Thanks for the advice Tobe. I have a complication in that I have an IP in Perth and some equity from it will be used to support the loan from another lender for the new IP in Queensland. Two states and two different lenders. I am sure it will be drawn out. Just wasn't sure about that 5% because...
I am looking at doing a house and land deal in Queensland and have put a $1000 holding deposit down. The contracts are on their way. I live in WA. On the property information it states that land settlement will be 14 days after the registration and a 5% build deposit will be due. Do I have to...
