Shane,

Which areas do you prefer in the Campbelltown area? I saw a few in Eagle Vale that were well priced but some comments re the demographic didn't give me a lot of confidence. However I do have a realistic expectation of the area (i.e. I don't expect the packers living there).

Regards

Shahin

Costs and outgoings are going to vary so you really need to look at the net and not the gross.

Regards

Shahin

Excellent and don't forget depreciation.

Regards

Shahin

The mortgage document is a legal and binding contract between you and the bank. The mortgage documents reflect the loan itself and many other things. Therefore, the loan and the mortgage documents are always the same and cannot be different. 

Your question may be geared towards asset protection more than the finance side. You may want to get…[Read more]

I can only talk about Holroyd and Kurringai Councils. There is no way the council will allow you to remove the tree unless they are somehow damaged or dying trees.

It may be different with Campbelltown council. Does the council have information on past tree removal applications?

Regards

Shahin

Good idea about adding colour and it won't cost you an arm and a leg. However make sure you keep the landscaping as low maintenance as possible. 

Congrats also on the purchase – I think there are some good buys in campbelltown considering units are going for the same prices as houses.

Regards

Shahin

Yes it is. Firstly what was the reason for the 2 banks rejecting your application and secondly please don't keep applying if you are not 100% sure of a successfully approval. All you will be doing is killing your credit file.

Regards

Shahin

Where abouts is the property? I would keep landscaping costs to the absolute bear minimum and spend that money on the interior. Also look at keeping the landscaping as low maintenance as possible.

Regards

Shahin

Yep it has been raised each time the government has changed and Gillard herself said that it is extremely unlikely that her government was going to abolish it. It only took a couple of years for Hawke and Keating to bring it back.

Regards

Shahin

What outcome are you trying to achieve? Do you want to own (title wise) a property under all 4 names? 

There are a lot of questions so that we can get a better idea of assets, outgoings, income, etc. It will make sense to find a broker that has experience with these scenarios so they can tell you whats doable and whats not.

Regards

Shahin

So the PPOR you purchased in Oct 2011 is now an IP and you have moved into another PPOR. Is that correct? If so whats the debt on the PPOR?

Regards

Shahin

1. Set up costs (including the entities for a purchase) = Approx $3k
2. Lender Upfront Fees = Approx $2k

I normally deal with the Dragon for SMSF because its simply has the best product and lenders are slowly catching up. Just note that if you go with St George they lend at different LVR's based on the Trustee entity. 

Also be wary of the…[Read more]

Hi Scottsdale,

What do you specifically get out after the hour? Is it an investment strategy, cash flow analysis, etc?

Regards

Shahin

What's your definition of high yield? Are you talking about net or gross yield and what about capital growth?

Regards

Shahin

Those areas are still going nuts to which you ask yourself why am I paying $380k for a house in MD?

Regards

Shhin

What the broker has said doesnt make sense but im going to give the broker the benefit of the doubt. The only thing I can think of is that you are using the property as a rental property and thus the rental income and once the valuation comes back – they will say that it is unrentable or it is noted that there are detrimental impacts to the state…[Read more]

It is still quite strange considering it is new.

Regards

Shahin

I don't have experience building units only villas and houses but that aside there are a ton of things that you may or may not be up for. Also certain items could vary – for example site costs could cost you anywhere from $10k to $120k.

Regards

Shahin

That is really good advise. You need to understand not only the demand on GF's in the area but also the type of GF (1 bedder, 2 bedder, or even a 3 bedder).

Regards

Shahin

Hi Susan,

I have received and responded to your email. There are 2 other lenders that have that policy – I normally use Westpac for these types of scenarios as they tick a lot of boxes whereas the other 2 don't (Admittedly one of the other lender is not available via the 3rd party channel). 

Semi is not an issue but there are half a dozen…[Read more]