Originally posted by resiwealth:
resiwealth.com … coming soon

I just noticed this little inclusion in your signature Phil. It certainly explains a lot about why you started this thread.

Is this an attempt at diminishing this website to try and get traffic to your website?

I think Steve started something here that is the most invaluable tool…[Read more]

No. It is not which property funds are secured by that make them deductible. It comes down to the purpose of the funds. If it is used for investment, it is deductible, if not, no deductions.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

There is no “secret”. It is all about education and research and finding the right answers. Paying someone a large sum of money for the “secret” is just a waste of money. You will be better served paying someone to be ‘educated’.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Big Phil,

Welcome back. I guess your business will not do very well if you consider people “stupid” who do not do their own research. Isn’t the whole Resiwealth concept about information and education?

I found this little bit of self promo very interesting…

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“Residential Wealth Pty Ltd is the brainchild of Mr…[Read more]

I saw an interesting example of how zoning did not help a delevoper a few years ago. They were interested in a particular site and submitted their plans within zoning guidelines. Many complaints came in from surrounding residents but one particular complaint saw the development become economically unviable. It involved the casting of shadows…[Read more]

Come on mate!!! Things are very different now. It is a global economy. I strongly believe Australia’s debt levels are easily sustainable.

What do you think would happen if the dollar did drop to levels you were content with? Don’t you agree the CAD would blow out?

I guess it does not matter as long as the exporters are content!

The economy…[Read more]

Having outed the lender Stu, do you agree that HSBC are easier to achieve better results with when applications are submitted through a mortgage adviser?

I certainly find this to be the case with many of the larger lenders.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

HI ACT,

The ACT requires registration of mortgage brokers to write loans for residents. As a result of this expense, not many Interstate brokers register. However, as Simon has pointed out, most of us have colleagues there that we refer to. I believe Simon and I both refer to the same guy – Jason.

As I don’t have his details handy, I hope Simon…[Read more]

They are certainly not common in Australia at the retail level.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I don’t think banks are as bad as everyone seems to think these days. I think they are often misunderstood but this should turn around in the near future.

As many people here know, I have been interviewing for various positions in the finance industry in recent weeks including banks. I was impressed to find out that one particular bank was hiring…[Read more]

The funny thing is that investing is supposed to be treated like a business to be successful. There should be no personal decisions involved. I see no economic benefit of P&I loans on investment properties.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

It can only become binding if the contract of sale is signed.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think I would prefer paying the minimal ongoing tax expense as compared to the large upfront stamp duty expense by selling to myself. Using the property to make additional investments would probably be more beneficial and the rental income would reduce the non-deductible debt fairly quickly before ever being required to pay the tax.

I say keep…[Read more]

If anyone tries to tell me that Campbelltown does not have a bad reputation, I would say they are smoking too much of the funny green stuff!!!

Everyone I know thinks poorly of Campbelltown. Crime statistics support this. Being required to show identification at a club at night to be issued a ticket to be able to catch a cab home also supports…[Read more]

Hey MIT,

Why do you prefer selling your home to buy another when you can own both? Are you content with one property?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think you will find that PRD get the information from RP Data.

RP Data has a reputation for being about 3 months behind the times. The best research is done by following the auction clearances in the newspaper and the for sale advertisements.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think you will find that PRD get the information from RP Data.

RP Data has a reputation for being about 3 months behind the times. The best research is done by following the auction clearances in the newspaper and the for sale advertisements.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

You will still pay tax on the rent from the unit and lose deductibility on the house mortgage. What else do you want to know?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

As long as you have a standard loan, there is no problem with you moving into the home. The bank won’t care as long as you make your repayments on time.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by markbarnsley:

1) Legal costs
Vary between about $600 (Conveyancer) to $1,500 (Solicitor) for a standard conveyance

2) Loan application costs
Average is around $600 for a standard loan.

3) Mortgage registration
Less than $100 in all States

4) Mortgage duties
About 0.5% of the loan amount.

5) Building Inspections
$200-$500…[Read more]