Thanks in advance!

Can anyone recommend one in Melbourne? The house is in inner west.

The building report said everything is good interior but a zig zag crack on the external wall.

The offer is subject to building inspection within 4 days, we have to do tomorrow to meet the deadline.

Thanks very much!

Thanks for your time!

Thanks So so much for your super clear explanation!!

I feel much clearer now:)

May I ask why cant we refinancing our original loan to a larger amount?

Initially we have $400k loan on our PPOR with A bank, we now are going to refinance this loan to $600k with B bank, so we can use the $200k equity for deposit.

Do you think this is the right thing to do? Sorry we r new to…[Read more]

We got told that by doing this, even our PPOR and IP…[Read more]

What are the main facts that can influence bank to decide that more equity loan has to be used and less investment loan can be lent? Income?

It is CBA as I am only on casual position for three months.

I feel a bit the same, there may be other options, but as first time investor, it is really hard to tell.

May I ask why this is very poor planning?

We think have enough equity to buy our IP this time. In this case, should we value our ppor before we buy another IP?

Sorry if my question doesn’t make sense. We basically don’t know how and when to value our PPOR to access maximum…[Read more]

To planning permit,

Can you explain a bit more about the difference in subdivision between Brimbank and Wyndham councils?
Which council is easier to get planning permit?

Thanks!

We thought we have very limited income (only about $100k as a couple with two kids), but we got told by two brokers that we can even buy more than one investment properties, because 20% deposit will come from the equity, and with our current income we can release enough money to get deposits for two…[Read more]

We have Large equity and large offset, but very average job and young kids. we were told our income is not enough for investment.

Since I began to work more and we are got told we have enough money to borrow. However, I only just discovered that only the equity loan relates to the couple’s income because the bank…[Read more]

If I use P&I loan with offset account for my PPOR now, when later on I want to change PPOR to Investment property, can I redraw mortgage payment thus maximise tax-deductible income?

For example, after 5 years, if I have paid my PPOR mortgage from $300k to $200, can I…[Read more]

We want to buy a house with backyard.

We know both subsurbs are not desirable for young family, but we have very limited budget, $350k.Braybrook is too expensive for us.

The strategy is to buy and hold for a long time.

What about laverton?

Werribee has some nice areas and air quality seems better, but we heard the nightmare of traffic and oversupplied houses, we also heard big developments going on there, do you think the developments will significantly comprise the oversupplied houses and relief the traffic?

St…[Read more]

So do you think which figure is the right one according to my loan situation.

I am so confused

It is principle and interest loan.

So should I divide $750 by 2 that is the repayment?

we have a loan of $290,000 with $150,000 offset, the interest rate is 4.75%, the online calculator says the fortnight payment should be around $350, but we paid $750, I know the online calculator is not very accurate, but the difference is too much. Can anyone explain to…[Read more]

My partner and I are going to cover the mortgage if the rooms can’t be rent out. As it is interest only, it is not going to be too much for each month. We also have a IP property (no mortgage) at…[Read more]

May I just ask a bit further about your explanation:

When I have $200k offset against $200k loan from my PPOR, if I only need $100k as a deposit for my investment property, I shouldn’t just take the $100k out as a cash to pay deposit for IP, I should structure it as a loan borrowed against the offset account.

What about if my house is interest only as well, we r thinking of upgrading in 5-10 years, we got suggested to use interest only loan for both home property and investment property.

Thanks for our help!

Terry, with the problem 2 that you mentioned, how can I pollute the borrowed money and create a mixed purpose loan by the loan structure that I got suggested? And why can your loan structure avoid this happen?

I really appreciate you have read all the figures and provide me a solution, I am sorry that I…[Read more]

My partner and I just don’t understand why, the structure somehow is good for tax (we are both new to investment and don’t know much about tax deduction).

Thanks very much in advance for reading this and would be great that you could explain to me if you know the reason.

We are both 33…[Read more]

I am so new so I don’t even know if I am a passive investor. I just like to buy and hold it but I don’t like to sell it in the future, I don’t know if this is right thing to do although I just feel to do so. I do prefer to buy a house in a further suburb than a Unit closer to the city. But there are so many…[Read more]

I very much appreciate to get known these information that we didn’t consider.

I was narrow minded one who claimed I would never live in western suburb. But since we moved here three years ago, I absolutely love here. We were renting first, then we decided to buy a house here. Compared to the places that I have lived before (balaclava, abbotsford &…[Read more]

I am in Melbourne too, and much prefer house rather than apartment or unit. But the guy said the banks will not only look at my income (rental & employment), but also look at the ratio of annual rental income and the first investment purchase price.

So in the same area, if i spend less money to purchase…[Read more]

We’d love to buy a house but we have heard that it is better to buy an apartment or unit for the first time, because it will somehow influences our borrowing capacity with the second IP in the future.

Is this true? Sorry if this question is too…[Read more]

We are thinking of purchasing our first investment property, we have a house, I also have parents who come to Australia 6-8 months/year.

Our house doesn’t fit so many people, we are thinking of purchasing a house that have a big backyard as our first investment property, so we can…[Read more]

I will contact you this week.

I will also look into the structure, some lenders told us to release lots more equity than 20%, others only focused on investment loan and didn’t…[Read more]

Do you mind advising me further what the couple of variables are that influence our lending capacity.

Thanks for your time.

They are insanely busy and cannot keep up with demand
– I totally understand this is the case, but I called several times during the week after our initial consultation, I didn’t get any answer. The problem is that all the brokers had done basic…[Read more]