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I think the problem with Watsonia is that a lot of it is close to power lines. How much different is Greensborough or Macleod price wise? You might be better off there if the budget stretches enough. Viewbank is probably going to be outside of your budget these days but has excellent schools...

What I'm saying is that they've already done the valuation. Sharing it with me costs them nothing and benefits me. If I had already got a valuation done and the lender was happy to use it, I'd happily share it with them. :confused:

Thanks for the responses guys. Looks like I will need to go down the valuation route. Anyone got one they can recommend for north east suburbs? And what should I expect to pay? @Jamie - it was NAB. But I've had the same response from UBank (maybe because they're a subsidiary and have to...

Thanks for the responses guys. Looks like I will need to go down the valuation route. Anyone got one they can recommend for north east suburbs? @Jamie - it was NAB. But I've had the same response from UBank (maybe because they're a subsidiary and have to play by the same rules). I thought...

Thanks. Tried that - they're not sharing...

Hi all, I'm converting a PPOR to IP and I'm comfortable with structure of loan etc. What I'd like to know is whether or not I need a valuation for the purposes of calculating the capital gains tax later on if/when I sell. As I understand it, the capital gains will be assessed based on the...

On the same topic, those build costs seem cheap to my inexperienced eyes. I've been looking at building this: http://www.porterdavis.com.au/homes/dual%20occ/westin Got quoted $317K turn key including landscaping, subdivision, site costs etc (excluding for demolition of the shed and...

Hi all, can anyone recommend a conveyancer in north or north-east Melbourne that they've used recently? Feel free to PM me if you prefer. What's the going rate for conveyancing services these days? Cheers, Richard

Thanks guys. Rolf, is PI. Originally was my PPOR (hence was paying extra into the loan).

Hi all, looking to buy my 2nd IP. I have enough redraw in the loan on my 1st IP to cover the deposit and then I intend to refinance both loans such that there is 80% LVR on the second IP (ie by releasing further equity in the 1st IP). Can anyone see any problems with this? (given that the...

Hi all, I have a few questions regarding a potential sub-division scenario. Would love to hear some input from people who have done this before. Details are as follows: Current property is an IP in Preston rented out via a real estate agent on a corner block ~ 500sq m. House is situated on...

I've always wondered how easy is it to rent out in a new housing estate - aren't most people who buy in these areas owner-occupiers? Otherwise I've always thought it seemed like a good idea.

Thanks for the responses. Ian: looks like a project home builder might be the way to go. To get them to do an assessment on my site do they actually come down to inspect it or do they work off the title or measurements I provide them with? I'm hoping to have time to visit some display homes...

My understanding is that you can so long as the IP is "available for rent". <insert usual disclaimer here - see your financial adviser etc>

Hi all. First of all, I'm new here so big Hello to everyone :) Moderators please move if I have posted in the wrong section. I bought my first IP about 6 years back and haven't really done much since then. It's a 2BR house on a corner block in Preston VIC on ~510 sg m of land and I always...