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Mark Game
Aylward & Game Solicitors
Level 9
193 North Quay
Brisbane 4000
07 3236 0001
Fax 07 3236 0005I’ve used the services of Aylward & Game a couple of times (although not for wraps) and been very happy.
Keep smiling
Felicity
Another interesting article regarding the Melbourne property market was in The Age today too… hope the link works!
http://www.theage.com.au/articles/2002/06/06/1022982745223.htmlKeep smiling
FelicityI had some thoughts on interest rates rising, all based on total generalisations!
Obviously interest rates rising affects business, and that’s one factor.
But a lot of the purpose of rising rates is to dampen consumer spending, in particular borrowing for houses. The thing that I find interesting, is to wonder how effective this strategy will be nowadays. After all, the biggest consumer group out there is the baby boomers, aged around 38-56. I would like to think that most of these people have either paid off their home or have a mortgage that is small in comparison to the home they own (okay, I know many have probably upgrade theirh ome and home loan accordingly) and therefore have a higher level of discretionary income. As a huge force in consumer spending, with plenty of discretionary income, are they really going to be slowed down by changes in interest rates? Maybe they’ve borrowed $30k on a LOC to buy a new car, but are they going to be hurting enough to really feel a few % interest rate rise? Unlike a first home buyer with a mortgage of $180k
Sure, I’m being terribly generalised here, but I do wonder whether interest rates are going to be as effective in manipulating spending as they have been in the past.Keep smiling
FelicityHi Luch
SRO = State Revenue OfficeKeep smiling
FelicityPlease refresh my memory – what’s are Rural A and Rural B properties?
Keep smiling
FelicityHi Stephen
I’m sure Steve is the expert on this, but I’ll have a go at outlining the way I believe he sets up his property wrapping structure.
You set up a trust, with a company as trustee. Each trust buys a number of properties, up to the point where it’s “full” – I don’t know what prompts this, but I would imagine land tax is one factor.
Then you set up another trust, with another company as trustee, and start again.
Hope that helps.Keep smiling
FelicityGood question Jamie! That’s what I love about this forum, I get to learn from other people’s questions too, often questions I haven’t even come up with yet!
As an add on to this question and regarding regional areas, Steve, I vaguely remember reading/hearing somewhere in your material that you don’t operate in towns smaller than 20,000 residents – is that right? Was there a particular reason for that, or just a personal preference?Keep smiling
FelicityHi David
90% LVR? Can you tell us who you’re sourcing this through? I’ve only come across low doc loans up to 80%.Keep smiling
FelicityOkay, hope this copies across okay! I’m looking for prospective buyers at this stage, to make sure there are some in this area!
Oh, this week I changed papers to one that covered some cheaper areas, and it became from $240pw. The headline was bold, it looked much better in the paper!!!
I’m aware that this area is not one of your favourite regional areas, Steve, but I really wanted to see whether I could do something to help people in Melbourne (right on the outskirts!). After all, people want to buy houses here too, so I figured there’d be heaps wanting to know more. My main potential clients are people with good jobs but not enough deposit – after all, to buy in Melbourne, even the outer bits, you need at least $25k and often $50k to get a loan.
All feedback welcome!LOW DEPOSIT!
Special financing!
Own your own home from $300pw.
3 bedroom homes available in this area now.
Phone xxxx xxxx
Keep smiling
FelicityEdited by – [email protected] on 29/05/2002 6:54:46 PM
Hi Steve
Re the comments on knowing which posts you’ve read or not – the folder changing colour does identify which threads, but not which posts. It is good that you can look at the times – the only problem, as I think someone else has already pointed out, is that the times don’t seem to bear any resemblance to Australian time, which makes it harder to think back and work out when you were last on!!
I have used a forum where each individual can set the time to display in their time zone, not sure if that’s possible here, but it’s good because it means that people from around the world can use that forum and each one feels like it’s local.Keep smiling
FelicityHi Chris
Go to http://www.legalonline.vic.gov.au
Click on Money Matters on the left
then choose Credit
then Credit – Consumer and Business Affairs Victoria
on the next page it explains about credit, you can download a pdf form at the bottom which you use to apply to be recognised as a credit provider (doesn’t cost you anything)
and under legislation you can also click on Consumer Credit (Victoria) Act 1995 which opens up the act and you can print it out.Keep smiling
Felicity
