Babs

Why not just use the security of the land as additional collateral when you purchase your unit. Off the top of my head the Loan to Valuation ratio will be around 70% dependant on what price you eventually settle on.

The lender would take both securities as collateral and then release your land when it was sold on the basis that you reduced…[Read more]

Hi Alf

Not only do different States have varying legislation but also Councils within that State.
In summary in Brisbane it is dependant on the age of the Building and the Zoning to how easy it is.

Prior to the Building Act 1974 permission is by consent and you are not required to comply with the new Building Code requirements. This alone makes…[Read more]

Hi babs

Not sure what the value of the land would be or indeed the Post Code. A LOC is one way but there maybe other better alternatives. Have you a property in Adelaide in mind at this stage. Happy to crunch some numbers for you.

Cheers Richard
richard@fhog.com.au

There is no such thing as a problem. Just a solution waiting to be found

Hi Catichau

Yours is a common problem. Guess thats why the Bank’s created the Limit Doc loan. Stated in the UK in the mid 80’s it is aimed at client’s similar to yourself. Most of the banks we deal with charge the same rate of interest as they would do if you could prove your income. Happy to have a look for you if you want to provide me with…[Read more]

Hi Shezian

Not sure which State you are in but in Qld there are many properties that will provide you with positive cashflow with 100% borrowing. Most of our clients use the additional cash flow to reduce either their non tax deductible home loan or the investment loan itself to create extra equity. Always happy to work some number for…[Read more]

Hi Kelly

Can’t coment about Commercially but I have a couple of residential properties that I have wraped in Biloela. The town has a population of just over 5000 and nestles in the centre of the Callide Valley being the largest town in the Banana Shire. Founded in the early 1850’s it is still rich in agriculture although now a days relies on the…[Read more]