Banks don't seem to like the self-employed and contractors very much at the moment

Why wouldn't land have an income for up to 2 years?  I got a house and land package, and from the time of signing to the time of moving in was 6 months.  It would have been faster had the time not spanned Christmas, when tradies shut down for a couple of weeks.  It was a great acquisition for me.  I bought land really cheap in a new housing est…[Read more]

Hi RichardAsset protection with regards to trusts is indeed often mentioned.  What sort of scenarios might one be preventing oneself against?  If I am an I.T. contractor that has separate professional indemnity insurance to cover me in case of litigation due to my work.I'm had a chat with a couple of accountants about whether to buy in my own n…[Read more]

I don't know much about Mernda or Craigieburn, though Craigieburn is supposed to be quite a growth area with good rental yield.Tarneit and Wyndham Vale will have new train stations by 2014.  They are nicely positioned smack in between Melbourne and Geelong, so great for commuting to major employment centres.  Tarneit is within a 5min drive of W…[Read more]

Indeed.  It's not like this is the last house available to you on the planet.  There are plenty of others out there…

Can they just not be bothered to edit and reprint the contract?  Your solicitor will probably be able to put a line through the clause and handwrite whatever clause you prefer to see.  Talk to your solicitor

Well if you don't proceed, your mortgage broker doesn't get paid at all.  So his advice at this point won't necessarily be in your best interest.  If you don't proceed, your solicitor will earn less money.I would probably call another solicitor and ask them what they would do in this situation.  It is generally better to try and use a solicitor th…[Read more]

HiI went along and drilled "McDonald Ross" the other day.  They seemed good.

Your solicitor will sort it out.  Don't sign the contract if you don't like it.  Tell your solicitor which clauses trouble you, and ask what your options are, but don't sign if unhappy!

But does the subject to finance bit say "subject to finance acceptable to the purchaser"?Also, has the bank seen this building inspection report?  Would the finance still be available to you if they saw it? (I wouldn't recommend offering to show it to them without first discussing the idea with your solicitor).

Have you actually signed a contract of sale?  If so, what was the exact wording of all the subject to clauses?  eg subject to finance, subject to building inspection etcWhere is the house located, and what is the size of the land?

What is a part 9?

Hi!

PeppersGhost wrote:
We would prefer a bigger house

Who is "we" ? Is it you and your partner, or are there others living in the house?  In other words, do you actually require this extra space, or do you just want it?  If you just want it, ask yourself what the reason is.You'll need to work out what the cost of living will be upon your r…[Read more]

Hi I know of one, and I know who owns the property as well.Drop me an email at jacqui.middleton@macquarie.comJac

Always have an offset account against each loan.  Put all money in there instead of on the loan.  Then you can pull the money out when you want.  And in the meantime, it holds off the interest.

ANZ uses a company called Land Property Group.  That's who they used on a recent property valuation for me…

Hm Docklands.  There has been a massive oversupply there.

Hi Christian and Terry,You've both given me some extra ideas.  Thankyou for contributing!jac

Right well yes extra money in the pot changes things!Obviously you guys need to work out whether you want to buy in joint names or what.  Relationships can break down, and it can cost a lot of money splitting up the assets.That said, if you proceed, it is probably best to put the investment property in your name, simply because you are the higher…[Read more]

Awww no-one likes my topic Super keen to hear people's thoughts