Thanks Bootlace,Exactly my thoughts… I'm very skeptical but could accept an offer for a first home buyer if I could draw a contract putting all liability for either purchase or on sale in the hands of the prospect… The cover my a*? strategy !!!BUT… What I have found out today is it is a single middle aged man, not a first home buyer… The…[Read more]

STICK WITH THE BANK !!!Banks have been valuing and lending against property since land was invented !!!THEY know what cycle we're entering long before the general market catches on…REA and herd mentalities drive prices up… Banks follow conservatively, but then back off real quick when prodded by the possibility of high risk lending…We all…[Read more]

Qlds007 wrote:
Are they First Home Buyers ?If so why not sell it to them on an installment contract basis with the terms you mention above.In addition you assign the $17,000 FHOG to yourself and this is payable after possession so another lump sum payment.The $20K should be placed in a Term Deposit A/c in your name or at least in your Solicitors…[Read more]

Qlds007 wrote:
DjsDont want to be the bearer of bad news but unless you are putting in cash on all of these deals the mortgage insurers will be the ones who stop you not the Banks.Both mortgage insurers recatorgorised the whole of the Country over the last couple of weeks and are slowly pulling out of cover on many many small regional…[Read more]

I posted my previous comment after reading the first couple of pages of this forum…Since reading the last couple of pages I've found many posters have the lost the point of this topic and it's become a community notice board of advertising ???I hope this sticky doesn't get removed as there's a lot of positive experiences in here that really…[Read more]

5 years registered… 1 year actively scouring through forums sponging all your information. 4 years sitting on the fence waiting… waiting… waiting for what ??? I don't know ??? But banks can be cruel…Now I'm energised, 1st CF+ under my belt and ready to contribute…What a forum and still so many nay-sayers !!!I've been a self employed…[Read more]