where is the place and how much did u purchase the unit?You need to take into consideration the re-sale value ie. comparison in that market  and the length of project.Plus the cost of interest rates and transaction cost.CheersDonald

Disadvantage:1. High MER/Strata fee/ management fee etc.2. Restricted to investor only (difficult to sell to home buyers)3. No/low capital growth4. Difficult to sell, normally longer than usually property5. Usually small apartment (ie. studio), problem with funding6. Although ROE is usually higher than usual, but the  net return probably slightly…[Read more]

I am not mad enough to invest 250,000 pounds on something/somewhere/sometime/somehow/somewhat in a dreaming land.Plenty of opportunity in AustraliaNot for me…CheersDonald

you are still able to get  << 400k houses at Granville, Auburn etc… which are not far away from Paramatta.

There is always a chance of succeeding. This is a buyer market.Find out why the property is sold for etc…..?But please do some due diligence prior to offer.CheersDonald

Hi Brad,I m still very keen awaiting for your answer!!!Can you elaborate about your 'so called' mortgage monitoring to reduce the debt?If u think that Signature financial is so great, please share it with the forum?CheersDonald

Nope. You can place a bid whatever you like. It is just an agent's trick trying to lure the buyer to bid higher.There is no LAW to prevent you to bid lower.

Have u try large accounting firm? I think they are cheaper than C&N!! C&N charges up to A$1000  just for financial health checkIf you want to pay top amount of money, might as well seek the top accounting firm.I m sure that KPMG, PCW, Prosperity, E&Y etc will charge lower fee.No harm to give them a call

Dear Mark alias Brad,Since you are one of their 'loyal' customer, Could you explain to us by what mean that monitoring of the loan can reduced the principal/interest rates/payment substantially?I am happy to triple the commision if they can showed it to me?Hi Don,Dunno anything about myloan my way.I prefer myrate since the rate is only 8.59% with…[Read more]

Just remember that 'the worst house' in the best street… it may cost you money in long term i.e. renovation etc in order to keep the property.

I don't believe that ANYONE could decrease the loan repayment by monitoring?? what kind of crapt?What kind of monitoring is that? Could you elaborate more about it?I thought that the quickest ways to pay off the loan are increase your payment or decrease the interest rate.I don't believe on 'fancy' software.I would rather inject my A$5000 into my…[Read more]

Ask you solicitor to provide the case example.I am sure that this kind of case has been tested in the court.Is your solictor specialised in property law?CheersDonald

Suggestion…don't depend on 1 source.I have my own tax accountant/adviser, independant solicitor and mortgage broker.I did source my property from buyer agent but I refused to rely on one source or one package deal (no conflict on interest).It is always nice to cross check with each other to minimise of being ripped offCheers Donald

Hi don juan,how long ago is that?The latest ING Direct is 8.78% ( > 300k) or 8.84%. They just increase by 0.1%Have u ever deal with Nic Gruen? ThanksDon

Hi Richard,Thanks for your input. I m only looking for cheap simple variable as I did tell my broker.ING offers 8.78% and bank west rate tracker 8.46%. There are plenty of offset wealth packageoffered by the banks but I m not keen.Just wondering what do you normally offered your client. Sorry if I m too naive.CheersDonald

Hi Richard,Thanks for your comment.My main interest is obtaining loan for my IP. I did search around using various website (infochoice, ratecity etc)and there is no difference obtaining 'simple full doc' home loan directly compared to through the broker.The rate is quite competetive.Eventhough, onedirect/myrate/quick direct etc were initially…[Read more]

Hi RichardThanks for sharing your thoughtsCheers

http://realestatesuccess.com.au/content/cashflow_capital

Commission of 2%. it must be a rip off.Actually they sourced the property from domain.com.auThe picture(s) is exactly extracted from domain.com.auYou may try to use the 'phrase' of particular property you like and search it in google AND use 'domain'

Virgin Blue airline not doing well too with its shares keep plungging since IPO