Peter, how did you find out?

Steve, I just want to buy and hold, not for development purpose.But with the commercial rates, it is almost impossible to buy and hold

With the difficult lending and higher interest rates(commercial rate), buying a block of units becomes unattractive nowadays.Unless the return rental rate in the vicinity of >8%+, it would difficult to find the deal OR the vendor has to drop the price

did you ask for commercial or residential rates?

OzinvestSince you are insisted about 10 years rental guarantee… could you post the property in the forum for consideration?

RichardYou can get bank valuation (ANZ/Homeside lending), but you can't get the report though.

Block of units.. interesting to find out on how to finance it

Block of units.. interesting to find out!

???

Jodie.. why your response is always the same on each and every thread?

Jodie…I don't think it cost A$2000.. Last time I set up cost about 500 dollarsI totally disagree with you, not setup a DFT for purchasing property.there more benefits using DFT than notI don't want to hear spruiking around with TAX deduction or depreciation bla bla blasorry only novice investor that will fall into the trap

Terry/Richard,Are the main banks charging semi-commercial rate at the moment? Average resi and commercial?It would make purchasing block of units more difficult from now on??

BobToo expensive… 2.2% buyers agent fee..Unless you are securing A DEAL OF CENTURY

I have plenty of enery saving light bulbs. I got it for free during the promotion. Took 6*6 sets and will last for 5 years 

of course… after you bought the property.I won't depend on the depreciation for the invesment purpose (i.e. cash flow positive or cash neutral).Remember year 1 and 2 have the highest depreciation value… but then declined…You want a steady CG and rental income with potential future to increase the value. The depreciation is JUST AN EXTRA…[Read more]

SAS, but your rate is commercial rate = 8+%It makes the invesment become non-viable as the return for the block unit is often 7-8% plus other extra cost.

" I personally never buy property without using a trust"Not always true though for 1st PPOR.. get freebies FHOG and stamp duty the 2nd property onwards… yes definitely through DFT or ??? superfund 

CBA has been ranked as the most profitable retail bank in the worldprofit up by 54%the top 4 Oz banks have been ranked in the top 10 world banking industry

How about ANZ and NAB? NAB has been lagging behind the peers in pursuing lending growth?Are they more preferred than CBA/WBC?

JHK… did you apply through the broker or direct to branch?Richard, "Up until 4 months ago both taking on absolute rubbish ".. I thought they started to clean the lending books18 months ago when GFC hit the wall?