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Recently I applied for a Mortgage increase on my PPOR for 20K, the banks ordered the revalution and it came in at 181K(found out today) , the property was purchased a year ago for 173K. (Loan balance is at 153K) In order for me to get the 20K increase ,the bank needed a minimum of 90% LVR...

Source : YOUR MORTGAGE MAGAZINE NO.50 JUNE 2004 Buying your own home The search is finally over! You havefound the right house and you are readyto buy. Take some time out and makesure you understand how each step inthe buying process will lead you to asound investment. There's no point...

I love this one,

Hi All,q I have a question related to vaulations, My Bank has given me the thumbs up for conditional approval to increase my loan using equity. So the conditon is the property will need to be revalued; Original Valuation was = $170k new Valuation required = <$193k I'm looking to...

Hi Pitt St, I just re-read mine post again, it was suppose to be 99%. DOH! A fault of mine not having my coffee before doing anything that requires brain power.... Good To see someone is on the ball. Cheers!

Yep, on that note. I also asked my bank to disclose the valuation on my 2bed unit. It was a no go. All they told me was, generally bank valuations are around 90% (EDIT: 99%) of the purchase price of the property. For my next purchase, I will be getting an external valuation from one...

Something related to Property Valuations House prices to fall in 2006 By Shane Wright 30-11-2005 From: AAP http://finance.news.com.au/story/print/0,10119,17413424,00.html AUSTRALIA has beaten the world in over-valuing its homes ? and property owners should prepare for price falls until...

Hi All, Just a quick update, me broker was able to get a split loan seperate to my PPOR mortgage, as an interest only account. I'm pretty happy with his work, and he has not disappointed. Now we wait for the banks new valuation to come in, and I can spend my christmas holidays...

Thanks James, that did help clear up a few things. I guess I will have to keep good records if I was to purchase the shares via the motgage account. A good accountatnt would come in handy here :D KeithJ, thanks for the tip, I have requested my broker to negotiate with the bank for this setup...

Hoping someone can shed some light for me. I am in the process of applying for extra funds to purchase shares using the equity in my home. Current mortgage is for my PPOR and not IP, which has a split loan of variable and fixed interest, both P%I. My Mortgage Broker has recommand I...

Hi Sonic, You can setup an RSS feed to your desktop using RSS software , however I think its going to be hard for you to find a Property valuation website that supports RSS. Probbaly the easist thing to do is setup a webpage that runs PHP and XML, then tell it to gather data from your...

I'm sure a take down notice will be issued as soon as knowledge of your site gets around. Home Price Guide sales data, what you are doing is taking advantage of their sample service and storing the data without their permission. On the otherhand you can always ask for their permission and...

I think this would be a good idea, but it may inflate property prices to a point where the bubble will burst and all hell will break loose. As we will see inexperienced home buyers not doing their due deligence before parchasing a home. Perhaps a better way to approach this would be to allow...

Thats the type of attitude I'm trying to focus on as well, thanks for sharing and please keep us updated on your saga. A bit of legistlation i like to share is here; http://www.mainroads.qld.gov.au/MRWEB/Prod/Content.nsf/DOCINDEX/How+are+properties+acquired?OpenDocument

Hi Cava, You have completely lost me in your post, what do you mean by 'the process to seceed'? I have never heard that term been used before? Could you please explain?

Hi cloclo, I'm trying to look at this in the most positive way as possible, however this is my PPOR which I've only had for 12 months. I;ve been spending quit a lot of time doing renovations, but it could be all for nothing if the eastern busway goes ahead. Does anyone here have property...

I was wondering if anyone had any personal experiences in negotiating Land Resumptions with the Government? Yesterday I recieved a letter from Translink and QLD Transportr, advising my property is located within the preferred corridor that is being investigated for a new eastern busway...

Hi Alanna, Paint from the top down as you would when paint a room, Top - Sides - Bottom, Do the insides first before painting the face or front of the cupboards. Cut in to the corners first. then roll them, obviously start from the most hard to reach place, then work your way out...

Hi IBeginner, It was not laminate, but rather MDF or Partical board, and my advise to you is not to paint over laminate unless your prepared to prep the surface properly. this included removing the doors, cleaning them with specialised cleaning agent,s apply specialised binder/undercoat and...

I just finished painting the kitchen cupboards, doors are yet to be installed however. Used Semi-gloss enamel - 2 coats with one coat of sealer/binder undercoat. Had to use a heat gun to get rid of the old enamel paint, nasty job. Make sure you use a resperator. The cupboards and doors...