I'm sure every REA in NSW will tell you there an expert at selling properties! 

Cheers

Jamie

Nothing wrong with the CBA wealth package apart from the MISA not being a true offset – but you can get around that quite easily.

Cheers

Jamie

I think we managed to get almost everything into a 4 or 5 tonne truck.

Cheers

Jamie

Last move was to our latest PPOR four months ago. 

We had less "stuff" to move with this time around because I hate clutter! There was a massive culling exercise that took place before the move

Cheers

Jamie

You can get early access if it's agreed to by the vendors.

Ask your solicitor to work it into the contract.

There are some risks with this approach – such as settlement not occurring and you've already commenced work. However, there are obvious benefits as well and I've used this strategy a couple of times and it's worked out…[Read more]

Sounds like it would need planning approval. You should call your local planning authority to suss out.

Cheers

Jamie

It's the most common approach I come across – particularly for first time investors.

Sometimes you get clients who don't feel comfortable with accessing equity in an unencumbered PPOR – and  I can understand why (there's an emotional factor at play – they have spent years paying down the debt).  However, it's often not a good financial decision…[Read more]

Being indecisive won't get your far. So many people get caught up with over analysing everything that they never actually do anything.

Cheers

Jamie

Hi Natalie

I wouldn't stress too much about the pre-approval lapsing. I probably wouldn't bother with getting another one either providing your situation hasn't changed.

Cheers

Jamie

Hi Rusty

Can't speak for everyone but the vast majority of my clients that go to auction arrange building/pest before bidding.

I know it's a pain in the a** forking out the cash for something that may not eventuate but you are spending a LOT of money on the property.

I had a client recently bail out on an auction property because of issues with…[Read more]

Hi Rusty

Yep – there's no turning back from an auction purchase.

You're right – in the ACT, the building/pest will be made available prior to auction. You'll need to reimburse the seller at settlement.

Cheers

Jamie

I like the ANZ b/free package.

Generally speaking, there an easy lender to deal with when accessing equity because their policy in this area is quite transparent. Valuations can be ordered upfront and the loan product itself is pretty good.

Like you mentioned, when you increase your borrowings under the package you'll be entitled to a larger…[Read more]

Hi Mel

If you do a search on NRAS you'll find a heap of info.

There's nothing wrong with renting and investing.

However, you don't need to sell your home in order to invest.

If you'd prefer to keep your home, you can always access equity in it which will be used to purchase your investment properties.

A major benefit of this approach is that…[Read more]

No it's all good.

Cheers

Jamie

Hi there

We done something similar to an old tiled bath a few years back.

The product was called "bond" something – it's basically applied like a render, wait for it to dry and then tile onto the new surface. It looks good and no tiles have moved.

Cheers

Jamie

It is quite annoying how they harped on about removing Deferred Establishment Fees but don't mention that there are still discharge fees, state Govt. fees, break costs if the loan is fixed, etc. It's not a simple $0 bail out from one lender to the next.

At least some lenders are providing cash rebates which usually cover most of the transaction…[Read more]

Hi there

Weren't the responses from SS enough

Personally, I have a preference towards using a smaller deposit, copping some LMI and retaining a large chunk of your savings. If this is going to be an investment later on – this debt will become deductible. I wrote this article for API mag recently on this exact topic.

If you do decide to use a…[Read more]

Advantedge – they are backed by NAB and operate only via the broker channel.

A good product if you're not in need of an offset.

We tend to use them when the client is getting closer to hitting a serviceability wall.

Cheers

Jamie

cc554432 wrote:
Hi Jamie, I am in Melbourne, that would be great if you could pass on those details.
Kind regards Callum

No worries – his name is Richard White.

E: info@whiteinsure.com.au
W: http://www.whiteinsure.com.au

Hi Renae

It's difficult to comment based on the info above.

Cheaper doesn't always mean better (it rarely does). 

It all comes down to what you need in the loan and what your longer term plans are.

Cheers

Jamie