PropertyInvesting.com | Getafix | Activity https://www.propertyinvesting.com/members/getafix/activity/ Activity feed for Getafix. Tue, 14 Apr 2026 22:30:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a4e8ded6b9e4e36d7c5d45d7c036b66e Getafix replied to the topic I've purchased off mkt with 10mth settlement - How can I get a higher val from bank in time for settlement in the forum Finance https://www.propertyinvesting.com/topic/ive-purchased-off-mkt-with-10mth-settlement-how-can-i-get-a-higher-val-from-bank-in-time-for-settlement/#post-4697431 Sat, 29 Mar 2014 11:08:52 +0000 Thanks guys for your comments. I am going for funding soon. Settlement has been pushed back to August now on vendors request which suits me fine.

]]> 8113de4414ab89b219ee3d4a03bd360b Getafix replied to the topic I've purchased off mkt with 10mth settlement - How can I get a higher val from bank in time for settlement in the forum Finance https://www.propertyinvesting.com/topic/4410430-ive-purchased-off-mkt-with-10mth-settlement-how-can-i-get-a-higher-val-from-bank-in-time-for-settlement/#post-4697427 Fri, 20 Dec 2013 06:07:55 +0000 Thanks Ryan…if I get the plans and permits approved before settlement then they will revalue right?

I'm planning on living there for at least 6 months to get PPOR and then look to sell or if possible develop…need a bit of extra equity! :) 

]]> b1ae7a0b41dacc4e02fe0c749e1ab413 Getafix replied to the topic I've purchased off mkt with 10mth settlement - How can I get a higher val from bank in time for settlement in the forum Finance https://www.propertyinvesting.com/topic/4410430-ive-purchased-off-mkt-with-10mth-settlement-how-can-i-get-a-higher-val-from-bank-in-time-for-settlement/#post-4697425 Thu, 19 Dec 2013 08:36:44 +0000 Thx Jamie…

]]> 48021e3663e6c812960b2af05e964eff Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/page/2/#post-4694476 Tue, 29 Oct 2013 03:12:20 +0000 Hi everyone,

Thanks for all your advice. It has been really useful. I've decided not to go with apartments for many of the reasons that have been mentioned, in particular: keeping it simple given its my first project, financing for such a large project, resale (as there are a lot of apartments going up in Boronia in the mid term) and the 2-3…[Read more]

]]> 51d5e448c1c1cb8aac6105f9fb0ad676 Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/page/2/#post-4694475 Wed, 09 Oct 2013 02:32:37 +0000 Hi Dave,

Thanks very much for taking the time to share this. I might PM you and we can chat further.

]]> 2712a7bfc58b9d6f52cc706cd7f90272 Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694470 Wed, 18 Sep 2013 14:55:18 +0000 Thanks guys for the feedback. I'm meeting with Anz tomorrow and got a call into cba so ill definitely follow up on the great points you've raised.

]]> 4ba11b97c90f839f063ef8bd456100cf Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694466 Mon, 16 Sep 2013 03:33:21 +0000 Thanks Alistair, you're on the money – it was ANZ that I spoke to as they are my current lender. Sounds like I definitely need to do a lot more work on the funding piece and speak to a few other lenders. I've got other equity partners that will come in on the project so I hope this will help the project.

If I was determined to go ahead with the…[Read more]

]]> 1c9d703af593756f051b8969d4791473 Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694464 Sat, 14 Sep 2013 09:40:31 +0000 Thanks for your comments Richard. I’ve spoken to a big four lender. The commercial lending relationship manager said:
– they would fund the project based on my model which was conservative and tied into her estimates. I told her it’s my first project and it wasn’t an issue.
– lvr 80% of cost and 65% of gross completion value
– presales of 50-70%
-…[Read more]

]]> 758a2e92ad7c9fd1ec4ea9ca039d82e1 Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694462 Fri, 06 Sep 2013 03:36:36 +0000 Thank mattnz, I’ll check it out.

]]> 1fb47a2c48e15fa7755a4d918b053e1b Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694460 Thu, 05 Sep 2013 22:00:49 +0000 Could anyone recommend a reputed builder and finance broker I could speak to?

]]> 63fa5691b6e2d2a49aeac8c1bb238182 Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694459 Thu, 05 Sep 2013 21:21:13 +0000 Hi Wilko1, my pockets are not very deep :) which is why I wanted to consider whether this option is worth the risk given its my first time. If i build ill definitely need to raise some equity.

Thanks for the interest and build cost estimates. Once I get plans approved and units 70-80% presold. It is only then that i would consider building.…[Read more]

]]> 4eb14fa59f483eec4647a6c18bd2fd2d Getafix replied to the topic Multi-apartment development - should I? in the forum Value Adding https://www.propertyinvesting.com/topic/4409962-multi-apartment-development-should-i/#post-4694457 Thu, 05 Sep 2013 13:41:01 +0000 Thanks Wilko1, I would sell most of them, maybe just keep one or two. I'll would prefer a high lvr at current interest rates and may need to pre sell more. There are a lot of units being pre sold in boronia at the moment so there is demand for 2bed apartments. The units would be a more feasible option and require less equity. You've given me food…[Read more]

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