Have you had any luck as yet?

I can recommend some Melb folks if you still need them – just email me please.

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,…[Read more]

Mortgage broking is not as lucrative as during the boom time. Even if you start writing business the minute you hit the ground you will not start receiving income until a month after those loans settle. This might be 8-10 weeks.

I suggest that you don’t quit your current job but arrange to see clients after hours until you have replaced your…[Read more]

A property is not under contract until both parties have agreed on and signed a contract.

Would you have taken a higher offer if you were the vendor?

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…[Read more]

Steven has given you the relevant link.

Be sure you have never lived in this IP nor had a partner who is ineligible as well.

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…[Read more]

When did you buy the IP?

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.

I suggest you consider buying an IP with a 20% deposit only. Put your remaining funds into offset account and save in there.

This will allow you to use these funds on your return for a home etc without giving you tax problems.

If this doesn’t make sense please drop me an email. It can be a little more tricky when the borrower is…[Read more]

Originally posted by Aphex:
I have already used the first home owners grant but my partner has not. However, she has bought an interstate investment property with me. Does that mean that if she purchased a house to live in under her name that she would still be eligable for the first home owners grant? For the past 2 years I have been informed…[Read more]

I seem to be having trouble making this clear.

If you have owned property prior to Jul 2000 you cannot get the FHOG.

I you buy an IP post jul 2000 you do not lose the FHOG. Unless you move into it. Although if you move in for 6 months starting in the first 12 months you can claim the FHOG for it.

To claim the FHOG you need to occupy a home…[Read more]

That is quite unusual these days – I don’t know any brokers charging like that.

Some do charge a $200 fee that is refunded on settlement to make up for all the work wasted when clients don’t go ahead but most, like myself and others here, charge nothing.

I suggest that you don’t use that broker again unless you feel their service warranted the…[Read more]

There is a huge difference between someone wanting to look at your property and them buying it.

I would suggest you decide whether an immediate sale is better than waiting for another buyer. Your call – but I wouldn’t rely on the PM’s relatives buying after taking a look. I know I have looked at far more houses than bought by a ration of prob…[Read more]

Alee,

You need to read the legislation in full. Read this thread from the beginning and you will see that you can own IPs post Jul 2000 and not forfiet the FHOG.

You can see the legislation if you follow the links to your state from my website.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

Based on that you might suggest property will be less attractive to the masses and hence time for the professionals to move back in before the next strong market growth period?

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…[Read more]

You look like a movie star compared to me!

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.

That is a shocking story Vinnie. There are many brokers who jumped into this industry during the boom who don’t really understand it well. I hope the quieter times will see then move on to the next money making idea.

Thank you for the kind words Stuart.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

So where do you think we are at on the East coast today Michael?

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…[Read more]

From talking to my British friends I think squatting happens over there quite often with the associated “squatter’s rights”. It is quite a danger in the UK and I personally know landlords who have had troublesome squatters to remove and other’s who wont own IPs as it is a very real danger there.

I am not aware that we have those rights here. I…[Read more]

Do you think this might be the “Lag” effect? Where the smaller cities reflect what has happened in the larger ones but with a varying length of delay?

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.…[Read more]

I have never owned commercial property so the following is an opinion based on what I have read and heard only.

I think one of the major points with commercial property is that they can be less easy to rent out than your standard residential home. Poorly located property can sometimes suffer extended vacancy rates. Valuations are based in some…[Read more]

What sort of investing strategy do you believe in Badger? What markets do you follow?

I have no doubt you have a lot to offer everyone here. You are clearly intelligent.

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…[Read more]

That is funny.

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.