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I'll be there. Regards Paul

It's an option. We've just done a loan for a client where they had 12 townhouses. They had the one builder do all 12 but they sold off 7 to individual buyers as land and construction packages. That meant 7 individual home loans. Then we arranged 5 loans for them spread across two lenders...

What is the reason you will not get the 90% loan? - low income, high expenses, credit defaults? Maybe there is some way to address the finance issue? As the property is in Melbourne you are in better shape than some other areas of the country as nomination of the contract in whole or part to...

Sorry to ask another question but there's no point repeating what Aaron_c said. When you say "units", are you talking about an apartment building being strata titled or townhouses on separate titles at completion? Might lead to something creative .. not sure through. Regards Paul

Hi Duel, Two questions. 1. How many units are you building on the land? 2. Do you currently own the land and have a mortgage on it? When there is a small number units you can get a home loan type of product. These can be higher LVRs. I've done over 80% loans. But they are based on...

Hi Operative_me, Yes I think the resale or secondary market potential of NRAS property while it's still receiving the NRAS Incentive is an interesting question. We haven't had any experience yet of people on-selling NRAS properties that I'm aware of. It will be interesting to see if...

If you have not lived in the house owned by the trust then it's an investment property and you should still be eligible for the FHOG. You can own an investment property and still be eligible for the FHOG as long as you haven't lived in a house you have owned.

As usual Euro73 makes a lot of sense. There is a lot of ill informed comment about NRAS based on general mistrust of anything the government is involved in. I'd recommend don't be put off by these people - do your own research. I ran an NRAS seminar in Sydney this week and one of the...

You have to do it annually. Regards Paul

Unlike most other legislation introduced by the Government Tony and Co. voted for the NRAS legislation. So did the Greens. It's unlikely that NRAS will be removed if the Coalition win the next election. Of course they might make the odd change just so they can say they've made it better and...

I know a lot about this as we are both selling and financing NRAS property from various Approved Participants and developers across the country. Not all NRAS property is the same. Like the general market place some vendors will try to over price their properties. Once you decide NRAS is the...

No contest - iphone is so far ahead of Blackberry. I have everything synced between office and phone - email, CRM, blog, Facebook, Linkedin, Skype etc. Plus all the apps are great for business and personal use. Could never do this properly with Blackberry. We always had hardware failures...

I can't see any major items that will effect property investors. I'd be interested in other's views. For those with properties in company structures the decision to not reduce the company tax rates will be relevant. For non-residents owning property in Australia there are some income tax...

The Federal Government’s Budget 2012 announcement has the National Rental Affordability Scheme (NRAS) on a steady-as-she-goes course. After last year’s budget significantly adjusted the timing of the role out of NRAS properties, this year’s budget reaffirms the Gillard Government’s commitment...

Do you still have your rates notices from the period concerned? If you have the rates notice from 16 months ago and from 2006 you can calculate the movement between the two dates. Match the rateable value from 16 months ago to your sale value and then project the value back using the 2006 rate...

With the government providing an estimated $119,833 tax free to property investors for NRAS property investment, it is an opportunity that anyone looking at a buy-and-hold property investment strategy should at least learn about. Onyx has been educating people about NRAS investment for nearly...

Hi Jeff, Rpdata and Residex are research houses in the property market providng this information. They have "public data" access for which you can pay for reports. However companies like ours who work with property investors on finance and property strategy have access to these data sources...

Hi Rolf, It's a while since I last looked at this strategy but last time I looked at least one of the big 4 was doing this type of loan. For our collective knowledge I'll check during the week if this is still the case. I know you're not keen on this approach because you've posted about it...

A side point here. You talk about investors doing IO loans. In my view all borrowers should be applying for IO loans for as long as possible (and as Rolf said 15 years is available) unless they see a P&I loan as some sort of enforced savings method. IO only loans: 1. Keep your monthly...

I had a client with a similar situation. The property passed into his name as executor and then tried to finance it with one of the banks to pay out other family members. They also had some issues agreeing on a value for the property. I think you should agree on a methodology now rather...