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Good afternoon all, I purchased a block of land a few years back and have finally got myself in a position to build until I hit a bit of a stumbling block. Our mortgage broker listed my father on the loan, initially we thought this was as guarantor then were told it was 50%/50%. As a...

what are their exit fees like? I wouldn't mind in a few months looking at a 5yr fixed but at the moment they are 8.29%!

I'm yet to get 100% confirmation.. but 0.85% seems to be the talk. Not sure what date if will be effective from.

Job cuts will be the big one next year. You won't want to be unemployed and playing muscial chairs. Only up until a few weeks ago most of my friends were cheering the interest rates coming down, and petrol prices. Saying this finanical crisis is a great thing! Now seems a few companies...

Just be told they should have an answer by Close of business today and announcing it early next week.

Going Up Crime and Unemployment. Most of my mates in sales jobs has fallen back on their low base wages and dreaming of decent commission. Or their employers are trying to get them off higher base lower commission to other way around. My tradie mates have lost jobs on sites up north...

Has anyone heard anything regarding Challanger and latest rate cut? All i've heard so far is from the major 4 banks.

Hmm agree. If they are earning decent money, saved a deposit, rates in a downward trend and not looking outside their budget. They should be encouraged. In a few more months they might have researched a bit more, know what they want and have a larger deposit. Not sure what state they...

I've heard nothing confirmed since the last 0.67% effective 24 November. I was told they were still reviewing the 0.2 or 0.3% for existing loans, can see them not bothering if rates fall the next few months. Annoying cause while I was away in Europe last year came back and had 3 letters on...

how do the sq calculations work out? I've got a work mate her boyfriend is in the building industry and has quoted me $1200 sq m2 and $10,000 payment for site costs. If over will be refunded. Footprint on my 12.5m x 32m block has to be a minimum 200sq m2. $250,000 sounds too cheap. Though...

Hi All Back in May 2007 I saw a block of land close to the beach and thought would be nice place to build down the track. I was only on $35k a year and couldn't get a loan for the full amount. Parents have a few investments properties with a broker so had get some help. On the loan I was...

wow spec house was only $250k for In Vogue? I'm looking at Renowned as I thought In Vogue would start more around the $300k mark. Also my block requires a rear garage. Not sure if In Vogue/ Renowned would come up my way to Two Rocks but. Believe they might have built one in Yanchep for a...

How are the builders going in Perth at the moment? I work for a mining company and with the financial trouble (lack of available funds) many of our projects have been delayed 12-24mths or worse cancelled. These guys are heading back now to Perth and finding work is alot harder to get when...

Hey Redbox Let us know how you go with finding a house. I've also got a 400sm in Perth (12.5m x 32m) and looking at building a two storey on the block. My budget is bit lower being my first house but only found Renowned in my budget so far.

I'm with Resi Mortgages not sure how they work with Challenger. Challenger is the name on my bank statement for my loan repayments. Dad and I have a few loans with them and my dad got a phone call Friday saying they will drop 0.67%. Got the 0.80% but seems they have ignored the 0.20% after...

Very true, I can admit i'm in that situation. I'm 25 and at home paying $50 board a week and good location right near transport. Can allow me to save an extra $500 a week. Otherwise i'd be paying $300 a week rent somewhere and only have $200 a week after expenses. Huge difference to me...

Thanks for that. I might actually be better putting the $500 a week reducing my loan and the principal as it is interest only. It is around 8% at the moment, getting charged a 0.25% extra construction loan. I could build on it but might need a bit of help (joint venture from parents or...

Me too. Just predicting/guessing where the bottom of the interest rate downtrend will be the tough one.

The $21,000 building first home grant seems to be an interesting one. I've heard both sides of the debate. It's a great thing and something to take up on, also heard it's bringing lambs to the slaughter. Guess time will tell. The hard thing for me to work out, is this downturn a good...

I think I might have to get some more details. If say 3 years time a deal of a lifetime does come up.. do I get my principal back and the 17% tax free contribution from government and 6.5% @15% tax from ANZ go straight to my super. Or if the whole amount goes into my super. I'll have to...