Search results

I was a similar situation as your friend some time ago , I basically used the debt payment as a bargaining tool and had creditcorp agree to remove the default upon payment of the debt. This worked for me for a $14,000 default from CBA which they also discounted about 50% if I remember...

Thanks guys for the replies!! Tobe , I totally agree with your comment regarding ego ! I cant bring myself to buying a super expensive car as the money could be used for property but we do need something reliable for the kids and wife. Should I assume that every $250 a month on the car...

Hi all , Thanks in advance for any input I may get as my question is a vague one but I will try provide enough info. I would like to know how much car finance may impact our current borrowing limit. We have a PPOR due to be finished being built in 4-5 months . Loan of $292k , vallued...

OK Thank you Rolf and others for the advise . Brad

No they did not give me a copy . After re reading the email sent from Suncorp they say my LVR would now be 95.14% ! I just feel like they have done comparables on different size blocks or something to that extent. Is it heard of for a bank to val a block that far below its purchase price ...

Just a quick question regarding a recent valuation I just received from Suncorp . We paid $152k for a block of land in Arnolds creek , Melton West in July 2010 , it is 640sqm block and was valued at $185k by 2 real estate agents at the end of last year . Our valuation just came back at $130k...

keichang !!! Thats the sound we make when the cash register closes and we make some cash !! :cool::cool:

Tobe , That is not harsh , just good advise thanks ! Kesse , Thanks for the reply . It makes sence . I think as it is not over important I will just use savings and leave the credit card for now . Thanks again guys , Brad

Thanks Aaron, Do you think it is worth trying somewhere else that may have easier lending criteria ?

Hi all , I do apologize as this isn't really a property question ....well its purpose is related :cool: Hoping someone can shed some light on something . I applied on line last night for a Bank West credit card and got a "knock back " and No explanation when I called them this morning . I...

Thanks guys , we got unconditional approval and managed to lock in at 6.14 for 3 years . Brad

Just wondering if anybody else has this info ? My Mortgage broker told me this today in attempt to get me to rate lock now as we have finance pending a valuation . Apparently they will raise 2 & 3 year fixed rates by .25% ... Brad

Hi Tom , If you can do the fitting yourself then I can recommend AWP (Arrow wood Products) . This is the company I work for and we are a benchtop and door manafacturer in Tullamarine and Dandenong . Its almost always cheaper to remake everything as most places that I know of would not peel...

HA HA HA HA !!! While I have no comment on the actual product I thought that was funny as hell . :p

Hi janiyaha, I dont know if this will be of any help to your situation but my wife and I were in a very similar situation last year . We were looking at our first block in Melton as we could not afford to get into caroline springs which is where we are renting , so we went for a drive out...

I would say if Athersone is developed in the same way as Caroline springs the demand should become high in the area but not for some time until the new roads are built linking it directly to the western freeway . We rent in Caroline springs while our PPOR is being built in Arnolds creek ( West...

O.K this all makes sense . Thanks for the quick replys!!:)

Will the bank do their own valuation or will they allow us to source our own ? And one last one , will a bank usually allow you to access the whole amount of equity or allow for a buffer of some sort ? Thank you, Brad

Hi everyone , Can somebody please tell me , will a bank take the equity in a block of land into consideration when applying for a construction loan ? We paid $152k about 7 months ago and is now valued at around $200k comparative to the blocks in the same street and next door in fact which...

I lived there for about 5 years while it was in development stages and still visit the area at least twice a month. It is quite a neat area with a new train station that runs to the city in about 50 min ( I think ) , they have a reasonable size shopping centre with Broadmeadows being the closest...