In summary… "property spruikers"..

Yes.. totallya agree with the valuer. it is overpriced by 10k… the selling price has 10k built in it… (marketing hype so called rebate)

Terry,Not a surprise move though.. unless heavily geared at 110%.Keen to see how the property value hold up against bank valuation if enforced as you mentioned

Nope, you can get FHOG/Boost without through the financial institution (i.e. you can pay with CASH)

I never had a problem obtaining the valuation from the bank.. Just ask

Richard,what is the difference b/w "offset redraw account" and "offset account"

Not such a free lunch Rudiga

I think it is fair… the IP portfolio should be reasess every 1-2 years to reflect the actual 'real' value.It applies to share(s) and managed fund(s) if they are heavily geared.. the property will be next target…. why must be different to other type of investments… GO GO GO ANZ…. Property guru alias 'spruiker' always preaches that property…[Read more]

sweeper2009,propertunity is  a buyer agent.. of course his/her recommendation is TO BUYdespite booming or glooming… because of COMMISION generated…

I don't think you can have reduced Stamp duty as you have previously owned "property"

disc from using health care concession card… never heard about it..

First Mac & Quickdirect both have a good deal at the moment. 1 year Fixed rate 2.99% and premium variable 4.8?% with offset account. Max LVR 80% with 750k Max lending limit. DEF is not too bad 2% in 1 year to 1.2% in 5 year.

Thanks for the info… very happy to see tightened lending criteria among major banks.  I hope it will drop even further to 80%This will have a big impact on property prices in the future…and  will eventually cool down the IP market.

BUY before you miss the boat…24k is good money.. tax free

Avoid at all costToo specific type of invesment

Yes… commercial rate is around ~8-9%

I would rather invest in Westfield Trust… 8-9% yield.CP is very risky type of investment… just becareful

Of course terry…Which Bank? CBA

Hei Phil,I don't even want to touch Nelson Bay for at least 12-18 months.Lots of mortgageee sales…

Most of the properties mentioned in the book are in the 'rural' or small town.And most of the teories are a bit outdated.