1. S

    ?Equity? to our property ? CBA and frustration.

    G?day. We are facing some dilemma and hope this knowledgeable group can shed some light. We have two loans with CBA: one home and one investment. Since they were created about seven years ago, the market values have increased to about $250k combined. Contacted CBA and was sent to see this...
  2. G

    Valuations - go through broker or organise myself?

    Hi, I am wondering what the best method is for getting valuations to release equity from properties in a portfolio? Our current portfolio including PPOR includes 3 properties. Given these are all in Sydney I would like to get them revalued again in the coming months. So far we have...
  3. B

    Structure of IP2 Loan

    Hello, I'm looking at purchasing my second IP in the near future. I have a loan of 320k for IP1. IP1 currently valued approx 450k. I was looking at using the equity available as deposit for IP2. From what I can gather, my available equity will be 40k ? Am looking at IP2 approx value 280k...
  4. S

    Retiree seeks line of credit on low LVR acreage property to access reno funds

    The South Australian property was a successful business before being relocated and bought by us for private purposes, but now plans have been made to renovate, re-start the business and sell. All plans drawn up, property is acreage with heavy exposure to traffic/potential customers and a...
  5. C

    Comprehensive Mortgage Calculator - Spreadsheet Alternative

    Hi everybody. I am new to this site, and the content in these forums is exactly what I was hoping to find. A few years back I spent months trying to collaborate Mortgage Spreadsheets that i had downloaded/was given/bought etc. to be able to create one that would allow me to view amortised...
  6. T

    Using equity in IP, put into PPOR offset

    Hi all, Current situation: Property 1 - Is an OTP and will be our PPOR when completed by March - Will be opting to get an IO loan with offset attached. - Will rent out this property in 7-10, years time when we eventually move to a bigger home as our family expands - The loan on property 1 will...
  7. Richard Feynman

    LVR Q - overestimating property val during equity loan app.

    Quick question to clarify my assumption (or correct it). My LVR is almost 90% at present based on the recently agreed PPOR value between my lender and I (which I estimated during a successful equity loan app). I believe my PPOR is worth more than the recently agreed value. Now, if I...
  8. melzinoz

    Creating equity before settlement

    Hi Guys, forgive me if I am naive, I am pretty new to all of this! :) I just wanted some insight/opinions on creating further equity from improvements during settlement. I have made an offer on an IP property and am thinking, while the inside is great, adding some street appeal might...
  9. Granny Flat Bathroom

    Granny Flat Bathroom

    Our modern bathrooms create a sense of luxury while providing investors with the reassurance their investment is creating growth. www.propertybloom.com.au
  10. Granny Flat Kitchen

    Granny Flat Kitchen

    Our granny flat kitchens provide plenty of room for entertaining with a choice of colour options. www.propertybloom.com.au
  11. Granny Flat

    Granny Flat

    Our granny flats are ideal for our clients who are getting started in developing right through to clients who are adding to their existing property portfolio. www.propertybloom.com.au
  12. Granny Flat Laundry

    Granny Flat Laundry

    The laundry allows for a spacious living area, any tenant would enjoy using, whilst giving you a high rental yield on your investment. www.propertybloom.com.au
  13. V

    How to extract equity out of a property?

    Hello I have one property which I purchased about 3 years ago. I am looking to buy another one by using equity (if any) from my existing property. My current loan is with Westpac. I went to Westpac, they said in order to value and see how much we can pull out they would need to apply...
  14. E

    Development feasibility

    Hi all, I have an overall goal. It's basically to find a property (vacant land or house), demolish, subdivide in half, and build 2 houses. I want to know if my thinking for funding this project is correct. I'll use rounded numbers and make it very very basic to make things simple. Say i...
  15. E

    Can I purchase using a properties own equity?

    Hello everyone, This may be a silly question but I thought that if anyone would know it would be you guys *don't slam me!*. I currently have 2 IPs, house and lands, negatively geared, low CG but I'm thinking positive that they will do well once the estates are completed (3-5 years)...
  16. B

    Use Equity to reduce interest?

    Hi All, First of all just wanted to say great forum with lots of helpful info. :) I'm still a newb at this so just wanted to get opinions/re-assurance that what I'm thinking is right. Just under 2 years ago my wife and I got a house built (PPOR). It was valued at $420K on completion...
  17. K

    Not allowed re-finance to have equity as cash

    I have a PPOR bought at 390k and now valued at 440K. I have outstanding loan of 320k. I was thinking of fixing a part of it and at the same time refinance to get some equity and put it in the offset account for future investments. 80% of 440k is 352k so I should be be able to get 32k. But the...
  18. S

    Capital Gain, Equity and IP Loan Question

    Hey all, New reader of the forum, new member and keen to invest. I have yet to find an answer to this, so i thought id chuck it in here too see peoples views. Say you have a PPOR that you bought (took out a loan) for $300 000. And whether it be by sheer luck or waiting 10-20 or so years...
  19. L

    drawinng funds from equity....best to use offset account???

    hi guys, im new to the forum. ive got 1 IP in QLD and have now moved down to NSW. just wondering, say ive my IP has a loan for $200k, i have equity of $100k, i want to draw out $50k for personal use ie. debt consolidation, holiday, car or whatever but i also want to draw out a little extra...
  20. Alex P Keaton

    Buy 1 bed & Renovate or Unrenovated 2 bed

    Hi guys, I am curious what you guys would do! If you were starting out and financially could afford to buy either a 1 bedroom unit and renovate it or buy a 2 bedroom unit without renovating (because of the lack of extra cash to renovate it) What would you choose? Options a. 1 bedroom...