I have a PPOR worth 700K. Loan 450K. I can get 20% equity loan from my current lender.
My broker advised me AMP/Homeside Lending/Westpac or CBA for my IP.
Not sure whom to choose. My plan is to buy an old house and build a granny flat.
Which lender is good for best interest rate and...
So I am getting close to purchasing my first IP/duplex development project and a about to go for pre approval.
Given my maximum borrowing power is pretty close to the amount I will need during the height of the construction phase, my mortgage broker has suggested it is a good idea...
Can anyone offer information on how construction finance works for building units please?
I have heard you can borrow 60% of the construction costs (which I assume means you need 40% of the construction cost in equity or cash??)
Can you still get compound interest (to pay no interest...
Hi all, please help.
We're doing this for the first time and would like to know something.
Purpose: to build a duplex villa on our 696sqm gently sloping towards the street
Question: Who is involved in a team of professions to prepare DA application and get the approval. What do they do in...
After years of inspiration, self-education and research, we're getting closer to our 1st development. We'd love comments, tips, and guidance please.
Here’s the deal so far.
Building a dual occ (2 villas) on a 670sqm block of land in Central-North Coast NSW
Two of 3 beds, 2 baths, and...
Hi. I'm new to investing and currently have my first investment property under construction. I was under the impression that if the house was under an investment loan then i could claim the interest paid on the loan each year. Then yesterday my uncle (who i an accountant) has told me you can...
I know there have been plenty of posts before about where to buy specific items, appliances etc.
But wouldn't it be great to have a central list of everyone's favourite shops for everything from kitchens and appliances to timber, tiles and taps?
Well, I think it would be...
I've been a long-time reader of the forum but this is my first post.
My wife and I are looking at building a house (to live in) on a small lot in Brisbane and I'd love to get some feedback on the DA-approved plans that would come with the purchase of the block.
We haven't really...