PropertyInvesting.com | wealthcreation | Activity https://www.propertyinvesting.com/members/wealthcreation/activity/ Activity feed for wealthcreation. Fri, 17 Apr 2026 16:11:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b4cfa0f0e1c374e391b550a515f895d2 wealthcreation replied to the topic Challenging Valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4407804-challenging-valuation/#post-4678865 Tue, 16 Oct 2012 01:44:37 +0000 Hi all,
 
Thanks for all your valuable inputs.

I got RP Data and Residex report and report from local RE agent.

After reviewing both reports and if I use Residex comparables sales method then the valuation is about 20% higher then the one did by the valuer.

However, I am not sure how to pitch this to the valuer or go to another lender.
The…[Read more]

]]> 683ce28ee9809f000ead8dce5fe32c2b wealthcreation replied to the topic Lower valuation than the purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4406341-lower-valuation-than-the-purchase-price/#post-4667660 Tue, 17 Apr 2012 01:19:10 +0000 Yes, I did change the lender. But the valuation company put the same valuer in both valuations. The valuation systems assigns it randomly and I was advised that I don't have any say or control over choice of valuer.I paid for the valuation report. Very strange to me. I have challenged the valuation with some new data about comparables sales,…[Read more]

]]> ee3717fb59bea61fbad6ed6607817586 wealthcreation replied to the topic Lower valuation than the purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4406341-lower-valuation-than-the-purchase-price/#post-4667658 Mon, 16 Apr 2012 21:30:58 +0000 Hi Menunes,Thanks for your reply. I just wonder if we want to focus on gaining some equity, then going by "on the market" purchase prices of the properties against the valuation outcome. Lender's will consider valuation in future for allowing more lending. Yes, you are right , it can slow down your asset acquisition in a conservative market…[Read more]

]]> 6d22a3bcec07c548f2ce593539c21030 wealthcreation replied to the topic Cross Securitise Or Do Not Cross Securitise in the forum Finance https://www.propertyinvesting.com/topic/4403875-cross-securitise-or-do-not-cross-securitise/#post-4649398 Sun, 16 Oct 2011 12:25:21 +0000 Thanks.

So far I have understood the following steps from Richard’s response –

1. Set up line of credit(LOC) with existing lender
2. After LOC is approved, use LOC for loan application with new lender
3. Demonstrate part of LOC as deposit towards next Investment with the new lender

However, in my case, the order of events is bit different.
I…[Read more]

]]> 8dbecb09bddbc832e6ecb16280b89110 wealthcreation replied to the topic Cross Securitise Or Do Not Cross Securitise in the forum Finance https://www.propertyinvesting.com/topic/4403875-cross-securitise-or-do-not-cross-securitise/#post-4649395 Fri, 14 Oct 2011 13:50:07 +0000 Thanks, Richard.

Yes, it will be a new lender for the new loan.

Instead of “Re-Draw” what is the appropriate word?

Is this kind of Split loan called Line of credit home loan or equity home loan ? Or some other name?

Any online information about these kind of loans ? I am happy to look up if I know what this thing is called in Bank’s…[Read more]

]]> 93217ff5e7fb307b6867d786396529ef wealthcreation replied to the topic Cross Securitise Or Do Not Cross Securitise in the forum Finance https://www.propertyinvesting.com/topic/4403875-cross-securitise-or-do-not-cross-securitise/#post-4649393 Fri, 14 Oct 2011 11:18:59 +0000 Hi all,

Thank you very much for your inputs.

Apologies for a late reply.

I was busy planning for our 2 nd Investment Property(IP).

Update.
I am in the process of purchasing one.

I will not cross securitise. I do not intend to sell but I guess main reason is to have better access to equity.

And the method I am advised is to –
1. Put IP…[Read more]

]]> fde62575f47b9cbae114edd973c2b7a9 wealthcreation replied to the topic Buy an unit in Kogarah,Rockdale about 15 km from Sydney CBD or a house in Brisbane in 2010 ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401448-buy-an-unit-in-kogarahrockdale-about-15-km-from-sydney-cbd-or-a-house-in-brisbane-in-2010/#post-4633737 Sun, 10 Oct 2010 12:48:58 +0000 Hi all,Thanks for your valuable comments.I have started considering Brisbane market. The market is pretty flat now. But I am hopeful that there is a scope for profits, if you buy well-located and right kind of property, considering the next 10 years time-line.Regards,WC

]]> caa7efc9d99ab29ab422513ca3450089 wealthcreation replied to the topic Has anyone bought an IP without inspected it in person?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401091-has-anyone-bought-an-ip-without-inspected-it-in-person/#post-4631210 Sat, 09 Oct 2010 21:58:38 +0000 Hi Buymore,You can also use Nearmap, a new mapping tool in addition to Google maps. http://www.nearmap.com/It is a relatively new tool developed by an Australian company.I think, it is a handy tool for all property investors.The image resolution is nice. Google maps is good for directions, distance calculations, finding places of interest…[Read more]

]]> 4cfea5c697fccb2b8f6e607543763d65 wealthcreation replied to the topic Which state is best to start buying an investment property in 2010 market conditions? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401442-which-state-is-best-to-start-buying-an-investment-property-in-2010-market-conditions/#post-4633707 Sat, 09 Oct 2010 12:30:19 +0000 Hi all,Thanks for your valuable insights. I am reading Michael Yarndey's book. It is interesting and useful.I guess in 2010, affordability is key for buying an asset in any of 3 major markets in Australia.I am also interested to find out about any historical studies done that shows trends in supply/demand Vs affordability in Brisbane,Sydney and…[Read more]

]]> 4ddfa51350cf2ab22d2b7e7e84cfb33c wealthcreation started the topic Which state is best to start buying an investment property in 2010 market conditions? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401442-which-state-is-best-to-start-buying-an-investment-property-in-2010-market-conditions/ Fri, 08 Oct 2010 12:57:46 +0000 Hi all,I am a newbie.I am looking buy an investment property.I often get confused with the news or data /reports showing different market conditions in 3 major capital states and cities i.e Sydney,Melbourne and Brisbane. Especiallly when reports say Brisbane market is flat and Melbourne & Sydney market are hot etc.I am not sure whether to buy in…[Read more]

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