Very very very limited chance of getting it through – essentially its against their policy, so you’re reliant on the policy being ignored as an exception.

Considering you only had 4-5 months in the previous role, I doubt they will accept this, or any other lender. 3 months in current role is quite reasonable, compared to many other lenders requiring 6-12 months in the same role before they would accept the income.

If you went into a fulltime role it would be very simple for the finance to be approved.

Definitely do not cross collateralise the properties – there is no benefit to you, but a whole list of negatives which can see you be limited in your future investment plans.

Dependent on the development type, your current lender may not be the most suitable option. Have a chat with an investment focussed broker who can work out the best structure for your interests – not the banks.

Most BA’s my clients have utilised are 5-12k max, dependent on the State, property price etc.

They certainly have their place, not everyone has the capability or skill to invest hundreds of hours into learning about an area and investment class – it doesn’t take much to make a mistake which will cost you many factors of the cost of a BA by buying in the wrong area, paying the wrong price etc.

I think you’re talking about a 80% LVR – aka paying a 20% deposit. You’ve got it a little wrong way around. I wouldn’t necessarily suggest it’s always better to pay 20% and avoid LMI – unless you have large deposit funds to continually make purchases without LMI, it can be limiting to slow your investment portfolio purchase timeline. I’ve written a little bit about the weigh up here: http://www.precisionfunding.com.au/lmi-friend-or-foe/

Stamp duty is also unrelated to your loan amount – whether you pay cash or 95% LVR – the stamp duty is the same.

Buy properties which help you get towards your long term goal and fit your investment strategy. Don’t have one – if you dig through the blog there’s also an article on getting a plan together.

My understanding about Weribee is that there is continuing supply coming on line all the time, which generally doesn’t bode well for capital growth. It’s very common for those buying in these large estate areas to see limited growth indefinitely and stagnant rents – be careful.

Property Chat also has a meetup section to the forum – a lot of active groups in each State (I know the Melbourne meetups are generally fairly regular too): https://propertychat.com.au/community/forums/networking-meetups.24/

There’s no material difference in paying for the entire purchase with a loan in terms of risk. What it does mean however is that you’re putting cash funds towards an investment purchase, which you could otherwise be putting towards your own home loan. The net result is the same debt levels between the personal and investment debt, but less of it is personal debt meaning more tax deductions for the same net costs.

Focus on building a strong investment lending structure, than rate. Else you can switch to a product which saves you $10 a week, but stops you from buying 3+ more properties. Which is going to get you closer to your goals and financial freedom?

Multiple pre-approvals means multiple credit hits, every hit decreases your credit score and makes you look less favourable in the lenders eyes. In the long term this can mean you can be DECLINED for loans even if you have strong borrowing capacity and assets.

You will find most of us brokers on this forum service clients Australia wide. Likewise many have quite substantial investment portfolios and specialise in structured lending for property finance.

What’s the valuation to be used for? Are you using it for research, or for bank purposes?

Keep in mind that lenders will need the valuer to be on panel – if commercial you may be able to organise your own valuation if they’re on the acceptable list, whereas residential will require it to be ordered through their own portals.

I prefer pricefinder for personal research of sales data, block sizes, easement overlays etc. Not a huge fan of RPData, its OK but prefer Residex for the simplicity of data provided and hitting the most important points.