It all depends on the State concerned and the amount of work carried out but from my past experience we have never paid more than $550 + cost of searches etc for a purchase or a sale.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Cheers Simon

Shows how boring Friday nights are in Brissie.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

I agree Kiwi.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Wow just read another ad just like yours on the other forum.

You get around.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Wow 20 mins now and the moderators havent canned this wonderful display of advertising.

Must be a busy Friday night in Sydney and everyone is on the town.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi Markus

You can use a Call Option for a small subdivision which you might look to flip or a large residential block which you might develop.

Just bear in mind in some States you still pay stamp duty on the Call Option but at least you can make the Option subject to you obtaining a DA on terms satisfactory to yourself.

I picked up one during…[Read more]

Alfa

Ok Suncorp may have a problem with that as they are not best with new Contractors.
Tell your broker to place the pre-approval elsewhere. If he can’t i can think of a couple of lenders who would welcome the business.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

The answer is Qld is NO.

You will trigger a double stamp duty payment by changing the nominee on the contract.

You could in Qld use a nomination letter as long as this was minuted and date prior to signing.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

As i stated earlier funding the deal is no problem but you would not fund it from an Australia Bank based here.

Double Tax Agreements
There are Double Taxation Agreements between Australia and a number of countries. These agreements mean that, in most cases, taxation is only imposed by the country of residence and not by the country where the…[Read more]

Must admit i have financed deals all over the world but India would be a first.

You will not find that either of the lenders you mentioned here in Oz would lend on an Indian security. Possibly if you approached their Indian branch they could give you their poilcy on FN lending.

It is the same for clients wishing to purchase in the USA and maybe…[Read more]

Many lenders adopt this attitude however as long as the property is >25 Sq M then you should be able to obtain upto 80% LVR at standard interest rates.

The inclusion of a lift is also important as to whether lenders wish to accept the security. Most prefer without.

A client from the forum contacted me last week buying a 1 bed unit in Sydney…[Read more]

As has been mentioned it will mean you are required to pay additional Stamp Duty however you may also trigger a CGT problem and if you have owned the property less than a year will mean you may loose the 50% exemption.

By all means transfer the property into Trust as Alistair has mentioned but weigh up the pros and cons first.

Richard…[Read more]

Nathan

Certainly rural zoning is more common in agricultural areas of small regional towns but you can certainly build on rural zoning subject to the Local Council Town Plan.

Many of the properties I finance in some of the smaller regional towns are either rural or residential rural.

Adam has explianed the meaning of Sunset Clause and is known…[Read more]

Alfa

What a load of rubbish.
With all the facts it is hard to give an definate answer but i would be looking to switch brokers to someone who can understand Contractors and the way in which they work.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Unlikely you will get MI if it is much over 100 acres so therefore probably limited to 80% max.

I wouldn’t sell just coz you feel trapped with your lender. If you want to give us some more details i would be happy to assit further.

Richard Taylor
Residential & Commercial Finance Broker
Ph: 07 3720 1888
richard@yourstatefinance.com

Hi Alfa

Difficult to answer that one without a bit more information.

Different lender treat contract work differently and it depends on some many other factors.

For example if the lender has taken a high percentage of your income into the serviecability calculation then they maybe slightly more cautious. The total LVR will also be important, if…[Read more]

Must confess i am at a loss on how using a broker cost you $5000.

Most brokers get paid by the lender on settlement with no additional cost to the client. One of the advatages as it has been pointed out is that you can let the broker do all of the hard work and then give you a few recommendations.

NAB or any other Bank will only tell you what…[Read more]

tgavin

There are currently lenders offering 100% loans on IP’s and it is always easy if you have an existing tenant in the property.

By taking a 100% loan you might incur such additional costs as LMI or an increased establishment fees but it saying that it maybe worth it to secure the deal.

You will however need to be able to access funds to…[Read more]

bwp

I am assuming you are looking on the mainland as financing anything on the island might be a little harder.

Structure is probably the most important think when buy ,develop and sell together with flexibility. You should also look for minimal entry and exist fees as finance costs can easily eat into your end profit.

Richard…[Read more]

Matt

Certainly from a financing perspective you will find that you need to offer a slightly higher deposit or additional security if you want to borrow at the higher end of the LVR scale.

Most commercial lenders will vary in terms between 65/80% LVR for a typical tenanted property with interst rates varying from around 7.1% for a small lodoc…[Read more]