PropertyInvesting.com | euro73 | Activity https://www.propertyinvesting.com/members/euro73/activity/ Activity feed for euro73. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 094570294444d5069b8a96cc06c74077 euro73 replied to the topic Has anyone got advise on NRAS? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409503-has-anyone-got-advise-on-nras/#post-4692024 Wed, 19 Jun 2013 09:10:46 +0000 Here's a really simple Cash Flow Analysis to help you understand.  In this example I want to use the example of a 400K property, completed, being purchased in SA.

For this exercise, I also want to assume you are borrowing 90% plus LMI, so your contribution is 10% of the purchase price, which is  40K  ( this is borrowed against equity)

You will…[Read more]

]]> b796593fc1bdb0abb045a7a404f685e6 euro73 replied to the topic Has anyone got advise on NRAS? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409503-has-anyone-got-advise-on-nras/#post-4692023 Wed, 19 Jun 2013 08:25:58 +0000 Not quite ,  I'm afraid. 

NRAS is voluntary.  To enter a property into the NRAS, an investor must enter an agreement with the NRAS "approved participant" ( sometimes referred to as a consortium) who is responsible for administering the NRAS allocation on their particular dwelling.  The agreement through which this occurs can take the form of a…[Read more]

]]> d6d065f5594c8f016194e3b05908c3e0 euro73 replied to the topic NRAS Property Revaluations in the forum Finance https://www.propertyinvesting.com/topic/4404121-nras-property-revaluations/#post-4651138 Mon, 24 Sep 2012 16:40:37 +0000 There are 137 consortiums, and only about a dozen (actually, 14 I think) are actually approved by Genworth LMI and various lenders. To get approved, their agreement documentation has to pass the banks and the insurers scrutiny, which means no restrictions on repossessing or disposing of the asset in the event of a delinquency.

So bottom line is,…[Read more]

]]> 2a30a80855d9004e11a783f21200241f euro73 replied to the topic NRAS Property Investment in the forum General Property https://www.propertyinvesting.com/topic/4407165-nras-property-investment/#post-4674021 Mon, 24 Sep 2012 16:18:57 +0000 Troy is absolutely correct.  You get the Commonwealth Component (75% of the total $9981 incentive) paid to you by the ATO via your tax return, whether you have an income to offset it against or not.  A refundable Tax Offset is different to a tax offset. 

For the State Component ( the other 25% of the total incentive of $9981) it is paid by the…[Read more]

]]> 0fc1cd10fbe8594b57642758b45a9fbd euro73 replied to the topic NRAS scheme in the forum General Property https://www.propertyinvesting.com/topic/4397566-nras-scheme/#post-4610452 Sun, 23 Sep 2012 05:16:56 +0000 She is confused, Im afraid.

When the Commonwealth and State Governments issue  an NRAS approval for a dwelling,  it has an NRAS "entitlement " awarded to it.   The NRAS "entitlement" does not form part of the title, however.  It is simply an eligibility for the property to be entered into the NRAS.

Now,  here's where people get confused.  if the…[Read more]

]]> 68bd2a5d611601537be7c3727356067e euro73 replied to the topic NRAS in the forum Help Needed! https://www.propertyinvesting.com/topic/4406634-nras-4/#post-4670145 Sun, 23 Sep 2012 04:52:38 +0000 INCORRECT!  Its a refundable Tax Offset- you get it whether you have a taxable income or not.  

http://www.ato.gov.au/nonprofit/content.aspx?menuid=0&doc=/content/00179876.htm&page=4&H4

]]> 7fc230dff40b1b4e9ed714e8109f4f40 euro73 replied to the topic NRAS in the forum Help Needed! https://www.propertyinvesting.com/topic/4406634-nras-4/#post-4670144 Sun, 23 Sep 2012 04:50:35 +0000 You're talking about the QAHC model- which is unfortunately the most expensive in the market, and requires a 25% rental discount.    All other NRAS models have lower fees and require only a 20% rental discount.  I dont know why so many people choose to go with NRAS properties approved under the QAHC model, when there are so many other…[Read more]

]]> 63eb0477e64868e8ebad31e211b54ea6 euro73 replied to the topic NRAS in the forum Help Needed! https://www.propertyinvesting.com/topic/4406634-nras-4/#post-4670143 Sun, 23 Sep 2012 04:48:00 +0000 The incentive sits at $9981. 

75% is paid via the Commonwealth, using a refundable Tax offset.
http://www.ato.gov.au/nonprofit/content.aspx?menuid=0&doc=/content/00179876.htm&page=4&H4

25% is paid via the states- http://www.ato.gov.au/nonprofit/content.aspx?menuid=0&doc=/content/00179876.htm&page=22&H22

]]> a4b5943fbf79160c1ced50ac41812e05 euro73 replied to the topic NRAS Property Investment in the forum General Property https://www.propertyinvesting.com/topic/4407165-nras-property-investment/#post-4674018 Sun, 23 Sep 2012 04:40:35 +0000 This is not a fair comment.  Sorry.  Not trying to "flame" you, but you havent qualified any of your opinions…

Resale is not complicated.  same as any property.  What do you believe is more complicated?  Can you qualify your comments please?
valuations are done by lenders to determine suitability of the contact asking price- same as any other…[Read more]

]]> 57de9f3a7da920b61dfe45551bb49686 euro73 replied to the topic NRAS and Motion Property in the forum General Property https://www.propertyinvesting.com/topic/4407552-nras-and-motion-property/#post-4676986 Sun, 23 Sep 2012 04:26:59 +0000 Westpac, STG, Rams, Members Equity, BOQ, Resimac, Adelaide Bank, Bank SA, Bank of Melbourne, Bendigo Bank, Wide Bay Building Society, Liberty Financial  – all got to 90% plus LMI  for NRAS

ANZ, NAB, firstmac, the Rock Building Society – all go to 80% for NRAS

Adelaide Bank and Firstmac allow the use of the NRAS tax incentives for servicing- up…[Read more]

]]> 78513484f16a5560ad9e0bf2f1c2c9c6 euro73 replied to the topic National Rental Affordability Scheme (NRAS) in the forum Help Needed! https://www.propertyinvesting.com/topic/4402975-national-rental-affordability-scheme-nras-2/#post-4643231 Thu, 24 Mar 2011 22:21:09 +0000 lamp1111 wrote:

Olauf98 wrote:
Hi everyone I'm a newbie. Apologies if the question has been asked before. Who are those lenders to borrow from as my understanding the big four are reluctant.

Hi Olauf98,I have asked Westpac and the loan manager told me that they do lend for NRAS property. Cheers,lamp1111

Ive posted on the question of NRAS…[Read more]

]]> 2b9b2041c4c4559145af53e756afdf8d euro73 replied to the topic National Rental Affordability Scheme (NRAS) in the forum Help Needed! https://www.propertyinvesting.com/topic/4402975-national-rental-affordability-scheme-nras-2/#post-4643228 Thu, 24 Mar 2011 01:20:47 +0000 Kent Cliffe wrote:

luke86 wrote:
I disagree. Subprime loans were for subprime borrowers- being an NRAS property has nothing to do with the borrowers capability to repay the debt. I dont think this is a valid comparison. The tenants may or may not be bad tenants, but as the landlord you can approve who is or isnt able to live there so with…[Read more]

]]> fe426907e47763bdbc6e75a336c98915 euro73 replied to the topic How equity contributes to home loan? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402986-how-equity-contributes-to-home-loan/page/2/#post-4643345 Wed, 23 Mar 2011 13:03:27 +0000 lamp1111 wrote:
Hi guys, I am so glad that I read Jamie’s advice before seeing the bank manager yesterday! The manager told me that I can borrow in two ways; 1. Borrow all from their bank; 2. Same as what Jamie told me J Initially, I didn’t quite understand why, but after further elaboration from you guys and my digestion system worked over nigh…[Read more]

]]> 63d07f0fa4f7d83d7344e106dbdc48ab euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/page/2/#post-4641312 Tue, 15 Mar 2011 08:03:58 +0000 Jamie M wrote:

euro73 wrote:
Anyway, it really bugs me when finance professionals bag non bank lenders on these forums.  Without them, none of us would have an industry,, there would have been far less innovation in products, and we would likely all be paying more. It's really a bug bear of mine so Im pedantic about making sure they are…[Read more]

]]> de3293d773bef64152431b08f133dd99 euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/page/2/#post-4641308 Tue, 15 Mar 2011 01:57:27 +0000 Qlds007 wrote:
Michael i totally agree.I went to a breakfast meeting only last week at their HQ here in Brisbane and the < 50 Sq M product was mentioned as a niche product.I have known Kim Cannon for nearly 18 years back to his Nationale days and First Mac as they are now known after the amalgamation of the previous businesses has always been…[Read more]

]]> 408ef190ac39fad935419804deb35f14 euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/page/2/#post-4641307 Tue, 15 Mar 2011 01:52:00 +0000 Shape wrote:
Richard is correct, here is a bit of history lesson. Euro you are true when you say they are "securitised lenders" and technical speaking ( book wise) it' doesn't make sense for them to lend for such specialized security, but at the end of the day- they do…i can;t speak for all brokers; but my firm alone has placed many loan via…[Read more]

]]> f5c23588be7d7969f244f40f9b0213c6 euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/#post-4641295 Mon, 14 Mar 2011 13:28:34 +0000 Shape wrote:
under 50 for living space – excluding the carspace etc…. Placed one loan via them before for a FHO in Chippendale- 44 internal with 10 for car space. And the LMI was placed via QBE- within their acceptable guild-lines of under 50 inclusive Euro- dont accuse till you have done the work. every deal is possible it just depends…[Read more]

]]> 457291b3a7585605cc12edcc3d4e10de euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/#post-4641294 Mon, 14 Mar 2011 13:02:49 +0000 Qlds007 wrote:
Hate to say Euro First Mac have the small under 50 Sq niche market for some time now.And on the commission front they used to pay Brokers 1.5% upfront with no trail (Couldnt tell you off the top of my head if this is still current) and no clawback so i guess for many Brokers made it an attractive reason to write FM…[Read more]

]]> ae26b45a1a3b239dc0d2957d74537968 euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/#post-4641291 Mon, 14 Mar 2011 08:45:54 +0000 Cap B wrote:
They mortgage insure all loans.  – WRONG. No LMI to 80%.  This has been the case for many monthsHave high set up fees. – No dearer than other Non Banks. Yes, dearer than banks, but then again- non banks dont have other revenues. Have high exit fees. –  No dearer than other Non Banks. Careful what you wish for when DEF's disappear. [Read more]

]]> d1931ef14bfffdc9c6ec127debfcb7a7 euro73 replied to the topic Do you use FirstMac bank? in the forum Finance https://www.propertyinvesting.com/topic/4402708-do-you-use-firstmac-bank/#post-4641290 Mon, 14 Mar 2011 08:34:31 +0000 Shape wrote:

Runway wrote:
Hi Jamie,The broker said that they offer 'flexible' products and low interest rates.Upon investigation though, it seems their products have high ongoing fees. I wondering if this is done to offset the low interest rate.To me it's just another product. However, it's one thing to use a 'flexible' product and another to…[Read more]

]]> db7b693acb8940ba63bea502e59e0394 euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum The issues around "over https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/page/2/#post-4638473 Thu, 10 Mar 2011 06:05:11 +0000 The issues around "over pricing", or "under valuing", are not peculiar to NRAS.  It's a consequence of the way most new development investment property is sold- via marketing firms, and valuers subsequent attitudes to that ( whether warranted or not)Developers pay marketing firms very large fees/commissions to sell their stock, because they want…[Read more]

]]> 382ce99b8f864c7539fd5b12b2243296 euro73 replied to the topic NRAS and negative gearing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402684-nras-and-negative-gearing/#post-4641166 Fri, 11 Feb 2011 13:58:29 +0000 I dont think theres anything to report here… NRAS properties are rented at 20 or 25% below market rental, and that entire "loss" is able to be deducted. Theres nothing to indicate otherwise in any ATO literature. So unless someone can demonstrate otherwise, claim the entire loss as a deduction. No need to assign "proportional" losses, in line…[Read more]

]]> 6f2ec16372310b5944c1e0d8f005a54c euro73 replied to the topic NRAS and negative gearing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402684-nras-and-negative-gearing/#post-4641164 Sun, 06 Feb 2011 12:14:34 +0000 There's no mention of a "discounted" effect on neg gearing , proportional to the relative NRAS discount, anywhere on the ATO website, or in any of the ATO's NRAS literature.  http://www.ato.gov.au/businesses/content.asp?doc=/content/00179876.htm&page=1&H1The ATO doesnt appear to discriminate between NRAS and non NRAS investment properties, so…[Read more]

]]> 940b8df692793046dde02b8adc92bf94 euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638469 Mon, 31 Jan 2011 00:33:52 +0000 quick update… saw NRAS being discussed on Your Money Your Call a few days back- where the NRAS proponent spoke in very broad (and inaccurate) terms about NRAS.  Amazing. She said that loan applications are presented to banks just like any normal investment property application, so loans were easy to find for NRAS.   I wont name her, because sh…[Read more]

]]> ee4186f6af284067f01dffa357a30d32 euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638468 Mon, 24 Jan 2011 06:40:14 +0000 Markymarko- I really believe its a mistake to allow your broker to "try" for 90% LVR with St George.  Ive said this before and will say it again….  if the NRAS allocation belongs to one of the Approved Participants Ive talked about previously ( Ive attached the list below again), St George Westpac and Rams do 70% without LMI- 85% with LMI.  No…[Read more]

]]> a398fc1d283de5c8e70da9559cbafd84 euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638465 Wed, 19 Jan 2011 14:58:46 +0000 euro73 wrote:
Who does 90% Richard?   There's not one single lender with an official policy to 90% LVR.   Westpac's( and St George and Rams)  policy is 85%. Firstmac's is 80%.  Bendigo Adelaide's is 80%.  Of course,  I know some deals are being done on a case by case basis, and Ive stated that several times in my posts,  but Im posting informat…[Read more]

]]> f6f36e481aefac1d99e4d1eed9b581bf euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638464 Fri, 14 Jan 2011 02:37:49 +0000 Who does 90% Richard?   There's not one single lender with an official policy to 90% LVR.   Westpac's( and St George and Rams)  policy is 85%. Firstmac's is 80%.  Bendigo Adelaide's is 80%.  Of course,  I know some deals are being done on a case by case basis, and Ive stated that several times in my posts,  but Im posting information on the gene…[Read more]

]]> 4966530c6651b5f1dde498ef0d3adb5c euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638458 Sat, 08 Jan 2011 11:31:20 +0000 Jamie M wrote:

euro73 wrote:
PS – no need to cross, if you have enough equity in another property to provide 20% plus costs.  You would simply add a new split to your existing mortgage, for 20% plus costs. Set it up Interest Only , as its being used for investment purposes. You would then get a stand alone NRAS investment loan with one of the…[Read more]

]]> 30439bcc00bb9f0054ab062cc29ed3f2 euro73 replied to the topic NRAS Calculator - What's The Return On Investment in the forum General Property https://www.propertyinvesting.com/topic/4402149-nras-calculator-whats-the-return-on-investment/#post-4637877 Sat, 08 Jan 2011 11:23:20 +0000 onthemoney wrote:
Thanks for an excellent post euro.

In a nutshell Tony – I'd be using Westpac, St George, Rams or Firstmac for NRAS for the relevant NRAS Approved Participants models, as outlined above.  At best, other lenders will only do NRAS on a case by case basis… and its terribly inconsistent.  I dont understand why people try to &…[Read more]

]]> 0fab91e87c3da5d887e2f75a783ed608 euro73 replied to the topic Chelsea Bowan Hills Brisbane in the forum General Property https://www.propertyinvesting.com/topic/4401868-chelsea-bowan-hills-brisbane/#post-4636072 Sat, 08 Jan 2011 00:53:51 +0000 You should double and triple check with your lender  about this 90% approval they are promising. Its all well and good for them to say they will offer 90% LVR, but  they aren't offering you anything more than a pre approval at this stage, and they are not obliged to offer unconditional approval later on down the track… have you been clear w…[Read more]

]]> 8829ee24991ad131b5cccea97710b62f euro73 replied to the topic NRAS Calculator - What's The Return On Investment in the forum General Property https://www.propertyinvesting.com/topic/4402149-nras-calculator-whats-the-return-on-investment/#post-4637875 Sat, 08 Jan 2011 00:26:17 +0000 onthemoney wrote:
Anyone thinking of buying an NRAS property I am offering a complimentary NRAS PIA (Property Investment Analysis) on any property you are considering buying. NRAS is now widely accepted and lenders policies are changing daily to accommodate this scheme. Here's a video demo: http://www.screencast.com/t/plgkyshbwPj If you would…[Read more]

]]> a2b8372e7992ebf8c46214aa0e9627d0 euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638456 Sat, 08 Jan 2011 00:21:50 +0000 euro73 wrote:
no no no…. don't go down this pathFor starters, loans for purchasing NRAS property are only  available through a limited number of lenders.They are generally available to 80-85% LVR maximum.   Anyone recommending a 105% loan ( which I assume is the 105% Mortgage House product – which isnt available for  investment anyway) for an…[Read more]

]]> 2ac8babc25fad25139b1ad37c7e8b073 euro73 replied to the topic TO CROSS OR NOT TO CROSS in the forum Finance https://www.propertyinvesting.com/topic/4402237-to-cross-or-not-to-cross/#post-4638455 Sat, 08 Jan 2011 00:18:15 +0000 no no no…. don't go down this pathFor starters, loans for purchasing NRAS property are only  available through a limited number of lenders.They are generally available to 80-85% LVR maximum.   Anyone recommending a 105% loan ( which I assume is the 105% Mortgage House product – which isnt available for  investment anyway) for an NRAS  inve…[Read more]

]]> a7f9a7124df45a45aebc66bf21c01196 euro73 replied to the topic $100k in Super - Is it "Doable" to purchase a property with SMSF?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4402008-100k-in-super-is-it-doable-to-purchase-a-property-with-smsf/#post-4637019 Wed, 15 Dec 2010 11:41:51 +0000 sorry Mike, I meant a difference of $300 between St G and the Rock….  $2450 v $2142

]]> 7b0d7cd81b251ad3d106fad9ca19620f euro73 replied to the topic $100k in Super - Is it "Doable" to purchase a property with SMSF?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4402008-100k-in-super-is-it-doable-to-purchase-a-property-with-smsf/#post-4637017 Tue, 14 Dec 2010 12:48:44 +0000 Thats good information Mike- thanks.Seems as though The Rock has a pretty competitive product. In the scheme of things, $300 or so in set up costs is pretty inconsequential, if they have superior borrowing capacity. Correct me if Im wrong, but I believe St G is priced at 7.80% and The Rock is at 7.89%?  Not much in that, either…

]]> 273306358b297f80a69ab9bea8abb20c euro73 replied to the topic $100k in Super - Is it "Doable" to purchase a property with SMSF?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4402008-100k-in-super-is-it-doable-to-purchase-a-property-with-smsf/#post-4637014 Mon, 13 Dec 2010 12:36:49 +0000 OK. My understanding was that the Rock has 70% LVR, no Personal Guarantee and more generous borrowing capacity than both St G and NAB…. and an app fee of $600. That would seem to make it a very good product in a side by side comparison. Is that not the case?

]]> a6bc265640e6f2dbf21af1ea9cd0a0db euro73 replied to the topic $100k in Super - Is it "Doable" to purchase a property with SMSF?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4402008-100k-in-super-is-it-doable-to-purchase-a-property-with-smsf/#post-4637012 Sun, 12 Dec 2010 11:25:13 +0000 MikeF wrote:

euro73 wrote:
Richard/Mike.Pro's/cons of those three lenders products, versus the Rock and St George?

Too many to list here in detail and depends on your individual situation but here are a few; Minimum net SMSF Asset Position – CBA require minimum $300,000 Variable Interest rates – vary 7.67% to 8.59% Monthly/ongoing fees -…[Read more]

]]> c1255caa6d31fc893fee664a533605b4 euro73 replied to the topic Just lost our buyer! :( in the forum Help Needed! https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631274 Thu, 09 Dec 2010 03:34:56 +0000 keiko wrote:

euro73 wrote:

keiko wrote:
Bloody valuers, I would Keep it with the same agent, she sounds like she will work hard for you to get this sold, the agent may be able to make the change to the other properties that she sold by logging onto RPData and making the changes, that is as long as they have sold and are not still under…[Read more]

]]> 7fa61d288c5ef36e5e3bed2e7fd616fb euro73 replied to the topic $100k in Super - Is it "Doable" to purchase a property with SMSF?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4402008-100k-in-super-is-it-doable-to-purchase-a-property-with-smsf/#post-4637010 Wed, 08 Dec 2010 13:12:29 +0000 Richard/Mike.Pro's/cons of those three lenders products, versus the Rock and St George?

]]> 42294959ecb6588062ddcfcc8b32c096 euro73 replied to the topic Any info on NRAS housing in the forum Help Needed! https://www.propertyinvesting.com/topic/4401420-any-info-on-nras-housing/#post-4633578 Wed, 08 Dec 2010 12:32:18 +0000 Thats useful information Sue, but it's only information about QAHC.   As I've stated in other posts, QAHC is not the only NRAS Approved Participant whose model has been approved by lenders such as St George, Westpac and Firstmac, or approved by Genworth LMI….  so Id like to talk about the other models too, so we arent being seen to be re…[Read more]

]]> b72dbe6539dd02056691a10302033d50 euro73 replied to the topic Negative Gearing with Positive Cashflow!! It is possible in the forum Creative Investing https://www.propertyinvesting.com/topic/4401774-negative-gearing-with-positive-cashflow-it-is-possible/#post-4635534 Mon, 06 Dec 2010 15:09:57 +0000 I have to say, the attacks on NRAS as slums of the future are a little unfair. There are only three types of property that can attract NRAS1. Completed Spec Home2. New Construction Home/Townhouse3. Units/Apartments. Except for small unit/apartment developments, concentration levels for NRAS are limited to 30%. There are only a very small number of…[Read more]

]]> 96c62dc5db50c40d427fcf74506f7fb8 euro73 replied to the topic Any info on NRAS housing in the forum Help Needed! https://www.propertyinvesting.com/topic/4401420-any-info-on-nras-housing/#post-4633576 Mon, 06 Dec 2010 14:17:45 +0000 No problem Galen. NRAS is really poorly understood unfortunately, so I'm happy to be able to provide some broader perspective.  The tax benefits are what everyone is focusing on, which is understandable of course- after all, this is an investors forum, but for the lender being asked to provide finance against a security which is being entered…[Read more]

]]> 5f8c7ea55a959dd584e1194abb299342 euro73 replied to the topic Any info on NRAS housing in the forum Help Needed! https://www.propertyinvesting.com/topic/4401420-any-info-on-nras-housing/#post-4633574 Thu, 18 Nov 2010 03:36:56 +0000 Prices have definitely been jacked up, no question. Easy to verify with a property search.1/3 of the rebate is lost in fees. So that 91K (Qld!?!) is closer to 60KPrices Jacked up-  thats where valuations are key.  This problem isnt exclusive to NRAS property. 1/3 lost in fees-  its a broad statement but not entirely accurate- depends on which NR…[Read more]

]]> 6b57ba7d533af4017fcaa2472ef51d67 euro73 replied to the topic Just lost our buyer! :( in the forum Help Needed! https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631267 Mon, 06 Sep 2010 12:18:53 +0000 keiko wrote:
Bloody valuers, I would Keep it with the same agent, she sounds like she will work hard for you to get this sold, the agent may be able to make the change to the other properties that she sold by logging onto RPData and making the changes, that is as long as they have sold and are not still under contract, (I think this is possible…[Read more]

]]> 825033cb0f0063768e0dccd6a04abdb4 euro73 replied to the topic Negatives of Positive Gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4398872-negatives-of-positive-gearing/#post-4617662 Tue, 11 May 2010 04:51:51 +0000 The only negatives to Cash Flow positive properties are the perceived negatives.1. the properties must be cheaper and therefore are likely to be in less desirable areas and show less growth.2. The types of properties that fit CF + profile.  Student Accomodation, regional property etc. May be more difficult to borrow against and LVR's will be…[Read more]

]]> 4278674c95cd27aa11e12d70f177b81a euro73 replied to the topic NRAS ATO ruling 2009/146 in the forum The ATO has passed a ruling https://www.propertyinvesting.com/topic/4398717-nras-ato-ruling-2009146/#post-4616747 Tue, 11 May 2010 04:34:06 +0000 The ATO has passed a ruling this week …. National Rental Affordability Scheme Amendment Regulations 2010 (No. 1) Select Legislative Instrument 2010 No. 78 I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the National Rental…[Read more]

]]> a3cfac3730ddb6047764bdda90543875 euro73 replied to the topic Cashflow Positive New Homes - NRAS Allocations in Adelaide in the forum Finance https://www.propertyinvesting.com/topic/4399045-cashflow-positive-new-homes-nras-allocations-in-adelaide/#post-4618871 Tue, 11 May 2010 04:31:07 +0000 I keep hearing that the majors are about to start doing NRAS deals. Seems the Head Lease Agreement issues have been ironed out/amended, and some of the leading consortiums have brought the relevant Govt depts and banks together to sort it all out.

]]> 0bd88b2a056a5d1ae170ee20a7b264f0 euro73 replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/4/#post-4601890 Thu, 25 Mar 2010 15:31:51 +0000 Dont know if there are too many LOC's where Capitalising interest is possible now. Still, easy ways to trick most the banks systems. Just set up a direct debit to draw the interest payment out of the loan and back into the same account. Most the lenders systems will recognise the minimum repayment has been made, and in effect you are capitalising…[Read more]

]]> e74b005c29a8ad60c883d76b66ac4879 euro73 replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601888 Wed, 24 Mar 2010 12:47:41 +0000 Thats still possible shamematt. You'll still have access to equity but its just stricter now.  No ones saying you cant get a Line Of Credit for legitimate purposes or access equity for legitimate purposes.  That hasnt changed.  The real difference now is that  banks will no longer give anyone money with a "no questions asked" kind of approach, jus…[Read more]

]]> 762492f8f11481d3f08fa7b28ba70d54 euro73 replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601886 Tue, 23 Mar 2010 13:11:49 +0000 P.S does anyone think the banks will repeat the same mistakes one day and credit will once again become easy to get? Even if thats years down the track?[/quote]Shanematt- the short answer is NO for the next few years at least.  Cost and Supply and investor appetite will combine to put a lid on the availability of money/credit for the next few…[Read more]

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