Recent content by jusnliz

So we are about to reduce our PPOR VLOC to $5. We have an IP worth $245k ish with a VLOC of $206k. Current rent $280 pw Have had preliminary drawings done for a 1 lot subdivision with 2 units built. As I don't know of any local brokers with IP interest and am not sure which loan setup...

Considering I have lived in Bendigo all my life, I reckon I would have been nabbed my the men in blue for the same offence. I wasn't aware that there was any one way road there. Mind you I think I have only done the Central Deborah thingo once in all my life. As it is very much a tourist thing...

Would i necessarily have to subdivide into 6 blocks? I thought maybe only 3 blocks with 2 units on each block. Banks usually only lend to a maximum of 2 dwellings on each block. Could anyone tell me of their headaches with owning/selling more than 1 dwelling on title. Value of 2 dwellings on 1...

Is there a time frame to build on a site once subdivided if you have submitted plans to council and had a permit approved?

Thanks Wylie I have spoken to a mortgage broker on the forum, hoping for a solution. I have been giving some more thought to it . What if..... a kind relative 'loaned' funds to pay out PPOR (interest would be paid to this kind relative but the banks wouldn't know this ;) ) So I guess no...

Just got off the phone to CBA I was told they couldn't help me due to DH and my income. So I guess the only way to finance subdivision is to use LOC on PPOR PPOR may one day become IP. Cannot rent where we live. Everything is snapped up straight away. Have considered the idea of...

schweedy, I was planning to hold the units long term

?? Cheap Is it? All very new to me. Planner/surveyor has just rang and said I can come in and grab the concept drawings later in the week..he hasn't been out to the block yet to measure, but did walk around the block with me a couple of years ago. I should expect he will be asking for a...

About to delve into the world of subdividing...we hope. DH $46k Me $15K Kids 9,5,9mths PPOR owe $50k value $320k $46k redraw LOC IO loan CBA IP owe $195K value $230K Plan to subdivide rear of ip into 2 blocks suitable for 2 & 3 br units Don't expect subdivision to cost...

I have always "assumed" BV was always betterthan weatherboard houses. I have only ever lived in bv houses but now I am wondering what the real differences are. Could people please enlighten me? Are they colder in winter - hotter in summer? I assume their maintenance would be more time...

Fowles Auctions. They have a shop also, though not sure in Brisbane

Would you leave asbestos if you knew it was in the buildings?

Just wondering how much LMI I would have to pay on $175000 loan. 100% loan. I'm guessing different banks have different rates etc. Liz

I have inquired about a house today, which is quite cheap and a bit ugly. It seems to have rooms joined on at different times and does "look" a little odd from the outside. The REagent seems to be trying to deflect me away from this house and point me at more expensive homes. He said there a...

We put 70% of our nett income to investments/savings. DH & my incomes added together probably add to one average wage. PPOR is considered an investment as well as IPs. IP is fixed rate and IO, so paying off more of PPOR while awaiting another bargain:D . We look at tax refunds as just added...