eyekew replied to the topic Equity Question in the forum Finance 13 years, 10 months ago
Hi , well & good but the actual amount of " top up / line of equity "you will be allowed to get from your bank will depend on your Income and serviceability of the amount of loan at either 80% or 90 % of total Value ( but at 90% you will be up for mtg insurance + fees and charges etc ) Simple formula you could use based on the informat…[Read more]
eyekew replied to the topic Finance for a block of 4 units in the 1 title in the forum Finance 13 years, 10 months ago
Hi , I am a small player in Investment properties but have a number of them over the past 8 years .I bank with ANZ and currently on a breakfree package -which allows me to apply for up to 5 loans with no application or establishment fees with yearly fee of $320 and discounted interest rates as the value of borrowings grow – which suits me fin…[Read more]
eyekew replied to the topic Property Growth and Equity in the forum Help Needed! 13 years, 11 months ago
Hi Twinkle this Quick formula may help to work out your Equity – If you want to Hold onto the Property as security – you can access the ' Equity ' in the properety ( if there is any ) if you sell your property then the diferance is " profit" or ' capital gain " in your case to work out your Equity – ( As a Guide only ) Purchase price / Bu…[Read more]
eyekew replied to the topic Selling Vacant block to Property developer with delayed settlement on block in the forum General Property 13 years, 11 months ago
Hi Steve , appreciate your comments and advice – you have explained it very well – we had investment rental properties in the past but this was a ' new one ' for us on our vacant block .We may consider the option, on examination of their 'Offer to Purchase' and the terms & conditions of that offer before we turn down the opportunity to sell…[Read more]