Hi there,

I am working on small development of my own in Hobart at the moment. Three villas.

We got a low doc resi loan, 7.2% for the development from a company by the name of Firstmac Mortgage Management. 1800 651 898 (Brisbane). They will do a low doc loan for development for up to 4 dwellings on any site.

David

Hi there – I just purchase 2 properties in Hobart there are giving me a 7% net return, so when borrowing at say 6.6%, it is positively cash flowed from the start.

They are out there. And funnly enough, the ANZ bank recently reported that the Hobart market is the only undervalued capital city real estate market in Australia – by 13%