Apologies CBA will only accommodate ex pats working overseas not non citizens of Australia.

Your welcome. Im guessing St George or CBA?

Sounds like you are all over it.

Thanks again.

Thanks for taking the time to respond Steve.

Also noticed the signature option in “My Profile” is not editable in regards to hyperlinks and sentence spacing.

All seems to run in one line regardless of what the edited signature looks like.

Noticed Jamie M worked out how to hyperlink but he is from Canberra :)

You can negotiate on the advertised rate or better still get a broker to go into bat for you.

I am finding CBA are pricing competitively if asked.

Follow your own advice and save the money in an offset with an interest only loan.

It has the same nett effect with the advantage of retaining the cash in you coffers and not the banks. As well as preserving the principal loan amount so when you rent it out you are minimizing your tax by offsetting the rent with interest payments on the…[Read more]

Consider financing the 3rd IP at another bank to mitigate the risk that concerns you as the new bank will rely on estimates of the other 2 properties values. If you do the 3rd IP at the same bank they will have the most recent valuations on file and may require updated valuations if the LVR is over 80% and/or they have concerns on the current…[Read more]

A “most recent comments” option would be great rather than having to go into the separate topics or am I missing something?

Thanks Steve for this excellent resource made free to all at your expense.

AMP will only allow 10 IPs and then no more funds available.

May be worth exploring moving a few of your AMP properties to another lender/s in order to accumulate more properties in order to avoid the serviceability ceiling later rather than sooner.

You have highlighted the two most important criteria being serviceability and security (usually…[Read more]

Valuations are essentially channeled through two sources that the banks use, VMS & Valex, so it is likely you will have no say in who values your property when it comes to finance.

Some smaller lenders will still allow you to choose a valuer on their panel. 

Rivervale is a decent suburb due to its location. Hard to say with out seeing the specific property/s and even then I would not make a specific comment due to my license and PI cover but others may comment freely. 

Perth on the up? Depends who you speak to but all the "experts" like Gavin Hegney and Damian Collins seem to think Perth is in for a…[Read more]

adriannqld wrote:
 Often what the majority of people say on the street is based on other people on the street, not those in the know.

Excellent advice and can verify from personal experience that most people have half the facts which often makes what they say not true 

LOCs can be recalled at anytime as per contract, the majority any ways.

Standard loan, Interest Only with an offset definitely the way to go.

For those in WA playing along you are still entitled to the FHOG  if you have IPs as long as you have never lived in any of them and you (or your live in partner) never purchased your own home before. 

Please confirm by calling the FHOG Helpline on 08 9262 1299.   

Yep, get your finances in order first as per Richards advice or you will end up putting unnecessary pressure on yourself and the broker. 

If you don't have many debts then looks doable to me. 

A simultaneous settlement (in WA) is two or more properties settling on the same day. 

Eg. Refinance from another bank and a purchase at the same time. 

Stamp duty is paid on the purchase only. 

Contact an insurance broker to do some leg work on your behalf or ring around to get some quotes to compare. 

I have heard good things about Real Insurance. 

bla0018 wrote:
Sorry little confused I don't want to sound stupid but I purchase ip by using equity from my ppor but if I'm paying intrest only and saving in an offset I won't have much or any equity in the ppor 

Can pay down the PPOR loan  from offset savings if required but will depend on the valuation on PPOR at the time of the IP purchase…[Read more]

bla0018 wrote:
Thanks for the response 
so your saying to continue paying P&I and use equity to purchase future purchase? 

P&I is ok but better to go interest only with offset.