Total Members: 158,551

Ozman

  • Ozman replied to the topic Advice needed (first time poster) in the forum Help Needed! 10 years, 7 months ago

    Hi Cojocojo
    I agree 100% with xdrew, do your own research and get to understand your area and potential market. While you are doing that, if possible, put the $60 000 in a loan offset account that will offset your interest on your loan and not add to your taxable income. Remember there is no rush and we are in unusual times in relation to interest…[Read more]

  • Ozman replied to the topic Brokers / Finance Providers Best Rate in the forum Finance 10 years, 7 months ago

    Qlds007 wrote:
    Agree what a stupid question and one any decent broker would answer.

    Cheers

    Yours in Finance

    Looks like you may have had a bit of a freudian slip there — look forward to any decent broker providing an answer.
    Many years ago I was told by a very good professional "I would rather answer a thousand seemingly stupid questions,…[Read more]

  • Ozman replied to the topic Brokers / Finance Providers Best Rate in the forum Finance 10 years, 7 months ago

    Thanks for the reply Joe,
    Jamie certainly looks like he has good client satisfaction on the forum. If he meets all your needs and if emails on a Sunday morning is the extra bit it takes for you, that's a bonus! Then again as you say, you only get what you pay for!
    With money so cheap at the moment that interest rate of loans is the least of their…[Read more]

  • Ozman replied to the topic Brokers / Finance Providers Best Rate in the forum Finance 10 years, 7 months ago

    No not shopping at all, have an executive style 5 /3/ 4 settling this week close to Bris CBD.  I have done a lot of phone and email work but only seen photos and commissioned reports on it as I am currently in NQ. Purchased on prearranged finance / line of credit.

    There have been a number of claims made that brokers will always get a better rate…[Read more]

  • It's not like the old days when everyone's standard variable rate was the same. A bigger discount doesn't necessarily mean a lower rate any more. It also depends on what else is being offered in the market at the time, as none of them like being beaten for good business. I know this answer seems evasive, but truly the only real answer is that it…[Read more]

  • Alister I agree that on the face of the information supplied they are not in a very strong bargaining position. They are certainly not in the Premier banking customer category and
    the deal they can cut will depend who they bank with in this case. In the present financial climate first time buyers need to be looking at their figures very closely…[Read more]

  • True, but if in doing their planning and figures and comparing their current bank rates to those advertised elsewhere they will be more informed, know where they stand and be better prepared to consider their options.

  • Your best option is going direct to lenders and try to negotiate a lower borrowing rate based you are not using a broker. you will need to have your planning and figures in order and laid out and being a long term client with good history will help your case

  • Ozman replied to the topic QLD Property Management/Letting Fees in the forum Hi Bec 10 years, 8 months ago

    Hi Bec
    Which state are you in?
    If you are capable of learning the requirements of tenancy rules, you are in a prime position (200 m away) to manage it yourself. Get your local contractors lined up ( the same ones you would use for your home) and Develop a cordial but management relationship with your tenants and promote them letting you know of…[Read more]

  • Ozman replied to the topic QLD Property Management/Letting Fees in the forum Help Needed! 10 years, 8 months ago

    Hi Bec
    Which state are you in?
    If you are capable of learning the requirements of tenancy rules, you are in a prime position (200 m away) to manage it yourself. Get your local contractors lined up ( the same ones you would use for your home) and Develop a cordial but management relationship with your tenants and promote them letting you know of…[Read more]

  • Ozman replied to the topic Cash for a second home. Where would you go? in the forum General Property 10 years, 8 months ago

    Parliament house :-)

    Jamie why would you even consider, it is full of people who are mostly hopeless with a 3 year tenancy agreement, that have never done any business in their own name. (no matter what their political leanings)

  • Ozman replied to the topic Cash for a second home. Where would you go? in the forum General Property 10 years, 8 months ago

    A 20 m Power and sail cat converted to a home. Cruise the coast and stop and stay as long as you desire. carry a jetski couple of Tinnies bikes and Quad bike. Rent the PPR hire a manager to look after all day to day

  • Ozman replied to the topic Insurance Builders, Johns Lyng? in the forum General Property 10 years, 8 months ago

    I would not be too worried about the electrics, they will be done by a electrical contractor to Aus standards and should be signed off . I would assume you or the insurer will inspect and sign off on the job completion so you will have recourse to the insurer who will take it to the contractor.

  • Ozman replied to the topic Concrete patch and paint or resurface? in the forum Value Adding 10 years, 8 months ago

    If you are only looking at 2 inches might be better to pave over it with nice paving patern also better where services are under.

  • Ozman replied to the topic Concrete slab vs stumps in the forum Help Needed! 10 years, 8 months ago

    Depends on type of floor you are considering on the stumps but generally slab will be cheaper.

  • Ozman replied to the topic Buying PPOR and Negotiating in the forum Help Needed! 10 years, 8 months ago

    Research prices paid (not advertised) for like homes in the area to base a fair market value Do inspections of it and other properties to further develop your valuation. It will invariably be below the starting price but don't be deterred. Decide on an absolute maximum you are willing to go to and lock that in your mind. Make sure you have…[Read more]

  • Ozman replied to the topic QLD Property Management/Letting Fees in the forum Help Needed! 10 years, 8 months ago

    Having had a foot on both sides of the fence so to speak I find some practices do not value good tenants and you loose them because of agents pumping up their charges to the owner. As a landlord I have found that if you live in the area and are capable it is worth your while in recruiting and managing your own tenants. You can put the savings into…[Read more]

  • Ozman replied to the topic Galilee Basin – GVK; Hancock; Adani; Bandanna Energy in the forum Help Needed! 10 years, 8 months ago

    I don't think you will see overdevelopment in the local towns in the basin, just support industry and local economy pick up from local employment etc.
    The difference with this is that it is thermal coal used mainly for power generation and the Indian company will be exporting a lot of it for their own use as I understand it. That operation alone…[Read more]

  • Ozman replied to the topic Rockville -suburb of Toowoomba in the forum Help Needed! 10 years, 8 months ago

    In talking with an agent in Toowoomba a couple of months ago I was told they are getting quite a lot of enquiries from people who are looking at retirement homes in Toowoomba. They can sell up in Brisbane at high prices and buy in Toowoomba and cash the difference. They are looking for the upper end in Toowoomba.
    Climate wise its a great place to…[Read more]

  • Thanks for that update Simon
    We have a contract on a property with a detached  Unit / Granny flat so might make it a better deal.

  • Load More

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