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Hi, Just after some general feedback from mortgage brokers as to both the minimum and ideal work / income requirements for a first home purchase. I understand it is ideal to have full time employment, but would any banks consider part time or even casual income if the loan repayments are...

No worries, thanks guys.

Thanks for the replies guys. Sorry Jamie what do you mean by "upfront vals"? Cheers.

Hi, I am wondering what the best method is for getting valuations to release equity from properties in a portfolio? Our current portfolio including PPOR includes 3 properties. Given these are all in Sydney I would like to get them revalued again in the coming months. So far we have...

Just wondered what the process is in regards to finance with auctions? If you win an auction, what is a typical deposit required, and is this needed immediately? With the loan would it be the same as a non-auction sale - i.e. have finance pre-approved? Also what are typical settlement...

Oh really, ok, thanks.

A quick question for developers: would you consider developing 4-5 townhouses on a block, if the block was in a good location, but it had an old, existing, double storey house on the block. Would the presence of the double storey house incur too much cost to knock down to make the development...

great, thanks :)

Thanks Terry, sorry just to clarify, is a fixed trust the only way to have the land tax thresholds in nsw apart from buying in your own name? Thanks.

What is the threshold for trusts for land tax in nsw? Is it the same as individuals?

hmmm yes I understand your point if someone takes legal action against our business as we are both personally liable for all assets that we own....which are currently in our own name....company gives more protection I guess.... but also you have higher accounting fees, more administration, plus...

Hi Terry, Thanks for your replies. Business is a partnership at the moment. We have considered a company but haven't yet really hit the income levels to make this option seem useful.

Hi, My partner and I currently own 2 properties, one PPOR and the other an investment. We own both in our own names (jointly). We are keen to purchase more property whenever we can release equity, which we are now in a position to do again, so we could potentially own many properties in...

Thanks Jon good points, I like it. :)

Ok great thanks for the advice Aaron & Rolf.

Hi, Our property investing strategy is to buy and hold and accelerate wealth through renovating. Currently we own 2 properties in Sydney, worth approximately 1.1M. One is in need of a major cosmetic reno, the other could do with a minor within 5 years (kitchen, 2 bathrooms, floorboards)...

Hi, My partner and I are looking at buying a property to be our PPOR and it has tenants in it. The property is in Sydney, NSW. The tenants have signed a lease which started in January 2012 & ends in 5 months time. If we sign the contract with a "vacant possession" clause in the...

Ok sure, got it, thanks!

Great, thanks for the replies!

Hi, Just considering our IP strategy going forward...we are hopefully close to purchasing our second property (pending finance approval)....in regards to the loan, we were considering fixing part of it (say half) for 3 years and have the other part (half) variable, however does this mean that...