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How much the difference in terms of valuation ?
ANZ will give a free valuation…through breakfree package
Get the broker that know about how to do a deal
5% on IR for long term is very ambitious
The average long term is ~ 7% and RBA thinks that 7% is about right in the current climate (mentioned @ SMH last week)The problem is people who recommended to sell properties have NO property or money to invest or sell.. Talking rubbish only in every forums
amy.. using DFT makes some sense to hold the property.
I bought the property in Newcastle back in 2006 for A$342k. It was rented ~A$ 320, but I am renting out for A$550/week this year. It means that it is now CASH FLOW +ve and CASH to GILLARD's pocket.
I/O only account with Offset
Sorry to hijack the post
It is through NAB Broker… Choice package with multiple loans. Not sure how the deal get through…
Has anyone refinance because of cash out?
Normally it is only cash neutral by NAB up to 1kMy loan size is 750k…. But still competitive… Should complain to bring down
Have done this kind of deal before?
The reason it is so low because his accountant rebate 100% trailing commision into the product… making it 6.77%
I heard that it may be able to get 6.67% from NAB….thinking about doing the same thingWhich one? ANZ or NAB
They offered me 0.9% disc … so 6.9%… not too bad but not the lowest
I am thinking about going to Choice package with 6.77% (my friend be able to secure it
loan ~ 1 million with 65% LVR)Get ANZ Breakfree package with interest of 6.9%. It is quite easy to deal…
You may need to get a commercial rate for this type of property
The yield must be in the range of >7% due to risk associated with this type of propertyBuying from TIC…. hohoohoho
u should approach your "so-called" property mentor to sell it… not just buying it from themTo be honest, you might sit on negative equity
When did you buy them? how much? independent valuation?fee?
No input so far on this thread
where is ACC Union????
what info on NAB?
I rang ANZ today and be able to negotiate a disc 0.9% on breakfree package…
Treatened them to port to Westpac/NABAttempted to get 1% disc.. but failed…
Must be crazy !!! to claim more than tax you pay.
It depends the location of your property…
one of my IP 2006 = $320/week; currently $495/week and will increase it to A$550 next year… hopefully will be cash flow positiveIt depends on the location; value; proximity; condition; presentation; real estate management; supply/demand; etc
25% interest rate