Hi Geoff. These bank vals are much cheaper than if you had to order and pay for them too, and are usually included in the application. EG. A full internal val may cost you $350-400. A bank would not pay that, and usually only do 'drive buy' or short form vals as mentioned – which essentially are based purely on comparable sales (or contract price…[Read more]

I remember a story years ago about a enteprising chap who sunk a large diameter copper cable in the ground around his property under HV lines……and with a bit of tricky connecting, NEVER paid for electricity again – and had the regular line disconnected form his house…….mmmm. True I believe, but for obvious reasons the elec co did not push…[Read more]

Hi Bronte.I guess the end call will be yours. RE .com is for agents, as are many sites, but there ae ones that do owner/private lisitngs (ie owner.com.au) although could be stressful, and not a lot of 'fresh material' on those sites.If it is in tas, Vic, SA west of adelaide, or below sydney in NSW feel free to PM me with more details, and what you…[Read more]

Interesting thread here. might add my 23cents worth. (in no particular order)1) Everyone has to start somewhere, so experience, while important, is not the b all and end all. Unfortunately many brokers are ex bank staff, with a very limted overview of what actually goes on in the industry, having only ever really known one lenders viewpoint and…[Read more]

Qlds007 wrote:
i spoke to NAB Qld State office on a deal like that during the week and they told me Gemworth would not do any expat deals 

I believe NAB use PMI now instead, swapping from Genworth earlier on in the year.

Mmmmm. CHeck out RAMS and you may find that is not such a great idea. They have been quite clear with the statements released to shareholders that the chances of being successful with this type of short term debt are highly unlikely at anytime in the near future, so I could not envisage Centro faring any better…….but who knows. Is it…[Read more]

Welcome to the forum,If you do a search on this, you will find quite a bit has been discussed on the forum already – shoudl help you. The ADF are giving incentives for members to buy their own properties quite strongly, so maybe demand for rental properties and or return will lessen in the future.All the best.

Welcome to the forum Hilly. Your loan cannot be unconditionally approved (formally approved) until you actually have a property, and of course you cannot have a property until you have signed a contract – otherwise it cannot proceed. Depending on the lender, unless you have an issue with the property valuation, this is no drama at all. Most…[Read more]

Boshy, there really are cross securitisation issues with any lender that does such – often without asking you. Avoid it unless you have too. If you are plannign to never sell, or buy more than 2 properties, there is not really such an issue when it biols down to it, but otherwise………..

Yep – keep the loan as a 'stand alone' one regadless of the Lender. There are some terrific 'basic' variable loans available at the moment. Up to 7 or mor e% below the standard rate, without paying annual or monthly fees. If you do not need an offset account, and or are not planning on using redraw (likely the case if it is an IP, and you are…[Read more]

Emil,Please be careful of any private finance arrangements on such a small sum – you may face some hefty establishment and exit fees….enough to make GE look like a registered charitable non profit organisation…….and we all know how likely that is……..You may find family or friends may be interested in helping you out in a business…[Read more]

As already mentioned, there indeed are several lenders happy to split loans and issue statements (for splits) in various names. Please do not however underestimate the seriousness of the fact hat IF you plan to buy more property later, this will make it virtually impossible unless the property is cheap, or you are on filthy high incomes, as…[Read more]

Credit card is the simplest and quickest way (a new one) and it will not cost a big application fee or extortionist type exit fee like the type of last resort finance you are considering. Do the sums, and you will see what I mean, especially if you are only talking 5 grand, and get a low interest rate card. Will save you $$$. All the best with the…[Read more]

Something a lot of people forget, is that if you have Excell, the microsnot website has a ton of free (yes, hard to believe) templates for all sorts of uses, business, personal, expense tracking etc, and of course you can edtit them as you wish.May be worth a look. Just do the old 'File/new/templates/on line and you can peruse to your hearts…[Read more]

Hi Nikki,Interesting first post – glad you have done well.Regardless of outcomes, the 'tall poppy' syndrome' has always been, and is still well and truly alive in Australia.I would be very rediscent to shell out thousands for any courses/seminars etc, but that said, Jamie's 'free book' I read a while back, and it is one of the few (if only) bits…[Read more]

HI Zoe. Everybody is washing the car and doing the lawns! Do you get API magazine? There was an article on Mt. Gambier a few issues back. From memory it was a case of not bad buying long term, and rental vacancy was quite low.  If you want, I can try and find the issue and let you know – you can always otder back issues. All the best.

Foundation……haven't we had this discussion before old china?  Too true!

Guess whos not a virgin investor anymore eh? You MUST get your insurance done form the time your contract is accepted. It is your liability from that time on – well before settlement. While technically it is not yours yet, it will be, and who wants to risk buying an uninsured property that burns down or is trashed the day before you take…[Read more]

V-star, I agree, its not a lot for a finders fee for a great property tht meets your requirments if you have enlisted an experienced buyers agent working for you,  – it is a lot however if you are shelling out thousands of bucks to do a 'seminar' or 'property course to be 'mentored' and inactual fact are being 'conditioned' and 'on sold to'. W…[Read more]

Depends exactly how much you have to refinance it at, LVR wise. If there does not appear to be any long term growth potential, maybe you should bite the bullet and sell. THat is a lot of money to be negatively geared really, unless you are on 50k+ per annum, and own your own home outright…….