Rubbish a non coded loan is not only for those in business.

Buying in the name of a Pty Ltd Company ATF Family Trust with a mum and dad Director makes a standard residential property a Non Coded loan.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Argyle

Deposit requirement inside a SMSF would be a minimum of 20% but in Tassie likely to be nearer 30%.

Plenty of other liquidity and servicing restrictions etc

Maximum 10% paid upfront (otherwise it becomes an instalment contract) with the balance on settlement. Course if you can negotiate lesser terms then all well and good.

Sorry to…[Read more]

Hi Trevor

Yes fairly common in Australia and takes about an hour to have the paperwork available for execution.

Cheers

Yours in Finance
0-40 Properties in a Decade. Ask me how.

Hi Trevor

The market certainly hasn’t gone down but seeing who you bought them thru I tend to think you probably overpaid for them in the first place.

Let me guess they were both brand new?

$47k won’t buy you much at this moment in time and wouldn’t be enough to use as a deposit to gear into a property inside a SMSF due to the more stringent…[Read more]

Sorry Moggy that is certainly not correct

Non Coded loans can be financed on a No Doc basis.

Cheers

Yours in Finance.

0-40 Properties in a decade. Ask me how.

Thanks for the update times81.

Sorry to hear about your issues.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Aru

Welcome to the forum and hope you enjoy your time with us.

Sounds like you are new to the City but I will assume that you know the Western Suburbs.

Nothing wrong with Forest Lakes but yes termites and fire ants are an issue around the area but like anything preventative care and regular maintenance will cure this.

If you have that…[Read more]

James whereabouts is the apartment situated ?

If you own a single unit in Brissie (I own 2 blocks for this very reason) i would always use the resident PM.
Likely they have purchased the Management Rights and have a greater incentive to perform.

Remember subject to the Property Management Agreement you have signed you can always get out and…[Read more]

TM

Why don’t you consider using some of your 20% deposit to cover the Stamp Duty and acquisition costs.

Go for a 90% loan and cop some LMI. It can be your opportunity cost friend in this climate as well as being a Tax deductible expense.

Be careful with a long settlement as you wont be able to lodge a finance application until you have proof of…[Read more]

Yes sure Argyle what do you want to know.

Cheers

Yours in Finance

I still disagree we finished another development there last year a small block of 8 and think we were lucky to get out in the nick of time.

I prefer Everton Park now with the recent Town Planning changes. We have a couple of long dated Options which we will hold and decide what to do nearer the time.

Guess one of the advantedges of being on the…[Read more]

I still disagree we finished another development there last year a small block of 8 and think we were lucky to get out in the nick of time.

I prefer Everton Park now with the recent Town Plan changes. We have a couple of long dated Options which we will hold and decide what to do nearer the time.

Guess one of the advantedges of being on the spot…[Read more]

Can’t go wrong with the guys at Ballarat Property Group.

Cheers

Yours in Finance
0-40 Properties in decade. Ask me how.

Ag, You might want to post these as a separate post as it doesn’t to have any correlation to the original question.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how

Jonesey it all boils down to what you can do with the cash funds.

I would strongly suggest you look at taking some finance on the deal even at development rates.

Doing so will give you some flexibility and choice by keeping some cash funds up your sleeve.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Ivan about 2 years too late for Mitchleton.

Similar to Zillmere had you got in 36 months ago you can have done ok.

Suburb is not fairly full of either old Qlders that need a bit of work or development sites and over supply of townhouses.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Only this morning Firstmac fell in line and has changed it servicing model to follow most other lenders.

Still the odd lender working off the old script but in order to keep ahead a game it is a matter of structuring correctly to enable you to adapt to an ever changing market.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Firstmac fell in line only this morning and has changed it servicing model to follow most other lenders.

Still the odd lender working off the old script but in order to keep ahead a game it is a matter of structuring correctly to enable you to adapt to an ever changing market.

Cheers

Yours in Finance
0-40 Properties in a decade. Ask me how.

Hi Chattaway

You would surprised how many forum clients have been in touch to refinance their existing loans since lenders started to increase interest rates on IP loans.

In fact there are some excellent Interest only deals doing the rounds for PPOR’s.
If you decide to rent the property out in the future that is upto you.

Cheers

Yours in…[Read more]

Hi Chattaway

You would surprised how many forum clients have been in touch to refinance their existing loans since lenders started to increase their interest rates on IP loans.

In fact there are some excellent Interest only deals doing the rounds for your PPOR’s.
If you decide to rent the property out in the future that is upto…[Read more]