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our valuation came back today for our Mona Vale unit. Valuation of $710,000 :D happy with that. Gives us enough for another SEQ cheapie with prospects. Thank-you all for your advice. Extra thanks to Rolf for the reports you PM'd. Giving the valuer a few examples of sales may have pushed us...

Thanks for all your replies. We only need around $35,000 for a total of $50,000. We have some surplus cash we can chip in. Only after a SEQ cheapie! So from all your advice and what I have already researched on the forum. We'll go ahead will the onsite upfront val. I'll prepare some info for the...

Hi Jamie, LVR on Mona Vale is around 73% from my rough calculation. For Woodridge we paid a couple of thousand LMI so not 80% - around 88 to 90 from memory. IO variable for both loans. Both financed with St George. Thanks, Magnet

Hi All, We are relying on equity gain to buy our next IP. Currently have 2 IP's. 1st is a 2 bed unit in Mona Vale, NSW, 2nd is a 3 bed house in Woodridge, QLD. Valued the 1st to buy the 2nd which settled in August, 2014. Broker has advised that we will only be able to value the 1st property...