Agree with what has been posted already.Troll thru a few of the older posts and read what advice has been given and then post some questions and see what reponses you get by way of feedback.Be suprised what gets covered here as we are friendly bunch.CheersYours in Finance

Dont think i will even go do the path of spending time answering this one.Do a quick search on previous posts and you will find a 101 other comments.Again if you are chasing rate and rate alone then whilst they are not the cheapest the rate is so so.Personally most of my clients dont chase rate alone.Of course there are so many things about such…[Read more]

Aj Aj Aj please avoid Destiny at all costs.CheersYours in Finance

AJ i think you are wasting your time talking to a Financial Planner as most will want to promote other forms of investment.If you shoot me an email i will send you and API interview i did based upon how i got started some 15 years ago and how to use equity to purchase multiple properties.CheersYours in Finance

Hi avranjesObviously without any personal details from your sister it is impossible to provide any form of Credit advice however would just comment as follows:1) Anz 95% lvr requires the borrowing to have held a retail lending product with the Bank for at least 6 months and it is 95% less LMI.2) NAB 95% lvr is only for those clients which come up…[Read more]

Hi AJGood for you.Yes get if from a different perspective.If you have thought of SE Qld contact Andrew @ Allen Real Estate as he is a buyers agent based here in Brisbane.CheersYours in Finance

Thank you for your response Ken.I am sure with that information AJ can make an informed decision.CheersYours in Finance

Hi VonEach lender / mortgage insurer will have post code areas they lend in and the maximum lvr in each. (This will depend on a few factors)Course in the larger towns and cities you are more likely to get a higher lvr.Not sure the post code you are referring to so difficult to answer it fully.Feel free to drop me a line with the post code and i…[Read more]

Hi legend That is what everyone is suggesting.CheersYours in Finance

Hi again AaronMost lenders only require last 2 year Tax Returns so subject to satisfactory income that wont be a hurdle.Depending on the lvr you are looking at circa 6.35% – 6.45% no applic, valuation ongoing fees, no early repayment fees or charges.Certainly yield looks good on paper just want to check out the Body Corporate fees and factor those…[Read more]

Heh Jamie do you know of any then lol ?At 90% lvr you should be able to get IO for 5 years and probably looking at a rate of say 6.45% with no applic, val or ongoings.Capitalised LMi is fine at 90%.Assuming of course security is in an acceptable post code region.CheersYours in Finance

Catalyst Yes very observant of you.My thoughts exactly. Very well timed to join up the day a comment about the Company you partner with has been mentioned in a  post. CheersYours in Finance  

Hi BenYes have to be 18+ to buy anything.CheersYours in Finance

Ben by the way we have assumed that you are 18 or over as you cannot enter into a Contract to Buy land until such time as you over 18.Good luckCheersYours in Finance

Hi KenPlease can you tell me why Phil only recommends new property (and by the way i am fully aware of the Capital Allowance / Depreciation argurment) when since the Doomsday book land is what has increased value and not the property itself.Buyers Agents often recommend a property that is a year old or older and do it for it a number of reasons.…[Read more]

Hi Big AJFirstly welcome to the forum and i hope you enjoy your time with us.Certainly property investing can be adictive (trust me i bought 40 properties in 14 years) but half the battle is buying the right type of property. That is not say that a house is better than a townhouse is better than a unit but more to say that it is what suits your…[Read more]

Hi BenWelcome to the forum mate and hope you enjoy your time with us.Must say i love your enthusiasm but in the real world there are a few finance facts you need to be aware of.Not a snows hope in hell any lender is going to give you more than 80% of the land purchase price and construction costs and even if they did for a 6 unit construction are…[Read more]

95% lvr should be available but as it is likely to be credit scored at that lvr it will depend on 101 other items.CheersYours in Finance

No you would merely pay top up LMI (difference between what the new premium would be and the amount already paid when you purchased the property) so not going to be very much all all.Terry has used some general numbers for you to get an indication of the concept. You reduce the interest rate by 1% (and in fact with a couple of lenders you could…[Read more]

Sorry i think you are still failing to grasp the concept of investment property purchasing and financing.When you start off and purchase the IP you will incur LMI if the loan to valuation is greater than 80% (85% with 1 lender).You wont get a refund of the LMi just because the property has increased in value and the lvr fallen.You might find a…[Read more]