Going back to the original question….
A few things about your opening post.

1. Trust will actually reduce your borrowing capacity ( as you cant use negative gearing) – but def a vehicle for asset protection/ income diversification and land tax etc..

2. The good old “foreign” investment trick is a fraud in most cases…pretty much…[Read more]

LVR: 75-80%
Term: Up to 15-20 years possible with 3-5 years i/o
Rate: Sub 5.20% Variable or fixed from 4.85% for 3 years

In fact the bank can come on as 2nd mortgagee as well…so does’t matter to much which lender your Security guarantor is with.

Normal rate.

all with 100% offset ( not ness a portfolio loan as such) and not your online banks…but big- med size banks.

Generally bank commercial valuation can range from…[Read more]

So balance out the options…def sit down with an accountant and work with the 4-5 different scenario and work out which one has the best outcome for your situation.

1. $15,000 cash grant for new proprieties ( can be completed just never sold), off the plan, vacant land ( lay foundation within 12 month of settlement) – till Jan 2016…

After Jan 2016 it drops to $10k

2. Second grant is the Stamp duty waiver or reduction for first home buyers buying vacant…[Read more]

1. Smaller apartments under 40 sq meters generally requires a higher deposit – 30-40% in some cases, depending on the location…so this is one reason why it may sit on the market for a long time as really it’s targeted for cash up experienced investors.

2. Rental yield is important but Capital growth is equally if not more important…[Read more]

If you wanted to stay with CBA, consider a lower cash out and than increase it later when you find a place…not idea but not much you an do now if the credit assessor has…[Read more]

1. If you go past 80-85% LVR ( ie your 90%) the use of funds MUST be proven either form
– Sale contract
– Letter from accountant/ financial adviser
– Quote for renovations etc..

At over 80-85% your limited to Max 20% of the…[Read more]

1. Contract as a PAYG still
2. Contract has a self employed via a ABN

+ How long is the contract for – 3,6,12 month etc..

I have a feeling the property you…[Read more]

Never presume.

But if your file is still pretty bad but yes…[Read more]

Most of our flip clients who’s doing this now full time ( flipping 2-3 properties per year ) had to go through a 12-18+ month planning stage. As the only way to get this across…[Read more]

Northwest, South and inner west generally ok – like Dundas etc..
Some western areas- like penrith, Wilmot etc..average increase is around 60% of the total cost to build…and we are talking about re-value 1 week after build not 12-18 month later etc..

Development is like a business…it all starts with an idea and as you know 90% of small business fail in the first 2 years and the that one makes it; only 50% make it past the 5 years mark. All good that you have all these ideas and business plan written up; but…[Read more]

If it’s an indirect channel than ABL has a $20,000 credit card they can provide to your friend for any short falls at home loan variable rates for the life of the loan.

2nd option is to get a copy of the val and find out where the valuer is depreciating the…[Read more]

1. You DO NOT need a guarantor loan….that’s just stupid as you have a PPOR worth $950,000 and your gonna tie this down to this IP…no way- Cash out the 20% + Stamp duty and apply for a SEPARATE free standing loan with a diff bank using the CASH equity as security.

2.…[Read more]

But as Richard mentioned; if your unemployed ( Under 50) and your using rental income only to service the loan;
1. Not all lenders will allow this as your def high(er) risk
2. It will be approved on a case by cases basis ..based on your LVR, overall portfolio, risk buffers, age and your…[Read more]

You have the deposit.

Example:

Existing home worth $400,000- with loan of $100,000 against it ( called property 1)
Want to buy a new property valued at $800,000 ( called property 2)
– get the 20% deposit ( $160,000) + stamp…[Read more]

Sit down with a broker ( as they will have access to multiple banks + no credit hits) and obtain a free quote an recommendation on your situation.

Cheers

Generally speaking Macq is not known to take on foreign income it’s even in…[Read more]

But i would not advise you apply to every single bank and hope for the best as this would trash and kill your credit file; even thought the list of banks accept RMB it doesn’t mean they would…[Read more]

Regarding Westpac- They do accept RMB.
In fact most lender that accepts foreign income would accept RMB, as china is the largest foreign investor in Aus.

You have over 11 bask that would…[Read more]

As mentioned you can refinance back to an I/O terms or back to 30 years etc..The only risk is that it’s depends on the lenders approval in 10 years time- i have seen plenty of case where the borrower is close to retirement age and the loan flips over…[Read more]

1. Approach a aggregator and they will refer you one of their members for mentorship

Or do the reserve ( recommended) 

2. Approach a broker who you think you can work with + believe you can learn off or aspire to be – Ask them if they are willing to be your mentor and you will join his/her aggregator group ; if you don't ask you will…[Read more]

Cross collateralization is more common when business finance is involved and on some rare occasion commercial finance.

Since these are  just  standard residential…[Read more]

Min 20% return for any development IMHO

Purchase cost: $280,000-
Stamp duty + softcost: $10,000-
Build cost: $650,000-

Subtotal Basic base cost: $940,000-

Selling new 3BR townhouses = $410,000+ each x2 = $820,000???

I haven't even included;
– interest ( holding cost)
– Marketing and selling cost
-…[Read more]

– 4 bedroom
– 2 levels
– 2 Bathroom
– 310 sq meter living space
– Project builder.

I had 4…[Read more]

OTP has it's place, especially for units, so yes even though you can't choose the design it make sense especially if your buying a unit – imagine if a developer is building a 100 unit project and all 100 owners wants different design, that would be a nightmare! as the builder need to maximize the space + apply for council…[Read more]

Example: Homeside has a good serviceability model, however they do credit score…
Suncorp don't credit score but has a average serviceability model

^ easiest option is to get a quote from a builder/handyman etc…
But it doesn't hurt to do some of your own research on cost as…[Read more]

If the market is…[Read more]