Recent content by MSB

Thanks. Have checked www.sellmycastle.com.au and it seems to be a good site to compare the agents. Hasn't anyone got IPs in Caroline Springs? Can people recommend any names to manage the IP in Caroline Springs? Thanks

I would like to get some recommendations for a Property Manager in Caroline Springs. Currently my property is managed by YPA and I am not happy with their services and would like to move it to someone else. Every month I had to call them to credit the rental money as they tend to delay the...

count me on Please add me to the list. I will send PM to you with my contact details.

From the ATO publications I don't see any limit with regards to the number of years. There is no mention about 4 years. The text clearly states that the interest paid on a loan taken out to purchase an empty land with the intention to build an investment property is tax deductible. So it has...

When I visited the sales office the land price for a 400sqm land was about $175K. Unless you know a builder you may find it difficult to complete the house + land + fees within $320K for a 4 bedder. You also need to pay $850 per annum for the body corporate to maintain the Activity centre...

Yes it is applicable to VLOCs. I have 4 home loans and 1 VLOC. Was getting 0.7% off for a loan of 690K with 80% LVR (as of last year). Told them about a great offer from CUA. After that I was referred to the retention team. Then talked to ANZ and NAB. CBA retention team called me and asked...

Does the premium on LMI vary significantly between lenders? My CBA manager told me that they get good discount from Genworth due to bulk requests, hence the CBA clients pay less in premium compared to other lenders. I did a calc on LMI at the CBA site and the value shown is slightly lower...

Do they offer the same 95% LVR to buy land with the intention of building within few months time?

Hi Adamco, I agree that there are many new land developments in an around Brookfield like Botanica Springs, Riverina etc. But you should know that when developers release new land they also increase the price of the lot by atleast $5K, so artificially inflating the price. These increases...

I didn't proceed with it and got back my deposit. VicUrban has to allocate about 90 properties for NRAS which would be managed by Urban Communities. Again, NRAS is not housing commission, but those properties would be offered at a discounted rate. I was a bit worried about the number of...

Thanks for all the advice. After buying IP1 with one of the lenders, I will tell the other lender about the new purchase and they can assess the assets and liabilities again. Why should I get into unnecessary trouble!

I have a question with regards to pre-approvals for my next IP. I have pre-approvals from both a credit union and non-bank lender with 95% LVR + LMI. When the second lender inquired CRAA they have mentioned about the inquiry from the first lender. I wanted to make use of both...

Thanks Kesse. I have decided to buy a house and land 3 bedder + study with 2 bath + double garage for $290K in the Riverina estate. Based on my research I don't think I would go wrong with this IP.

I would go and buy at Brookfield which is next to Melton South. You get new houses and can look for good deals around the $300k mark with good depreciation. There are two new estates - Botanica Springs and Riverina. Toolern development should increase the value of this part of Melton. Metro...

Brookfield in Melton Guys, Has anyone bought an IP in Brookfield in Melton. There are new estates like Botanica Springs and the location is great. It is closer to the freeway and train. Many new houses are between $310K to $350 (3 to 4 bedroom). Based on my research I think there is will...