https://www.propertyinvesting.com/members/lh/activity/ Activity feed for LH. Sun, 12 Apr 2026 08:33:28 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e3305dc1ad36b125eca3454323809a03 https://www.propertyinvesting.com/topic/4401947-buyers-agents-hourly-rate/#post-4636639 Fri, 19 Nov 2010 06:03:51 +0000 I haven't met one that works on rate, although there are some that will do specific tasks for a set fee. Negotiations with agents and bidding on your behalf at auctions for example.

]]> 6bebddddb59da10eefc07e33f951e33a https://www.propertyinvesting.com/topic/4401805-are-mortgage-brokers-region-specific/#post-4635680 Mon, 08 Nov 2010 03:27:46 +0000 Hi Mike,Definitely you can use who you like. I have interstate clients but also clients who work overseas and cannot physically meet any Australian broker, and technology is sufficient to do all aspects of the loan and continual contact. There's no difference here with dealing with a broker interstate or intrastate.We tend to rely on technology…[Read more]

]]> 230db0a2fcf95f111661a565dfbd139e https://www.propertyinvesting.com/topic/4401799-advantages-of-a-mortgage-broker/#post-4635656 Mon, 08 Nov 2010 03:01:24 +0000 Richard has it all covered, and a good broker will also be there to answer any queries along the life of your loan and will proactively ensure that you are being looked after, whether it means restructuring when required or even changing banks for a more attractive package (and no, not always about what's cheapest!).The number of people I meet who…[Read more]

]]> 4950f1185bd1a4231ce9f08da6de9275 https://www.propertyinvesting.com/topic/4401582-mortgage-for-someone-with-no-to-low-income/#post-4634383 Thu, 21 Oct 2010 01:53:30 +0000 Completely agree, not only is NCCP a new hurdle, but it also falls under what is good conscience in assisting any client with their lending and ability to repay their loans.That's a very interesting story regarding the CBA Lo Doc loans and something I've heard similar to the USA in the last few years. I'll have to keep in mind for my developer…[Read more]

]]> b47cd11eeba0b6326d915e478affa410 https://www.propertyinvesting.com/topic/4401582-mortgage-for-someone-with-no-to-low-income/#post-4634381 Wed, 20 Oct 2010 23:22:50 +0000 Pure asset lending is available however even they are starting to change to see an available income source (under responsible lending compliance).Another, possibly safer option is to buy property for cash, and then use the rental as an income source and then that can help service further loans in the future (along with the rental you would recieve…[Read more]

]]> ffe04213bcb35f6739151e212e4545bc https://www.propertyinvesting.com/topic/4401565-inner-melbourne-unit-growth-figures/#post-4634278 Wed, 20 Oct 2010 22:47:23 +0000 Good luck with your search!

]]> c7b662f7d6d2dfd3829119617e3f333a https://www.propertyinvesting.com/topic/4401562-which-property-to-choose/#post-4634264 Wed, 20 Oct 2010 03:10:56 +0000 Hi Nina,Depends on the property type as mentioned by swampy but purely from a capital growth perspective, a unit in Sth Yarra (as long as you have some decent land content and it isn't high-rise, so less than 20 in the block) should perform better than a house in the far outer suburbs. Generally this is due to the land and demand in the inner…[Read more]

]]> 54977ee2e5b8919e62db3913cd9da6f0 https://www.propertyinvesting.com/topic/4401565-inner-melbourne-unit-growth-figures/#post-4634276 Wed, 20 Oct 2010 03:04:39 +0000 Hi Jack,API databank is a great guide, but always use this as an indication of the areas and don't use it as gospel. Some areas can be skewed based on new developments and particular dwellings.To use Carlton as an example, it is a fantastic area and provides some real growth opportunities (simply look at the housing growth for Carlton and you'll…[Read more]

]]> b2e27618a8e389ea18293aa5c3cb4a34 https://www.propertyinvesting.com/topic/4401526-will-the-banks-lend-me-money-while-im-an-apprentice/#post-4634169 Tue, 19 Oct 2010 05:08:24 +0000 Hey Doggity,Being an apprentice is fine for certain lenders (CBA especially), as long as you are full time and can afford the loan, so income is your main hurdle here. Having two incomes plus the rental really helps with your servicing. Some issues the lender might have is that assuming you only use the cash available, you would need to go to…[Read more]

]]> 2011ecba9a40000384b39c05f82d0602 https://www.propertyinvesting.com/topic/4401541-experienced-ip-finance-broker-in-melbourne/#post-4634218 Tue, 19 Oct 2010 04:42:16 +0000 Hi Movida,I'd of course love to throw my hat in the ring. We are based in Melbourne and would happily meet with you to discuss. You can find our details below or at our website.

]]> 2ff5682dbcd2efac1cc8a6ef97490d7a https://www.propertyinvesting.com/topic/4401522-first-time-home-owners-vs-ip-tax-deductions/#post-4634162 Tue, 19 Oct 2010 04:39:54 +0000 Hi Taffygirl,If you purchase the property as an IP and do the renovations immediately, then technically you can't claim deductions on the property unless it is tenanted or available for rent at the time. You'd also need to be careful over what would be classified as a repair and capital works if this were the case, as immediate deductions vs…[Read more]

]]> 2581aceee450b159a085f957b142dc8c https://www.propertyinvesting.com/topic/4401547-pre-auction-offer/#post-4634225 Tue, 19 Oct 2010 04:07:31 +0000 Hi Troy,You can always try the vendor directly but they will no doubt point you in the direction of the agent (and even if they accept the agent will do his/her best to get a better offer). Sometimes you can get lucky and understanding the vendor's motivation to sell will help guide you here.If you go through the agent the general procedure is to…[Read more]

]]> 54c67aafb408764fceb53a709758eca7 https://www.propertyinvesting.com/topic/4401490-help-with-house-and-land-package-offer/#post-4633980 Fri, 15 Oct 2010 02:55:47 +0000 Definitely worth asking for a better deal, they can only say no if you ask. One way to look at it is see what the price in a few of the surrounding areas and if you can show cheaper prices, it's worth pointing this out and they might bargain for your business.If you are also unsure and want a lower price, you can put a "subject to…[Read more]

]]> c9b6d59046e55d73755ea54ea3baffb7 https://www.propertyinvesting.com/topic/4401472-novice-depreciation-and-deduction-question/#post-4633871 Wed, 13 Oct 2010 01:51:49 +0000 Everything has a scrap value, so it might be worth having a QS do a schedule for scrapping as well.A good place to try in Melbourne is BMT, they will go over your property over the phone, ask a few questions and let you know if it is worthwhile. Following renno's, they will then be able to do the full depreciation schedule.Best of luck.

]]> 1a7e258cdc5b18413ce39923cc4f0152 https://www.propertyinvesting.com/topic/help-have-an-investment-property-now-want-to-buy-a-family-home/#post-4632776 Thu, 30 Sep 2010 00:57:55 +0000 Hi Jaster,Your current LVR against the IP is 87%, so going to 90% would allow you to release only $9,000 for the next property (plus LMI costs). If you can get a higher valuation then this will allow further equity. Perhaps going for a high val on the refi and seeing how close the valuers go to it might be the first step.The advantage is that you…[Read more]

]]> fefc58284104834a38ccaadaf978c21a https://www.propertyinvesting.com/topic/4401315-sell-or-keep-ip/#post-4632611 Mon, 27 Sep 2010 06:14:18 +0000 Hi Stocko,My first thought is to always consider what you can afford and whether the extra interest payments you will make are worth it considering the capital growth your IP can make (I'm an advocate of never selling property as long as you can maintain the debt and they appreciate!) over the next 5 years…

]]> 21732a8b6ae360b3e58388ee5f933d17 https://www.propertyinvesting.com/topic/4401310-two-separate-locs-vs-one-loc-to-pay-deposit-and-acquisition-costs/#post-4632561 Mon, 27 Sep 2010 06:07:22 +0000 Hi Yuri,Good to see you're using the equity in your home to further your own wealth and best of luck with the journey.You can set up two accounts but there's really no need. In some cases (say with St George) you can set up a single line of credit (Portfolio account) and have several sub-accounts under it. Best to have these set as I/O (and…[Read more]

]]> 50d38c8518974b7fcd60b4be6a9d5f58 https://www.propertyinvesting.com/topic/4401316-2nd-investment-property-should-it-be-interest-only-loan/#post-4632616 Mon, 27 Sep 2010 06:04:13 +0000 Definitely investigate taking some equity out of your PPOR for your next IP as the funds to complete (deposit and costs) as this has tax deductibility. Ensure that you take it out as a separate loan/split, not an increase against your existing loan.As Terry has mentioned, all investment loans are best suited to I/O, whereas you might prefer to…[Read more]

]]> a6724f9ea8dcb0e2b69222ec21a2df16 https://www.propertyinvesting.com/topic/4401309-another-newbie-to-ip/#post-4632556 Mon, 27 Sep 2010 03:43:20 +0000 Hi vj4mj2,Your aims are definitely not overly ambitious and congratulations for making the first step!As it seems you are looking for capital growth, South Frankston might be a bit of a stretch for great capital growth in the next 5 years. The area has been "the next big thing" for far too long for my liking and also sits in part of the mortgage…[Read more]

]]> 0b5618b972aa44ed1548e093a78883b7 https://www.propertyinvesting.com/topic/4401235-pulse-property/#post-4632071 Mon, 20 Sep 2010 00:22:22 +0000 Analysis AND Selling – sounds like a conflict of interest…

]]> 737d72541f9ed526e1cd54d41fe8914f https://www.propertyinvesting.com/topic/4401224-advice-in-finance-structure-please/#post-4632007 Fri, 17 Sep 2010 03:00:58 +0000 Hey Jack,There was a nice little piece in the recent API magazine about investing after 40 that you might also find useful for other areas as well.$600K can also get you some pretty prime property in a 2-10km range of the Melbourne CBD which have been earmarked as the next "boom" areas (although you'd struggle for a house!) and you wouldn't be…[Read more]

]]> d776a33b6597bbb6138aa65eb164dfab https://www.propertyinvesting.com/topic/4398970-property-analysis-software-4/#post-4618281 Fri, 17 Sep 2010 02:33:30 +0000 We have a property analysis software that you might find useful. We use it as a part of our eSearch workshop in Melbourne. You can find details about this at our website: http://www.empowerwealth.com.au/esearch

]]> 980521630016ee85b1ceec81429fc961 https://www.propertyinvesting.com/topic/4401220-cancel-purchased-apartment/#post-4631994 Thu, 16 Sep 2010 07:21:52 +0000 …would definitely go to your conveyancer first and if you don't have one yet, would seek some qualified legal advice.

]]> 2adb24a2f370823cd87b595d25c60191 https://www.propertyinvesting.com/topic/4401223-investment-software-review/#post-4631999 Thu, 16 Sep 2010 07:20:28 +0000 Hi Laurent,I haven't used POSH so unfortunately can't make a comparison however the PIA software is very malleable with regard to inputs and alterations and I find it a great resource. Hopefully others will give an opinion on POSH.

]]> 40e9453e323b114b690fb37a76adc92d https://www.propertyinvesting.com/topic/4401221-what-to-do-before-turning-my-investment-property-into-my-ppor-ie-i-want-to-move-in/#post-4631996 Thu, 16 Sep 2010 05:26:09 +0000 If you have a loan, you can always try to have the valuation done by the bank, and perhaps they might do it for free (depending on the bank and the package you are in)…

]]> c6b66e20a85011e447feea4c366a0005 https://www.propertyinvesting.com/topic/4401220-cancel-purchased-apartment/#post-4631992 Thu, 16 Sep 2010 05:24:44 +0000 Do you mean you decided to cancel (you said decided not to cancel)?All depends on whether the contract should be "subject to purchaser finance" – "vendor's finance" sounds strange…Regarding the last point, yes the seller can make such demands. This is to stop purchasers simply deciding they don't want to buy. You might have to prove that finance…[Read more]

]]> b9c05a985e6615a8e7dffc52b5229a38 https://www.propertyinvesting.com/topic/4401164-how-to-buy-2nd-investment-property-without-cross-colateralising/#post-4631729 Mon, 13 Sep 2010 23:15:03 +0000 Hey Flare,You can still get I/O and not moving it from CBA. Remember the costs to move loans is the discharge fee and possibly deferred establishment fees (if you've held the loan for less than 4 years) which can be expensive. Look into this before making the decision to move the loan as these are fees some don't consider until after they…[Read more]

]]> eff7346846b281ae6d826ae4cd8b05a0 https://www.propertyinvesting.com/topic/4401153-recommendations-for-taxation-lawyer-in-melbourne/#post-4631622 Sun, 12 Sep 2010 23:18:40 +0000 Hi nightelves,If you PM me I am happy to give you direct names of people we recommend in Melbourne.

]]> e2eeb21208a63400e4f80369bdc0dfed https://www.propertyinvesting.com/topic/4401164-how-to-buy-2nd-investment-property-without-cross-colateralising/#post-4631725 Sun, 12 Sep 2010 21:40:05 +0000 You can also use a second split as a term loan (standard variable) with an offset account against it and use this as a deposit (although this option doesn't allow interest capitalisation with some banks).The bank you are with will provide the valuation on your existing IP.The second loan is set as Catalyst has mentioned. You can go with your…[Read more]

]]> a69a879420e8576c17c5e0a847a9c55d https://www.propertyinvesting.com/topic/4401137-refiniancing/#post-4631515 Fri, 10 Sep 2010 04:53:16 +0000 Agreed, there are big banks who are prepared to price a loan and you have better interest rate stability. If it's a lower tier lender that you haven't heard of before, just make sure you do your research to see where their funding comes from and their history. There are too many stories of people who are seduced by a loss leading promotion to get…[Read more]

]]> a69a879420e8576c17c5e0a847a9c55d https://www.propertyinvesting.com/topic/4401137-refiniancing/#post-4631510 Fri, 10 Sep 2010 04:53:16 +0000 Agreed, there are big banks who are prepared to price a loan and you have better interest rate stability. If it's a lower tier lender that you haven't heard of before, just make sure you do your research to see where their funding comes from and their history. There are too many stories of people who are seduced by a loss leading promotion to get…[Read more]

]]> a5066183dddebc23140a46418cd75d12 https://www.propertyinvesting.com/topic/4401145-old-style-wind-out-windows/#post-4631569 Thu, 09 Sep 2010 23:57:59 +0000 If you're in Melbourne then Select Salvage in Kensington is a good place to start. Not the cheapest but they have a good range and their stuff is mainly finished. There's also a place in Campbellfield called A&R Secondhand that is cheap and mostly straight out demolitions and unfinished.

]]> b20b13e42949fea53f65e38a898e1bb3 https://www.propertyinvesting.com/topic/4401147-finding-the-owner-of-a-property-bypassing-the-agent/#post-4631581 Thu, 09 Sep 2010 23:51:21 +0000 And get in contact with a good lawyer/conveyancer to cover your own interests.

]]> 50d0d3b1f934cd93f0c2cf6c8c0f446d https://www.propertyinvesting.com/topic/4401144-how-to-use-equity-from-my-house-to-by-first-investment-property/#post-4631549 Thu, 09 Sep 2010 09:21:40 +0000 To follow on from Terry, if you were to go to a larger LVR amount (say 90%), you would release $79,500 (and pay in the vicinity of $5,000 in LMI). At 80% you'd release $42K.However if the valuation comes in higher then you might be able to release enough equity at 80% LVR and pay no LMI.Assuming you managed to release $79.5K in equity, you could…[Read more]

]]> ee5c389c843c58cda7a4749ff61e8b16 https://www.propertyinvesting.com/topic/4401129-does-anyone-know-which-lenders-allow-you-to-capatlise-their-lmi-to-the-mortgage/#post-4631444 Thu, 09 Sep 2010 04:47:36 +0000 Hopefully they keep this new LVR policy too!

]]> bbf3fb68e67b24b03d55ac641ccca650 https://www.propertyinvesting.com/topic/4401139-yield-confusion/#post-4631521 Thu, 09 Sep 2010 04:46:34 +0000 Hi Intrigue,You're not too far wrong, most established areas in the inner city would get to perhaps a 4%+ yield, however as the value of the property increases, that yield will get you a higher return and eventually the property will be positively geared (what is sometimes referred to as a yield curve).My thought is for the first IP go for…[Read more]

]]> 6b72ae2557ba949c7ec2a751595be3e4 https://www.propertyinvesting.com/topic/4401129-does-anyone-know-which-lenders-allow-you-to-capatlise-their-lmi-to-the-mortgage/#post-4631442 Wed, 08 Sep 2010 09:32:09 +0000 ANZ just changed policy and will allow a 2% cap LMI at 95% LVR (existing credit customers only for 95%), although you have to cap all of the LMI, so it's more like 93% + cap LMI.

]]> a1a00610cae3136db4234cc60b26ec7a https://www.propertyinvesting.com/topic/4401129-does-anyone-know-which-lenders-allow-you-to-capatlise-their-lmi-to-the-mortgage/#post-4631440 Wed, 08 Sep 2010 08:40:59 +0000 Hi Stevo,I've found Suncorp to be the least resistant. They will allow 95% plus full capitalisation of LMI (so effectively a 99% LVR).Of the 4 majors Homeside (NAB) don't cap LMI…The majors also have restrictions to the LVR they will allow you to go to (must be existing customer etc) whereas Suncorp don't.

]]> 578ed6f05a60b11f6a4da9a161f97b91 https://www.propertyinvesting.com/topic/4401127-finance-for-small-unit/#post-4631424 Wed, 08 Sep 2010 05:35:10 +0000 Hi Kopano,The unit size is a real killer and banks have come right back in terms of what they will offer on these apartment sizes. Does it have a separate bedroom?I know depending on the valuation and strength of the overall deal then I'd be putting the deal up with St George but even then  they'd reduce the LVR…Sorry I can't be of more…[Read more]

]]> ceb50caee2e32d7fc062c53991bc1a94 https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631273 Wed, 08 Sep 2010 00:06:29 +0000 To echo Banker's statement, I haven't had a single low val for a client who has purchased in the last 12 months (perhaps this might be becuase they've all been in the Melbourne market). The only low vals I've seen have been for refinances or top-ups where some of my client's expectation may be a little too high…

]]> df42dc9efa7c8e353a31f67a4a5ffa0f https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631262 Mon, 06 Sep 2010 05:03:50 +0000 keiko wrote:
Bloody valuers, I would Keep it with the same agent, she sounds like she will work hard for you to get this sold, the agent may be able to make the change to the other properties that she sold by logging onto RPData and making the changes, that is as long as they have sold and are not still under contract, (I think this is possible…[Read more]

]]> 2aa1af44469fc6858ab4957148effdb1 https://www.propertyinvesting.com/topic/4401105-just-lost-our-buyer/#post-4631259 Mon, 06 Sep 2010 00:37:39 +0000 Hi Scotty,Low vals are a massive pain and sometimes unfair considering what the market is doing.I asked this question of a valuer in Melbourne as we had this happen with a client recently, and they said that as valuers are liable for incorrect valuations, they won't stick their neck out and give a valuation when they don't have the results on…[Read more]

]]> 174811c6baa6e866889eed2426865a66 https://www.propertyinvesting.com/topic/ppor-to-ip-2/#post-4631222 Fri, 03 Sep 2010 04:08:40 +0000 Hi Matt,You can redraw the funds (or refinance to release equity) to help towards the purchase of a new PPOR and turn your existing home into an IP, but as the purpose of the funds is to purchase a new PPOR, they are not tax deductible. All existing debt you currently have against your PPOR will be tax deductible once it is an IP.A suggestion…[Read more]

]]> f5a80d7cc9fee45406342c5c51bd2822 https://www.propertyinvesting.com/topic/4400625-financing-off-the-plan-purchase/#post-4628403 Fri, 03 Sep 2010 00:18:56 +0000 Good to hear these stories as it gives more people the courage to ask for what they want!

]]> 3d7c419804dc0eb8102a5b7602d96e9e https://www.propertyinvesting.com/topic/4401093-how-stringent-is-sutherland-shire-council/#post-4631217 Fri, 03 Sep 2010 00:14:51 +0000 I had a family member who worked for the "Shire" council and they cracked down a few years back due to a lot of developers not following guidelines in Cronulla and local backlash, so might be worth considering a permit to save yourself the grief later! I saw a story recently of Gordon Tallis being fines for illegal removal of trees (although this…[Read more]

]]> c81c28ccdda8bd4f6e1d38431ea92274 https://www.propertyinvesting.com/topic/4401086-to-buy-in-carnegie-victoria/#post-4631117 Thu, 02 Sep 2010 04:43:17 +0000 I love Carnegie and think it's an absolute gem of an area and if you can find a property within your budget is definitely worth going for. We've found a HEAP of competition for places in that area though so finding a bargain is very hard although we're seeing a slowdown of some sorts with auctions seeing some properties passed in (although this…[Read more]

]]> 1b30daf6243a487769a03626486c0f8c https://www.propertyinvesting.com/topic/4401072-loan-w-100-offset-account/#post-4631073 Wed, 01 Sep 2010 23:51:59 +0000 The discount should be for the life of the loan.ANZ's Breakfree rate is 6.71% (0.7% disc) with no app fee and $375 annual fee.Remember that Homeside is only the cheapest right now because they didn't go above the 0.25% RBA rise that the other majors did in December 2009, and we'd expect them to come back to rate parity eventually…

]]> c93f1dfd970ba9f0de0ac519d0e1a02b https://www.propertyinvesting.com/topic/4401080-any-advice-5/#post-4631101 Wed, 01 Sep 2010 23:44:40 +0000 When you say you have little super then perhaps proeprty could be a retuirement vehicle for you and you might want to consider buyng and holding rather than flicking for short term gains. Longer term capital appreciation might be a better option for you for wealth building. If you chose that route then my feeling is you'd get a stronger capital…[Read more]

]]> 1684383f3bf7a56a4eb2982e31f564c1 https://www.propertyinvesting.com/topic/4401065-what-would-you-do-30/#post-4631009 Wed, 01 Sep 2010 05:27:42 +0000 In Melbourne I'd say 2-10km (I say 2km as I don't go into high density in the CBD) – and I do have a bias here as that's where I;m based…Sydney a little further at 2-15km and CBD if water-side (high density is better if you have views). Apartments are generally ok as long as your views can't be built around or impeded. There is also a little…[Read more]

]]> 462f2a5bab2936170b9183548ef77c11 https://www.propertyinvesting.com/topic/4401067-accountant-18/#post-4631019 Wed, 01 Sep 2010 05:00:22 +0000 There are some quantity surveyors who will have a quick phone chat with you and determine if it is worth doing a depreciation report (as you'd be surpirsed just what you can claim!). They should do this call for free. It would be worth investigating as they are the experts and even accountants can miss items.I'd suggest BMT quantity surveyors if…[Read more]

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