ANZ have not cut rates for Mortgage Brokers – well not mine! They are still looking into it through their New Zealand subsidiaries to determine it’s viability. If they do drop them, I am certain they will quickly bring them back up again as Mortgage Brokers have a lot of places to go for loans.

Macquarie increased rates as a result of the talk…[Read more]

It is basically just another accounting service.

http://www.banklink.com.au

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should…[Read more]

That is not necessarily true. Usually, if someone does not know something and they have no time to learn it, they seek advice from professionals. This is always a good idea regardless how much you read. Talk to people you know who have bought property as welll.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E:…[Read more]

That ia very good to hear. I will see what pans out.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as…[Read more]

I noticed the promo in your signature is gone!!!

[biggrin][biggrin][biggrin]

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and…[Read more]

Try a property trust to park your money or leave it in an ING, Citibank or BankWest account to earn some interest. Keep saving and wait until you have a solid job before investing in your first property in case things go bad. Be patient, you have plenty of time.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E:…[Read more]

I believe if you wait a period of 3 months until the exclusive agency expires, there is no problem. Give your state Real Estate Institute a call and tell them the story and see what they say.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See…[Read more]

We are being dragged back into the days of compulsory unionism as far as I am concerned but we are not getting the representation. They just take our money!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See -…[Read more]

I think it is about the MAPPERS.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual…[Read more]

They are complaining about more tax!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual…[Read more]

Michael, those damn customers… always interrupting!!!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as…[Read more]

In addition to my previous comment, 100,000 if you think it is worth that of course!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature…[Read more]

I would start at 100,000 seeing the 110 bid was a vendor’s bid. The value of a property is the price someone ELSE is willing to pay, not what the vendor thinks it is worth. There is no sentimental value to a purchaser.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE…[Read more]

The idea is not to change the rule to adapt to the market, it is to adapt your buying methods to adapt to the rule. In any case, there is a new 11 second rule but you will need Steve to explain it to you as it can be confusing.

The properties in your example are negatively geared. I find that to come close to positively geared, you have to get…[Read more]

Jan,

There is a technicality that you may have got through on.

If you only owned a property after 1 July 2000 and DID NOT live in it, then you are still eligible. If you owned prior to 1 July 2000, all bets are off.

Destined,

HOW MUCH IS YOUR DAD’S PROPERTY WORTH AND IS THERE A DEBT ON IT?

You really need to give ALL the details to get the…[Read more]

Eddie, sounds good… get a pre-approval and start looking. At least you will be ready when you find something you like especially if you need to move quickly.

GOOD LUCK.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

Comments made are of a general nature and should not be…[Read more]

Originally posted by jhopper:
Robert, I hope what I did wasn’t fraudulent. This approach was suggested by my broker whom I have alot of respect for, and was approved by a major bank and the controlling body for FHOG with all details disclosed, so hopefully I can avoid the can this time!!!

I am sorry to say that any way you look at it, it is…[Read more]

The ATO would certainly treat it as a “profit making scheme”. Your costs would be deductible and you would be liable for CGT at the highest level if you sell within a year.

It sounds like you are from overseas though so I have no idea what tax implications you would face if you are a foreigner.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347…[Read more]

The masterclass was very insightful. I went in there thinking I knew it all like I do at most seminars I attend. The funny thing is that I keep attending seminars because I find that I learn at least one new thing at each one and this is worth the cost of attending.

Steve’s seminar was rather good because I learnt a lot more than one thing. The…[Read more]

I think most prudent buyers will find out when they do a building and strata inspection before buying. Don’t stress about it.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

Comments made are of a general nature and should not be construed as individual advice.

© 2004 M…[Read more]