Hi AndrewHate to say i couldnt disagree with Philip more.Springfield / S Lakes is at the end of the Western freeway and the Delphin development was voted the best masterplanned development in 2007. Prices since the start of the development have continued to climb and whilst i dont hold any property in that part of town have financed 101…[Read more]

Mel amongst other things I would be switching the current loan on your PPOR to Interest only and structuring it in a manner that 1 property does not support both loans.

Mel amongst other things I would be switching the current loan on your PPOR to Interest only and structuring it in a manner that 1 property does not support both loans.

Certainly like the Northside there Morayfield, Narangba, Mango Hill etc.Havent got anything there myself but financed a lot there recently.Same with the southside but prefer Eagleby to Woodridge.Shoot us an email if you have any particular property address you want searched and I can email you a Residex report on it.

Hi MelFirstly welcome to the forum and I hope you enjoy your time with us.Forest Lake is a suburb that has performed extremely well over the last 7-8 years so there is no reason not to buy in a suburb you know well as long as everything else about the property ticks all the boxes.You mention that you are looking long term to buy your future PPOR i…[Read more]

Pleasure mate.

Hi jacJust to correct a couple of points made above:1) YOU CANNOT rent a residential property from your Self Managed Super Fund as it is a clear breach of the SISA.Realistically you would get 70% LVR but cant borrow in the name of the SMSF. The borrowing has to be done in a separate Installment Trust as a Super Fund cannot borrow in its own right.

Should let Terry answer this one but in essence:Combined values = $689,000Maximum lvr = 80% = $551,200Subtract the purchase price of $309,000 and say $15,000 for costs = $324,000 and the current mortgage on the security property should be no more than $227,200

Hi PawFirstly welcome to the forum and I hope you enjoy your time with us.Couple of answers below:Change current P&I loan to I/O and set up offset account (This may be tricky, our loan is with a credit union that have pretty much zero loan products, so this would involve shifting lenders. There may also be exit fees that need to be considered)Hate…[Read more]

No ferinandch i would not do a redraw but take a new loan based on the increased valuation.There is a big difference.

Hi William Still the odd lender who will do 95% for an expat.CamelIf you are a non resident / citizen you will be limited to 80% lend as you wont get mortgage insurance.Also in WA a Credit License is required to be able to offer you Vendor Finance so probably not going to find a lot of Vendors too keen to make application just to be able to offer…[Read more]

Firstly of all welcome and congratulations on such a good start.If the property has increased in value i would possibly be looking to have your parents property released as quickly as possible so that the deal can stand on its own 2 feet.Secondly i would not be chipping away at the loan at all in fact if it is a PrincipaI and Interest Loan i…[Read more]

Hi BenI would recommend an IO loan on every loan where possible even if it is your PPOR.Flexibility is key and IO gives you that.

Hi FedFor a studio unit in post code 4005 or 4006 you probably wont get more than 60-70% lvr.Also bear in mind interest on an redraw is not deductible unless the original loan was for investment. In this case it wont be if you redraw to use as deposit for a new ppor.

Hi ferdinandchFirstly welcome to the forum and I hope you enjoy your time with us.I wont comments on the particular suburbs as i have property in both of them and think both are excellent as far as capital growth and rental stream.In saying this i agree with the other comments. When it comes to studio units you will certainly find financing such a…[Read more]

First bit of advice would be dont put it into your mortgage put it into an offset account.Even reading your comment about salary sacrificing you can still get around this by not adding more than you need to.Also you would only salary sacrifice the interest and not the Principal so the debt balance would remain constant.

Hi CatsSubject to the current value of your property and your income you could probably obtain a line of credit to 90% of the market valuation.Not sure that will give you $50K but with the right lender and valaution it wont be a million miles away.

Hi PashaFirst of all welcome to the forum and sounds like you certainly have your head screwed on with that amount of savings …well done.Structuring your loan / s is imperative as you are only young and may decide that what starts off as your PPOR may not be for ever and a day.Personally i think i would be looking for a 80% lend on the PPOR and…[Read more]

I agree with what you want from a FP and certainly what we offer our clients.Proactive rather than reactive but have to say good luck in finding someone like that as most merely work on half yearly / yearly reviews and then look make changes then. All a matter of number of clients and so many hours in a day. Sorry cant recommend anyone in NSW to you.

Hi AqualifeWhat is it you are wanting the Fin Planner to do ?As far as performance this is difficult as each client has separate requirements when it comes to income, growth or risk. For example what we might recommend for a client coming upto retirement would be totally different to a client in his mid 20's and wanting to start building his wealth.