Search results

  1. G

    First time buyer work / income requirements

    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...
  2. G

    Valuations - go through broker or organise myself?

    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...
  3. G

    Auctions & Finance

    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...
  4. G

    Developing on a block with existing double storey house

    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...
  5. G

    To use a trust or not?

    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...
  6. G

    Strategy for portfolio review

    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)...
  7. G

    Buying NSW property as PPOR with tenants

    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...
  8. G

    Fixed vs variable for new IP

    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...
  9. G

    Cross collaterizing 2 loans plus P&I vs IO

    Hi, Just wanted to get some thoughts on the following situation my partner and I are in: Purchased 1st home (sydney, nsw, now becoming IP) in 2010 415K, interest only loan Loan Currently 332K Wanting to purchase second home (also in sydney, nsw) soon, valued at around 500K - unsure...
  10. G

    Valuation on St Clair Sydney property

    Hi, Can anyone recommend a residential property valuer for the St Clair area (Western Sydney, NSW)? I know I will have to check with the lender to see if the valuer is on their approved list, but for now does anyone have experience with an independent valuer for this area? Many thanks.
  11. G

    Double Carport Cost?

    Does anyone know what the approximate cost should be of a standard colourbond style double carport to attach to an existing double garage? We haven't got any quotes yet I just thought it would be good if we had a rough idea of cost before getting quotes. Thanks.
  12. G

    Repairing broken ridge cap on roof

    We are looking at an investment property to buy, and we have noticed a broken ridge cap on the roof. Before this we noticed a slight mark on the ceiling of the house on the inside, almost directly under where we spotted the broken ridge cap on the roof, so we think perhaps this broken ridge cap...
  13. G

    Outside Entertainment Area support posts

    I am a little concerned about a property I am looking at which has an outdoor entertainment area / awning which is attached to the property, but only has one support beam on the side that is not attached to the property. I would have thought it should have 2 or 3 support posts and I am...
  14. G

    Determining Price: Land Size vs House Age

    I am slightly confused about the price of properties on the market in western Sydney where my partner and I are looking to by our first home. Here are the factors I am having issues with: 1. Are newer built houses worth more than older ones even if the older ones have been renovated (eg 7...
Back
Top