Same is happening in WA.

A number of clients and friends in high paying professional positions have either been made redundant or have concerns its looming.

First year as an MB broke even, second year made a small profit, third year cracked almost a 100k and fourth year in will surpass 100k and may be able to start borrowing OPM again if the missus stops getting pregnant. 

Not an easy road by any means but I reckon I will be earning 200k+ in the near future (barring another GFC type event) with a…[Read more]

Not sure where you are located but in WA you can access government sponsored loans that allow you to purchase with as little as 1% deposit and also have shared equity schemes where the government will share up to 40% of the loan costs. It is suitable for owner occupiers though.

You can also get in for as little as 5% deposit and the usual genuine…[Read more]

Never heard of him?

Proceed with caution.

The deals I have seen (not all) done with property marketing companies don't end well and peeps often find out long after they are gone.

The truth of the matter usually comes to light after I have ordered valuations!

grimnar wrote:
 So would be interested to see a ballpark from anyone's experience or knowledge, it is extremely hard to find comparables!

Im based in WA but assuming the same principal would apply Australia wide. The valuer will put a price on the dwelling as is and if you are lucky will add the construction price of the new build to the…[Read more]

Jamie M wrote:

FMS wrote:

Qlds007 wrote:
 So after a day of politely explaining the structure/scenario and the advice already provided by credit – they overturned their decision and granted formal approval…..so all in all, I gained a couple of premature grey hairs for nothing

It always pays to be polite and patient with the bank staff…[Read more]

From my understanding In WA if you go via the Family Court you can be exempt from stamp duty if the separation/divorce is settled within 12 months for married and 24 for defacto. 

Depending on you financials and how they are structured will be viewed differently by banks.

As suggested it is advisable to seek the assistance of a broker who has knowledge and experience working with self employed people. 

if you have approached your bank and they have said no, it does not mean there are not other options available. 

Some brokers have access to car buying services for clients.

Google a broker who specializes in equipment and vehicle finance in your area. 

Qlds007 wrote:
What is more scary is that you can speak to 2 different people at the ATO and get 2 separate answers.

That sounds like the same as talking to the banks 

Makkdogg wrote:
I do know that when looking at houses to rent the real estate was actually contacting me to see if I was still interested etc  I take that as a bad sign normally I'm harassing them!! 
5 kids (hand brakes lol) and our rent really pull us up on what we would be eligible to borrow. 

Rents in Gladstone, and I am assuming surrounds…[Read more]

Would not be surprised if rates stayed steady for 12 months+

In saying that a lot can happen in a week never mind 12 months?

Ahhh know that feeling. I wouldn't have realised either if I didn't turn on the TV whilst enjoying my morning coffee. 

Steph87 wrote:
Hi There,
With the new R60 coding laws just passed in WA, would it be possible to build 2x 2 storey townhouses side by side on a 12.5m frontage x 20m?
That would mean they would be 6mx20m each but 2 stories.
I am not 100% sure on the R60 zoning but I think it is now 150m2 block average and 120m2 minimum?
Thanks in…[Read more]

Jade12 wrote:
Hi, 

I am getting ready to purchase my first investment property. Have lots of questions in mind:

– Should I get a deposit bond instead of using my cash as deposit?  

Would also depend if you have a PPOR?

If so then would be better to use the cash to pay down the PPOR loan then re borrow placing the funds in a separate…[Read more]

It would depend on your future goals out side of the one stated?

Offset accounts if used correctly can be powerful wealth creation and taxation tools.

If you haven't already, it would be a sound idea to "pay off" your mortgage by accumulating funds in the offset instead of paying down the principal loan amount, especially if you are intending to…[Read more]

If you haven't received any or little capital gain in seven years then you are either overdue for some or history may repeat it self.

You need to decide if this is the case and if no gains are likely then may be a good idea to look else where imho. 

I have managed to use them successfully on many occasions with no issues and have found they always do what they say they will.

A pro active BDM is always helpful to have on your side.

If you have the time and a basic knowledge of the tenancy act in your local jurisdiction it is doable. 

I would keep the relationship strictly business as your Tennant is actually a business partner not a friend. 

Rephrase please. I think I know what you are saying but better to clarify a little, or a lot more.