I cant help you with the legal side but I did make an offer on a duplex this week in the hunter valley NSW. I thought they were such an easy clever design that I am now thinking about buying a block of land and building the same thing myself.
It looks to me like they were 2x 2 bedroom granny flat type units, mirror image, side by side with a…[Read more]

Thanks for the advise. Looks like I wont be going any further with it then. back to the drawing board.

Maree-bradros What sorts of things qualified? I have an old house and didn’t think it would be worth it.

Agh! I got the eebee geebees and pulled the cash out anyway. Peace of mind!!

Thanks Shahabra. It’s Cameron park.

Unfortunately I didn't get that far.   The contract was signed by the competition before I could get finance confirmed.   They issued a 66w so I didn't want to risk it before I got finance aproved.    But when I find another property i'll still be wanting to get in there before the tennants.     Has anyone done it this way??

I don't  understand?   So how do I qualify for a 450k new home which costs me $80 a week.   I too have lots of equity and a salary of over $70k     I had no problem.   Why don't they use your home as security?       Why don't you give a financ broker a go?

Thanks everyone.     I've been ofered a product from my finance broker where my ppor is seperate from my other 2 loans.    The other 2 loans being my new ip and my original ip ( These 2 are combined )   Is this still cross colatterising?     Should I have 3 seperate loans or is this exceptable?