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I believe it is the total fee. Because you buy with them are you required to use their PM? They are selling some studio's that are in our price range (well before the last few days on the market/bloodbath). Do banks have the same view of studio's in NRAS that they do out of it, or are they even...

Does anyone have any experience or have had a look at the Brisbane Housing Company properties and if so what are your impressions? 14% total management fees. Is that excessive? Assuming that is a combination of the actual property management fee and the other fees associated with NRAS properties.

Thats OK it only started two days ago. Makes the numbers a little easier but still have to find the lower price points. You are right not being a canetoad is a disadvantage in many ways aside from football. Still trying to find a stamp duty calc that takes into consideration that saving from off...

I am pretty sure QLD Boost is paid on settlement. Combined with a tax variation and some rejigging of our expenses we would have that $15k. As you say Euro though finding the right price point in QLD might be a problem especially considering some of the low vals. Tell me this Euro do you pay...

No I was not planning to use the NRAS Incentive I was planning to use the QLD Government Boost Money of $10000. Also was planning to use a tax variation to further free up some cash. That first years tax return is massive and unlocking it will make things a hell of a lot easier. There is also at...

Went and got the last val done on our house in Oct 09 before we rendered the house painted the roof redid the floors and added 3.5kw system. It came in at $450k. Hopefully we can at least get to $480k.

Yes I can see what you are saying, we were thinking of using the boost money from the QLD government for that but was told that many of the properties up there are over what we could afford. >$320k and that the vals for the properties are well under. We can rearrange out budget to a large degree...

Thanks so much for your help. Would like to see a broker wish that first mac allowed brokers. Very confused now.

Sorry what does this mean "AND if you are looking for a 90 % lend on the PPOR and a 90 % lend on the NRAS ip, xcoll wont serve you anyways." Cash flow should be OK as we have budgeted yearly one off costs into our budget but can easily pay them after our sizeable tax return. With the $10k...

Appreciate the feedback. I am really keen to get on board with this NRAS. Our situation is that we only recently fixed the loan so am unsure of break costs. We are with St George. Out combined yearly income is around $125k. We don't have a lot of savings as they are used for our mortgage (around...

Thanks for that, so having our loan fixed is no problem. I am not sure how it all works reading some others. We had our PPOR on the market for $550 last year but only got a small response. So are there lenders out there who will do 90% and what do you mean by a cash buffer? Sorry simple...

I am a complete novice regarding IP, our situation is we have a $355k mortgage on a house worth at least $460K, with the threat of rising interest rates 2 months ago we fixed ALL of our mortgage at 7.09% will this threaten our ability to buy a NRAS property?

Fully agree Euro, just hope that collapse doesn't happen. My problem is that I hope the bank does not value my PPOR too low so I can use the equity I need to buy an NRAS

I had a look at an accountancy firms presentation on NRAS and they said NO. You can apply for a variation in relation to the normal deductible expenses you would with any IP but not for the incentive. They could be wrong but I would like to see proof otherwise.