Freckle wrote:

PLC wrote:

PLC wrote:
As Colin mentioned, its about supply and demand.

A simplistic and inaccurate assumption at best.

Please elaborate on what is driving growth?

Sentiment and greed?

Get a valuation or two done on your property as it could be valued at more than you think or less.

Consider a 90% lend on both properties. Can go to 95% as I've seen it work but really needs to be in a moving market imo. or if you intend to hold for an extended period. 

Would depend on the rest of your situation but it buying a property in a location that has had historical growth and you are not going to be worse of cash flow wise then go for it.

Definitely buy in both names 50/50 split.

First step would be to chat with an MB to see if you are even in the game and any decent one will advise you on how to get…[Read more]

Supply and demand will be the biggest factor as well as continued wage growth combined with comparatively low interest rates. 

I'm not a crystal ball polisher but it seems to be holding up ok and looks that way for the foreseeable future, but who knows whats really going on behind the scenes???

Yes.

bla0018 wrote:
So save as much into an offset account and use that as a deposit for the next home? Sorry for all the questions just want to get a good grasp of how I should set up my portfolio thanks 

Use the available equity in the PPOR for the deposit on the IP. If not enough available then pay down some of the PPOR loan and…[Read more]

caveatemptor wrote:
Do you have link to somersoft?

http://somersoft.com/forums/search.php?searchid=7453712

Benny wrote:
  In my case, I deliberately held off investing for nearly a year, over which time I read several books, visited property forums, and went to seminars.  Along the way, I met many others who were already investing in property.    Some were developers, some were "buy and holders", some were buy/reno/sell, and some were…[Read more]

Depends on the buy in price of the property as money is made at purchase, in the short term. 

You could potentially buy a property for cash under market value preferably  and do a reno, get the property revalued and repay all of the money.

Not recommending you do this as I don't no your level of expertise and you would have to have all your…[Read more]

Go along even to learn what not to do and warn a few others just quietly. 

Benny wrote:
  I don't know what is in a name, but Port Hedland is a place on my Bucket List (in reality, I'd like to see a whole lot of the West Coast).   

Well worth the effort, not sure about PH though but the west coast is amazing as the landscapes change several times if you start in the south west and work your way up to the Kimberleys.…

Perth had a great year in 2013 and still some room to move in 2014 according to the local experts whom I know one personally and the other is reputable;

http://www.perthnow.com.au/realestate/news/perth-property-buyers-to-start-2014-with-confidence/story-fnhlgriw-1226792662060

Jamie M wrote:
At 90% NAB are still going to want a full val. I think it's worthwhile pursuing but there's still the risk of the val coming back with issues due to the lack of comparables.  Don't get your hopes up but it's worth a crack.

Or NAB sends out the same valuer. Take Shahins offer to try and avoid this. 

Every property has a title deed which is a is a legal document used to prove ownership of a piece of property. 

The bank you have your mortgage with will hold this title deed that will list you as the legal owner. 

Once the property is sold and the debt extinguished then the title deed is transferred to the new owner and bank if different from…[Read more]

Land is what increases in value and building s decrease in value over time.

As long as you can Tennant the house and land then that would be my option for the reasons mentioned above.

Also would advise going interest only with an offset rather than pumping the extra funds into the first property. That way you keep your options open.

Well done,…[Read more]

Different lenders servicing varies dramatically. Doesn't make sense to the uninitiated but its a fact that cant be ignored.  

Yes it is fine to do so. She may require permission from FIRB (foreign investments review tribunal).

Interest rate will be the same.

Advice from a tax accountant & property lawyer would best be sought in regads to ownership and your future investment plans would need to be considered as well as incomes and whether the property is a PPOR or…[Read more]

Escal8 wrote:
Just ensure that your loan's offset account is true 100% offset as I've heard that a few aren't and catch people by surprise.

St George are notorious for this if you don't choose the correct offset. There system has a glitch on interest only loans where the assessor at application stage cant choose a true 100% offset account so…[Read more]

mattliasiian wrote:
But what if I get emotional attached to the property and decide to live their forever will this loan structure strategy still work ???

Yes it will still work even if you live there forever.

Example;

500k purchase price + 500k in the offset = no mortgage payments and 500k cash available as required with out going to the…[Read more]

LOC has the same benifits as an SVR (standard variable rate) from my understanding.

Only difference I can think of is the ability to capitilise interest. You would want to get specialist tax advice from an accountant if you where to consider this.