LMI exists for a reason – if there was a simple way of not having to pay it no one would!

The only way you can is either via being in a relevent profession and meeting their criteria (doctors, lawyers, accountants and a few others), or the occassional 85% no LMI offer. The latter is generally at a higher interest rate and less desirable lender,…[Read more]

No they do not – every lender does it different and there is a huge variance in the types of products available. Some lenders will only allow 15 year P&I terms, others will give 25-30 terms and interest only periods.

Speak with a mortgage broker who is an expert in commercial loans who will be able to look at your scenario to give you the best…[Read more]

No they do not – every lender does it different and there is a huge variance in the types of products available. Some lenders will only allow 15 year P&I terms, others will give 25-30 terms and interest only periods.

Speak with a mortgage broker who is an expect in commercial loans who will be able to look at your scenario to give you the best…[Read more]

That sounds about right Christine, if you use a GST calculator you can work back to see that it looks like the rent is increased around 2k + GST.

Doesn’t need to be in a trust – the ‘loophole’ is that the definition is something around never owning a property you’ve resided in, so you can still buy investments but claim the FHOG at a later date.

This is very common and have had clients use this strategy for years without issue.

A quick search says circa 9 million residential properties – but this isn’t from a primary data source. http://www.abc.net.au/news/2015-05-06/fact-file-housing-in-australia/6442650

There is then a few sources which say how many people own investment properties in Australia, and how many properties are investment properties. You’ll be able to…[Read more]

Most people think Sydney will be coming off the boil for the next few years after the recent huge spurt in growth (and this has already started happening) – so not necessarily the best time to buy. Same deal for the regionals.

The banks just order an independent valuer to go out and value the property as if it were post renovation – so it doesn’t come to them assessing each of the individual items you’re paying for in the renovation etc – but the overall picture. The best thing to do is to compare it against recent sales in the market of renovated properties and then…[Read more]

Don’t use any ‘investment’ service which pushes new houses/house and land/off the plan – their business model is just to be a sales agent for developers where they get paid a commission. They have no interest in selling you a good quality investment, just earning $$$. Generally these properties underperform massively and a general laughing stock…[Read more]

Option 2 is ideal – and with the right lender this can be done without an application/interest rate change.

Best to speak with an investment focused broker who can weigh up the options – if your current lender isn’t ideal you may otherwise be able to use the time to get the setup restructured to save on both the owner occupied and future equity…[Read more]

Launceston is reasonable, however it has had a fairly decent size increase in prices in recent history so you’d be coming in at the tail end of growth unless you think its going to go to an exceptionally high growth pattern compared to it’s history. If entry price point is your primary concern then you can otherwise find property in mainland metro…[Read more]

Commercial in general doesn’t have the same amount of supply as compared to say residential property, but there is usually less demand too. This means that an area can have very few properties available, but still struggle to sell any stock available for some time.

Realistically the only option for you is to consider a broader search of other…[Read more]

Commercial in general doesn’t have the same amount of supply as compared to say residential property, but there is usually less demand too. This means that an area can have very few properties available, but still struggle to sell any stock available for some time.

Realistically the only option for you is to consider a broader search of other…[Read more]

Commercial in general doesn’t have the supply amount of supply as compared to say residential property, but there is usually less demand too. This means that an area can have very few properties available, but still struggle to sell any stock available for some time.

Realistically the only option for you is to consider a broader search of other…[Read more]

Definitely – use a local planner. They’ll have a firm understanding of the local planning laws/council and if there are specific requirements the council will be looking for, exceptions they’ve allowed in the past etc. This is incredibly important as it can be the difference between getting an approval or just being knocked back without any…[Read more]

It’s just selling something for more than the initial purchase price. Have to factor in any related government charges and taxes which will still be incurred.

The key to the strategy above is buying land/property which rises substantially in a short period of time. (ie in the example above the land appreciated in value by 24% in a bit over a…[Read more]

https://www.certuslegal.com.au/ – recommended and used by many investors.

As Terry noted – it’s possible to get a val done before registration – to make sure finance is all lined up so formal can be issued once registered – but you’re not going to get to formal approval and docs issued until it’s completed.

Straight away – you would be better using the cash funds fully towards purchasing your own home, and then a good investment focused broker can setup a line of credit/equity release against the property for you to be able to draw deposit funds for an investment purchase. This means you’ll have little/no mortgage on your own home (no/little bad…[Read more]

Terry’s hit the nail on the head.

The ATO is onto these sorts of ideas which can reduce the revenue intake for the government. :)