Recent content by ker

Hi all, Was hoping for some help/advice. On a mixed zoned property in Melbourne near city that is currently leased by boat sales company what is the max LVR I could get assuming full doc loan? Price expected to go for $1 million. Property can be developed into resi apartments also in...

Thanks everyone for your thoughts and feedback to date... Its helpful to consider. I share this account with my partner so if our posts are different or we sign off different you know why. I think I will get him to sign up on is own :) on another note my partner said to me that the service...

Hi All, Was just doing some of my own research of the current proffesional packages. They all seem too offer the same benefits ie discounted rate, fee free credit card, other product disconts,etc all for an annual package fee of between $340-$395 with rates ranging from 5.04%(NAB) to 5.21%...

Thanks Kristine for you very clear explanation makes things crystal clear! :) Was just confused because lenders seem to offer diffeent offset accounts or from reading some other threads the difference between interest only and P & I and how affects your actual repayments where 100% offset...

Hello all, I am a little confused with respect to 100% offset accounts and how how much money you have in your offset account affects the monthly loan repayment assuming I'm on P & I repayments. So say I have a loan for $300k P & I at 5.21% my reapyments on a 30yr loan term with no money...

Hi Peter, Thanks for your response. Just to clarify she intends it to be owner occupier from the outset, but will eventually convert it to an investment property when she moves BACK to Sydney could be years or could be very quickly if she cant handle the Melbourne winters! :) You raise...

Hi all, I have a friend who is moving down to Melbourne in a few months but is wanting to purchase something now to take advantage of the grant but also coz she was intending to buy anyway. She is from Sydney so doesnt know Melbourne too well other than what her friends there tell her :)...

Thought this may be of some interest to people here. http://www.asic.gov.au/asic/asic_pub.nsf/byheadline/07-21+Sydney+man+charged+over+interest+free+home+loans?openDocument

Hi First Bruce, What you say is correct to a degree. A caveat on its own can be a bit "flimsy" but if the borrower has agreed for a second or 3rd mortage to be secured by caveat then in the case of the borrower defaulting you can then register your mortgage. Caveat lending always commands...

Hi all, I frequent the forums often but rarely have time to post :( I'm a property developer and caveat lender msyelf. As Joanak has mentioned these things can happen as a property developer due to many reasons, however, Aikido did mention that they still had two months worth of work to...

Hi all, Was hoping people could shed some more light on Warwick in Qld? Is it a good area to invest in? What is the main industry there? Employment? Vacancy? Yield? A family friend of mine who is a developer reckons it is good value and potential for long term capital growth. Also...

Hi Brains, If you really are fed up with the service and incompetence of Westpac then all the other banks offer competitive/comparable proff packages rates and fees. Just to give you a brief run down( let us know if you want more detailed info on any?) of whats on offer: CBA - Mortgage...

Hi Brains, What type of property is it and what is the purchase price? If you are really desperate to secure the deal then why not use a deposit bond? This can be approved within 24 hours! Or, do have any friends/relatives/investors who would be willing to lend you the money?? I...

Hi Kevin, Interesting arguement and numbers you put forth concerning Mike's split loan scenario... I have a few initial thoughts regarding what you have said but way too busy to respond at the moment. Will do so as soon as i get the chance. regards, Darren

Hi all, Interesting thread developing here on the topic of split loans... Loved your post Mike. Very logical and when put into perspective it's hard to see why you WOULDN'T adopt this strategy, regardless of the ATO's current appeal to the high court! The reality is that the benefits and...