Here's an article from a broker website today

http://www.theadviser.com.au/breaking-news/7937-ybr-to-challenge-majors

Cheers

Jamie

Hi Goldfisk

I don't quite understand the questions but I'll give it a go.

There's a difference between "actual" and "useable" equity.

For instance, a property worth $200k with a loan of $100k has an "actual" equity amount of $100k.

However, the bank won't let you access the entire $100k because that would leave you with a 100% loan.

The max…[Read more]

I forgot to mention – we used this online company for a recent IP reno http://www.cheapa-blinds.com.au/

Can't complain. The quality was pretty good and they were shipped quickly.

Cheers

Jamie

alfrescodining wrote:
I'd rather buy big land in a "lowlife" suburb than paying $1.2 million for a box in the inner city with a 2% yield.

There's much better value out there.

And people aren't lowlifes for living there.

Agree with the last sentence – just because an area's deemed to be a lower socio economic area or whatever they want to…[Read more]

Hi S Drake

If you think your current unit would make a good investment then I'd be inclined to hold onto it.

The LVR isn't too low – so by converting that loan to interest only now, you'll be able to claim a decent chunk of interest when it becomes an IP.

How much are you looking to spend on your next PPOR?

If you do decide to hold onto your…[Read more]

Depends on the type, size and dimension of the blinds but that seems pretty reasonable for supply and fitting.

Cheers

Jamie

Looks like I got this one right

On hold for another month http://www.theadviser.com.au/breaking-news/7926-rates-on-hold

Cheers

Jamie

lol – I don't mind admitting to not being able to pick RBA rate movements. Sometimes it's obvious – sometimes it isn't. I don't think today's decision is that obvious – it could go either way, I think it will remain unchanged.

Cheers

Jamie

No change.

But I've been wrong before – plenty of times.

Cheers

Jamie

No worries.

Welcome aboard.

We're a friendly bunch so don't be scared to ask questions.

Cheers

Jamie

I'm no IT tech head but I've just started using google chrome and find it heaps better than Mozilla.

Cheers

Jamie

+1 for Richard.

He'll do a great job.

Cheers

Jamie

No – you can keep them separate with the structure I outlined above.

Yes – depending on the lender, a 90% equity release on your current property might be possible.

Cheers

Jamie

Terryw wrote:

Just because most are clueless doesn't mean all are. (from what I see at training sessions etc most are clueless)

It's scary isn't it.

I went to an accreditation session for a lender that just came onto our panel the other day. I must admit, if that room was used as a sample of the general broker population, then the quality…[Read more]

Hi J

Welcome aboard.

In answer to your questions.

1. You have $150k of "actual" equity. However, the bank won't let you access all of that. They will let you either access up to 80% of the properties value ($55k) or possibly up to 90% ($102k) depending on the lender.

2. No. You don't have as much "useable" equity than you thought. Taking the…[Read more]

Probably not best to refer to them as "lowlife" areas…..lol

Cheers

Jamie

Havinfun wrote:

Would the CBA still drop the rate even though I have taken the wealth package?

Cheers

Yep – prob have a better chance under the package.

The MISA isn't too bad. It's not quite a normal offset but it's easy enough to get around the little quirks. I used one for years without too much hassle.

Cheers

Jamie

Hi Julz

Welcome aboard.

Be careful with off the plan – there are pros and cons to consider (probably more associated with the latter).

If you do a search for OTP or off the plan – you'll find a lot of information.

Cheers

Jamie

Investors have, and will continue, to make money out of lower socio economic areas.

Some buy undervalue, some add value – and some buy in areas that are experiencing a gentrification process.

Cheers

Jamie

Dubstep wrote:

Go Jamie !

Go you good thing.

hmmm….not sure if it's a good or bad thing. 

Cheers

Jamie