Organise insurance as soon as you sign contract – you do not want to have a damaged property which you cannot/won’t settle and lead to a long line of expensive legal issues.

Nice high voltage power nearby too as well – if you can walk away from this it might be the best option.

As Terry has noted – legislation is federal so you shouldn’t have problems with this.

Generally no real value gain if any for pools – they are very subjective as just as someone may love a pool, otherwise dislike them.

If you want to do it for personal reasons go for it – but I wouldn’t suggest you’ll increase your value by any discernible amount.

Pretty normal for them to deflect blame – it’s very common for the settlement teams to just plonk the funds anywhere. Generally not the end of the world and can be resolved – just a little tedious.

Cycling like that will help – ideally so long as it doesn’t auto close your account (some lenders will close accounts if they are paid down automatically), keep the funds in redraw up until you are about to settle and then transfer direct out of the loan account to the third party handling your settlement. (solicitor etc)

There’s definitely lenders out there who will work with people where a partner is on maternity leave. Depending on your servicing will depend what’s the best option.

Mat leave has been an area where the lenders have improved in recent time with their policy – in general we need to have a letter from the employer stating a return date, hours of…[Read more]

This isn’t just Westpac – all the lenders are increasing their interest rates significantly to bolster their funds to meet the BASEL requirements. I wouldn’t suggest jumping ship to another lender just because of your existing lender increasing rates right at this moment – you may find by the time you settle your loan the new lender might hit you…[Read more]

There’s not real method – that’s crystal ball gazing.

You can look at previous stats, but what drove those previous gains may not happen again so it’s effectively just you taking a guess.

Apartments though, supply/demand equation is terrible for them everywhere in Australia as they are built more and more – so you could very well estimate a…[Read more]

shouldn’t be too much of a problem- just a normal substitution of security. Security substitutions work a treat as long as:

*the owner of each property is the same
*the borrowers do not change
*there is sufficient equity in the end property to keep the total debts <80% LVR

Plenty of potential options – some lenders will look at this situation more favourably than others.

Speak with an investment focused broker who can sort this out for you. There’s a wide variety of ways each lender calculates serviceability, it’s just a case of using the right one for the right deal.

I find a lot of my clients regularly use Certus Legal – they’ve always been decent to work with from our end.

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What you do is draw a separate equity release against either the PPOR or investment property, interest only, offset account etc These released funds act as the deposit funds for the future purchase and any government charges.

When the future purchase is made, the remaining amount is then borrowed solely against the new property being…[Read more]

What you do is draw a separate equity release against either the PPOR or investment property, interest only, offset account etc These released funds act as the deposit funds for the future purchase and any government charges.

When the future purchase is made, the remaining amount is then borrowed solely against the new property being…[Read more]

Not a chance – you don’t get a warranty from buying a house. The exception would be for new builds which still fall under the warranty period, but from the sounds of what work you’ve noted I doubt there is anything way to get this re-mediated by another party.

https://www.dnrm.qld.gov.au/__data/assets/pdf_file/0007/369592/titles-registry-lodgement-fees-2016-2017.pdf

The fee calculation is noted here.

As per the registration fee, just another fee by the State government “just because”. They’ve got to find mechanisms to generate revenue somehow and sometimes its easier to trump up other fees than just…[Read more]

Nice and simple, as Terry has noted just keep the loan into two portions – so you can clearly define what is investment vs non investment use.

Borrowing against the IP security won’t play into the CGT considerations.

Looks like another place flogging off dual key properties in QLD – this kind of stuff has been around for a while and the numbers are always very optimistic.

Remember the important rule – if something sounds too good to be true, it probably is.

2.12% is abysmal for a return – with a tiny fluctuation in any costs or sale price and you’ve lost money whilst wasting months of your time.

Just like development, if you’re going to flip you would want to be making sufficient return commensurate with the time and effort being expended. And likewise look at your goals – is 5k here and there…[Read more]