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Type: Posts; User: PT_Bear

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  1. Replies
    7
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    2,241

    Hi Marc, Long term I think you'll do fine near...

    Hi Marc,

    Long term I think you'll do fine near the South Melbourne aquatic centre. I lived in an appartment near there for many years and it's a great area. This was one of the first areas in...
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    894

    In the last fortnight Westpac and then CBA...

    In the last fortnight Westpac and then CBA dropped their 3 year fixed rate to 6.49%, which IMHO makes them one of the best options available at the moment.

    The Wizard and other similar deals are...
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    1,626

    Mortgage periodical newsletter

    The current issue of my mortgage & property related newsletter is now available. Topics covered this month include:

    Basic guide to investing in real estate
    Renovating your own home
    Fire saftey...
  4. Replies
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    2,241

    I've seen this a little, as there have been...

    I've seen this a little, as there have been several valuations come in lower than expected for a few clients - even lower than the council valuation!

    I don't think it's as bad as the article...
  5. Replies
    0
    Views
    841

    Mortgage periodical newsletter

    he current issue of my mortgage & property related newsletter is now available. Topics covered this month include:

    Basic guide to investing in real estate
    Renovating your own home
    Fire saftey...
  6. It's not supprising that NABs market share of Lo...

    It's not supprising that NABs market share of Lo Doc is less than 1% - their product is not very compeditive.

    The ATO is activly trying to persue those who don't declare income then use a Lo Doc...
  7. Thread: Investors Club

    by PT_Bear
    Replies
    6
    Views
    2,291

    The Investors Club will sell you a property and...

    The Investors Club will sell you a property and do all the work for you. They make it very easy.

    The problem I have is that their advice could hardly be called independant as they're also acting...
  8. Replies
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    1,719

    Dave I think you've run into the major downside...

    Dave I think you've run into the major downside of cross collaterlisation. Whilst it makes it easier and sometimes cheaper to set up loans initially, down the track it can cause real headaches and...
  9. Replies
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    2,845

    An excellent tip I once got was go talk to the...

    An excellent tip I once got was go talk to the rental agents. They will be able to tell you what is and is not in demand in certain areas. This will help you ensure the risk of vacancies is...
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    2,087

    If a lender needs to recover money from a...

    If a lender needs to recover money from a security property overseas, it's very difficult, messy and expensive.

    The easiest way to invest overseas it to release equtiy for cash, then move that...
  11. Replies
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    That's basically what happens whent he government...

    That's basically what happens whent he government tries to do things which influence the market. The biggest loosers in this will be the renters, as the vendor tax forced landlords to increse rents...
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    1,522

    I think affordability is a cyclic thing, as...

    I think affordability is a cyclic thing, as similar sentiments were expressed at the peak of the 80s housing boom. 5 years ago, prior to the recent boom, the media was saying, 'Housing has never...
  13. Replies
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    1,342

    I can't speak for NZ, but in Australia I'm not...

    I can't speak for NZ, but in Australia I'm not aware of any lender who will take this as serviability, because you need to be able to pay the loan even when you don't get sick or die.

    Also...
  14. Replies
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    1,466

    Most people purchasing into wraps have...

    Most people purchasing into wraps have circumstance where they can afford a property, but they cannot meet regular lenders criteria. A wrapper would be stupid to sell a house to someone who can't...
  15. Replies
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    2,087

    I should clarify, the vendor tax was only...

    I should clarify, the vendor tax was only applicable in NSW. No other states have introduced this tax.

    It's worth mentioning that stamp duties and land tax are a state tax in Australia, not a...
  16. Replies
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    2,087

    Bob Carr left his successor a political party...

    Bob Carr left his successor a political party facing little chance of re-election. I think it was probably on the agenda already to remove this tax, but he wanted to give his successor something to...
  17. One thing I will add to this is have a look at...

    One thing I will add to this is have a look at exactly what you get charged for. CBA is charging on transfers to external (other banks or borrowers) accounts, but they're not charging on internal...
  18. Replies
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    2,065

    I've gotta agree with Nigel on the student accom...

    I've gotta agree with Nigel on the student accom for inner city Melbourne - almost zero lenders will finance it and generally for good reason.

    I do know of some people who create 'student rooming...
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