[janecavParticipant@janecavJoin Date: 2012Post Count: 9]

May 28, 2016 - 9:31 am

Totes amazeballs.
This was my 4th conference and it was the best one I believe.
Daniel Flynn and Brendan Nichols were incredible.
I loved the focus on mindset throughout the conference.
And I liked that Steve did a few talks, each focusing on different things. Very educational.

[janecavParticipant@janecavJoin Date: 2012Post Count: 9]

April 19, 2014 - 4:09 pm

Hi all, this item has now sold. Jane

[janecavParticipant@janecavJoin Date: 2012Post Count: 9]

March 12, 2014 - 6:20 am

Hi Tomo11 again,

I'm glad you've found all the comments helpful! 

Just to clarify on the last post from Qlds:

I just bought a 23sqm place in December with 80% LVR and no mortgage insurance. Lender was CBA.

The 27sqm I bought in 2011 with same LVR and no mortgage insurance. With CBA.

The first place I bought was 23sqm, was in 2008 (just before GFC), had a 20% deposit, borrowed 80% and paid mortgage insurance because I was self employed at the time. CBA too.

I've just stuck with CBA because it suits me, but others do lend for it too. Can't remember who though soz.

[janecavParticipant@janecavJoin Date: 2012Post Count: 9]

March 11, 2014 - 8:21 pm

Hi Lulu and Peter,

I just posted up my Complete Reno System for sale in case you're interested.

Jane

[janecavParticipant@janecavJoin Date: 2012Post Count: 9]

March 10, 2014 - 9:23 pm

Hi Tomo,

It's absolutely possible to get funding for places like your suggesting.

I have bought 3 studios (27sqm, 23sqm and 23sqm). I have used CBA for all of them. But CBA aren't the only lenders that will lend for it.

I asked my broker (I'm in NSW) why I keep hearing that banks don't lend for small studios and he said that it's just that most brokers don't know how to go about getting funding for them.

I would ask around at different brokers to see if they know how to get funding for studios. Or ask CBA directly? (I've never dealt directly with a bank…)

This doesn't mean of course that your chosen property is a good investment, just that it IS possible to get funding for places like you're describing. Oh, the other thing is that there were a couple of restrictions – I couldn't borrow more than 80% and the place had to have a "full" kitchen. Grey area, but basically it meant that it had to have an oven. Don't know why!

Good luck!

[janecavParticipant@janecavJoin Date: 2012Post Count: 9]

May 16, 2012 - 11:46 pm

Thanks Catalyst,

I've pretty much found what I was looking for. In case it helps anyone else out:

The website yourhome.gov.au has some very good (unbiased) tips re renovating (and building).
Also, the Fair Trading website (for your state) has great information on the different insurances that are required.

Thanks again.