Hi Snowy and welcome.Easiest way to get some views is to post the questions you want answered and then wait for the replies.

Only a Quantity Surveyor can prepare a report for you and not your Accountant.Try someone like "Depreciator" or Herron Todd White as they have a QS division.Every time i have commissioned a report the QS has always visited the property.

Hi LnhYou are right that the cost of a valuation x 2 isnt cheap especially if you dont proceed with the application.You are also correct that the Bank normally will not release a copy to you the borrower.If you use a mortgage broker there are a couple of lenders that allow your broker to instruct the valuation and if this is case then you maybe…[Read more]

Hi Opportunity Firstly welcome to the forum and I hope you enjoy your time with us.I dont think you have to worry too much about the long term capital growth in the areas you have indicated. The development of Ipswich and the Goodna corridor is amazing and the upgrade of the Ipswich Motorway (only 10 years + overdue) will make travel to and from…[Read more]

You would have to say it is a Big John marketing gimic.I can guarantee that if it is merely the lowest rate you are after then i assure you I can better what you have at the moment but the big difference is it really what you are after and does it suit your circumstances. The lowest rated products usually have very little features and very little service.

A couple of things to bear in mind:1) The assets & liabilities of all of the Trustees / Directors (If you use a Corporate Trustee) will need to be taken into account by the lender when assessing loan serviceability and whilst this may be ok now if any of the parties wanted to buy on their own they may find this affects the capacity to…[Read more]

If your husband is a PAYG employee then very little chance to lower his income as his employer will not allow him to contract to them. With regards to your other assets transferring them into a Trust structure will incur Stamp Duty and possibly Capital Gains Tax  so will depend on what the asset involves.If he has a substantial share portfolio…[Read more]

Hi BarbaraFirstly welcome to the forum and I hope you enjoy your time both here in australia and i our property investing community.Whilst the FIRB will determine your application bear in mind that you will be unable to borrow more than 80% of the purchase price or valuation as a non resident.Your mortgage broker should be able to assist you in…[Read more]

Guys just to clarify the position on studio units and financing these deals.Anything over around 30 sq metres can be financed however some lenders are more picky than others.Recently did a 95% Lvr on a 32 sq M owner occupied studio so it can be done.

PwinneAll depends on whether you have personal or corporate Trustees but around $775.If you want a Company sitting over the top then probably need to double this.In saying this i have heard of advisers charging $3000 to do the same thing.

Certainly if the properties are neutral or posively geared i would considering a Discretionary Trust.Many lenders offer lodoc or nodoc style loans depending on the zoing and post code and require evidence of income at all.

A simultaneous settlement is the same as a sale and the only difference if they are both on the same day means you will not have to pay interest on your financing.You will have to pay normal stamp duty, legal for the buying and selling and agent fees (if the agent sells the property for you). The fact that you are using the same solicitor as your…[Read more]

MelPersonally i have done both. But i have to say a lot more property than business.

Hi CraigWhen you say you are buying them as 1 parcel are they all on the same Title or are you just buying them all together.If they are one 1 Title then you are unlikely to get more than 70-75% depending on the purchase price.And Yes if one 1 Title the loan will need to be considered as a Commercial loan.

Without financials you have no chance of obtaining any finance.If it is the gym i think it is then you have no chance of obtaining any finance anyway as the business is leasehold and the equipment is worth nothing to as Bank. Without equity in your current portfolio you will have little chance of funding it.

Personally I would look to do both however i would be careful how i structured it.Unless your current PPOR is likely to be your home forever i certainly wouldnt be paying off the capital as quickly as possible and in fact would be switching the loan to interest only linking this to a 100% offset account.Then careful planning the loan to ensure…[Read more]

mccozWith 2 out of 3 unconditional contracts you could probably go to 66% of gross realisation for the entire project especially if you can show cash or equity to cover interest repayments and contingency if needed.Will pay a little more for the higher lvr but gives you opportunity to go again.

GuysAttended a Breakfast Seminar last week ran by Kendalls (4th largest Accounting firm in Qld) and the offset question was raised amongst other..Their attitude was as long as the funds were drawn down and intended for investment and could clearly be seen to be used for investment they could be parked with non investment funds short term and…[Read more]

Not unless you use the $160K as deposit to be the business and borrow the balance.Alternatively ask the vendor if he will offer terms on the purchase.