westnblue – there’s absolutely no reason to cross coll, even if its “2 or 3 properties”. It’s an unnecessary risk and provides less flexibility, just for the sake of laziness/incompetance on the point of the broker/banker.

Dan: Best thing to get started would be to understand what your lending capacity and finance structure required for you to…[Read more]

Best bet would be to talk to a UK based lender – Australian banks aren’t going to touch it.

Except there is no universal rule dictated by the functions of the universe that a 20% deposit is ‘safe’, ideal or the only responsible response.

It’s not a matter of whether someone can save a 20% deposit, anyone who can save 10% can also save a further 10% – it’s about timing. If a borrower decides they would rather cut their saving time in…[Read more]

Except there is no universal rule dictated by the functions of the universe that a 20% deposit is ‘safe’, ideal or the only responsible response.

It’s not a matter of whether someone can save a 20% deposit, anyone who can save 10% can also save a further 10% – it’s about timing. If a borrower decides they would rather cut their saving time in…[Read more]

Except there is no universal rule dictated by the functions of the universe that a 20% deposit is ‘safe’, ideal or the only responsible response.

It’s not a matter of whether someone can save a 20% deposit, anyone who can save 10% can also save a further 10% – it’s about timing. If a borrower decides they would rather cut their saving time in…[Read more]

Reports which aren’t based on reality get quite boring. Fact is that most first home buyers:

1) do not necessarily NEED to buy a median property for their initial purchase
2) do not need to save 20% for their first deposit

But I guess it wouldn’t be as interesting to write a report on couples taking 18 months to save for a deposit to provide one…[Read more]

Steve_H – there’s a few Adelaide threads here, the archived Somersoft Forums and on Property Chat forums regarding Adelaide – an absolute wealth of knowledge on areas to purchase in and stats.

That’s correct – they certainly can foreclose and or require you to take on the debt. If this fails it will be on your credit file and can bring your personal assets into the mix.

Are you signing as a borrower or as a guarantor? Why does your nephew need you on the loan – doesn’t have enough deposit OR not enough income?

Which lender is the new purchase? That’s really poor planning, the broker should know your capacity in advance for issues like this.

You may very well be at your maximum, or all the options haven’t been explored.

That’s correct Ronnie. This opens options for flexibility in taxation and lending options.

Depending on the exact population centre, could shave the rate, increase term and increase LVR for cashout – or a combination of the variables.

Had an approval for 4.5% variable for a client this morning, another last week for mid 5’s. Both great loans for the respective parties, as rate is just one of the considerations at play.

Meanwhile they forcefully shed market share and have reduced profitability from higher deposit requirements.

All depends on the figures. Make sure you factor on how tax relates to this, ie. GST/CGT/sales costs.

If you’re going to make a strong $ and % return then sure it may well be justified, but obviously there’s not point going down any pathway unless it’s getting you to your long term goals in a reasonable time frame.

As mentioned above, still lots of options for credit impaired – dependent on the circumstances the results can arrange anywhere between marginally more expensive than mainstream credit to extortionate.

Generally first step is to get any debts paid out – ongoing unpaid defaults aren’t going to help you.

As mentioned above, still lots of options for credit impaired – dependent on the circumstances the results can arrange anywhere between marginally more expensive than mainstream credit to extortionate.

Arguably in a lot of markets this is the easiest time to ever find cash flow properties considering the historically rock bottom interest rates. Plenty of examples of cheap CF+ properties about – Adelaide is where a lot of these deals pop up: https://www.propertyinvesting.com/topic/5013494-adelaide-property-investment/

So long as the loan is interest only, the repayment will automatically adjust to the net figure achieved against any offset account balance.

Almost universally a superior option, especially if its a principle place of residence which you may turn into an investment property.

Outside of property spruikers, what does a property investor expo have?

Interest only with offset leaves you with the greatest flexibility regardless of the situation. The only time I’d suggest it may not be the most suitable is if the borrower doesn’t feel they can trust themselves with large sums sitting in their offset without using it.

Counter to Mikal, I’d still say even in an owner occupier situation it’s not a…[Read more]