Congratulations – you are in a much better position financially than many. With your projected disposable income, within 10 months you can acheive one of the below things.1) Pay your car loan off completely2) Have a 10% deposit for a $140k IP. A bit of skimping here and ther will no doubt allow you both to have 'closing costs' too.10…[Read more]

Might be better off posting your wares on a UK forum perhaps……

I may as well contribute a bit of a summary of the above with a few thoughts…1) Usually people that 'wait' for the market to be 'best', never actually get into it. 2) Re prices – I thik a lot of people are fussy, and I can see a gradual exodus to areas where house are more affortable. It makes sens if you want to own your own home and maintain a…[Read more]

Hi Melbally,As I would suspect, Jon's comments are usually pretty good – and I agree. It's all relative.Areas where housing is more expensive, and vendors have some unrealistic price expectations, have much more 'margin' built into the price for negotiation – than areas where perhaps already the price is at or below median for the area.You cannot…[Read more]

Wizard do not have any loans with an offset account – and nothing spectacular that any of the banks do not. Why would you be worried about exit fees? Are you planning to sell or jump financiers again short term? GE are a mighty big slush fund, but if sold (I heard rumour Mark Bouris wanted to buy them back!) unless purchased by one of the major…[Read more]

I believe the law says that it is false and misleading if the sale price wanted  is more than 10% above the +.Rogues eh?

A lot of this depends on the lender, and your cashflow and attitude to risk. Not many are fixing that I have seen in the last couple of months, whereas prior to that seemd the majority were. IF I was to fix, it would probably be for 2 years. In most cases, a 'basic' type loan variable with no fees would be the bet IMHO. On a larger $ loan maybe…[Read more]

Hi.Generally market has slowed – from a valuation perspective this is true. I say generally – specialised property or innner city etc obviously diferent.The valuations I see do vary, but an example would be house @ $390k in 2005, now $340k.  A lot of people looking at 'refinancing' have this problem – houses worth a lot less than they think – and…[Read more]

The age old debate – both can offer good returns, anf plenty have made a ton of money from both…….but regardless you simply cannot get the same amount of 'magic' out of shares as you can on property. The magic? LEVERAGE. Good property in a good location using the maximum amount of leverage has to be a no brainer over shares.IMHO of course.

Hi Elka – you must be looking into it too deeply – it was just my personal opinion to your question -YES – I can tell you if it is a reasonable feeNO- It is'nt.I was keeping it brief.  All the best.

hey Elkam.  Yes..   No.   

Two things here……first Mel, I did enjoy your API feature…..keep it up and 'good on you'.AND Richard….(QLDS007) Thanks for a bit more 'insight' on yourself, and a good postive post on what can be achieved. One of the most inspirational posts I have seen her. Congratulations to you too mate.CheersV8GHIA

You should probably get out more………bank comparison rates are misleading enough as it is IMHOCheers!

Good on you Cazza – and welcome to the forum.Tax issues should not be too complex with this – after all, it will be your own home shortly. Whether or not you claim any deductions during the time you rent it out is up to you , but if anyone is renting sny house out I have seen and heard enough over the last few years to advise that the two most…[Read more]

Hi extradry. You are under no obligation to go throught with any loan preapproval – if you are not happy by all means get another instead. But as BM W said, on a 'proper' preapproval, you will have a credit check done on you. This does not look good form a lenders perspective, and may jeopordise an exisitng preapproval you have in place. I had a…[Read more]

Boy reeco – you could have all sorts of nutters have some fun with that! How about just do a bit of research, take what you hear on board, whittle away the 'chaff' as they say, and then you make the call.If you could make sure you were only getting advice from someone that has at least one property (!) themselves it might be a bit different.Did I…[Read more]

If you don't plan on selling either or buying any more in the short term, the 'poor mans quick fix' would be to simply split your loan into two – one for each property, althought they will still be 'securing' each other. This would allevaite the booking keeping side. Sometimes to do a 'no money down' deal it can be tempting to cross secure…[Read more]

Hi Stuck@two.Sorry to hear of your situation – difficult time I'm sure.Now, as for Westpac – and any other lenders – this is standard stuff. THe property has to be transferred, and of course the loan is then no longer valid, as it is for a property that has 'changed hands' – ie no longer belongs to the same borrowers. With a court order/via…[Read more]

Hey tuggawaugh. If it's in the hobart area they could save money and sell it to me cheap? Seriously, what sort of $ are they after? Cheers

You worked it out!   Also, I don't think you'll find much CF+ there at all. Even less with the over exaggerated rental return figures, and huge 'finders' fees.