Hi MarkResidex reports are property based so if you can give me an exact property address then happy to run a report off for you.Shoot me an email with the details as i dont check the site all that often.

Unfortunately their is insufficient data to enable any structured advice to be provided however i dont think it is as simple as all that.One thing i would be careful about using your redraw facility for a investment property deposit. You would be better off to clearly separate the two loans and structure the facility so that they help in reducing…[Read more]

Hi MarkRegretfully i dont fancy your chances as there is clearly insufficient equity in the property and the maximum lvr you will get these days on a IP is 95%.With the current property being an IP already you probably dont want to pay down the debt to increase your equity so are limited to your cash funds or the available equity in the current…[Read more]

Try someone like Washington Brown as they have an office in Melbourne.They have a Nationwide Quotes and Queries number which is 1300 99 06 12

Hi CarlFirstly welcome to the forum and I hope you enjoy your time with us.Yes in an ideal world you would not have repaid all of the principal on your current IP loan especially where you have now non deductable debt.In saying that as you mentioned this property is merely a stepping stone and therefore i think i would structuring the loans…[Read more]

JimmyIf you want to drop me an email with the full property address i can send you a free Residex report which might help you.

Hi FutureFirstly welcome to the forum and I hope you enjoy your time with us.Can you tell me where you are based so i can see if i can recommend anyone.

Yes Vacant Land is acceptable but again not enough data to provide a recommendation.

Pleasure Craig.Must admit i have found the reports on the properties i am looking at very informative.Glad they can help other members also.

Lenders use a Living Expense Allowance which varies depending on your marital status and whether you have dependants.In most cases the scale is based on either the Henderson Poverty Index (HPI) or (the higher) Household Expenditure Survey (HES) data from the Australian Bureau of Statistics.

Hi NatYes 95% is still available (just) although lending conditions are fairly stringent.You would want to have good credit history, employment & residency longevity.

Simplified Assets & Liabilities statement together with an income & expenditure break up would help.

MichaelSorry i cant see that I made any reference to how Jazz account for his income merely what net Taxable income he would need to be showing in his Personal return to qualify for the sort of loan he was enquiring about.I certainly wouldn't be providing him any Accountancy advice and agree with you that he needs to confirm with his Tax…[Read more]

Great news to hear that you will be in at the weekend Maree after those floors are finished.Very excited for you and glad we were able to assist.

Most lenders will only lend against purchase price or valuation whichever is the lower (there are the odd exception).

In general lenders will take into consideration your net monthly income plus a percentage of the anticipated gross rent.From this figure they will deduct any existing loan expenses, a set living allowance dependant on the size of the family as well as a percentage of your credit card limit etc. This will give them a net surplus and from this the…[Read more]

Sorry luvmud Appears to be a lot of soft data missing to provide a decent recommendation.

Hi ShanePersonally I wouldnt use any of my own money on an asset where i can obtain a deduction on the interest. That is not to say i would pay interest on the loan but i would utilise an offset account so if circumstances changed down the track and I need access to my own funds I could withdraw them from the offset account without interfering w…[Read more]

No problems Josh.

Hi JazzNot quiet as clear cut as all that as there is a lot of soft data which has not been provided ie. marital postion, dependants, property location , other liabilities (credit cards limits) etc etc etc.However in saying all of that assuming your net taxable income for the 2008/2009 financial year was around $90K (Subject to the above then you…[Read more]