Thanks phana007, as you might have gathered that I have so many basic questions. Can you list name of companies/brokers that finance low doc loans in Melbourne?

Thanks Trakka for the welcome. Australia is a great country and it is a priviledge to be here.djac

Hi Kum Yin lauThanks for sharing your first PI case and thanks for the caveat. Some clarification questions:1. I assume that you borrowed from the private lender against the property  to the amount of 60% LVR at higher interest rate . Did you borrow Before finding the job or After?  If Before, why could not you finance the property directly with t…[Read more]

Hi LA Aussie,South Africa is not a safe place where you can bring up your children. When applying for jobs back from my country of birth, I was told  that I must be in Australia for any prospective employer to seriously consider my application.  These 2 factors led me to resign without securing a new employment.  Now that I am here, I get told…[Read more]

Hi Nucopia,Excuse my ignorance, but I do not understand the jargon. What do you mean by I.P. and P.M?Regards

Hi Trakka,Teaming up is definitely is an option that I will be exploring… My personal challenge with this option is that I am new and I do not have friends or family to team up with. As for teaming up with other investors & property owners, I'd rather take over existing repayement with the original loan remaining with the current…[Read more]

Thanks Tracey for your insight into this topic of renting vs ownership. I will be renting. However, as a new comer to Australia without employment technically ,what are my options for property investment? For example, yesterday while i was hunting for a rental property, I checked a house for sale:Asking price : $300,000Stamp duty : $11,800…[Read more]

Thanks Marc,From property ownership and investment perspectives,  is Vermont the best/good location in the east? Does this suburb present growth potential? If not, what areas do you recommend in the outer/easter part of  Melbourne?RegardsJoseph