And of course a seller is not required to countersign your offer.

Cheers

Yours in Finance

Jenni, really where are the traffic problems in Logan / Waterford ?

In fact with the Logan motorway and good access to M1 i would have said that is far from the case.

First i have heard about it and i have been involved in real estate here in Brisbane and Qld for some 18 years.

Cheers

Yours in Finance

Hi Matt

I am assuming the property will be an IP not a PPOR so given this your lvr will be limited.

Whilst 95% + LMI is doable in Toowoomba (according to QBE, Gemworth won't touch it) you are reliant on the valuation in regards to comparison sales etc etc.

Either way the balance of deposit, stamp duty and acqusition costs will come to a lot…[Read more]

Hi Dom

Welcome aboard and i hope you enjoy your time with us.

I started my property investing career in SE England when i was your age and in fact purchased my first IP the same year so good for you.

In saying this the hardest part going forward at your age will be financing the deal. In the UK at the moment finance for standard residential…[Read more]

Even if you approach the Vendor after the expiry of the agency period the agent will still have the right to claim a commission as you were a willing and able buyer and approached the agent for information during the agency period.

As Jamie mentioned i can't see why you would want to cut the agent out other than possibly to try and save the…[Read more]

Further interesting statement released today in the Housing Affordability Index quarterly review: 

First home buyer numbers plummet:
• Number of new finance commitments to first home buyers dropped 22.5% in the March quarter, a drop of 21.3% compared to the same time last year.
• They made up just 14.5% of owner-occupier market –  the lowest…[Read more]

Hi Roberto

Sure Nigel didn't mean to say it but the payment of a deposit is not legally required for the Contract to be valid.

The 4 elements of any contract are:

1) Offer
2) Acceptance
3) Intention of legal consequence
4) Consideration.

Course in practical terms a deposit might be useful to encourage the seller to accept the offer however is…[Read more]

Ok Coota think you do a lot better there Waterford or Loganlea

Cheers

Yours in Finance 

Not sure where Fredo is getting his info from but i don't think Nigel would hold himself up as a Brisbane expert.

I know he has been here a couple of times but i think he maybe have got him confused with someone else.

It all depends what you are looking for within that price range.

Certainly non of my properties are that far South but that is…[Read more]

Elives, no you are right he has no idea what he is taking about.

Stamp duty is payable on all transactions.

In some States their is a concessionary amount depending on whether the purchase is for owner occupation or indeed your very first purchase but in the main makes no difference S/D will be payable on a PPOR outside these concessionary…[Read more]

Exactly JacM it is all about personal choice and thankfully we are not equal otherwise who would i rent my places to?

We are finding the level of enquiry for Vendor Finance has gone up a notch and at the same the level of enquiry for 100% lending for investors has done likewise.

Citizens of Australia like any Country are not all born equal and…[Read more]

Wow Sarah 13k for the Buyers Agent’s fee that is ridiculous .

We charge less than half of that but would never put a client i to a deal like that.

The yield post reno isn’t that good so personally i would run a mile.

It all depends on what you are trying to achieve. I would be looking at what sort of portfolio your Buyers Agent has built up…[Read more]

Just because interest rates are currently falling this certainly does not mean that tenants will rush out and buy their own home.

Firstly the qualifying factors for a home loan have got stiffer and stiffer and the withdrawal of cart blanche Stamp duty discounts and give away Grants mean that for a $300,000 purchase the buyer needs to hold around…[Read more]

I have a client who works for Ford Geelong and he tells me that he is gearing up to be busier than ever as the spares parts and service divisions are still be maintained.

Also remember Rental Assistance is not Asset Tested.

I have a number of properties in my SMSF that I have sold by way of a License to Occupy / Rent to Buy where i prey like mad…[Read more]

Hi Danii

Firstly welcome to the forum and i hope you enjoy your time with us.

In regards to the documentation required it will be more likely be what your likely financier will require rather than what Centrelink will need.

Of course in saying this depending on the loan to valuation/ amount of deposit you have you not find too many lenders will…[Read more]

Hi HF

Welcome to the forum and i hope you enjoy your time with us.

As Jamie has mentioned the impact of the National Consumer Credit legislation will have most lenders and mortgage insurers running for the hills given your age and circumstances (by the way for it is worth i am sorry to read about your situation) and if you can keep the loan at…[Read more]

Depending on a couple of factors you might even find the odd lender who will pay out your personal loan and provide funds for renovation. Did one very similarly for a forum member last week.

Cheers

Yours in Finance

Hi Elives

Not sure which US books you have been reading but loans cannot be transferred in Australia.

Cheers

Yours in Finance

Hi NM

As discussed on the phone yesterday there are many suburbs i am putting my forum clients into that give excellent opportunity for capital growth as well as hhealthy rental returns .

Unlike Nigel i believe you can go further out than 5-6 kms and still get good opportunity and that is starting to reflect in rage valuations we are seeing…[Read more]

Would always be slightly cautious of Wikipedia .

We were out researching some areas for a forum client who was using our Buyers Agents service and found the actual towns population compared to good old Wik was more than a few thousand out.

Like anything check and then double check.

Cheers

Yours in Finance