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Thanks for everyone's responses. Yes the properties are unfortunately cross collateralised! Given that the remaining properties (IPs) will be at or less than the prescribed LVR at the time of taking the loans, can the bank refuse to discharge my PPR on the basis that it does not me their LVR...

Hi everyone, I currently have mortgages with one of the major lenders and looking to refinance my ppr to another institution. My loans to date to have been offered at a particular LVR which has been the prevailing norm for the last 7 years. My bank is now stating that they will...

Albert Park Many thanks for everyone's prompt responses. I should have articulated my current circumstances a little better. I am 30 yo and hold 8 investment properties in VIC, mainly in the inner west. One of the objectives of the next investment is to diversify into a different...

How would you invest $1.7m in VIC? Hi Everyone, I wanted to get thoughts from the seasoned investors on here regarding Albert Park Vic as an investment from a CG perspective. I am looking at purchasing period stock around the $1.7m mark with a buy and hold strategy. Cash flow is not...

Ballarat has been a consistent performer from a CG perspective over the last 3 - 5 years, delivering strong yields with low vacancy rates. In terms of the best parts of Ballarat, I would recommend keeping it central to the CBD and period stock. I also like inner Wendouree which has...

I don't agree with most the above comments. Firstly, it's very unlikely interest rates are going to hit 9 or 10% any time soon. Although a couple of rate raises by the end of the year are certainly not out of the question. Secondly, if they did, irrespective of whether the property is...

PM: You should note that Redan and Sebastopol have the highest unemployment rate in Ballarat, subsequently you are likely to be dealing with a socially disadvantaged demographic. With that said, these areas have experienced moderate CG. I think it would be a wasted opportunity buying in...

The demographics of the inner west are certainly changing, particularly in the last 5-7 years as it is quite an affordable area for young professionals to buy in. Yarraville's neighbour Seddon, is better proposition as it is a smaller pocket (more scarcity value on the land) and has better...

As above - definitely Ballarat which is very undervalued given the sound infrastructure it has, ie multi-sector employment, good rail service, hospitals, unis, schools and buses. The Libs have also announced in the state budget that it will spend over $70M on hospitals upgrades + the regional...

During the week the V/Line website indicates that there are a few, 63 - 64 min services to Southern Cross. I think its reasonable to expect that travel times will improve from the above numbers as parts of the Ballarat to Melb train journey currently only has one train track. I don't believe...

I don't believe you have missed the boat yet on Ballarat yet, however once the Regional Rail link starts to take shape (construction has commenced) prices will certainly rise sharply. If you decide on Ballarat keep your investments within the CBD or very close proximity to it. Areas like...

Your thinking tells me that you're just one of the other 95%, which is awesome! The inner west will continue to grow, however you're kidding yourself if you think that prices will grow at the same, unprecedented rate it has done so for the last 24 months. If you were a visionary Melbournian...

Great paper. I have a few IPs in the inner west which have benefited greatly from the factors outlined in the above paper. Would I be investing in the inner west at the moment? Definitely not, the market in the inner west has run out of puff due to the explosive growth it has experienced...

I agree with the article to the extent that the Melbourne Metro market will be flat for the next 12/18 months and yields will remain low as a significant amount of supply, particularly apartments will hit the market during this time. Building approvals are up. However the major regional centres...

The state government has confirmed that it will be proceeding with the $5bn regional rail link and works have commenced. In addition the Federal government has confirmed its commitment to fund a $55M cancer centre in Ballarat which will significantly benefit the local economy and provide...