not that different to the website we’re all contributors to is it ? (heh heh [biggrin] ) THe predictable ‘only so many places or deals’ left , with the ‘crossed out; original number, the expensively priced ‘investor resources’ etc etc. ,the links to other ‘sites’, the $4000 value for only $895 but wait now only $295 type waffle….Ah, cynasism is…[Read more]

Just to clarify, in case we misunderstand the idea of direct salary crediting, and how interest works after Daciums comments –
Lets take your example of a 300k loan. Now imagine an extreme situation where you are paying a huge 1/4 percent more on your loan (unlikely if you have done a bit of shopping around) but it allows you direct salary…[Read more]

Hi Matt E – you negotiator you! [biggrin] The mortgage simplifier is a nice basic fee free loan product, good interest rate, and you just saved yourself $300 their usual loan switching fee.. Well done and congratulations on your deal. All the best.[strum]

Hi Matt E – you negotiator you! [biggrin] The mortgage simplifier is a nice basic fee free loan product, good interest rate, and you just saved yourself $300 their usual loan switching fee.. Well done and congratulations on your deal. All the best.[strum]

Hi Devo76. I think regardless of what happens as far as roads and other infrastructure, there is some good growth potential in both Nowra and Batemans Bay. The property valuations for the area I ‘may have’ seen recently indicate that the pricing has plateaued and has in fact started to make a bit of a recovery. There is also a bit of first home…[Read more]

Ahh….controversy! Just add my 14cents worth in point form…
– Remember – Check the comparison rate! Introductory offers that capitalise interest and loans with high monthly fees will have higher ‘true rates’. – Paying for features such as an offset account or free redraw is useless if you are not going to use that feature, as it will cost you…[Read more]

Hi kenlea. You are correct. Unless you have the deposit in ‘cash savings’ already, you will of course be paying interest on the deposit. Usually, this is accessed via a line of credit or loan split on your existing loan, and kept sperate ‘for investing purposes only.’ All the best with your journey. [strum]

Talk about ‘delayed gratification’. Each to their own of course, but to have a car that is comfortable, reliable and you could jump into and drive anywhere tomorrow is essential for most people, especially business people. Personal too. You can buy a reasonable car for 15 grand only a couple of years old. Does not mean you have to buy a new one.…[Read more]

Hi Lisa. I did a bit of looking into this a while back, and after printing out and reading a heap of material from the ATO, while of course it may be open to interpretation, a roof repair, as long as it is that, which may involve replacement of all sheeting, and keeping old gutters etc could be justified as such (check yourself, don’t take my word…[Read more]

hi katz, and welcome to the forum. Sorry, but that info and theory is virtually irrelevant and redundant. A minority will disagree to make themselves or their ‘property buying proweress’ appear superior to everyone elses, but all those figures and scenarios are now years old, and pre boom and slump. Don’t worry though, property is still the…[Read more]

Hi Julie …..those Kelly boys sure can drive that’s for sure! The book of Margaret Lomas I read this in was the newest one, called ‘The Truth About Positive Cashflow property.’ (Where she has a go at all the seminar spruikers etc etc. I found it was a good book to help me ‘balance’ things a bit, particularly that ‘unless you take plenty of risk…[Read more]

Hi Julie. HDT pretty much came to an end in 1988, when HSV took over Holdens’ ‘performance’ division after disagreements with the late Mr. Peter Brock. Having ditched my long love of Holdens around the VT Commondore era, I am more interested in Tickford, and of course their ‘evolution; into Ford Performance Vehicles (FPV) now…oh wait – ahhh…[Read more]

Perhaps to clarify, and of course as a generalisation, with Mortgage insurance (LMI) the borrower pays this if the loan is more than 80% (yes, there is the very odd exception) and if not, we all assume that there is none. What actually happens though, and is usually the case with some ‘non banks’ or originators, is that there is actually still LMI…[Read more]

Hi, and welcome to the forum. Good on you for having more than half of your own home paid off and some excellent equity! [exhappy]Just one thing I must mention that is more important than a hoard of IP’s on their own, is to consider two things. 1) Is that what you want, or would you prefer to keep your home and buy a cheaper IP using the equity…[Read more]

Hi Johann, and welcome to the forum. Good on you for getting an early start. re your loan, I’ll bet you’re glad you fixed the interest eh? ING have an excellent fixed interest loan at present, and if yours is like the current one (check first) you can pay up to $10,000 per year EXTRA of your fixed interest loan without penalty or charges! Not very…[Read more]

Hi Nadia. A Griffith girl perhaps? Yenda? Good on you for getting into it again. Should have a little equity I imagine. (Used to live in Leeton, thus I recognise your number from one of your other posts) Nothing wrong with aiming high, but depending on what you have in mind, there are plenty of options. Queensland, SA, and Tassy are all popular…[Read more]

Hi. If he owned the property or was a joint owner (ie had a share or interest in the property, by being on the title) it is a no no. It is a first home owner grant, which he would then not be. [strum]

Hi. Other than the fact that it is overseas, which can make management difficult I think ‘Unzud’ makes great sense. No stamp duty is how it should be here too! Of course you need to research or ‘know’ an area if you want to minimise problems and maximise growth, but you have to do that here to. Have not got any over there, but goal is for one more…[Read more]

Hi Bez. As Simon said (should say Simon mentioned really, but ‘Simon said’ sounds better [biggrin] ) you will find juggling the deposit amount really does affect the LMI amount you pay. If you can get your LVR less than 95% , which requires a deposit of anything over 5% it will drop your LMI down a bit. Unless you are a first home buyer with the…[Read more]

I’m sure there will be plenty of lenders /brokers who will only be too happy to help you with a lo doc of that size. Obviously you will get much better rates and support than with your current arrangement.
You would be surprised how competitive someone like Bluestone Mortgages is on Lo-doc loans with <80% LVR. …better than a few of the ‘big…[Read more]