Selling the property now is terrible advice.

You will just end up paying entry and exit costs twice.

Firstly, are you getting market rent?
Secondly, are there any small and cheap renovations you can to do the property to increase the rent? (dishwasher/new paint etc)
Thirdly, if I knew what you know now at 22……I’d be ecstatic, you are way way…[Read more]

I can only talk about BrickX as its the only one I’ve looking into.

Seems like a well run group however a things I cant get past……
1/ Their PM fees seem very high
2/ Their “pre-purchase” structure seems prone to abuse
3/ their entry and exit costs are high’ish’ (though no worse than stampduty/agents fees etc etc BUT bricks and mortar…[Read more]

Depends on what you think he does with Chinese and the threat of tariffs (this is going to have the biggest affect on Australian economy).

This said money is getting a lot more expensive here in the USA, some people are saying bonds are oversold on the rapid move….but I’m not sure, I expect to see a lot of inflation here in the USA over the…[Read more]

Thanks for the link to the regulations Terry.

Unfortunately they seem to tell you about the “apartment” but not really where the money is going and why the strata fees are high.

But next time I get a strata manager tell me they don’t want to provide any info i’ll send them a form letter asking for the minimal amount and quote the regs just so…[Read more]

@Corey, lol try telling CBA about 3.5%+20% exchange……and that’s why they didn’t get our business. :)

Likewise you are right about St George not knowing what they want and no allowing us to increase our portfolio loan……and that’s why they don’t get our business either. :)

Westpac took forever to get approved and came back twice to make…[Read more]

lol try telling CBA about 3.5%+20% exchange……and that’s why they didn’t get my business. :)

Likewise you are right about St George not knowing what they want and no allowing us to increase our portfolio loan……and that’s why they don’t get our business either. :)

Westpac took forever to get approved and came back twice to make sure we…[Read more]

@Colin, Yep we weren’t asking for the Australian banks to take into account our NYC PPOR in anyway apart from repayments which like I said CBA screwed up by insisting on calculating the interest rate at 7.25% when our PPOR loan is a 30 year fixed at 3.5% and no matter what we did to explain that the loan was fixed for the next 28 years and 10…[Read more]

Yep we weren’t asking for the Australian banks to take into account our NYC PPOR in anyway apart from repayments which like I said CBA screwed up by insisting on calculating the interest rate at 7.25% when our PPOR loan is a 30 year fixed at 3.5% and no matter what we did to explain that the loan was fixed for the next 28 years and 10…[Read more]

renovation/repair fees of 1% if a unit, 2% if a house (you actually pay 2% for a unit but the other 1% is sinking fees etc to the body corporate etc).

I’m assuming this is your first property so under the land tax threshold but also adding in annual land tax payments.

renovation fees of 1% if a unit, 2% if a house (you actually pay 2% for a unit but the other 1% is sinking fees etc to the body corporate etc).

I’m assuming this is your first property so under the land tax threshold but also adding in annual land tax payments.

What sort of “Apra” help are you proposing?

I don’t know….. it was my understanding from the broker (who is active on the list here) that CBA was the best to go for as they treated my wifes existing IP’s and PPOR debt the best…..eg would let her leverage the most…..lol or not as it turned out :(

I don’t know….. it was my understanding from the broker (who is active on the list here) that CBA was the best to go for as they treated my wifes existing IP’s and PPOR debt the best…..(eg would let her leverage the most…..lol or not as it turned out :) )

I don’t know….. it was my understanding from the broker (who is active on the list here) that CBA was the best to go for as they treated my wifes existing IP’s and PPOR debt the best…..(eg would let her leverage the most)

I’ll be sure to post back here early next year with the details however because of Australian regulations loans will only be able to be written for expats offshore (I know what a weird quirk……can be written against Australian property…..but only if you don’t reside in Australia).

I figure my wife wasn’t the only one getting screwed over…[Read more]

Interestingly…..I’ve take that advice to heart :)

Still not official yet but I’m a 1% foundational shareholder of an offshore bank planning to do exactly that….!!

The irony that comes from St George knocking back expats working overseas on their portfolio loans might actually cost them more than they think…..

Interestingly…..I’ve take that advice to heart :)

Still not official yet but I’m a 1% foundational shareholder of an offshore bank planning to do exactly that….!!

The irony that comes from St George knocking back expats working overseas on their portfolio loans might actually cost them more than they think…..