Recent content by Electro

Thanks for the replies. I guess there are a few things: 1. I wanted to check if there was indeed an new official rule or if they're just trying to minimize their risk, generally speaking (or just be stupid). 2. I honestly thought this would be pretty straight forward. Hence, me not...

Hi all, I'm in a bit of a predicament and need some advice. Basically I've got a loan of approx 490k on my PPR with NAB on a choice package and IO 5 years. I initially got the loan through a broker just under 2 years ago and getting the IO option was not an issue. Now, I want to split the...

If properties are selling fast and selling close to or higher than asking price its a sellers market.

Do NAB have a blacklist?

Hello and welcome. There is A LOT of info here and 95% of the time the questions you might have have been answered before. The only advice I can offer is to have a search for the info you need before you post. Good luck!

Based on the figures you've provided I believe $650k should be no problem. If you are serious about it, I would suggest you get a mortgage broker to run through the figures and strategies with you. There are a few good brokers on here which I'm sure some will recommend here

Could of been a nickname but still one as is #1 would of been a little more positive than zero

Thanks Tools, any idea of cost per m2?

I've made an equiry to the BC managers of an apartment I've just bought, regarding laying down floating timer floors. They have sent me their approval requirements and one of the things stated is that: "Timber flooring systems must have a minimum 5mm Acoustimat ® (dense rubber sound absorber)...

I'm in the process of applying for a loan of just under $500k with the NAB on their Choice package. This will be the only loan I have at the moment. Because of this post, I've asked my broker to ask the NAB nicely if I could get a discount of greater than the 0.7%. What are my chances of...

Didn't banks make record profits during the height of the GFC?

First I don't think whether it's a brick or weatherboard house will have much weight on its rentability (is that a real word?), I would think the no. of bedrooms, condition of the place, size, practicality of the layout etc will have more of a bearing on its rentability... As for the first...

Without knowing details about your relationship with your sibling(s) I would say it would be an ok idea provided you agree on all things mentioned by the earlier posters before hand. Provided you both are clear that this is an investment and as such it should be treated like a business and that...

I've been to the Budget dinner before which was held in Melbourne @ Crown. I think it was about two or three years ago. I believe this years is on tonight. Good food. Many exec's were sitting on my table and it was interesting to pick their brains after the presentations. If my memory...

I couldn't have put it better myself. I've held my tongue on this issue but it's good to see other see it the same way as I do. I am so sick of this free money mentality we have got in society now. It hasn't change since I can remember (i'm in my 20s). I have no issue giving my hard earned...