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August 16, 2010 - 4:51 am

thanks for that and i wasnt overly surprised about them pumping up their rates but i didnt know they could refuse to offer any fixed rates

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September 29, 2009 - 8:39 am

there will always be a reason to wait,there will always be unpredictable factors … maybe prices come down …but maybe interest goes up very soon…maybe there is more to the subprime desaster and we get hit by a deeper crisis again …maybe the population will double over time ….

if you are ready ,go ahead and dont look back , its better to concentrate on the task at hand and work out how to go about it now in the best possible way and not waste time considering ifs and buts … not very professional but my personal opinion …

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April 3, 2009 - 2:37 am

sorry,no offence…it depends where the box is, i assume … although it seems if you get one for 65k-85k in Brighton there could be a capital gain in it, since they have been sold for 150k + … could be a really great buy , i have no idea …i guess,i worded my question a bit tough… might be the best buy ever ,low price ,low maint., good cashflow and high cap gain …i dont know,thats the reason for my questions why anyone would puchase a bathing box …

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April 3, 2009 - 12:45 am

i dont get why anyone would buy a bathing box … 150k + for a box on a beach and if global warming continues you can take you box home when its flooded ??

can anyone explain ?

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April 2, 2009 - 11:57 am

you obviously make the purchase subject to finance not the sale …sorry

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April 2, 2009 - 11:34 am

i think you make an offer ,to see if you and the vendor can agree on a price… you can do this without any written statements , just tell the agent iam offering 200k and i would like to make the sale subject to finance /building report…the clause will be incuded by your lawyer in the contract,make sure its included before you sign the contract…you always have a cooling off period ,length depending on state, in case it all went wrong ( doesnt apply to auction conditions)

as long as you havent paid a deposit and signed a contract you dont need to worry …make an offer thats very low and see what happens ,maybe they dont accept and you have to make another offer , good practice

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December 1, 2008 - 5:40 am

loan ranger wrote:

well, looks like that's happening. Every existing GE deal I have under 80% will be getting refinanced to the new FirstMac 3.99% product. It's a no brainer.

is that so??? …i just got told by my wizard branch, its all business as usual right now …no First Mac refinancing …the 3.99% seem pretty good but would be only only for a year  ? whats after ?

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November 29, 2008 - 7:10 am

because when i first saw development company building in the area, i assumed that must be a pos. sign, they would only invest in an area, they consider to have rising demand for properties

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November 29, 2008 - 6:51 am

sure they are after profit and they probably bought the land cheap and didnt spend that much on developments, compared to what they are looking to achieve on sales but as i stated above ,from my point of view it must be pretty difficult to find buyers because there is no real  incentive to buy 450k properties in that area…

from what i gather now, it doesnt matter to some developers where they buy as long as the land is cheap, they will always find someone to buy the overpriced shiny new houses

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November 28, 2008 - 8:38 am

not sure if i understood your question properly but a low doc loan means low documentation …there are various types but has nothing to do with the deposit amount …

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November 28, 2008 - 6:54 am

thanks Terry …

thats great !! altough i do find it unusual, that the government doesnt put any restrictions on how the money is used ….then again the baby bonus has supposedly supported heaps of companies, that sell plasma tv's and noone has ever questioned that …

iam happy to be able to get the grant paid out and use it for another deposit or cover outgoings

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November 28, 2008 - 6:35 am

good point matt  thanks…..going to buy a cheap prop-house and land, not just land to build on,planning to hold on longterm, hopefully without to much outgoings and noticed av jennings developments around and not that its my problem but i cant for the hell of it ,figure out how av jennings is going to sell heaps of 450k properties in the same area houses are barely sold for less than half the price because there is nothing around to attract people to invest or move there ….the numbers wouldnt stack up for investors to go cashflow pos if you pay 450k for a house, let alone capital gain and i dont know what people would do re work in a small town if they look to move there , apart from retiring ….thats was prompted me to ask the question what developers generally base there choice of area on but i guess only av jennings could answer it and they are probably able to sell these properties with some shiny add…nothing against av jennings got no clue if they are good

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November 28, 2008 - 3:29 am

i know the numbers have to stack up for the developers …price of land, return etc but they wouldnt choose an area that has no real growth perpective ? just because the numbers look good for them but they cant sell in the end

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November 28, 2008 - 3:16 am

does anyone know if the FHOG can be cashed in if the property gets fully financed …

meaning if i get a loan for the full sales price can i ask to get the 14k paid to me personally…i'd like to buy and have a back up in cash as well …or do they require this money to be used for the property …i could pay my interest from it

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August 29, 2008 - 4:42 am

if you are not desperate for the money, you can even lend him half the purchase price for a certain amount of time and get the interest payments on top, at nine percent its not a bad deal … i'd say either way get a lawyer to set up a contract but its not unusual at all …Craig Turnbull has written about deals like that in unlimited cashflow …when times are tough its a great way to sell and make money

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April 30, 2008 - 4:28 am

hey , Iam definitely not a guru but I know a single mum with a similar income, who has bought a prop…

surely you can do it !! You would need a bit more money for a deposit ,I assume they would want 15% of the prop value  but why dont you call some loan companies and enquire about possibilities and go from there

dont buy 300-400k places, look for something really cheap to get in …mining towns are still booming

I think its great ,that you are interested in building your future and not just  spending ….dont give up

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April 30, 2008 - 4:01 am

interested in replies you'll receive< iam still very much a novice myself but  … seems like alot of outgoings to me ….thought the idea was, to have props that make money ,maybe negative gearing, at some stage for tax reasons, if you receive
to much $$$ from ur investments but it doesnt look like it right now …anyway if your main concern is your PPOR you may be right with what your doing

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December 19, 2007 - 1:29 am

wow, congratulations !!!! and I still havent opened a trading account damnit

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December 19, 2007 - 1:27 am

wow, congratulations !!!! and I still havent opened a trading account ,damnit

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December 7, 2007 - 10:32 am

thanks everyone, just got informed about the situation… might work out all right , the tenant seems to be pretty decent and just got into a terrible situation …no rent owing yet , still got the bond , property is advertised 'for rent' and tenant is going to move out next week

since there is no money owing yet I havent heard anything about an administrator,will see

I ll check out the link, always good to know what to do …agree however bad`the story is, I ll not make it more difficult for the tenant, just for the sake of doing so but its a business not a charity 

re tribunal order , the agent said the tribunal mentioned its pretty hopeless to chase money and try to insist on the one year lease until I get a new tenant  but I assume I could get an order if my LLI requests one ,will check as well

cheers alex