Fairly common across the country. If there’s sufficient issue with it, some providers will no doubt market without that fee to gain market share.

What’s the saying about price and quality though?

Get a second opinion – it’s quite common that many borrowers will be told they can no longer borrow any further – but that may only be with one lender, or a limited panel of lenders.

If you’re well and truly out of borrowing capacity the only options are:

*earn more income
*reduce expenditure
*invest in a self managed super fund and OR…[Read more]

The Project’s slant is to base it on populist rabble raising arguments – which in Australia generally has a sprinkling of anti wealth, tall poppy syndrome for good measure. I wouldn’t be too concerned about the heavily biased pot shots from members on the show.

A fairly low risk in terms of % of properties out there – but this can be mitigated for the most part by having the property valued prior to a debt recycle.

Sometimes with the right structure you can have your cake and eat it.

PPOR would be a likely option for her – though it really comes down to specifics. Well worth careful advice in this, especially nearing retirement.

If she has a financial adviser it would be worth looking at her options with them – else getting in touch with one to provide forward advice so her pension isn’t impacted if necessary.

Very easy question to answer.

Pay down the mortgage, then release the equity as a seperate investment split. These funds can then be used for a deposit for a property.

You achieve the reduction in mortgage, but also maximise your tax deductibility by recyling the debt into investment use. Speak to a investment focused finance broker who can set…[Read more]

4 on 1 title definitely does limit your lender options. There are still residential lending options – but you need to get specific advice from a broker to ensure you’re not committing to a transaction that you can’t complete.

As per units vs houses – I think it comes down to your long term plan. If you have your investment strategy formulated…[Read more]

Just another reason to not invest in OTP/high density property in these markets – as they’re propped up by a distorted market which only allows overseas investors to buy one type of property.

I can’t see this causing an overall major impact on the rest of the Vic/Melb market – meanwhile its a tax increase that the government can put in to spur…[Read more]

And a far greater panel of commercial lending options than available through branch/direct to bank. This is especially the case for those looking to purchase with lending <1.5mil, the third party and non big 4 lenders generally outperform in terms of cost and features through their broker sourced products.

Great work Peter – it’s good to see people do their research and then commit to make a purchase!

I agree with Benny, when you have a chance it’d be great to see some numbers (and even a pic or two ;) ) of your purchase when it’s all settled down.

You are still eligible for the FHOG in South Australia, even if you already have investment properties. The specific rule is that you’ve never owned your own principal place of residence.

You do not need to make the purchase within a trust either. This is pretty common for younger buyers that we help finance in SA – they will get an investment…[Read more]

You are still eligible for the FHOG in South Australia, even if you already have investment properties. The specific rule is that you’ve never owned your own principal place of residence.

You do not need to make the purchase within a trust either.

the yield isn’t that amazing for commercial so that wouldnt make me overly suspicious – the purchase price would suggest it’s a C-D grade tenancy, which isn’t a huge problem but worth considering what the other tenant tool is at this level.

You should be able to shave a fair few points of that interest rate however, unless there’s some specific…[Read more]

There are so many markets in Australia, some are currently booming, others declining, others going sideways. Each at different points in their respective cycles.

So long as you’re financially in position the time is NOW – generally there will be a market available which will have the right opportunities present. You cannot always guarantee you…[Read more]

Capitalisation of payments is the primary benefit – the one thing to keep in mind though is you still want your property to sell ASAP. I’ve seen some nasty cases where the property has failed to sell for an extended period of time, the interest keeps piling up and it all starts becoming an expensive proposition.

For a well located normal metro…[Read more]

If you are to purchase a new property at this time – more likely than not it will be negatively geared – costing you money. There are markets which are exceptions to this, generally regional or outer metro Adelaide/Hobart. I’d be careful with regional as the supply/demand constraints are fairly low, so they don’t necessarily have the same capital…[Read more]

As per my previous post – if you have not signed a sale contract you have no obligation to complete so nothing to be concerned about.

Which State is the purchase? If there is no signed purchase contract you’re not under any obligation to complete a purchase.

Which State is the purchase? What are the contract conditions -subject to finance, anything else?

I’d be very surprised if kp who posted that post in 2004 will reply. ;)