Unless you are one of the proponents of this end of the boom is different to others, well informed, objective and a long term vision will deliver to those investors solid returns.

The same fundamental rules of investing in property hold true today as they always did and will.

In my experience when I have gone for finance, once you put in your application, you get to a conditional approval stage the bank is satisfied with all the documents and representations you have made on your application. No doubt you would have provided pay slips or letters confirming employment. In 4 finance applications for IP’s, the banks…[Read more]

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=16549

JackHu,

I think its time for you to go away. The same answers to different questions, and the same garbage you are peddling ie your free giveaways. You are doing the same thing on the sommersoft forum.

You add no value.

There must be a full moon?

Knowitall, what the …..? Colbert1982 was simply asking whether he could get an I/O loan with a FHOG. Not an invitation to spruik for your paid advisory service.

Sandyman,

Try this link – https://www.propertyinvesting.com/forum/topic/15615.html

Resiwealth,

Demand and supply considerations are still very much relevant in developments….You just can’t create profit by simply building.

There must be a market for your property (either sale or rental)

the bank has NO interest in your purchase offer or price, only 80% of valuation..so there is no “lower of” as far as they are concerned

There are very few banks today that will take a higher valuation over contract price even after 12 months from the contract date (ie OTP). I have recently gone through this exercise. (I had only three to choose…[Read more]

Ozi, try this;

https://www.propertyinvesting.com/forum/topic/16068.html

If you don’t alredy have a good credit rating , open checking accout at several banks. Find those whose loan officers are friendly and interested in helpin gyou establish a credit rating of through borrow small amounts of money.

JackHu,

Your US based advice is largely irrelevant for Australia. There is no such thing as positive credit records…[Read more]

Gatsby,
I did see Waco: The Rules of Engagement and it is amazing how again, the media is played and manipulated from very pertinent facts, which makes for a very different perspective.

However, I cannot see the relationship with the Catholic Church. Yes they are culpbable of terrible acts of the pedophiles within their ranks and through the…[Read more]

All I can say is that BIS Shrapnel have just revised their 2005 estimate of new housing starts in Australia from 160,000 down to 145,000. They were trailing HIH which had already factored a slump in 2005 followed by a minor recovery in 2006. Now the two are more closely aligned…

Seems to me then that it is getting close to “BUY” time.

A…[Read more]

F, I think you overlook the associated industries that have grown around property related investment. Yes, most are service related industries, however, this part of the economy represents a significant portion of economic activity.

Do not people use their excess equity to also invest in the sharemarket. Many will use these funds with a margin…[Read more]

Has she explored the option of renting out the property. Not sure what rent her property could rent for versus outgoings. Depending the current valuation of her PPOR, maybe debt consolidation maybe an option.

You may need to provide some more information about current house value, mortgage & location…

The reason for pursuing this option is…[Read more]

Why does your Mum want/need to sell?
Other than the home loan, what other debts does your mother have?

F,
Your cheer leading exercise for significant property reductions and ill-conceived public policy recommendations/prognostications does raise the eyebrow but only before I start laugung out loud (incredulously)

Mr Megoleganis is another cheerleader of the intellectual left if you look at his background and writings, however, again his position…[Read more]

Ahhh foundation, you are nothing if not consistent.

As for Kerwyn’s question, I am also looking into finance or at least some information on finance for future purchases in Greece.

From what I have been able to find out, mortgage insurance or Mortgage Indemnity Gurantee (MIG) as it is called in the UK, seems to be payable for deposits less than…[Read more]

For NSW

http://www.osr.nsw.gov.au/portal/page?_pageid=33,63650&_dad=portal&_schema=OSRPTLT

For VIC

http://www.sro.vic.gov.au/sro/srowebsite.nsf/landtax

Anson,

An appointment with a mortgage broker would also clarify what you can and cannot do from a financial viewpoint as well.

Yes, I’m aware of this, however, many investors still use their PPOR as security… which was my point

Not sure if this is the case, but I recently was talking to a mortgage broker with respect to an investment loan, and whilst I don’t have a PPOR, he was recommending that I cross-collateralise one of my other IP’s with this new loan. My…[Read more]

Brizza,

In all my applications for finance (which covers 4 separate lenders – CBA, Westpac, St George & Macquarie), they have all wanted to clarify current living arrangements. That is

Living in own PPOR? Renting? OR are you living at home with parents.