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Unfortunately we are just short on his income only :( Looks like we may not have any option then :|

Yes 50/50 ownership.

Hi all I recently started working on ABN and when i tried to refinance my loan with current bank, they are asking for 2 years of group certificates. I had a bit of gap between last job and the current one so my questions is whether it is possible to refinance with any other bank without group...

Thanks a lot people. Some very informative posts, really appreciate it.

Hi all I have got a question in regards to LMI if i refinance my current loan with the same lender. Current value as per lender: $475000 Current Loan amt: $377000 I need to refinance to get around $30,000 - $40,000 for unfortunate emergency. I wanted to know if i will be paying...

Hi all I bought some land to build investment property. My bank processed the land loan and provided pre approval for building costs as well. When i was about to settle with builder, my bank told me that rules had changed and i had to go to other bank, i got the loan approved and went with...

Hi all Does anyone know someone who does fencing in western suburbs of Melbourne? I will need approximately 38m fencing(1.8 m height) colourbond fence. It's a brand new property so just need new fence installed. Any recommendations? Thanks in advance.

Hi People My first investment property is 75% ready and i thought it might be a good idea to try finding a good PMs to make sure it is rented out without much delays. Any recommendations for PMs in western suburbs? Also, i have no idea how much fees are acceptable so what percentages...

PT Bear, i wasn't aware that there are two set of documents that i had to sign and return. I kept assuring conveyancer and bank that docs had been returned. After spending hours on the phone one day, i was told that second set of documents were sent by perpetual and idiots sent it to the address...

I understand Aaron but my case is way different, $5000 for me is almost like $500,000 for you.

Thanks the Y-man. It's biggest lesson i have learnt all year, wouldn't ever use coveyancer in my life. Too bad the learning comes at the expense of my Christmas, new year, holiday plans being ruined.

I didn't take any advice on number of days and as you said, it's quite impossible to settle within 14 days. I know vendor will use "terms and conditions" thing so i may not be able to do anything but i think it's highly unfair given the fact that someone is trying to buy their first property...

Thanks for the reply guys, i can understand that i shouldn't have waited for vendor to contact for settlement but you can understand that i have absolutely no experience in this. I didn't know how long it should take for bank to send documents, didn't know they had sent them to wrong address...

Hi All I was wondering if someone can help me or give me an advice as i almost suffered a heart attack today.I signed up for a block of land end of last year and was told that settlement is due sometime in September. I paid the deposit and knew loan approval won't be a problem so i kind of...

If i knew,why do you think i would ask?? I just thought there is nothing to maintain until the house is built and hence there shouldnt really be any council charges.

It might be a stupid question but why should we pay rates on vacant land. I haven't yet started to build, settlement happened 4 months ago and i have receieved a bill so is it really normal???

Hi everyone I signed up for a block in Werribee's new Riverwalk estate 8 months ago, my circumstaces have changed and won't be able to afford the payment and loan is unlikely to be approved anyway. Is anyone interested in buying the land?? Block size: 375 sq m Price $210000...

Another option i am considering is to change the contract to my brother's name who is in better position to get the finance (well kind of). If the contract has been made under my name but i want to change it to my brother's name, is it going to cost me a lot as well???

I didn't know i can really advertise especially when settelemnt hasn't taken place as yet but advertising to flip is what i have been thinking about as well. Can i advertise on this forum and what section should i advertise it on??

Thanks PT_Bear. Unfortunately another banking int isn't an option but i will definitely contact solicitor.