Derek- Agreed!

The property itself is fine, but due to how the bank perceive the risk ( which are created by THEM!) it make these unit’ pointless in term of capital growth and a headache in term of resale.

But one just has to look at the VIC market and can see the bank is getting it SOO SOOO wrong, there are so many new development ( ie the…[Read more]

Richard good work on the private lender- a shame Yorknxy did not take up your recommendation! Yorknxy – i financed a 23 Squ meter student accommodation in VIC ( echo apartment) only last week..yes it was a private lender. But Yorknxy to be honest reading your post; i think im to scared to touch your loan!!<moderator: delete personal comment> But…[Read more]

I been able to get it waive because it was a “strong deal”…anther then that; i dont think they would.
But they should considering the another 3 majors are doing so…

Regards
Michael

My post was NON advice…being a forum we can only  give ideas and options….but yes as Jamie mentioned it may or may not suit everyone including Keiko's need..If you want personzliaed" advice"- email / call the right people ( accountant, MB, FP…)RegardsMichael

If your after a "couple " of purchase..for wealth creation etc…You can:1. Buy one at 80% LVr2. Do some reno- and after  6-12 month it should go up in value if thje right area is bougth and the right renovation are done- get it re valued….hopefuly this takes your inital LVR down to 65-70%LVR3. Top up the loan,…and use the extra funds to…[Read more]

NAB and westpac —-will be paying for any exit fee with you refinacne over to them – up to $600-$700At this point in time, a LOT of banks  NOT just the big 4's are  offering no establishment  fee! its crazy- but in a good way…competition is  alwasy a good thing for the consumers. RegardsMichael

Thanks for that Jamie! …the good old "adviser" i find they tend to put a subjective view on the information they post up- RegardsMichael

Yes def interest only for the IP- impove cash flow first then when your in a position to – reduct your loan amount later on…

But since your living OS- yes it”s possible to borrow but not all lenders accept ex-pats ( im guessing from your post your a ex-pat?)
So something def worth looking into before you commit your self into any contract or…[Read more]

CGT = Rip off

Great post by the way, good idea!

regards,
Michael

Ummmm us brokers get it directly from the bank; im not sure if there is a website that has regularly updates on these promotion.

But im sure if you ask a broker for regularly newsletter update or even Forwards! most will be happy to help.

Regards
Michael

I prefer to use pricefinder (PF) price estimate tool; its more flexible and personalized- you can adjust how you think the comparable sales are compared to your target property.

But yes due dilligence still need to be carried out.

If you want a PF report i be happy to provide one for free go to-…[Read more]

michj wrote:
Hello All18 months ago my partner and I purchased a property using Keystart finance. As our combined income was too high to finance through Keystart we were forced to put the property into my name alone. We have sinced moved out of the property and are leasing it out. We have also had a child and i'm on maternity leave therefor…[Read more]

You can do it as a 95-100% guarantor  Loan. After 2-3 years when you get home re-valued hopefuly it has gone up by 10-20% then your parents can be removed from the guarantor loan.RegardsMichael

willister wrote:
Hi,I'm pretty much in the same boat, only difference is being in Melbourne. I think with commercial property, biggest difference I felt vs residential is that the vacancy rates are much higher and longer! It's up to the 7th month mark and I have analysed everything that has "gone wrong" with the property and put it in the best…[Read more]

I say the agent is not doing this job!!  or the owner is stubbornEnd of the day – ANYTHING can be rented really as scott mentioned. it just depends what price is being offered.RegardsMichael

Fair enough….i learn something new everyday

Regards
Michael

Yea valuation for this sort of property is such a ROT!! sigh….

Regards
Michael

I give you a general guild on what you should be doing NOW and thinking about doing later on—

Before you start: Research that DOESN’T cost a thing- only time

1. Do your basic research – would they sell? how much? and how long? how much time are you willing to dedicate to this ( get experience R. agent involved)

2. Get your finance underway-…[Read more]

Monty1 wrote:
Hi folks.
Sorry, complete novice here and wondering if I could get some very broad stroke/ball park ideas on what we might be up for if we were to consider subdividing our block.

I haven’t even had a chance to work out our exact measurements, so they too are ‘ball park’……

We are in the southern bayside suburbs of Melbourne…[Read more]

Easy to say; but not as east to execute!

Researching something 1000’s of KM away is not as easy as one can imagine, let alone trying to researching where in your OWN bank yard will go up and is a good buy….

Cheap, does NOT mean it’s a bargain.

Regards
Michael