It’s dependent on each individual person, some can qualify for 95% LVR’s, others will only qualify for 80%. Anything else is just generic info which isn’t going to provide any real value.

It’s best you speak with an investment focussed mortgage broker who will be able to review your situation and give you advice on the best possible finance…[Read more]

With $1mil you get a lot of options opening up, so you can get a mix of commercial, resi, equities.

A decent net yielding CIP/s with a mix of resi can give a decent return – largely dependent what states you’re looking in.

Some markets up, others down.

I couldn’t possibly talk about the Australian property market in one direction as a whole, each market and submarket moves to the beat of its own drum.

Yes it’s been removed for a few weeks now. Not a huge issue considering CBA above 90% was never really a common investor space.

Westpac and St Georges reduction in investment LVR’s to 80% max is a big one though.

Depending on your serviceability and equity available, you may be able to remove your partner off the tile – though from the information you’ve provided it may be tight. Best bet is to chat with a broker who can review your situation and let you know if there is *any* avenue available for removing your ex off the title and loan.

I find it interesting that you’re offering on properties at what you’re suggesting in the peak, and that there will be definite bargains moving forward. How do you reconcile with that?

Property related ways – depreciation. Making a loss just from interest/expenses just to get a deduction is a mugs game.

In saying that, buying just for depreciation isn’t that a smart an idea either!

Your earning potential is unlimited, whereas your saving ability is limited.

Property related ways – depreciation. Making a loss just from interest/expenses just to get a deduction is a mugs game.

Jacqui has touched on an important point – it’s EXTREMELY important to find comparables to base your renovation works before starting – otherwise you can leave yourself open to overcapitalising, undercapitalising, misreading market demands etc.

As always the biggest profitability is in finding market distortions and taking advantage of them as…[Read more]

It’s certainly getting better but there’s still a long way to go – it’s very much a working class area (nothing wrong with this for an investment).

If you can get a property which is in decent condition in the area and CF+, sounds like you’re onto a winner.

A lot of clients have been purchasing in both areas over the last 18 months – as you’ve touched on the cash flow is reasonable with a few 7%+ yields. Renovation potential properties are abounds too, which are seeing decent revaluations if you keep to a tight budget and buy a neglected property. Another area which you may find a potential bargain…[Read more]

End of great forum and the beginning of another. Already a heavy shift over to propertychat.com.au which will no doubt continue. :)

I’m with Kinnon on this one – is there a specific reason she is being funneled to these types of lenders – is she credit impaired or some other adverse reason than she can’t source mainstream finance?

DON’T redraw on the investment loan. Best course of action is to cancel the redraw available, then setup a new loan split to release the funds needed. This protects the deductibility of your existing investment loan and clearly defines what is deductible vs investment debt.

This is a great case as to why you shouldn’t be paying directly into the…[Read more]

Be careful with the many ‘property mentors’ about, many are just Off The Plan sales shills who are doshing out low quality overpriced stock for developer payments.

If you feel like a professional assistance is required to start building your portfolio – it may be worth engaging the services of a buyers agent. They can be worth their weight…[Read more]

As Terry has touched on, completely untrue. The government always wants it’s piece of the pie.

One thing of worthwhile note for family transfers however is that lenders in many cases will accept below market value transfers as equity meaning the person receiving the property can finance the property with 0 deposit so long as the ratios stack up.

Each trust is also eligible for it’s own land tax threshold in SA. There’s a few more docs to sign with a trust/corporate trustee setup but your finance doesn’t necessarily need to be impacted all that much – it’s quite common these days.

The right lenders just need to be used (and at the right time) – this is where an investment focused mortgage…[Read more]

Each trust is also eligible for it’s own land tax threshold in SA. There’s a few more docs to sign with a trust/corporate trustee setup but your finance doesn’t necessarily need to be impacted all that much – it’s quite common these days.