I’d look at arranging your own independent building inspection – that should provide some peace of mind.

I’d also try and find information on other developments that the builders have carried out.

Cheers

Jamie

Cool link – thanks for sharing.

Cheers

Jamie

Hi Mayce

Welcome aboard :-)

It’s not uncommon to become overwhelmed. There’s a lot of information out there to absorb.

What are your general concerns?

Cheers

Jamie

Hi walking to run

Generally speaking – a positive cashflow investment will do more good than harm for your borrowing capacity.

However – banks will use different methods of calculating max borrowing so there’s no real set rule in terms of how much your borrowing capacity will improve when the rental income is increased by a certain amount.

Cheers

Jamie

Hi Lyn

Are you wanting your own valuation done for peace of mind?

As has been mentioned above – the bank will only lend against the valuation that they arrange….and the vast majority of the time, those valuations come back at the purchase price.

Cheers

Jamie

Most do – but there can be some quirks and it’s not always straight forward.

Cheers

Jamie

oh man – tell me about it.

Being based in Canberra – I see so many APS staff who have salary sacrificed expensive cars that kill their borrowing capacity.

Cheers

Jamie

Hi nannyc

Any particular reason why you’ve honed in on these markets?

Personally – I’d opt for Brisbane over the two due to stability as Kinnon as eluded to above.

Cheers

Jamie

Hi Jeff

Get a pro to sort this out for you – Terry has provided some good advice and has been around forever, why not hit him up.

Cheers

Jamie

Hit up this guy.

My clients use and approve :-)

Cheers

Jamie

Hit up Matt Knight 0410 720 989 precium.com.au

I had lunch with him yesterday – smart guy and good BA on the South Coast.

Cheers

Jamie

Use equity and keep cash.

Equity will be deductible – cash won’t.

Cheers

Jamie

Hi OP

Do you need a local broker? If so – where are you based?

Cheers

Jamie

Hiya

Are you looking to purchase in all three areas or just one?

If just the one location then it might be best to hone in on a BA that specialises in that area.

Cheers

Jamie

Hiya Claudio

If the lowest rate is the only thing you care about then go for it. It’s quite low.

Cheers

Jamie

Hi Darkness

Spend some more time educating yourself and getting clued up. I wouldn’t rush into anything right now until you’ve got a better understanding of what you’re aiming to do.

It sounds like your current broker isn’t working out too – perhaps consider getting a second opinion.

Cheers

Jamie

hit up Corey – good dude, great broker.

Cheers

Jamie

Hi Bozzie

Welcome aboard.

Why are you restricting yourself to only CF+ properties?

Agree with the IO loan with offset set up as mentioned by catalyst above.

Cheers

Jamie

Hey Mitch

Most people deliberate on whether they should use a 20% deposit or less – very rarely do they try to save more.

If you’re looking to buy IPs before a PPOR it could be worthwhile using an even smaller deposit than 20% and copping some LMI. That way you’ll have a larger deductible debt (IP loan) and more funds to go towards your PPOR…[Read more]

I think Darryl from certus legal may be able to assist. Give him a buzz and ask.

Cheers

Jamie