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    Creative Finance/Finding a Broker

    Hi Marty, Thanks for that. It's good to know. We saw a property today that the agent said already had offers on it. It's the first property in the 3 months of hunting we've seen that's at least a 9/10, and we want to make an offer very soon - before my wife goes back to work. She met with her...
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    Creative Finance/Finding a Broker

    Thanks Jon, Yes, you are missing something - my ignorance. ;) I thought having read property forums for a couple years, that this was possible, but difficult. Clearly, I had no idea that this was pretty straight forward for most brokers. I will look around this forum for a broker who works...
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    Creative Finance/Finding a Broker

    Thanks for the response guys. It's fairly clear I do not understand how this works.... So, I want to avoid pulling out any money from the PPoR loan as interest on this money is not tax deductible. So how do I tap "equity" from it without allowing the bank to secure the investment loan...
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    Creative Finance/Finding a Broker

    Hi Guys, I don't think I've posted since I last bought a property in 2009! But since you're all good company and give great advice, I thought I'd step up the game and throw more challenging questions at you. It's a very long story, but I'll try to boil it down as much as possible...
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    Finance Advice

    Certainly looks like a risky move, although has anyone considered that: 1. She would get around $300-$350 in rent (guessing from purchase price) 2. The difference between rent and repayments could be negatively geared, assisting cashflow? Personally, I wouldn't do it. But if I was somehow...
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    Separation / Divorce - Property issues

    Having one of my closest friends as a family lawyer, and having worked (as a volunteer) as a relationship counsellor, I would say few things are as cut and dried as they always seem, and there are very few hard and fast rules in divorce and family law. I'm not saying this relates anything to...
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    Hypothetical. August, 2033.

    Great thread. Funny, because this is what a group of mates and I were idly talking about a couple weeks ago, guessing what the world would be like towards the end of our lives - so more like 2060-2070 than 2033, but scale aside, this is similar to what we see happening as well. I think what...
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    Would you hedge right now?

    All the answers above are consistent with my understanding and the way I use the word. Most the time for me, I use it as a short term insurance against a long term position. For example, I have funds in an Index fund that have very low management fees, but a pretty large entry and exit fee...
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    Would you hedge right now?

    Those are my order of preference as well, (hence why I listed in that order). But as Tess said below, after the last 18 months, I'm cautious about a pullback. Interest rates were at 50 year lows. Surely that's gotta bring forward some demand. Govt stimulus was at record highs - especially for...
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    Would you hedge right now?

    Hi Tess, thanks for your answer. I've been here a while with 227 oops, 228 posts! I asked a LOT of questions when purchasing the apartment we're living in now! The apartment will never become a negatively geared investment property because it's in my wife's name and when we move we want to...
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    Would you hedge right now?

    A quick question with a VERY long background. I hope people have the time to read this. My wife and I bought an apartment at the end of last year and live in it as a PPOR. We're wanting to upgrade to a house in about 5 years time. We currently have about 200k of equity in the apartment...
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    world wide financial crash will it make property cheaper

    Is that a bit low? That would make a house returning 400/week rent, cost $173k Where would you find a house that returned that high a rent that cheap?
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    sound proofing floors in a unit?

    Unless they've changed the standard by-laws, kitchens are exempt from requiring sound proofing: Bylaw 14: (1) An owner of a lot must ensure that all floor space within the lot is covered or otherwise treated to an extent sufficient to prevent the transmission from the floor space of noise...
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    Have we hit the peak of the market

    I think housing follows the old "A person climbing stairs playing with a Yoyo" adage. That is, the yoyo goes up and down somewhat unpredictably, but in the long term, the trend is always up. How can it not be with rising disposable incomes and increasing population? While you can't predict...
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    Does this offer letter sound reasonable to you?

    I might wait a month, and maybe increase the offer $5k, and as you said, make it absolutely clear it's a final and best offer, rather than have a bit of wishy washy language. In the mean time, there are some apartments around $420 that are a little nicer that if I could get down to $390, I'd...
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    Does this offer letter sound reasonable to you?

    The offer was actually rejected, they want $390 minimum. I told them I would talk it over with my fiance, but most likely will be making other offers before considering making a counter offer. If I make a counter offer, where should I go from here?
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    Does this offer letter sound reasonable to you?

    Thanks Propertunity, I agree your letter is much more formal and is much clearer in conveying my points - even to me! Faxing off now! I have set a longer date for the offer to be treated, because I know the vendor is currently in London. Other than that though, I'm using everything else.
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    Does this offer letter sound reasonable to you?

    Hi All, After a massive absence, I'm back and asking for advice! Could anyone give me feedback on this offer? I know the usual process is to slightly lowball and come up, but after inspecting 12 properties including one other rejected offer, we are kind of keen to just get an offer...
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    Making an offer below the asking price

    I want to know that too. I've seen an Offers over $480 sell for $450, and another offers over $495 sell for $535. Yes the $535 was actually substantially better, but I thought it was actually closer to 15k better, not $85k better. I'm going along with what people have said here. Figure out...
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    Rejected Today :(

    Isn't it usually because every failed application gets recorded against your credit file, and too many rejections will be noted when applying for new loans? My old boss had questions raised when he was asking for a 700k housing loan on a 350k income. Why? Because when he first moved to...
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