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I have a settlement agent.

Just found this: http://www.reba.wa.gov.au/DataStore/files/Categories/publications/Buying%20a%20home%20through%20an%20agent%20October%202007.pdf All it says is that if finance isn't approved the contract may be terminated. Now, the O&A specified a lender (CBA) and a LVR of 80% (which is no...

Ok, question for you: I put in an offer to purchase a property that was accepted. This is in WA. The period for finance approval has expired. Now I've notified the vendor (through the agent) that finance has not been approved but I'm still interested if alternative finance can be...

I'm open to that. If someone wants to PM me or if anyone has any recommendations, please let me know. I live in Perth and the properties in question are there also.

Its a completely valid strategy to use equity to service debt. In fact you'll find people use this ("debt recycling") to replace a non-tax deductible home loan (owner occupier) with tax deductible debt. For example: you own a $1m property with a $300k mortgage thanks to property growth...

The line of credit on the existing property still have the LVR at 80%. Basically the house cost $390k when I bought it and I put up 20% + costs in deposit (almost $100k). The new valuation at $410k means I can borrow 80% of the difference without LMI so thats why that got approved. What...

Ok, I'll try and keep this as brief as possible. 2 years ago I bought an old house on a large block of land for almost $400k with a 20% deposit. Last month I put in an offer (subject to finance) to buy another house for almost $430k. My plan was to use the increased equity in my existing...

Superb. I tripled my equity and made significantly more than I did from working. It was a bumper year for the share market. In fact, I'd liken it to how the property market was the year before: just buy anything and you made money. Pick well and you made a lot of money. Bought my first...

This house is my PPOR and I'm renting to maintain it that way because I want to live closer to the city (and I only need a smaller place) and I see this property as having much more medium term potential for capital growth because of its high land component. The thing I'm tossing up at the...

I bought a house less than a year ago in Perth. 1970s double brick and tile 3x1 on 806sqm 10km from the city (Bassendean). By my estimation (based on following advertised properties in the area) it's gone up $80-110k since I bought it. That being the case I have about $200k equity in a house...

Hi, Quick question hopefully. I bought my first house last year and got a 12 month fixed intro rate (principal and interest) paid monthly. After just over 7 months of living in it I moved out and am now renting it out. From the point that it was available for rent it switches to being...