Alex wouldnt touch it with a barge pole.You wont get finance on it past circa 60% lvr so will need a decent deposit and all of these Hotel managements are only as good as the Company behind them offering the lease or guarantee.Usually $2 shelf companies.Several in Brisbane have got into liquidation and the investors left with a room and nothing to rent.

85% is available for lodoc with ABN of 2 Years +

Depending on the lender interest should be calculated daily and debited monthly so the extra payment will have an immediate effect on the balance and the interest charged for the month.Of course if you sat the funds in a 100% offset account then the interest savings would be the same.Might even go 1 step further and think about a interest only…[Read more]

Hi RexNot that easy these days unless they can see where the funds are going but to be honest what you would do is take 60% from day 1 and place the balance of your savings in an offset account or if all of the funds going both in and out of the loan where investment orientated could look at a line of credit.Issues come where the funds being…[Read more]

Did answer this on the other forum heading.Minimum 3 year fixed at the mo is around 6.89% Days of 6-6.5% have been and gone.

Hi Rex at that lvr there are a couple of lodoc 60 products that existing so you should be fine.

No as long as you get a Credit License you can offer it.Check with the Office of Fair Trading in WA to see what the requirements are.

Check with the OSR in WA but Stamp duty will more than likely be payable and of cours CGT if applicable. 

Hi DarylSeems to be a popular question as this is the 3rd time i have been asked it.As long as your wife is in similar employment and it is not a 95% lvr then probation will ot be a problem for certain lenders.Have to disagree with what Ryan said as approaching a lender direct will not do you any good. Had a client today who had approached one of…[Read more]

Couple of things worth noting1) Your Bank will not allow the propery to be onsold on Vendor Terms through an Instalment Contract. 2) In WA you are requirement to hold a Credit License if you offer such Terms.

Yes it is but wont do you much benefit.Normally if you want the Tax deduction in the current year you would pre-pay 12 months interest.

STry NAB agri dept found them be fairly helpful at the moment.

Hi RishiIt is a common problem i hear from clients all day long but where there is a will there is often a way as each lender has a different way of assessing serviceability.Had a forum client only this week who had been told No more by CBA yet we have managed to get them another $440,000 with a combination of restructuring and through a lender…[Read more]

Wasnt disagreeing that they wont finance any deal but meant you can forget them as far as competiveness in respect of rate and lvr is concerned.Have done some really large rural deals recently 100 AC + and Anz have never even been close to the party

Hate to say the days of Anz doing anything rural have well and truly been and gone.

Think i answered this when you posted it on the other section.

Ryan you mentioned in answer to one of my previous post that you hadnt purchased a property with a Vendor finance loan yet are saying here that you purchased a property for only $18,000.Are you saying that the total purchase price was $18,000.If not do you want to tell us more.Reason i mention it is because you couldnt seem to understand that not…[Read more]

Yes look at the council zoning.Just because it is a big block of land doesnt mean you can build multiple units.I live on just under 3 / 4 of an acre a stones throw from Brisbane CIty and you definately will never be able to build multiple dwellings on my block or my neighbours.

Hi CheSorry cant suggest anyone in SA.

I admit that is my understanding also as i have never seen with the exception of St George a policy that says the loans "Must" be crossed when both loans are with the same Bank.