Does banker rhyme with wanker????(Apologies to all those more professional bankers LOL)

I have just looked at a property that i personally don't find very appealing, however, it's proximity to all facilities is excellent and the rental facts and figures show a great return and about 2% vacancy rate over a very long time frame (10 plus years.) Needs some work done to it, just doing the number crunching to determine if i go ahead with…[Read more]

If it was simply a verbal offer, then you should be able to just telephone the agent and tell them that you have withdrawn the offer. if they argue the point remind them that you needed an answer by  today. have you paid any deposit or anything like that or signed any paperwork confirming your offer?Sonya

Hi I was looking to buy in Orange, before deciding to buy in Vicoria. i spoke to a number of real estate property managers and they were very forthcoming regarding which areas of town were the 'better' areas and would have better rental returns, quality of tenants and reduced vacancies.I personally have found property managers in the town or…[Read more]

My friend has just bought a property as her PPOR with a tenant in place, she simply wrote into the contract that tenants are to vacate on X date. She was talking about having tenant pay her their rent until lease was up but after settlement.ie property settles on 2nd May, lease in  place until 16th june, tenants' rent payments are transferred…[Read more]

There is another post on here somewhere saying that if there are more than seven non-related people living in a dwelling then it is classified as a boarding house, rather than a rental property. Then council regs may be being contravened as well as issues wit body corporate if in a unit complex.cheersSonya

I didn't imply that everyone has splurged on properties of $700k or more, i said that those people are the ones who often are the most vocal about rising interest rates. I know that it is not easy to afford property, I personally only earn $55K a year and support myself and three children on that wage, their father contributes nothing towards…[Read more]

I didn't imply that everyone has splurged on properties of $700k or more, i said that those people are the ones who often are the most vocal about rising interest rates. I know that it is not easy to afford property, I personally only earn $55K a year and support myself and three children on that wage, their father contributes nothing towards…[Read more]

Fortunately I don't live in the city!!! I chose to live in the Blue Mountains for 12 years and now live in a rural area. Earning what is apparently a below average wage, however, can still afford to buy my own home and up to my fourth IP in three years. it all comes down to the choices people make. Noone forces people to live in the city and if…[Read more]

Fortunately I don't live in the city!!! I chose to live in the Blue Mountains for 12 years and now live in a rural area. Earning what is apparently a below average wage, however, can still afford to buy my own home and up to my fourth IP in three years. it all comes down to the choices people make. Noone forces people to live in the city and if…[Read more]

Jess, i have found Richard to be very helpful. he is obviously a property investor himself and is helping me to set up a trust for future IP purchases.  i have previously used a broker who sounds a bit like your bank manager, then found a great broker who has now moved into a different area of investments and financing. Now i am dealing with…[Read more]

It may be worthwhile speaking with a mortgage broker to get their input on which lender to go with. They will be able to look at the different products available from a variety of lenders and find which best suits your circumstances.  If you approach lots of different lenders yourself it will show on your credit rating history if you have been…[Read more]

Apologies for my previous post it should have read 'twenty of more years' and  'over extend' rather than 'ever extend'GOM Again, it comes down to choice. Why do people 'have to' live in inner west Sydney? People can, to a certain extent choose where they live. this would be helped even more if the governments and big business put a bit more…[Read more]

Apologies for my previous post it should have read 'twenty of more years' and  'over extend' rather than 'ever extend'GOM Again, it comes down to choice. Why do people 'have to' live in inner west Sydney? People can, to a certain extent choose where they live. this would be helped even more if the governments and big business put a bit more…[Read more]

I can't understand how first home buyers are able to afford loans of $700K+ as seen on a weekly basis, usually at auction. Will these people then cry poor and say woe is me, can I have another FHOG? There was no such thing when I bought my first property. There is a lot of moaning and groaning from people saying they will never be able to buy a…[Read more]

I can't understand how first home buyers are able to afford loans of $700K+ as seen on a weekly basis, usually at auction. Will these people then cry poor and say woe is me, can I have another FHOG? There was no such thing when I bought my first property. There is a lot of moaning and groaning from people saying they will never be able to buy a…[Read more]

Get two or three written rental appraisals. the bank will generally factor this in at 80% to allow for vacancies, some costs such as management fees and rates. ie. rental appraisal of $300 per week = $1200/month (approx) bank allows $960. This is a rough working out. Ohers such as Richard would be able to give you more info regarding the criteria…[Read more]

My mum and dad always had station wagons, with four kids it was mandatory in the days before people movers! I remember travelling in the back sitting on a bean bag!!! No seabelts back there. My twin brother and I used to share a seatbelt in the middle of the seat.How has your property buying gone D? i have just had an offer on three flats…[Read more]

HI all. i have been lookming at getting a  new car for a year now, but i keep buying more property!! having said that i am leaning towards a diesel vehicle, most likely a hyundai santa fe. A diesel gets better fuel economy and soon unleaded petrol will be phased out. (already begun here in my neck of the woods) meaning you either have to buy…[Read more]

At least you won't have the sound of people walking above you, sometimes that can be very annoying, particularly with wooden floors. Are views a selling point? Are you also higher than nearby buildings, therefore offering more privacy for yourself or tenants? negative, if there is no lift is walking up the extra flight of stairsSonya