Just go onto Real Estate and put in your price limit and the State you want to look at first. You’ll get a huge amount of hits. (ie when I put in <500k in SA, theres 19,458 properties listed)

Otherwise you can use the invest tab and use the heat map to narrow down specific suburbs OR the neighbourhoods section to shortlist suburbs by median.…[Read more]

Just go onto Real Estate and put in your price limit and the State you want to look at first. You’ll get a huge amount of hits. (ie when I put in <500k in SA, theres 19,458 properties listed)

Otherwise you can use the invest tab and use the heat map to narrow down specific suburbs.

Seeing the title I was going to come into the thread to recommend Simon Loo – but I can see he has beaten me to the punch in responding to the thread.

I’ve had clients work with him and be very happy with the results and know many others who have used his services. Well worth having a chat with Simon.

Sounds good Zen. Feel free to give me a call or flick me an email.

Unless you didn’t enjoy the finale for ninja warrior like a lot of people last night!

Bank repossessions (mortgagee sales) generally aren’t cheaper than normal prices – they have to demonstrate they’ve made all efforts to sell the property at market value otherwise the vendor can sue the bank for taking advantage of their situation and underselling the property.

You’ll find most banks because of this will run auctions for…[Read more]

And what happens if the block of land doesn’t go up at all, or even goes down?

Investment strategies usually look good on paper when you assume the asset will definitely increase in a short period of time!

It completely depends on your total situation as to what you can afford – this comes down to borrowing capacity which Bank B appears to think you do not have sufficient capacity.

Speak with a broker who will be able to review your situation in depth across multiple lenders to find a solution which suits you. Offset accounts are pretty standard…[Read more]

Depends what you mean by full time investor? Most people who generate passive income from property generally consider that retired more than anything. There are those who also flip property full time (not very common long term in Australia due to it delivering poor returns after taxes, costs etc, and also full time developers which are a lot more…[Read more]

Horses for courses – there isn’t one preference to any group of people. I prefer having a larger block (we live on 2700sqm), whilst I know many people older than my household which prefer smaller.

The whole point on focusing on land content with most investors has been either regarding buying future developable land, or buying land which appeals…[Read more]

Good luck getting council approval for change of use. If this is a functioning high rise you have zip all chance of getting this done – the odd time it does happen is when the entire building/most upper floors are all converted to residential which is a rarity except for conversions on old office buildings than anything new.

You get a QS after a renovation is complete/post construction so they can generate a report for your accountant with the relevant claimable amounts.

The only exception to this is large development finance applications which require schedules done at the point of finance application to validate the costings.

You can only claim it once as a couple – if either party has received the grant before or owned property before they cannot claim the grant.

As TerryW has noted – you really need to get specific tax advice from an accountant/lawyer specialised in expat taxation arrangements. Otherwise you’re likely to be going down a path because you think its right, not because it was necessarily the best pathway/path of least resistence.

As per overseas corp trustee – Australian lenders will…[Read more]

Hey Valluvan.

I’d recommend a different strategy in terms of usage of your deposit. Instead use all of the cash funds as your deposit for your PPOR (principal place of residence) – then after settlement you could apply to release the equity back up to 80% LVR with a new investment equity release split. That way you’ve minimised the PPOR loan as…[Read more]

I think you’re muddling terms a little bit. Income isn’t about security for lenders – but serviceability. Security is the asset which the loan backs – the location of this the lender cares about.

Lets say you’re an Australian who moves to the UK and gets a job over there. You’ll be able to qualify for a loan in Australia for investment…[Read more]

There’s a big wide world outside of the big 4 banks which have lenders with more generous lending policy. Keep in mind that the regulatory pressure from the government is continuing to constrict these options – it’s good to make use of the options there whilst they are still readily available and cost effective.

^saves me explaining it more. ;)

Just to tidy up your questions a bit further:

Re; borrowing in a trust with ‘no income’ – the lenders don’t lend solely to the trust – they look at your personal financial situation and infer the income from that just the same as if you were purchasing in your personal name. (but looking at the tax treatment…[Read more]

I don’t think you quite got where I was going.

What could be done is:

*sell IP to trust – this would allow the poster to then reborrow for the property covering effectively the full purchase price and costs (ie lets pretend 630k – 105% of purchase price)
*OP then pays out existing loan and is left with 500k – these funds can be used to pay…[Read more]

I don’t think you quite got where I was going.

What could be done is:

*sell IP to trust – this would allow the poster to then reborrow for the property covering effectively the full purchase price and costs (ie lets pretend 630k – 105% of purchase price)
*OP then pays out existing loan and is left with 530k – these funds can be used to pay…[Read more]

I don’t think you quite got where I was going.

What could be done is:

*sell IP to trust – this would allow the poster to then reborrow for the property covering effectively the full purchase price and costs (ie lets pretend 630k – 105% of purchase price)
*OP then pays out existing loan and is left with 530k – these funds can be used to pay…[Read more]