From what i have i come to know through various posts here its nearly impossible to get the covenants removed.

Although the blocks are adjoining and they will be perfectly suitable for a unit development but i doubt this due to the covenants.

From what i have i come to know through various posts here its nearly impossible to get the covenants removed.

Although the blocks are adjoining and they will be perfectly suitable for a unit development but i doubt this due to the covenants.

Hey Zulic,
Since we all have been follwoing this post…do you want to share what you have decided.

Iam in pretyy mucg same position and will really like to know more.

Any advice on this from any of the numerous forumites…

Thanks for your input everybody !

Thanks for all your replies guys. i appreciate it…….

Thanks Yack…
But do you think even 1st Jan 2004 Council valuation would also be irrelevant as in case of my property the Council has increased the site value by almost 40%.

Cheers

C’mon guys i would really apprecaite some comments/opinion/experiences on this.
Iam sure this is a very relevant issue.

Cheers

Thanks for your reply.

The covenant was created by the Developer and was put on all the blocks of the land in the estate which was released last year.

I would need to consult the council in order to get the planning permit.

I guess i just want to know if i have a reasonable chance of getting this covenant removed.

Cheers.

Is the prepaid interest only available on fixed rate. CBA is not giving me this option on the variable rate loan. do you know of any banks offering this on Variable rate loan.

-D-

Hey Jumbo , would like to share some details of your new villa there as i am interested in something similar.
thanks

-d-

Thanks guys fopr your replies. I will certainly talk to them. G-MAN0007 can you send me the phone number of Brandi & co in carlton .

Thanks
-D-

Thanks alot TerryW and Michael for your responses.

Regarding ur suggestions for selling the land, i did consider doing it but my reasons for not doing it is because 1) Iam renting at the moment and would like to build on that land as my PPOR, also 2) The place has shown good appreciation from 135K to 220K in 6 months and land is running out…[Read more]

Hi regina:
7 properties in 2years thats great. I have been trying very hard for 2 years now but still dont seem to get any where near my 3rd property neither would the bank allow me that with my 60K salary. Just curious to know where all have you bought your properties that is in capital cities or country areas and whats your distributiona and…[Read more]

Thanks AD for the advice, I will go with it. The settlement issue was really unknown to me and would be helpful.

Thanks again.

-D-

Hi Novice,

Congrats on your 1st purchase. I have recently bought a house in melbourne as my IP and want to fix the loan for 5 years as well. You seem to be getting a very good deal. Could you please tell me which which bank offered you 5.97% for 5 years and what are the other charges on this loan like estd. fees, account keeping fees etc.

Thanks…[Read more]