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Only a few months ago my rate moved from 5.05 to 4.93 (with CBA) I am about to settle on another property that will bring my loan value up to $1m. LVR is around 87%. My banker requested a rate adjustment and they came back with 4.8. He put an appeal through to the pricing team but they...

Good tip. Thanks Marty

295k/400k LMI paid at 88% - Can draw out $40-45k with a fee of $1400. Anymore shoots up to ~$2k+ 365k/410k LMI paid at 88% - Can draw out $7k with a fee of $585. $8k shoots up to $1.5k All the premiums have supposedly gone up for LMI so I'm having to pay big fees if I'm looking to draw out...

Great thanks, thought the options were limited.

Hi Marty and Pete. PP $395k LVR: targeting about 86% as that's where the LMI drops to a reasonable level ~$4k Current equity: ~$50k LMI free. Additional LMI required for anything above $50k Cash investment: Balance necessary ~$20k Are these the figures you are referring too Marty...

Hi There, I have just put pen to paper on my 3rd IP. I plan on funding my initial deposit through equity from my first two homes. Is there a simple answer to how should I structure my loans now. I will need to use equity from both properties and therefore 'top up' each loan. Is it worth...

Great thanks

I'm looking to gain a stronger understanding of the development requirements in the North Brisbane area.Where is this information available? Does each area in Brissie have its own council and hence requirements? Looking at areas between Chermside and Bracken Ridge. Cheers.

Hi, I've decided to add more diversity to my portfolio. So I'm looking outside of Sydney/Canberra and heading to Brisbane this weekend to look at houses mainly in the Crestmead area. The potential for growth in the overall Logan district looks strong and although admittedly I am not too...

Thanks Rolf. So if you are purely buying IP's (and for arguments sake their is no intention in the MT/LT to buy first PPOR) then their are limited tax benefits in the strategy of offset accounts? I currently use PI on one of my properties as my rental income covers PI repayments. LT view...

So what strategies do people use with this offset account? By reducing your monthly interest you increase your cashflow. Is this surplus used to pay down the loan? Also my understanding is that the benefits are not as great on a fixed interest loan. I believe comm bank reduce your interest...

Defiantly worth going to a few open homes and having a speak to some of the agents. Some great yields around that area!

Hi all, I have had commbank come back to me and tell me that the valuation company have not been able to value my off the plan purchase. It is 3 months away from settlement and the properties are reselling for 40-50k more than purchase price. They have stated the property can only be valued...

Thanks for your help Rolf. Pretty much had it with cba..

I see, My initial loan was $299k with a $2931 LDP and $600 establihment fee

Thanks for your response. Whats meant by total exposure? My Loan will increase from 303 to 319 although value has increase from 336 to 375.

Hi all, I am currently dealing with the CBA and requesting a drawing of 16k on top of my original 303k loan. My initial LVR was 89% and now is down to 85% (16k increase on loan 40k increase on property value). The CBA however are telling me that I am required to pay a $250-300 low deposit...