1. If you’re relying on the money from the sale of that property to purchase the next then you’ll need to wait a year.

2. It depends on what you agreed to. Have a look over the agreement you signed with the agent.

Cheers

Jamie

Hiya

You can borrow extra for stamps/costs.

The only way that is possible if you have another property you can borrow equity against.

Cheers

Jamie

+1 for Sam.

Cheers

Jamie

Agree with Corey – you can define the property market as being on the decline or increase. There’s thousands of markets within the country – there are sub markets within each capital city.

I wouldn’t limit yourself to investing in the one location either. Identify areas which are on an upswing (reports such as Herron Todd White’s month in review…[Read more]

Hi Kunz

It’s as much a personal choice as it is a financial one.

FHB benefits are usually restricted to “new” properties – so you may not obtain those benefits in the future if you’re considering purchasing an established property.

Offset makes sense for keeping that money. You could move it into a higher interest account….but you’d pay tax…[Read more]

Trail books are generally in high demand – I know my aggregator sells them quickly and there’s generally a list of interested buyers.

If you’re genuinely interested then best to contact connective and ask them to keep you in mind when something comes up.

Best to offer what YOU believe it’s worth rather than what it’s listed at.

Cheers

Jamie

About 20 minutes.

Hey Liam

Best to surround yourself with like minded people (such as those on this forum) rather than discussing with family/friends.

Cheers

Jamie

C’mon Redwood – all the kids are using it these days :-)

Too Long, Didn’t Read.

Cheers

Jamie

You don’t need a preapproval – just make sure your offer is subject to finance.

Cheers

Jamie

The game has changed – it’s all about adapting and moving on.

More than ever is finance structuring extremely important. I wrote an article about the changes recently – it’s available here.

Cheers

Jamie

Somewhere between 4.5 and 5 would be right. All depends on the LVR and loan amount.

For longer term planning I’d use a rate of 7 percent

Cheers

Jamie

If the sellers aren’t happy – then I’d pull the ad and wait until you settle. It’s probably just a case of the agent not keeping all parties informed (which isn’t the first or last time a real estate agent has been guilty of that!)

Cheers

Jamie

I’m not a solicitor but pulling out of an unconditional contract generally results in you forfeiting a deposit plus possibly paying some form of compensation to the vendors.

What makes you think you’ve made a bad purchase?

Cheers

Jamie

Casual employment usually leads me to which bank :-)

Cheers

Jamie

Hiya

It depends on your strategy and demographics for the area. In certain areas – apartments/townhouses are the norm. Likewise with detached houses in certain areas.

If you’re look to develop/extend then a house is the way to go. If you’re looking for less maintenance – an apartment is generally better.

There’s heaps to consider. Personally…[Read more]

Hi bla

Technology – email/phone/skype, allow you to use professionals anywhere in the country so you’re not restricted to your immediate area. It actually ends up being a more efficient way of doing business – you don’t have to take time off during the day to travel to an office.

Cheers

Jamie

Hiya

You can stick with the same bank or approach another – just make sure the loans aren’t cross collaterised and it’s all set up correctly.

If unsure how to approach it – perhaps seek pro advice from a decent broker.

Cheers

Jamie

Hiya

The idea has merit – but I wouldn’t base an investment decision primarily on the location to health services. Especially not in rural areas. There would have to be other factors that make the deal stack up.

Cheers

Jamie