Woodridge & Nundah wow talk about the devil and the deep blue sea, wouldn’t touch either of them for a number of reasons.

Whatever benny says you will not be buying in Woodridge and keeping it as a set and forget IP.

Nundah has oversupply of units (Trust me i have done enough developments in the suburb including the old Bowls club) and there is…[Read more]

Hi Borna

Firstly congratulations on your maiden post and hope it is the first of many.

Other than the added costs involved in a higher loan to value and the possibility of negative equity should the property fall in value there is no real disadvantedge in putting a limited deposit on your IP.

As far as potential Tax deductions the only…[Read more]

Hate to say Holly has posted the same deal on so many sites it is not funny.

Cheers

Yours in Finance

Andy are you sure North Lakes is where you want to be investing in ?

Clearly you are not a Brisbane local.

We certainly are not buying in NL for our clients.

Cheers

Yours in Finance

Hi Harry

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

Must admit i got slightly confused with your post.

You mention you have 300K in cash but are looking to use these funds to buy in your home country ?
Regretfully you will need a decent deposit in Australia and there is no Govt funding / loan.

I hate to say most lenders…[Read more]

Yes agree.

We get the client 1.1% discount and in a year the client rings the Bank and they offer him 1.2% and he is now convinced that he managed to negotiate the additional discount himself.

At least with ME you now that no one else is getting anything better with them.

Cheers

Yours in Finance

Hi Andrew

Having been involved in well over 200 wraps over the last 15 years you will surprised how many lenders won’t touch them even with a perfect credit history / income evidence.

In saying that thankfully there are still lenders who will do it within their normal guidelines.

Without further details it is difficult to tell you whether the…[Read more]

Yes sure do = NONE

Cheers

Yours in Finance

Yes if your builder’s fixed price contract includes all of the additional works and expenditure and then the lenders valuer agrees with the costings.

Cheers

Yours in Finance

Dean

Have a look yourself. http://www.mebank.com.au/

Just watch out for the comparison rate.

Cheers

Yours in Finance

Fredo i think you are confused as to what can be borrowed and what cannot.

I am assuming you are trying to do the deal as a resi deal and if this is the case max loan will be based on the fixed price building contract or valuation whichever is the lower.

Subdivision costs are soft costs and you will not be able to borrow for these unless you…[Read more]

You can’t. If you sell the property the loan will need to be repaid.

Cheers

Yours in Finance

Hate to say Dean servicing models have not changed with most lenders using a fixed sensitised rate for servicing or a margin rate over and above their SVR on a P & I basis.

A lower RBA rate won’t make qualifying easier for borrowers in the main.

Cheers

Yours in Finance

Yes certainly is the case post 2007 and with thanks to Mr Costello.

Unfortunately it looks like i won’t be old enough quick enough to enjoy the fruits of a Tax free retirement unless it can get passed in the last year of the next term of govt lol.

Then it will be Tax from 55-60 and hopefully Tax free from there on in…..

Cheers

Yours in Finance

Yes definitely Jesse.

Although in saying that I am sure Nick is like the rest of us and he will charge for his time and any Statement of Advice.

Cheers

Yours in Finance

Hi Bueller

No the lender will view the property as being unencumbered however just make sure you structure the loan correctly this time as your average lender will love to have security over both properties for a small lvr. Cross collateralisation at its best.

Get your broker to use the equity wisely and there is no reason why you can’t set…[Read more]

NTRODUCTION

There’s been considerable parliamentary debate, media coverage and public discussion about debt during recent years. Much of the focus has been on government debt, and government debt levels have been well publicised. However, governments are not the only sector contributing to the Australian economy.

This article looks at how…[Read more]

Raj Title ownership dictates the Tax deductibility so if the property is in your sole name then irrespective of the loan split you will be the one who gets the deductions.

Only put it in joint names if you need the serviceability now or in the future.

Cheers

Yours in Finance

It is a just a remix of standard blended loan offering with a 1st & 2nd Mortgagee.

An traditional lender takes the first and an investor takes the 2nd at a higher rate.

We were offering the same product thru our Company First Home Owners Group Pty Ltd back in 2000.

Nothing knew but fills a few gaps in the market i guess in the current…[Read more]