Just wanted to say a big well done to Rob on his presentation to the meeting last night. Very well done and took some pointers from it to watch out for down the track. Was great to see you start breathing about half way through, it showed you had reached your goal of pushing your comfort levels and had got through it with flying colour.
Of interest were:
- using the strictest bank first so that the "easier" banks are left for when the going gets tough.
- the servicability models using the current rate on loans with other banks.
A lady at the end raised a point of real estate agents keeping the interest earned on their trust account funds. I think she needs to do a little more research on how trust accounts operate. All interest is paid to a government body and it is actually illegal for the operator of the trust account to ear interst from any of the funds. It actually costs them money to maintain (monthly fees and large deposit fees) these trust account.
Gools