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  1. R

    Finance for NRAS property

    Thanks Euro!!
  2. R

    Finance for NRAS property

    Yes, at Bowen Hill/Fortitude Valley
  3. R

    Finance for NRAS property

    Hi Redom: Thanks a lot for your input. I think they are all valid points and what I've tried to work out with my due diligence for the purchase. I think that's why I'd like to seek professional help from a very experienced broker in this scenario as well as an accountant who's good at...
  4. R

    Finance for NRAS property

    Thanks Shahin_Afarin. I am getting a brand new unit but the building has already been completed. So I do have a finance clause in the contract, and from the REA it seems like other units he's sold in the apartment seemed to have all valued right on the purchase price. but I will get the bank to...
  5. R

    Finance for NRAS property

    Thanks Property_girl. May I ask why? I have done a bit of reading on NRAS and have heard about pros and cons about it. The cons are mainly the risk of buying something that is overpriced, and also tenants with lower income. also issues with getting a finance approval. Would appreciate your...
  6. R

    Finance for NRAS property

    Hi SS brokers: I am thinking of purchasing an NRAS property and realize some of the banks have restrictions against this type of finance. Because of my profession I can usually borrow up to 90% LVR without LMI, which I have done for my previous IPs I would like to seek help from a broker...
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