Recent content by Redwood

Hi there - Risks of OTP - well there are many. Refer to earlier posts which have them covered. Quick points: 1. Review the contract carefully, look at the terms of the contract and review plan of subdivision and compare that to the brochure that has been presented. i.e measure the real...

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I have a Malaysian Broker that works with me - credit rep here in oz with a ton of experience in Malaysia, let me know if you would like his contact details by pm. Certain he can assist. Cheers Ivan

Still suffering a perception problem with the population, however it has caught up in the last 12 months... I love footscray, however I am seeing apartments now up to $7500 per sqm with no car park when 12 months ago you could secure a 1br for $300k at $6500 psqm with a car park. I'm...

Re the OP - are you asking to live in or to invest? Had a bit of a laugh at a few posts. For investments - I would not touch Brunswick, and for living would not live in Heidelberg but would consider investing there for sure. Clayton is a awesome place - as is Noble Park and Springvale but...

No they are old houses....there have been a number of them - one was 800sqm and sold for $2.57m. Its insane - I was just at one on Waverley rd (wheelers hill) which got passed in (brand new porter davis house) - only bidders were chinese. By the way 54 Monclair sold for $5.1 million in Dec...

Hi Sneak - Congrats first on looking outside Sydney. I would not buy in Brunswick, way to much oversupply in this price range. Footscray has become very popular in the last 12 months with apartments now selling over $7000 psqm and most one bedders now do not have a car park. Love...

Indeed they are Cong. Oakleigh has a significant amount of development and Hughesdale is closeby. I'm always looking for townhouses in the hughesdale/ clayton area so please let me know if anyone is selling. Chaddy is a interesting beast, you can still get some affordable property past...

You have had houses within 1 km of GW central sell for $2.5 plus. This is smack bang in the middle of GW so I believe this one would be worth $3-3.5m - then take account of the fact that you can add 10 stories to it. Will be interesting to see if the buyer was an international buyer and if they...

None of the links work? Back to Footscray, I am a huge fan of Footscray. Can be measured as less than 5km to the city with excellent public transport (trains and buses) and good rental yields. In the 1 bedroom space you are able to secure a one bedroom for around $6500 per sqm and lesser on 2...

Hi there, There is no minimum balance in a SMSF, it really depends on your investment strategy. In the above example, sure it can be done, however with the buffer, forget about the lender, worry about the member, the buffer will need to consider the following: 1. Does your rent cover your...

Hi there, Given its an established property you have more options. La Trobe will not do a 80% lend unless special approval obtained and the rate will be 6.99%. Bank of Mel may be your best bet at 5.45% with offset, given the value of the purchase you will need to meet their...

I don't mind this policy update by St George at all Shahin. For some time, SMSF Lenders have implemented a 'loose' criteria for minimum balance which can easily be influenced. Personally - I recommend any SMSF should have a sufficient buffer after purchasing property, 10% is a minimum if not...

NAB's SMSF product was a joke - they had an internal legal team who would just make things difficult for clients, and after dealing with them you surely would not go back for seconds and at least $2100 for the experience. They are the only lender where we cannot contact lawyers direct to resolve...

Its not really the apartments - that boom has not started yet - just Ikon went up and the new ones will be double the size. The chinese started moving years ago, the fragment of chinese community brought everyone here, paying ridiculous amounts for old houses to redevelop (without FIRB...