Thank you all for your responses. The reason for advertising it was that settlement was less than 3 weeks away and the Canberra rental market has been very slow (a house across the road from our home in the same suburb has had the 'rent me' sign out now for two months; other stories I had heard...
Our everyday account only had $758.64 when the $158k went into account in 4 separate transactions ($78k, $50k, $10k, & $20k bank allocation of the loan money). I transferred the money out exactly in those same amounts. No other transactions occurred between them going in and going out so the...
Hi,
I wouldn't mind comments on my loan setup.
I didn't want cross- collaterisation like my bank suggested and came up with this:
1st loan:
Secured against the investment property 80% value (approx. $320k and disbursed at settlement). *
*
2nd loan
Secured against our home equity for the...
Hi,
I am in the process of purchasing an investment property in the ACT with Settlement only 2 weeks away on the 7th Nov 2014. We would like it available to rent 1 week later on the 14th Nov to allow us to get the carpets professionally cleaned and the back yard landscaped.
We have signed up...