According to my score i would be able to survive until 2026 (At which time i will be retired again and living off Super and investments anyway) however there was no allowance to factor in "wife shopping" as an expenditure item which might cut it back by around 10 years.

Sorry eternit we dont go down that far.I have recently purchased an Agency with a large rent roll based in Clayfield so most of our properties are in and around the City and City North.

I think we charge 7.5% + GST.

Hi Nigel Where abouts are you. Might be able to refer you to someone.

Must admit never heard of them. Do they have a website we can look at and make comment.I very much doubt they are a property investing group more of a property marketing group who no doubt out their hand out for a nice fat commission cheque on each settlement. Remember these guys dont do anything for nothing. 

It is funny i hear all day long about the CBA. They want to help you when they feel there is something in the deal for them and then drop you like a stone when you need them most.As has already been mentioned a little more information would be needed to provide a suitable suggestion.Bear in mind that there is a big difference between what one…[Read more]

Remember there is a big difference between lenders and serviceability.Some will take 80% of your rent into consideration others 100%.Some will assess your loan at the variable rate + a margin say 1.5% others will take the actual payment rate.Some will add back the actual negative gearing benefits at the payment rate other will add them back at the…[Read more]

No way out of it. You incur the duty and when you sell it to them under the instalment contract so do they.Difference is that they may qualify for a reduction in the duty payable under the First Home Buyer concessions. They may also qualify for the $7000 – $10,000 FHOG dependant in which State the property is located.

CarlinI disagree that the average MB has a limited choice of lenders. Most brokers could access over 30 lenders and probably 300+ products. In saying this 80% of these lenders are not investor orientated, do have a problem with Trusts, service level are totally unacceptable and what is a special today is not tomorrow.Serviced accomadation is a…[Read more]

TerryYes it is an O/O product only so in Dave's position want to use a corporate Trustee ATF a HDT wont work. 

Regretfully not as the eventual bid price is still to be determined.Certainly you can get a valuation of the property and no doubt your broker will do that but it means nothing if you decide to bid a little higher to secure it.Matt is correct it is not a matter of you being confortable with the loan repayments but more of a matter whether the…[Read more]

Ask the selling agent if the Vendor will accept a Deposit Bond for 10% instead.

Get your broker to provide you with a copy of the valuation report (Many lenders will allow this and brokers can instruct the valuation upfront with a couple of institutions) and see for yourself. This will cost you nothing.

Rather than go to the expense of refinancing especially a SGB loan look at the alternatives with either lodoc 2nd mortgages or utilising the unincumbered land as security.Whilst you may a little more for a lodoc / nodoc 2nd mortgage it will only be on a small part of the overall loan amount.

OscarCertainly would be switching it interest only but i also think there are a few more considerations dependant on whether you have another non tax deductible debt.

Ok have done 1 or 2 in Qld – lolRemember the legislation is different in each State when it comes to wrapping especially in relation to the FHOG.

95-100% dependant on the lender.

Which State are you looking at working in ?

I am with you Alistair i think we have 2 heads and charge like wounded bulls. 

You are right about ME very good for your first home and not much more.Your question is like how long is a peace of string and has so many variables an answer cannot be given without a lot more information.