Diclem,

Email me and I will email you a sample.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Thats an attractive rate you have there. Tell us some more about why you prefer an LOC?

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Check out bmtassoc.com.au Quantity Surveyors.

I believe they refund the fee if the report they produce does not get you double their fee in refund.

You get to keep it either way.

How can you lose?

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making…[Read more]

Every now and then this is rasied in the media as a topic for discussion.

I am not aware of any concrete plans to abolish or change negative gearing.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

I would have but then loans are my life [^]

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Well the problem is that all the lenders have their own serviceability calculators. Big job to include them all and keep it updated.

Brokers have their own software that is updated with all the different lenders requirements on it so they can enter the one set of figures then get a print of all the different lenders and what they will…[Read more]

If it is anywhere around Newcastle give me a call and I will put you in touch with some folks who are doing it.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

I have been through all of this.

One property had the guts of a built in BBQ taken even though contract said it was to stay. My solicitor advised me against any legal action as it was well used and only worth a few hundred dollars new.

Another property had a failed HWS in it (working at building inspection time). Although I eventually did get…[Read more]

Call and discuss your requirements with an insurance broker.

He will shop it around and advise you what is available.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

Be aware that most banks are not keen on owner builders. It can be done but does give extra problems.

They are not keen on kit homes either.

The way around these issues is to have the kit erected on a fixed price contract by a builder.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant…[Read more]

Well done Stuart [][][]

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

If you borrow money against any property with the purpose of paying down your PPOR then that loan will not be deductible.

One idea might be to make all of your deductible loans IO and direct app Principle payments into the PPOR.

Another idea might be too realise the profit on a IP and then pay down the PPOR. You can do this by selling the…[Read more]

Some brokers have no genuine saving products in their line up. I do.

But they usually require everything else to be squeaky clean – I could only give you a yes or no after we submitted an application on this one.

I am sure it isn’t the end of the world. Steven should be able to help you.

Cheers,

Simon Macks
Mortgage…[Read more]

Makes a lot of sense to put everything down on paper logically. One more way to remove the emotion from the deal.

You have all the right headings I think.

I agree with SIS about his points re cashflow and also the units.

I think to take a hit on the cashflow or to buy a unit with the higher outgoings and less land content than a home you need…[Read more]

Are you positive you can only borrow that much?

Have you been told that by a bank or by a broker?

Reason I ask is that some banks serviceability models are very strict allowing people to have limited borrowings. Others are much more generous.
The difference between two banks (extreme ends of the scale) can be enormous – nearly double! A broker…[Read more]

Sorry Kay,

I better check whether my colleague is buying it before I pass on too much identifying detail [?]

Apparently it is on the market for $350K and pulling in $650 pw.

Thats all I know – and that it is 12 month old.

I don’t even know if it is a house or whether a purpose designed building. This will have an impact on the type of…[Read more]

Cecilia,

Top left of the screen in the brown menu under Private Messages.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Just got a call today from a colleague letting me know of one going in SEQLD. Numbers were better than my Newcastle one and it was only 12 mths old.

They are there if you look! [^]

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment,…[Read more]

I am doing it atm.

Give me a call and we can chat about my experience.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Matt,

Just remember the property is not going to drop in price to be worthless.

Regardless of any bust you will only realise a loss if you sell it. Remember that as certain as the market goes down it goes up too. Time in the market is the key here.

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be…[Read more]