I have an IP in Gunn, Darwin that is not defence housing. Quite a few defence housing properties in this suburb.

 Whilst I initially thought Defence Housing was not a good deal due to high management fees-was 16.6% pa including gst as opposed to about 8.8% gst incl.  for a private property.

However the big plus is you receive rent for defence…[Read more]

wilko1 is pretty much on the money.

The lack of 50% discount for CGT is a big negative though.
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What about using a Pty Limited company to purchase an IP?

Does this avoid the National Consumer Credit Protection Act requirements?

What are advantages/disadvantages of an IP held in a Pty Limited company?

Thanks for that info Richard,now to wait for a competitor to match this deal and reduce the no doc rate.Ajax

For a 75% lvr no doc, non impaired borrower, clean CRA,  sydney residential what interest rate am I looking at?

There's a guy I know who lives near there was saying the area is prone to break-ins. There is a low socio-economic area just the other side of Anzac Parade. I wonder whether this guy is just being overly negative. Where else can you buy a new property in Sydney's Eastern suburbs with golf course and ocean views and easy access to a beach (Little B…[Read more]

wealth4life.com wrote:
900,000 will be in mortgage stress by November 2008 … Fin Review … fact

Why is that statement a fact?????

" WESTPAC has become the third major bank to cut its standard variable mortgage rate by 10 basis points.Westpac also slashed 25 basis points off its rates for business loans and credit cards. The move comes after Commonwealth Bank of Australia and ANZ lowered their standard variable home loan rates by 10 basis points in the wake of a 25 basis…[Read more]

Landlord puts entire block of units on market to sell for several million $. Has builders, valuers, etc running around the building with tape measures etc for weeks (giving an uneasy feeling to tenants particularly one lot of tenants that only recently moved in)Real estate agent decides to show the better units to propsective buyers (of which…[Read more]

Just did a search on houses in Gunn (a suburb in Palmerston area). Many are under contract/ under…[Read more]

craigsed,my RHG loan was variable. I would stay with RHG if their variable rates were in line with other lenders but have to incur 2% ERF's to change lenders as their rates are considerably out of line with bank lending rates.Where RHG's rate is 7.88% other lenders are around 5.2% I am being screwed. Their variable rates went up higher than most o…[Read more]

CSI,RAMS will pay a rebate if you refinance from RHG…I receive $1500 for a loan of about $150k..(rebate increases based on loan size) .however where normal RAMS variable loan has 1% Early Repayment Fees for 3 years if you accept the rebate offer they will require 1% ERF's for 4 years..

To discharge their mortgage (yesterday) and in addition to up to 2% Early Repayment Fees they also charged me legals $295 and a discharge fee of $695. My variable interest rate has now fallen from 7.88% with RHG to 5.29% with new lender (RAMS). There was also a small amount of cash out as property value had increased (even where moving from RHG 85…[Read more]

ASX Announcement Thursday, February 5, 2009 RHG Unaudited Half Yearly Profit Guidance and General Update RHG Limited (previously known as RAMS Home Loans Group Limited) wishes to update the market on recent performance with unaudited profit guidance. RHG Limited expects to announce a consolidated half yearly net profit for the half year ended 31st…[Read more]

When I did a news search on RHG and interest rates in the last few weeks this is all I came up with. No mention of interest rate cuts yet.http://www.brokernews.com.au/contents/news/32105/details.aspxClient sues RHG over exit fees By Agnes Gajewska | Monday, 19 January 2009 A disgruntled client has launched legal action against non-bank lender RHG…[Read more]

Thanks for that news Terry.My posiition:-I have one loan with CBA (5.19%), one with RAMS (5.54%) and one with RHG (8.68%). If I accept RAMS re-finance offer of the RHG loan (a loan of about 150k) this will reduce the rate on this loan to 5.24%. Across 3 properties the interest rate cuts have resulted in the possibility of a surplus of gross rent o…[Read more]

Hi petit homme,yes RHG and RAMS are separate companies.RAMS administer RHG loans (out of same offices at Homebush Bay Drive, Rhodes NSW).Westpac are the credit provider for RAMS but not RHG.I have both a RAMS loan and an RHG loan (and am no great fan of RHG)RAMS corresponodence to me sometimes has a contact number which if you call will be the…[Read more]

Raymond,assuming stated income over 75k (about double that) on a RAMS SE Pro pack lo doc what period of gst registration will the mortgage insureer require? Have ABN for 9 years, gst registration for 1.5 years. Last time I applied for RAMS loan GE wanted letter from accountant explaining why gst registration was so recent…this request would…[Read more]

Am thinking a unit I bought last year might soon be cashflow positive.Purchased for $172k now rents for $280/wk, loan of $146k at 8.48%.It takes a lot for a property to be cah flow positive when I factor in body corporate levies (fixed adn sinking fund) of $2800 p.a., council rates, landlord insurance, managing agetns commission. A still out of…[Read more]

Still with RHG-ERF's are 2% until July 2009 then 1.5%.I took out an 85% lvr lo doc loan with former RAMS in July 2007. Variable interest rate currently 8.48%