Recent content by demoneyez

Is the below scenario possible. Be approved for a 95% loan based off plans ect Get 5% of funding to help pay the developers 10% deposit requirement. Get other 90% of properties value when property is built and ready to settle.

Finance should be ok as I am young, on a good income and can get assistance from family if needed (Guarantor). Worse comes to worse I can go halves on the property with my partner but that is as a last resort. Also pre-approved (not that it means much) In terms of valuation dropping if the...

Not much, similar sized property across the road recently for about 10k cheaper then these are selling for however it was probably 5 or so years old. With 18 months of growth + il save another 10% it should be enough buffer. Will have a 20% buffer + growth + equity from growth on other property.

Unfortunately I do not have all the funds now which is why I was wandering if using a personal loan would be feasible to close the gap.

Unfortunately the developer is not accepting bond for this project. Only bank guarantees and cash deposits. The personal loan will be well and truly fixed up before settlement.

Hi all, Currently I am trying to purchase an off the plan property which requires a 10% deposit (or bank guarantee) Unfortunately I recently bought another property so I only have 30k in savings when I need approximately 50k. Once the deposit is paid the development should take between...

This group has done some major developments such Q1 on the Gold Coast and the Palazzo Versace building. Recently in Melbourne they have taken to doing townhouse developments. I am considering purchasing one off the plan but thought it couldn't hurt to check here to see if anybody has any...