Do any of these higher LVR loans apply for IP's or are we only talking PPOR's?Andrew

Richard, how do they work out servicing now if they don't use a calculator?Regards,Andrew

Hi M,Welcome to the forums!  Great to see your question.  I bet a lot of people feel like you do but just don't say anything.I've done one development and felt nervous and worried the whole way through it (there were many tough challenges)!  I think there just came a point where I had to 'jump in'.  I made a couple of mistakes that effected the…[Read more]

Hi Jon,Welcome to the forums!A good question to ask yourself is "what are my goals?"  If it is for passive income then buy and hold with CF+ is a great strategy.  A couple of things people regularly say about this is that you often sacrifice capital growth to achieve CF+.  An alternative is to buy a house that needs work and renovate before re…[Read more]

As of this year my local council calculates rates based on the CIV.  Not sure if it is happening across the board though.Andrew

There was a thread about an iphone app that may do something along those lines.  I haven't used it but others were recommending it.Andrew

You could check next door in Coburg?A good idea would be to buy, or subscribe to, Australian Property Investor.  Apart from their articles they have a section at the back showing 10 year historical growth for each suburb (also number of houses sold, 12 month growth, yield).  There may be some clues there.Andrew

Hi obvious,First of all welcome to the forums.I would recommend that you search the forums for 'housing bubble'.  Quite a few threads will pop up for you.Regards,Andrew

Hi Matt,Rather than demolish and sell vacant land why couldn't you select a block where the house is offset to one side.  Do a makeover on the existing bulding.  While doing that subdivide and then sell the vacant land and/or renovated house.  Saves on demolition and you would get better return than selling to vacant blocks I think.An al…[Read more]

Hi Darren,I haven't received my ITIN yet.  Anyone else?Andrew

Hmmmm, I've heard four months but mine took nearly two years after going through VCAT.  Even after being given a VCAT order the council still made objections delaying the process by 8 more weeks instead of stamping the VCAT order.  Thankfully my situation is reasonably rare (no good for me though).  Even more thankfully I turned a profit!  It&…[Read more]

Welcome to the forums Daniel.  It's great to see you've been working hard to reach a great savings goal in a short time.  A question for you … do you know what your life goals are, and therefore your investing goals?  The way for you to invest will be driven a long way by your lifestyle goals.  For example, if you want to build wealth it mig…[Read more]

I found this article http://www.smh.com.au/federal-election/nothing-new-on-offer-since-houses-that-kevin-built-20100805-11ktk.html An interesting read.  Although they haven't released their election policy yet the opposition spokesman for housing said there won't be much change to existing policy if the coalition gets into government.  At the b…[Read more]

Just curious, but why shouldn't people live on urban fringes if they want to?  Why should they be restricted?  Ammenities such as schools, transport and shopping areas will develop with it.  It has done this out towards Narre Warren, Cranbourne etc.  If people have a long commute to work etc., isn't that their own choice?  Won't increasing the…[Read more]

Hi scott. I'm sure they were using the median price in the 90's but I could be wrong.  When you say 'average' house price can you clarify?  Statistically an 'average' can be the median, the mean (several types), or the mode.  Each has it's own uses.  In the 2000's did they actually change the calculations or did they just clarify what type of ave…[Read more]

Hey Novus,I am afraid to say but it's the same experience that I had.  We even had a ruling from VCAT that we complied with 100% and they still wouldn't stamp the plans till we made changes.  I thought for a moment I was going to have to go back to VCAT to get the plan approved … AGAIN!Council also messed us around with the original plans b…[Read more]

Hi Philip,Here's a link to an article on the Victorian Premier's website http://www.premier.vic.gov.au/component/content/article/11321.htmlIt gives a bit of basic information between the lines of propganda!Andrew

Hi all,This is a link to a current thread re books to read https://www.propertyinvesting.com/forums/property-investing/general-property/4333118 Hope this helps.Andrew

Hmmm, very interesting.  I appreciate the comments.Fraud – we have already spoken with the banker and they are in full receipt of the facts so I cant see how that is relevant in my case.  It has all been fully disclosed.There also seems to be two schools of thought:1) loan in wife's name, me as gaurantor.2) loan in both names then jointly onlend t…[Read more]

I bought the right property (i missed some better ones but that's life), in the right place, with the right strategy.I didn't:Negotiate hard enough at time of purchase and probably paid about 10k above what I should have even though the numbers worked.Set up the property in the financially best way for taxation.I did:cross collaterlise my IP with…[Read more]