Badger,

I never did see your TT post and I cannot comment on it.

Why don’t you give Steve a call and discuss your issues with him? There ia a contact number on the homepage.

Or you can keep moaning here about it and hope something changes.

Your call.

And please do me a favour and email me a link to any vitriolic posts regardless of the…[Read more]

There is just one clock but different areas are at different times. It is obvious that the Perth and Sydney markets are different and I expect there are micro markets as Dazzling described.

I doubt the clock was ever designed to be slavishly applied and noone can argue there is clear relationship between money flowing into Property and into…[Read more]

I concur. Must be against your home.

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 consult a professional adviser.

AUSPROP I know that the Australian market has reached record highs recently but are you suggesting that a new high is the end of the boom? You think we are looking at the end of the rally? Why is that?

I am yet to see the media attention on the sharemarket that we saw in the last booms. I also don’t feel that the average person is into the…[Read more]

I have heard that the bulk buying ability of major builders sees tiles the cheapest.

Is this the same with smaller builders?

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]

I was wondering about thermal qualities of colourbond? But with the foil underlay and insulation it is prob similar?

As a kid we had a tin roof – we all loved the noise from the rain – even my daughter today has commented on it.

Cheers,

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

Glen,

I have been putting some thought into the economic clock myself for my own investing.

I feel that we are at about 6-7 O’Clock mark at the moment. I doubt we will see falling interest rates as they are still near an all time low but I do expect to see further strengthening in the stockmarket.

I think the real estate slump is close to…[Read more]

He is suggesting that he will get them finance as their broker. So if they wish to buy, he then tries to find them a loan.

I guess it is something you can add to your advertising but nothing really unusual or special in what he is offering. Any lender or broker can do that for you.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Jason,

I really don’t know them well enough to speculate. I think if one was to choose this path (and I am in no way recommending it) then they could very quickly work out what they could afford to hold. I imagine growth properties might be the goal so one would expect to negative gear.

There are a number of new properties available now in the…[Read more]

Derivex was a very contentious subject here at one point leading to all sorts of problems.

There is nothing happening re Deriovex as noted on their website. It also seems likely that it will not be launched in the forseeable future.

As to why – this is between the staff there and ASIC. I doubt anyone else knows the truth. Everything we get…[Read more]

Vinny,

There is no exact template to give you.

A lot will depend on your goals and your situation.

Some general things to consider are:

Ownership structure

Interest Only vs PI

Use of Offset rather than redraw

Etc etc

You should probably sit down with an accountant and a broker for some ideas.

All the best

Simon Macks
Residential and…[Read more]

http://www.abc.net.au/news/newsitems/200509/s1470172.htm

I didn’t see the program and I wonder what there concern is?

Anyone know?

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…[Read more]

Try a lender that uses a different mortgage insurer? Likely to get a similar result but worth the attempt if you really want this one?

We can check the postcode before any application. Just need postcode and the mortgage insurer you used.

Cheers,

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

Just thinking Foundation….the ANZ have just published that the current slump appears to be one of the milder on record and may end sooner rather than later.

Property has historically doubled every ten years.

You think this time will be different? I recall from my share days that the saying “This time it is different” was usually fatal

I am…[Read more]

Wow Foundation – I always thought you were more courteous of other people’s ideas than that.

Sorry that I upset you by posing something counter to that which you expouse..

But everyone else please understand that I am advocating no particular strategy. Just providing food for thought so that people consider all possibles avenues.

Have a super…[Read more]

Absolutely you can pasandbec. You can do whatever you like. But lets consider some numbers.

What will IP’s cost in 10 years time? Historically they should double. Booms seem to be every 10.4 years and 100% growth is conservative.

So if a hypothetical person was to pay IO on their PPOR worth $300K and buy two other places worth $300K they…[Read more]

Why would you want to pay it off so fast?

That sounds like my grandparents thinking – they only ended up with the one property.

Why not pay it off over the longer term and buy more property as you go?

When you are reaching retirement you can sell one investment property that will prob pay out all your debts. Then you will have a great income…[Read more]

Derek,

You are a good guy.

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.

Spot on mate.

The ATO see it as personal borrowings when the use is for personal reason such as buying a home, a car, a holiday, big screen TV etc

If you draw it for investment purposes then you are able to claim the interest.

Using the offset gives you the flexibility.

Cheers,

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

Cyclist,

Thanks for the link.

Have you bought this expensive eBook? If so can you tell us all what you thought of it and why you recommend it?

Thanks

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]