive gearing (not pos cashflow) but she has a lot of great tips and is very interesting to listen to. Some acquaintences of ours actually bought a franchise. She is all about getting you to buy property by refinancing…[Read more]

Where is it??

markk
Happy Hunting
http://www.kentscollections.com

What… two full moons about four weeks apart?????

Wow… what are the chances of that…

Once in ablue moon I guess

markk
Happy Hunting
http://www.kentscollections.com

Redhaven

Where are you located?

markk
Happy Hunting
http://www.kentscollections.com