check out this web site it may help
http://www.land.vic.gov.au
select guide to property values in right side / in middle of screen or
try
http://services.land.vic.gov.au/landchannel/content/guide

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Comments are of a general nature and may…[Read more]

Not sure on if you would be eligible for two home buyers grants
email benefits@osr.nsw.gov.au and ask them if this is possible to be safe. You would have to live in the home to get this…[Read more]

Consider the effect if the investment is positively geared. Not everyone is after negative gearing .

Duckster Financial Services
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Helping to make the great Australian Dream come true !

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial…[Read more]

You may be confused due to another concept
The other main difference is the purpose of the loan
If the loan is for an investment you will have end up with more income earned from the investment property as the interest charged is less. due to the offset effect.
Income = rental income – interest – expenses
The increase in income means more tax will…[Read more]

Check with the bank/ lender if on the P&I loan the offset balance cannot be more than the loan balance amount. IO loans will have a restriction on the amount you can offset or repay. If the interest is fixed you should be concentrating on getting the variable P& I loan down by using an offset. The reason for having a split loan is to have the…[Read more]

The idea of an offset account is to reduce the interest you would pay on your loan. There are two methods of offset. One method is that the interest you would have earned on the offset is subtracted from the interest you would have paid on the loan for the same amount invested
Example $10K * 4% = $400 earned interest.
$10K * 8% = $800 to pay The…[Read more]

Christian, You need to keep track of each agent and what a property sells for so you know what 300,000 + really means to a particular agent. Especially if reserve prices at auction .
A Better approach would be to know what the median price for property is in the suburb and what similair houses sell for in suburb.
Median prices are published in API…[Read more]

If you are after a deposit bond check out this company

Deposit Sorted

If you use a bond the real estate agent will be paid regardless of what happens and the Vendor. Then Deposit Power will ask you to paid the deposit bond amount in this scenario of the sale falling through.

Duckster Financial…[Read more]

You may have to investigate if Latrobe has done an adverse report on your credit rating because you are past your loan term.
Your credit report can be requested at http://www.mycreditfile.com.au
if you encounter problems Blue Stone will be able to assist you in this situation.

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the…[Read more]

Brendan spoke about the state of mind you need to have as a property investor.
Results mentor program participants spoke about what they have been doing with developments.
Renovator Tool Kit was mentioned.

You could purchase the $20 Video that is available if you missed the meeting.

I attended the meeting..

Duckster Financial…[Read more]

If you are going to be living in this house you might consider if you are going to purchase furniture when you move in.

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any…[Read more]

What you are asking falls into the category of financial advice. You should seek the answer from an accountant or financial advisor. Unless someone is FSRA licenced and knows your exact situation and risk adversion level they are not allowed by law to give you investment advice.

Duckster Financial Services
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Helping to…[Read more]

You could go to a mortgage broker !

However the broker would need to ask you financial questions like how much you earn and is it from a job or a business to match the right product to your circumstances and needs.

total property value = 1.02 million
loan is = 500k
LVR = 500k / 1.02 million
LVR is 49%
Your capacity to repay loan ????
rental…[Read more]

wanelad is spot on – there is a lender that exists in the market place that can do this type of finance

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment,…[Read more]

This is on tommorow !

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !

Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

It is normally put into the purchase contract as a term however if there is a tenant already in the house at the time of the
PM inspection you will need to write to the Tenant asking for permission to have a different PM enter the property for the purposes of re -leasing the property.

Find out who the current PM with the old Tenants is and ask…[Read more]

You may have been recommended the Macquarie Bank – Mortgage Saver Express Construction $200,000 Loan Product.
Ask your broker to provide you with the documentation for the loan product selected. LVR of 80% ?
There are many other reasons why the broker may have selected the product being recommended to you.
Depending on your employment situation,…[Read more]

LOC’s are like split loans and each loan is secured against the mortgage property and are all added together to work out the LVR maximum amount allowed by the bank for the whole combined borrowings versus the actual value of the property secured .
Some banks charge a fee for each LOC you set up and charge it to the LOC account plus interest.
The…[Read more]

It was a good move going to a mortgage broker as they will really have an interest in helping you achieve your goals and will work hard towards finding the right bank and product to suit your needs.
And will have access to many lenders.

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true…[Read more]

what state are you living in . I am in Victoria. You should be comparing the comparison rate as you should not go by the interest rate but rather the comparison rate as it takes into account fees you will get charged.
I can’t match 6.25% for a loan..

Duckster Financial Services
http://www.ducksterfinancial.com
Helping to make the great Australian Dream…[Read more]