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a very common scenario for anyone caught holding dev sites when the banks decided they no longer wanted to be banks. on a slight tangent, i bought an apartment off the plan (yeh stupid idea in hindsight). macquarie being the great financial legends they are, approved my loan at the time i...

all i can suggest is you get into something asap. There are some fundamentals flaws with australia that wont make getting in any easier for you. These include: - a boys club of 4 banks that monopolise the market and have decided they will charge superprofits for being merely zombie banks...

either way who cares, property investors are the winners (assuming they have reached their maximum portfolio size)

been done numerous times before... ala R&I Bank come Bankwest come BoS come CBA. the govt could do this all day long, setting up and flogging off building societies.

totally agree BV. I was thinking about this more... the banks are banking large profits i.e. reward for risk, when they aren't taking a risk. this is a transfer of wealth from all australians to the coffers of banks and fatcat execs. What banks are offering now could easily be offered by a govt...

I have a very lucrative house and land deal, only a small amount of $'s. so i ring a big 4 bank thru which i have previously done some dev funding. I ask if they are still lending. he says yes. oh good i say. he says we need 100% presales plus equity in the project. ok... I say this is only a...