Internally anything over 35 Sq M you should be fine. CheersYours in Finance

Yes you could comply with all of the Grant conditions, put the utilities in your name and for some reason you were not able to sleep there there at night well so be it.CheersYours in Finance

Hi LukeThere is a big difference in Stamp Duty in NSW when buying the property as an investment property and buying it as your first home for owner occupation.You also have to consider if you purchase the property as your first home you will also qualify for the First Home Owners Grant now rather than waiting until you purchase your own home down…[Read more]

ChrisJust action is a step by step process:1) Pay the $33K into the PPOR home loan and then get your Broker to organise for the advnce repayments / capital reduction to be cancelled.2) Then get your Broker or Bank to make application for a $33K + $22K as a separate sub loan. Loan to be interest only.3) Once the $55K has been drawn down use the…[Read more]

Hi HCYes feel free to shoot me an email.CheersYours in Finance

The simple answer is Yes and No.In most cases it is not a matter of the lowest rate but actually getting the deal thru at that lvr whatever your local bank say.Where LMI is involved they could ask for additional information at any stage, change their mind, request a blood sample, anything is possible.What one mortgage insurer will do another may…[Read more]

Should be down to around Standard variable rate circa 7.5%.I am doing a block of 9 units on the 1 Title here in Brisbane and the indicative rate on a resi deal is 7.6%.Client has a few properties and good serviceability hence the rate.CheersYours in Finance

Hate to say if it is a newly formed SMSF a lot of lenders will walk away.We never use CBA for our SMSF loans as their costs and requirements are way out of the market.Most lenders will require a Financial Planner to sign off that the Investment strategy is understood however you are looking at $150- $200. Where we are not acting for the client to…[Read more]

Wont get more than 75-80% lvr and will depend on a couple of things.Yes it may be done at resi rates if everything else stacks up.CheersYours in Finance

Hi PeteWe do around a deal a week on the SMSF lending at the mo.Yes SGB is extremely competitive but there are a few quirks you need to be wary of with them.In SMSF lending the interest rate / lvr are only a couple of things and ease of credit requirements can be the defining reason why you with a particular lender. Bottom line is you need to kno…[Read more]

booge it is simple your Broker is acting on your behalf.If you dont want a fixed rate you tell him "I dont want to go fixed". If he argues any more dump him and ring Jamie.CheersYours in Finance 

CheevesSorry you clearly dont understand Australian Credit legislation or the impact of NCCP.Yes we are financing in parts of the US and Yes we have so many enquiries it is unbelievable but at the moment because of the impact of NCCP we dont take applications from Australian based investors.We mainly focus on UK clients who pay our upfront fee and…[Read more]

John and when you have found one vendor find a lender who will accept it in the current climate.CheersYours in Finance

Citibank / Anz / AMP are 3 i would look at prior to UBank.CheersYours in Finance

There are better 3 Year rates around than that if you want to go that route.Must admit i wouldnt go the UBank route.CheersYours in Finance

Hi adzleaI will answer from a Finance perspective and let others with more in depth knowledge on the area than me comment on the potential growth.It is a tricky one from a lenders perspective and will to a certain extent depend on the individual lender.Assuming that the security is a standard residential property and not part of a managed complex,…[Read more]

JohannWill post my answer here rather than reply to your email as I am a little flooded with emails at the moment.I am a great believer in starting a business, developing it and then getting others to run it for you whilst you collect the cash returns.Once it is clearly profitable package it up or franchise it and roll into another.Use the funds…[Read more]

Terry totally agree with you.The question of GST also offer arises on renovated properties and the "substantial renovation" wording is key.When is an existing property a new property = when substantial renovation takes place. Course the definition of "substantial" is an interesting one.Certainly a trap for new players and hence if in doubt obtain…[Read more]

Hi riderOn a separate note financing a block of units on Company Title will be interesting.Can think of a couple of lenders but you will be limited to circa 70-75% lvr.Also remember when you come to sell the property potential buyers are also going to be restricted in what they can borrow.If this is not an issue then as long as everything else is…[Read more]

Hi MelvinYes got it an replied.Hope it makes sense if not give us a call.CheersYours in Finance