Recent content by vwvroom

Hi all, New property purchase would be over 50sqm. So at the moment first choice looks to be nab as long as my servicibility fits. Thanks all for ur comments Peter

Hi All, Thanks for your replies. Yes I agree I think WBC have a 95% LVR limit to 450K now. So other lenders might need to be a option, I was a bit concerned as I was not an existing customer. I dont have a st george savings account however, We have $26,000 geniune savings, and the...

Hi All, I just recently sold my property, as we were having real trouble re-financing it to fund the purchase of our next property (1 bedroom unit just under 50sqm). With the sale now complete we plan to purchase a property under $550,000 and would like to finance at 95%. Is this still...

Thanks all for your replies. Makes me feel a bit more comfortable at least that my MB is right and can't do much more re-finance wise. Now the decision is, will lending restrictions ease so I can re-finance later. Or do I bite the bullet and sell to put the equity into another investment...

Hi All, I recently applied for a re-finance through westpac to access equity to finance a new investment property purchase. Property: 1 bedroom apartment in Elwood, Melbourne Value: 330000 Loan: 257600 We were trying to apply for a 90% lend to access 39400 equity for the purchase of a...

Hi ralf, Great post and a interesting read. I early this year was in a similar position with westpac. I wanted to revalue however I wanted to find out the valuation amount prior to submitting the finance application. My broker adviced me with westpac you could not do this, you had to just...

My first thought was to gyprock whole wall to create even finish but I was worried about it cracking again. Otherwise unit is in good condition would just need to gyprock 2 bedroom walls. Peter

Hello, I am contemplating buying a 2 bedroom unit that is in need of a renovation. The layout of the unit is good and there is the opportunity to add significant value. However a few internal walls (concrete) are cracked quite a bit (area is renowned for land movement). Is there anyway to...

Hi All,I was initially hoping my original approach would make the seller emotional and accept my offer before anyone else. However they have already let this offer lapse which tells me they do have genuine interest. My only chance now, Jaque and other people agree is to make a offer that I...

Great posts, thankyou. I can see so many positives for the seller this way. I think i will walk away as in this price range 300's I don't think you will end u paying fair market value. Just hope other decide the same and walk away too

Yes I agree with all posts. Dangerous position to be in and no real way to motivate seller to accept an early offer when this promotes emotional competition. This is a good ploy by the agent to get the highest price possible, however still a little skeptical that they would not go back to other...

Hello, I made a unconditional offer with cheque attached at a good price(above asking) on a property that I attended a OFI for on the weekend with a expiry date of 2 days. There was some interest at the OFI however most were FHB. I received this email from agent... "" Thank-you for...

All, Thankyou all for your replies. What a great idea to only render the visible area's. There are only two sides that are accessed. I will see if I am able to arrange a quote myself for the work and present to the BC. It seems difficult to persuade them otherwise. Does anyone have...

Hello, I own a apartment in a unit complex which external walls are painted brick. It is a complex of 10, 1 bedroom apartments and is in a very good Melbourne seaside location. The Body Corporate Comittee have started raising money to externally paint the bricks again. However I think it...

Yes, I agree too I am better off away from them anyway so the exit fee is a small sacrifice to pay for better service, a much lower rate and increased flexibility. I will however still persue GE to recover these costs as I still feel that I should be entitled to it. It will only be a extra...