Search results

So we are about to reduce our PPOR VLOC to $5. We have an IP worth $245k ish with a VLOC of $206k. Current rent $280 pw Have had preliminary drawings done for a 1 lot subdivision with 2 units built. As I don't know of any local brokers with IP interest and am not sure which loan setup...

Would i necessarily have to subdivide into 6 blocks? I thought maybe only 3 blocks with 2 units on each block. Banks usually only lend to a maximum of 2 dwellings on each block. Could anyone tell me of their headaches with owning/selling more than 1 dwelling on title. Value of 2 dwellings on 1...

Is there a time frame to build on a site once subdivided if you have submitted plans to council and had a permit approved?

About to delve into the world of subdividing...we hope. DH $46k Me $15K Kids 9,5,9mths PPOR owe $50k value $320k $46k redraw LOC IO loan CBA IP owe $195K value $230K Plan to subdivide rear of ip into 2 blocks suitable for 2 & 3 br units Don't expect subdivision to cost...

I have always "assumed" BV was always betterthan weatherboard houses. I have only ever lived in bv houses but now I am wondering what the real differences are. Could people please enlighten me? Are they colder in winter - hotter in summer? I assume their maintenance would be more time...

Just wondering how much LMI I would have to pay on $175000 loan. 100% loan. I'm guessing different banks have different rates etc. Liz

I have inquired about a house today, which is quite cheap and a bit ugly. It seems to have rooms joined on at different times and does "look" a little odd from the outside. The REagent seems to be trying to deflect me away from this house and point me at more expensive homes. He said there a...

Have I stuffed up? Bought first IP 3.5 years ago, using our PPOR as security. Now wish to subdivide back of IP into atleast 1 lot and build 2 2brm units. Have had a feasibilty study done, and it looks very doable. Problem? PPOR Value $300K - $90K owing IOloan( $50000 fixed at 6.7% for...

My parents own a few houses and have a vacant 1/2 acre block. My mother was wondering if there was any way I could develop on the land, but still keep the land in their name. I expect the answer to be a negative or what would be the lowest cost scenario. My mothers other concern would be if...

So here is the scene A young couple are on low incomes. Wife receives $14500 gross income from employment, Husband receives $19500 gross income from employment. They have only owe $50000 on PPOR (valued at $300000) and have one IP (bought while on higher incomes)loan is $190000, Rental is...

I have been given first dibs on a corner block of land up the hill from CBD of Bendigo. It has a dwelling on it being rented at $145 pw currently. It is to be put with an RE agent soon but I have asked that the family (deceased estate) hold their horses until I do a bit of homework. I am very...

Drove up to Mildura on weekend for a wedding and was pleasantly suprised. The place was really busy (maybe all tourists?) The shopping centres were busy. I could've have mistaken it for Christmas shoppers!! The place is really green. I am from Bendigo and just wanted to jump down on the lawn and...

Hubby lost job 6 months ago (hence haven't visited this site for that long because lost hope of more investing). Anyway he is receing workers compensation of $470 b/t per week while studying this year to hopefully begin full time work again next year. I earn 260 p/w before tax. Also recieve...

Hi, haven't posted much and hope I am asking the quesiton correctly. We have an IP with a big backyard etc etc. Initial investigations show we may be able to build 3 2br units. We are in Central Vic and may be able to build 3 units for approx $330K. Could anyone advise me as to the possible...