If you buy an investment property and never live in it yourselves then you will all still keep your FHOG entitlements.

Check it out yourself.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Another parochial Western Australian [blush2] I remember that you are either a West Aussie or from Over East. Tip of Cape York or Southern Tassie matters not. You are from Over East and not to be trusted [blink]

Still talking secession? I was told once that during Federation there was some loophole where the Perth Colony was invited to join…[Read more]

Originally posted by clairem:
I haven’t managed to find any CF+ properties yet around Perth. Maybe I’m not working hard enough at it. But how long can prices keep going up? Are any of you finding opportunities around Perth or is now the time to wait for the bubble to burst? And what other areas are there – the stock market is pretty high as…[Read more]

Yes use a Tas conveyancer. They know the local laws and systems.

The only real issue will be the added time for docs to be signed ets But factor this in and no problems.

Why buy in Tasmania? The outlook for growth is not promising and the populations isn’t growing.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @…[Read more]

What is your area?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.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.

V8 hit the nail on the head.

Pay the principal off your PPOR ONLY if you intend staying there for a long long time – if you feel that you will eventually outgrow the home and turn it into an IP then use IO with an offset account to get the best of both worlds.

Do some searches as much has been written on this topic in this forum.

Cheers,

Simon…[Read more]

Your solicitor will be able to help you draft a JV agreement that covers what actions you will take in the event of a disagreement or one party needing out.

if he has a lot of knowledge, money and experience then what does he want from you? What is your risk tolerance?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to…[Read more]

Unless you both can approach it in a purely businesslike and unemotional manner then invariably it is a bad idea.

Doing something with a friend may cost you the friendship. The unexpected will occur and he will want his money back when the market is low.

Almost always better for you to borrow the money and go alone.

but there are exceptions -…[Read more]

How much do you want for the Jeep?

Any pics?

Will it tow a 1 tonne boat?

Simon

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Sue,

These are not real estate investments. All you are buying is a depreciating asset that is able to be leased.

You should treat this as a business and finance it accordingly. Don’t expect the same LVRs and rates as residential home loans. If you have a business plan you may get funding but otherwise it will be similar lending to a car…[Read more]

http://www.strategicwealthmanagement.com.au

Ask for Nick and say Simon sent you.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Why don’t you call the council, and without identifying yourself or your property, ask some generic questions?

Maybe mention that you are thinking of moving to the area or such?

All the best

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

For a start I do not know your market well.

But it is a generally accepted rule that a 3-4 bedroom middle class home in the inner ring of suburbs usually performs well.

Why don’t you contact Michael Yardney’s team? They are experts in selecting Melbourne IPs for clients and can probably even help sort out…[Read more]

Originally posted by KDT:
I think the bubble has burst. Time to change tactics. Cash up/sell down and not be highly leveraged. money can be made in any market I think that some of the profits might not be as high as previous. Loose the greed gland and invest with no emotion. If the numbers work carry on, if they dont walk away. I’m currently…[Read more]

Originally posted by Zorge:
This forum is looks like a Brokers Forum

You did ask a loan question – surely having a number of brokers respond impartially is ideal?

My only concern is that these securitised lenders are heavily reliant on LMI and as such you will hit the wall sooner – even if your loans are under 80%.

That is a frank opinion and…[Read more]

What happens if the Perth boom stops while you are holding it and you can only get offers for $700K?

Don’t get caught holding the baby at the end of the boom!

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances.…[Read more]

There is no time frame as far as lenders go – in fact they will want to lend you more money as soon as they can.

The idea of building up a repayment pattern was from the old bank manager days

today you either have an ok history or a bad one. You cannot really get better than OK.

The best time to buy is when you can do so and when the…[Read more]

Originally posted by Kiwi-Fulla:
This is a new area [fez]

I just had another call fro mteh is vendor and they have just dropped another 10K for a quick sale ….
Who is in?

Why Rent? Rent 2 own!
http://www.rent2ownaus.com

A new area?

Wallsend is an original suburb?

What new area is it?

Simon Macks
Residential and Commercial Finance Broker
***NODOC…[Read more]

If you are a defacto or married couple then you are only entitled to the FHOG once.

To apply twice would be fraud.

If you are neither married nor defacto then I suggest you speak to a good broker or a solicitor about how you can structure the purchase so that the second buyer keeps eligibility.

Cheers,

Simon Macks
Residential and Commercial…[Read more]

No waterview from Wallsend.

It is a working class suburb to the west of the city and very close to the university.

I would suggest that this property is well above the median price for the area but then it is new and Newcastle people do like new things.

Rental demand is very high in Newcastle and esp by the uni. currently 1% vacancy rate here…[Read more]