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  1. Corey Batt

    Adelaide Meeting 3.0

    Hi Melissa, everyone has moved over to - all the same people still active. :) No meetings up as yet, but I'll be sure that one is setup soon!
  2. Corey Batt

    Interest only with an offset against PPOR

    The new changes actually make interest only a negative for the majority of lenders - as the serviceability is instead calculated on the remaining P&I period, ie, a 25 year loan instead of 30. There are some non regulated lenders which will still accept actual repayments for their calculations...
  3. Corey Batt

    ANZ loan redraw question

    You shouldnt have too many problems with that chunho, the equity release just needs to be put as for future property investment use - ANZ's policy is pretty flexible with this. Once released you can do as you please, placing it in redraw/offset etc.
  4. Corey Batt

    Peoples thoughts on Adelaide?

    Not a fan of the train line at the rear of the yard - and neither would lenders/mortgage insurers causing long term problems when you go to refinance/draw equity/sell.
  5. Corey Batt

    Peoples thoughts on Adelaide?

    Lenders take the lower of the valuation or the purchase price so you can't pull that off unfortunately - it does mean that after a few months you can draw out any equity gain however which may get you onto the path of buying your second property (a common strategy a lot of my younger clients are...
  6. Corey Batt

    When did NAB change it's lending policy to reflect APRAS direction?

    May 12 - sounds like someone might have been telling fibs.
  7. Corey Batt

    Lending market changes in 2015 ? looking ahead, what?s next?

    Based on the current regime (and the previous), aiming for a 10% deposit + costs (90% LVR) provides you with a much more cost effective finance structure, and allows you to grow a lot quicker than 95% LVR purchases. Whether or not there may be LVR caps imposed in the future below this level is...
  8. Corey Batt

    Lending market changes in 2015 ? looking ahead, what?s next?

    Really dependent on lender - heck theres some which will allow 15 years off the bat if you can service adequately.
  9. Corey Batt

    Finance on smaller block of units

    There's a very small handful of lenders who will even touch HDT's anymore - consider the risk moving forward should this restrict even further. Discretionary/Unit trusts on the other hand aren't a problem with most of the lenders.
  10. Corey Batt

    Just bought something in what?

    Hold the contract until such a time as he can complete - 0 holding costs investment. ;)
  11. Corey Batt

    Finance on smaller block of units

    Can get 90% LVR resi rates with the right lenders. This is to the max of 4 units on 1 title. Have a chat with an investment savvy broker who can guide you with the right lenders, instead of being in the dark. :)
  12. Corey Batt

    Adelaide suburbs of interest and infrastructure

    Hey Amber, You'll find some mega threads on Adelaide already which have been running for years: Plenty of info to be gleaned from these resources, amongst others!
  13. Corey Batt

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Well under market. You can expect 240wk for standard properties -270wk or upper end renovated properties. Depending on the supply at the time, you can get 250-260wk for a basic house when theres minimal listing.
  14. Corey Batt

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I own some properties on the streets around that property - they've done quite nicely in both rent and CG. Theres a fair few redevelopments happening in the surrounding area which is only helping things along. Overall looks like a decent purchase if you're getting a 7.5% yield.
  15. Corey Batt

    21 day settlement possible?

    No fat in there for delays - 30 days is open to lender muck ups creating very tight situations. Don't forget not all people require a loan to purchase, they can have a large LOC available or cash. Alternatively if its the right State they might be happy just to go overtime and wear the...
  16. Corey Batt

    Commercial property in Wagga Wagga- SWOT

    Great to hear you've had progress with their Geoff - even if it's a slow clawback, much better than a hole where the expenses keep growing.
  17. Corey Batt

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Did they laugh when they saw your offer included vendor finance? In South Australia VF/installment contracts are heavily restricted and for the most of it completely unenforceable.
  18. Corey Batt

    Future party leader

    Pyne always used to annoy me more than anything until I actually met him - and found him to be a genuinely interesting guy who was in favour of being anti-PC and a fondness for being a ***** stirrer. I very much doubt he'd go for leader considering it wouldn't allow him to continue being his...
  19. Corey Batt

    Is there a way for landlords to join forces and boycott kmart?

    You were right all along fullylucky!
  20. Corey Batt

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Sure it's certainly possible, but the market doesn't value it well. I've seen quite a few examples of people doing such developments and losing quite a bit of money. Battleaxe developments certainly can make sense in supply constrained areas, but this isn't the case in Elizabeth SA.