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So far I've only been able to get exceptions for CBA Staff members not meeting the exact criteria. Response from Senior Product Manager for an exception to the package for non staff was that "We're very strict on the BPP criteria especially for those that aren't CBA staff..." What was your...

CBAs 'Banking Professionals Package' allows bank employees from any of the major banks (and fee others) with >2 years employment history to qualify for the package. Brokers are unable to offer this only CBA direct staff.

CBA will offer it to other major bank staff. 2 years employment minimum Need to speak to bank direct, brokers can't assist No issue with IO

What have the other threads told you so far, have you read them? You have limited knowledge, what research have you done what has it told you, why Brisbane?

18/6 it's happening

Mine was based on valuation which I can use for finance, I have no intension of selling so it works for me. Will also depend a lot based on the price you paid for the property.

Regionals aren't going nowhere. My West Bathurst property is up 22% in couple years. Mount Austin (Wagga) property is up 12% in similar time. Where are your regionals?

I get concerned when people make generic comments about regionals. Regionals had mines, mining boom over, jobs go. That should of been consideration before buying in mining town. Should be looking at the regionals that had diverse industries with growing population.

CBA FP I work with is a gun, not like other FPs I've dealt with previously. Invests heavily in property himself along with other areas. But I also bag him out about being a CBA FP with the rap they have at the moment :) Doesn't just push CBA products like you all would think and make comment...

AVM is through CBA can be used for lending up to 80% What do you mean you got a quote? To do the valuation or is that what it came back at?

Haha :) We will likely be building around the same time, maybe? How long is the approval process expected? Will you be going to site straight away? Have you selected builder already? I hope to be at site start of September.

Where have you invested? Why did you invest there? What has changed since the time of purchase? What is going to change going forward? Answer these and should know pretty quick if you should keep them or get rid of them. I think sharing the answers would provde benefitial to the forum.

Just noticed I didn't respond to this. Nilma Ave, Mount Austin Recently did a AVM on this property when I was restructing some finances. $322,273

Great work Lonewolf, I know the site and looking forward to watching this progress. Hope all goes well.

I'm not but you asked where cliff is...

Queensland

Tried digging, credit team doesn't even know yet. It's only being release next week. From what I've been told will be similar to other banks, clamping down little bit on investors. My bet would be changes to servicing OFI @ actual. Would be guessing they would now be based on an...

CBA changes coming 18/6 TBA

CBA not yet, 18/6 changes for CBA are coming. Just found out today.

Persoanlly wouldnt buy in either of those areas. $400k for Andrews Farm is way over the top. My brother paid similar for a close to new property in Burton. The value isn't there when you can get established properties for $100k less. Give it 5-10years time when the area fills up and land is...