Why not get in touch with Nigel Kibel from the forum.Nigel has answered 101 posts about such and has lived and worked in a large Real Estate Agency in the US so knows his stuff.

How are you going to subdivide the land into separate Title when I assume the units are strata title and will all be part of the 1 Development.Council is not going to approve a subdividable lot until completion of the building.Hate to say if you Bank recommended this then they have absolutely NO idea.

Regretfull most lenders wont allow a refinance past 90% lvr these days but you would normally merely pay the additional LMI.

Even more with a Guarantee Capital Loan albeit at a slightly higher interest rate.

Be better of to start a savings account with the lender.

Be better of to start a savings account with the lender.

Ryan might want to read a but about my background I do own a few properties. (currently 40 in the stable at present and starting to acquire interstate this year)

Sorry me old mate Trade secrets.Unless of course you would like to email everyone a list of addresses for free of the properties on your + website.

Think #8 is referring to how you can obtain the deposit.It is unlikely that the credit card rate will be less than a standard mortgage rate however if you cant raise the deposit then a higher rate on a small loan is neither here nor there if you think there will be capital growth on the property.

Yes i would be interested to hear what netorius actually means.

GOMA few lenders will do 95% + LMI where you have been a member for 6 months or more so nothing new there.Difference with wesuck is the prevailing interest rate which is about 40 bps above every other lender doing the rounds.Not that they are running out of money or anything.One lender announced a 100% blended product today where 95% can be non…[Read more]

Hi MoiraNo regretfully the available equity to borrowed against is 270K x 90% = $243,000 minus existing loan of $227,000 = $16,000.You would merely pay the additional mortgage insurance premium charged on the increased loan amount.No unfortunately the FHOG conditions are quite specific that where a partner or spouse has already reeived the FHOG…[Read more]

No you WILL be elligible for the FHOG your Solicitor is incorrect.The fact that you have never owned a property which you have resided in means you will still qualify.Remember the FHOG is Federal Govt controlled adminstered only by the individual States.

In QldYou can claim a home concession if you:buy a home and move into it within one year of the date of transfer live in the home as your principal place of residence do not sell, transfer, lease or otherwise grant exclusive possession of part or all of the home to another person(s) before moving in or within one year of the date you move in.

In QldYou can claim a home concession if you:buy a home and move into it within one year of the date of transfer live in the home as your principal place of residence do not sell, transfer, lease or otherwise grant exclusive possession of part or all of the home to another person(s) before moving in or within one year of the date you move in.

In QldYou can claim a home concession if you:buy a home and move into it within one year of the date of transfer live in the home as your principal place of residence do not sell, transfer, lease or otherwise grant exclusive possession of part or all of the home to another person(s) before moving in or within one year of the date you move in.

Hi HappyBuying a block inline can make good investment sense however finance can often be frustrating.Have a few lenders who will do 80% on upto 6 units but it does make a difference of the post code and town.Would need additional information to advise you further.

moira,Firstly when you say you have 15% equity do you mean at present you have a 85% lend against the current market valuation or15% equity to make the deal a 90% lend which is the maximum most lenders will go to on a top up as there is a big difference.If it that you currently have a 85% lvr then i think you are going to find to access any equity…[Read more]

Depends on which State you are referring about.Check with the OSR in your State.

I agree with Steve i love the true 1 bedder as they are so practical to occupy and make a great return as far as yield is concerned.I own a block of 14 units here in Brissie with 10 of them 1 bedders and I wouldnt have had a days vacancy since the day i bought them.At 63 Sq M that is a good size so go for it.