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My own personal experience in the greater Parramatta area has been that asking prices for units have jumped significantly in the past 2 months, whether this has anything to do with the Sept 30th deadline I can't say. I suspect that the prices will stagnate afterwards for a bit but not fall.

This is just a question about financing in general. I know that lenders valuate a place after you've made an offer but how often does one get a large loan approval made out before any offer is made (ie like before an auction or just for having the ability to offer unconditionally). Is this...

A semi-related question: When a website lists a place as being "under offer", does that mean that its about to go off and they won't be taking inspections / offers anymore? Or is it simply used as a tactic to get people moving? Or can it be both? cheers

There's something I didn't quite grasp from the above postings: So you've got a PPOR and turned it into an IP, if the place has an LMI which is capitalised then it is tax deductible? or is it always tax deductible? Cheers

Long time lurker here... I've been noticing people giving a big thumbs up to just paying for the LMI to save funds for other purposes; my question is how does this compare to LOCs being used to get a 20% deposit? I presume this is partially to save yourself from having to pay the LMI but does...