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Gday Spoke to him on the phone. So far there is no catch. The only condition he mentioned is that you need to be a CPA. He said the up to 90% lvr with no lmi is for owner occupied and also said that for investment property's it is up to 95% lvr with no lmi. I think the 100% loan will be at a...

Gday Got an email from CPA today promoting BoQ 3 year fixed rate of 3.99% which is ok but the thing that caught my attention was the 'borrow to 90% LVR with no LMI'. Then it said something about borrow to 100% with no LMI but didnt mention the rate. Will call them tomorrow to see what the...

I am also interested in what you are implying?

Gday Ok thanks for that. I havent sold a property so i wasnt sure if that was standard policy. Sounds very restrictive and not something i would agree on but each to his own. Because of the clause he would rather take it to market as he will be paying the agent either way and would rather...

Gday Last week I learnt from my neighbor that he is putting his property on the market in Feb next year. I am interested in buying it and asked if he would entertain an offer from me now. He said maybe. I spoke to him again today and he said that he had already signed a contract with a real...

Gday If that is correct Aceyducey then that throws a big spanner in the works. I have sent an email to the OSR to get an answer for sure. Pele.

Thanks All Gday Yes I have been reading alot and considering a few options. I was unaware of this Love and Devotion clause. Anyway my opinion is the best plan of attack is Jack sells his half share to John. This would be Johns first property purchase so hopefuly he will qualify for FHOG...

Gday This is the scenario: Jack and Jill Smith get married then 25 years down the track they decided to seperate. When Jack Smith moves out of the PPOR(that has both Jack and Jill on the title) he rents for 5 years and Jill and their son John remain in the house. Then suddenly Jack decides...

Gday There is one in my nieghbourhood(East Ryde, Sydney). I can get the exact address if anyone wants to go and look at it. Pele.

gearing shares Gday If you are confident and in a position to take big risks and you have equity in a property then you can gear your chops off to buy shares. Just take a line of credit out against your equity and use that cash to get a margin loan. Bit of a hero or zero strategy but im sure...

castle hill nightlife Gday I agree generally that castle hill is a boring suburb for a young person(compared to Kings Cross or Liechardt) but if your under 25 thursday night at the castle hill tavern is tops. Pele.

Gday I am considering purchasing one of the new 3G mobile phones from Orange. I really wanted the Motorola a920 but have been told it wont be released for a few months. Has anyone got any experiences with the NEC e606? Pele.

Gday I dont even own any property but i am angry about land tax. I agree with simo and mitch, the way the govt spends its tax reciepts makes me sick. And the land tax threshold for trusts is $0 i beleive. This makes a huge difference to any Sydney property. Pele.

Gday A larger block of land will also mean more land tax. Pele.

misunderstandood Gday Ok maybe thats it. So thats not dodgy. I just thought it was strange. Pele.

Gday Im just cruising the apartment market in the Sydney inner city area and I have come across 2 biuldings that are a couple of years old now. But almost all the listings for apartments for sale in this building are handled by a single real estate agent. Is there any significance in this? Is...

Gday I am still yet to buy a prop but i am reading as much as i can and thinking hard about everything. One thing that i only realised this week was that for the IO v P & I is what happens if you do a IO and interest rates rise. You better make sure you are not flying to close to the sun or...

Gday Yeah the place is a dump. Its full of industrial areas and i think the quality of tennant would be very low. It would be an awful place to live. Pele.

Pele Gday The FHOG was brought in in a rising property market. I think its effect on the vacancy rate was negligible. Also I am unanaware of the market being flooded by people selling there first home just becasue it wetn up 30%. Personally i am dead set against the FHOG. My theory is that...

Gday I think that now would be a better time to dump your excess $ into the stockmarket versus the property market. However one thing they have in common is that if you do your research and buy quality you will be rewarded. And another thing: investing in the stockmarket is a lot more...