Forum Replies Created
Hi Jason
3 in a week is a bit much isn’t it?
Would you like a free home-loan checkup? Just kidding!!
I suspect now that finance for property is dropping the big banks are now starting to increase their marketing, forgetting that basic decent customer service is the best marketing tool, something the big banks have been missing for a while now.
Perhaps it was just a ploy to get you to take out a new credit card? Or buy that nice fancy car with one of their car loans?
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by brahms:my examples have been in the 350 – 450k purchase price area – i think the pressure is definately on for higher value properties
brendon your example was probably well above this pricing bracket being 3.5k’s from city/city views etc?
brahms
Hi Brahms
Around 400k Camp Hill, very well presented property. Probably could of got mid 400’s 6 months ago so no, I don’t think the vendors expectations were unrealistic.
And as for the higher end of the market, properties in Lifestyle river suburbs such as Bulimba/Hawthorne, New Farm etc are still doing well, although taking a little longer to sell.
At the same time, the best selling stock seems to be brand new contemporary designed homes as apposed to Qlders.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Hi Brahms
Just did a deal where an NZ couple had finance approved to buy a property here in Brisbane.
Then we found out after that they had a few bad debts in NZ so I guess it’s a question of whether you would want to declare it or not.
From their point of view it was an honest mistake because the application form asks for Assets and Liabilities here in OZ.
We will soon be able to check our client’s Baycorp in NZ too. So I guess it will only become an issue if there is a bad credit history as apposed to applications for credit.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by The Mortgage Adviser:Geronimo, you can get 100% here. What is the big deal about 90%???
The Mortgage Adviser
[email protected]
Ph: 0414 347 771Comments made are of a general nature and should not be construed as advice to any particular individual.
Yes thanks Rob. The thread is about Aus residents purchasing property in NZ with NZ finance.
I personally would never use equity from Australia to purchase NZ properties outright. Just reduces your servicibilty here!
I would prefer to keep it separate, and while doing that 90% seems to be the best we can get in NZ.
Regards
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Hi Terry
As soon as you can show 20% equity in the property, will this lender reduce the interest rate to the 80% LVR rates?
Good to see a lender over there actually going to 90% for a change though.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Hi Guys
Great to see a few Brisveganites on the forum. I don’t know of any groups besides the Somersoft group that meets once a month on the southside in Salisbury.
Besides that, we have just moved into our new premises in Park Rd Milton which is pretty central, and have a conference room in which we will shortly hold info and networking evenings with guest speakers such as accountants, solicitors and financial planners.
Generally this will be for our clients but we will make room for any guests that want to come along. And at least no-one is going to try sell you 15k property courses.
Let me know if anyone is interested in something like this. We think it is a great way to network and meet like-minded individuals.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]And what about those little Garden Gnomes? Don’t forget them!
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by The Mortgage Adviser:A P&I loan requires higher minimum payments than an interest only loan. This is obvious. Interest only loans mean your ‘liability’ is less each month.
The benefit of interest only is that if things go wrong, you are not stuck with the higher P&I repayments. You can pay more than the interest only so you can pay as much as you like. The benefit here is that you have access to all the principal payments you have made while your loan is interest only if you get a redraw facility in your loan.
You are right about paying it off quickly though. It is not deductible. Using the interest only just gives you a lot more flexibility.
Remember, any redrawn amount, if for investment purposes, is tax deductible.
The Mortgage Adviser
[email protected]
Ph: 0414 347 771Comments made are of a general nature and should not be construed as advice to any particular individual.
Another benefit of IO with a redraw facility with an increase in land value and a new valuation, you then increase this available limit.
This is beneficial in that when it comes time to build it may then be possible to borrow the full amount of the construction without having to tip in a further deposit.
This is why I love house/land deals here in QLD with the land prices still increasing in some areas you can do an IP with very little money down.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]TIP
Don’t take Kids or dogs when property hunting. 4 hours of toilet-breaks and Mcdonald’s and only 2 properties seen is not a productive day!
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by The Mortgage Adviser:There is only one answer to this question….
ME!!!
[grad][grad][grad][grad]
Not HK in disguise then are you Rob?
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by The Mortgage Adviser:Friends of mine who use ‘3’ Mobile regret it. They get cheap calls but they always drop out. Their network is hopeless to say the least – EVEN in Sydney.
Regarding 1 Cellnet, their calls are cheap but they sell through multi-level marketing. Another Amercian internet scam if you ask me. Calls are cheap, as was explained to me, because they go through the internet and not standard lines.
I do not like this method as it can be intercepted by any good geek with some computer knowledge.
I use 3 Rob, and it has had a few problems but on the whole has been fantastic. Sounds like it’s better in Brisvegas though than Sydney (come to your own conclusions why). Don’t mind the few hassles when I save about $500 a month on the bill.
As for using the internet to make calls on 1 cellnet, as far as I can tell, that is only one method. And yes it is run as a network marketing business.
Not sure about it being ‘Another American internet scam’ though. Have you investigated it fully?
Thanks for your responses.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Hi SIS
Have a look at this thread on somersoft.com
http://www.somersoft.com/forums/showthread.php?t=14497
As option contracts need to be tailored to a specific deal, I reckon the best info to get is from a good solicitor who has experience with option contracts.
Then again if you don’t want to pay $300 an hour probably best to look for a book, although I have never seen any on options for property.
Good Luck!
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]No surprise really.
Banks are in the business of making money for themselves and their shareholders(sometimes). Unfortunately they have forgotten the little people who helped them get there.
They have no reason to offer the discounted packages straight up unless asked for. Better to keep it in the vault for when the customer is thinking of leaving.
And how do they apply this strategy? Pay your staff 29k a year, get them to deal with the public, and the dollars keep rolling in.
I still have nightmares from the CBA!
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Thanks LifeX
Can you give an example of how much you spent on your mobile before, and what you may spend now?
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by JackFr:Originally posted by Geronimo:While I would agree that most property seminars are overpriced, and not value-for-money, if I had the time again I would still have gone to every one.
The reason I say this is the people I was able to meet and network with along the way. I have met some great like-minded people who have become great friends and business partners.
…. and you can’t meet these outside of seminars? it so happens that Pisces just pointed one out [biggrin]… oh and I’m going tonight Pisces [biggrin]… as a matter of fact I’ve been already… check out the attendence list [whistle]
What you got in Brisvegas then?
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]While I would agree that most property seminars are overpriced, and not value-for-money, if I had the time again I would still have gone to every one.
The reason I say this is the people I was able to meet and network with along the way. I have met some great like-minded people who have become great friends and business partners.
Unfortunately there are not too many organised property networking groups around so for me the seminars have been great.
It all depends on what you want to get out of it. If you spend 10k on a seminar, and get nothing out of it in terms of contacts and networking groups then yes, I can see how people would be disappointed.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]I agree with George
I have done this myself from the UK and it was a nightmare due to docs getting lost in the mail, time differences, useless lender etc etc.
Make it easier and less stressful for yourself and get a POA to sign the mortgage docs with your solicitor.
Sure you may get lucky and all will go smoothly, but if things go pear-shaped, it will get hairy.
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by geo:…hey, if any of u wanna listen to me give advice, I’ll be conducting seminars at the Sheraton this weekend for a once only $29,995.00. But Hurry, tickets are limited – only 10,000 seats still left…
…[biggrin][biggrin]just stirring u all….hahahaha….[biggrin][biggrin]
“If You never never ask, you’ll never never know”
Geo if you can make me 100k in 2 weeks as I’m sure you will promise I’ll happily fork over my hard earned dollars!!
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by yack:Hi
I lived at home till mid twenties, spent 2-3 yrs living in a shoe box in London with a household full of kiwis and aussies. On my return home rented for 18 months then decided I wanted my own pad.
Ah yes Yack, the good old days! I did 2 years in London in a 3 bed shoebox with 7 other Aussies and Kiwis. Now wonder I drank so much!!
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]Originally posted by AusProp:renting is a bargain – not many other things in life are funded by the taxman!
True John
And don’t you find it funny that you need the biggest room in the house for the home office?
Brendon
Acute Mortgage Reductions
http://www.acutemr.com.au
[email protected]
