Hi Shralper

There is a free statement checker you can use on our website that Stuart developed.
http://www.prosolution.com.au/ps_docs/prosolution_doc091603_185728.html

Our clients have used it and it has proven to be accurate for them. You should try before you spend $100.[]

Josie

Hi Skater

I haven’t had expereince with Devine but from their ads you get the gist that they are charging a higher than normal interest rate of just over 7.5% for finance (with a comparison rate of over 8%). (I am not 100% sure of those rates but can recall they are close to that). This seems high in terms of what you can get from the banks but…[Read more]

My turn:

Why won’t sharks attack lawyers?

Professional courtesy.

Have a good weekend all!

Hi Ventura

Try 1300 880 224.

I have had a few people tell us that the website says 1800 but it is definately 1300.

Have another go.

Josie

Perthguy

Something also to consider is that if you are looking to wait 12 months, your property may probably increase in value in that time and you can have it re-valued and borrow against the new value.

Till then you should try and pay off as much off your loan as possible reduce your balance. Every extra dollar counts at the end of the…[Read more]

Hi Neo

The CGT will be pro-rated for the time it was an investment property so 19 out of 20 (years). It will be based the Fair Market Value at the time it ceased to be an investment property.
Like what you said.
Josie[]

Hi Harold

You are right, they are one of the very few (if not only one). However, look at the LOC rates Fixed 1 yr 7.00%, 2 yrs 7.25% – perhaps you can get better rates elsewhere.

Josie

Food for thought,

Those honeymoon rates always look attractive. But the comparison rate is 6.46%. The loan reverts to 6.55% and there are break fees for three years if you refinance or restructure.[xx(]

It is an ok deal but there are better deals out there.

Josie

Be aware Harry

If the loan is for residential investment – St George will require minimum income of $50K and minimum net assets of $175k.
If for OO – then these won’t apply.[]

Josie

Hi Fullout

You and Terry are correct. Yours is in the cheap end and $1200 is the most expensive that I have heard.

Our experience (from listening to our clients) is that you usually get what you pay for.

Don’t choose on price, look at qualifications and experience. They may save you in the long run.

Josie[]

In terms of household savings etc.

You should look at Anita Bell’s book – How to pay off your mortgage in 5 years.
The book only cost about $20 but has heaps of ideas for household savings.

I remember reading it and thinking that some were a bit drastic but overall the savings were there to be made.

Josie[]

Hi RSTARR

Also try

http://www.propertylook.com.au
http://www.realcommercial.com.au
http://www.mco.com.au

The last one is mainly Melb Offices.

Hope that helps[]

Josie

Hi One brick

I subscribed to Gardner and Lang’s eBulletin and have found it good reading in relation to commerical property. They are biased towards CP but their discussions on the cycles are interesting.

Find them at http://www.gal.com.au
Look at their eBulletin specifically 2001-01.

I have nothing to do with this site or gal but found it an…[Read more]

The mainstream lenders won’t charge you a valuation fee, if they perform a valuation and the loan is declined.

Some of the smaller lenders will charge you the valuation fee upon application and will not refund the fee if your loan is declined. This could cost you about $200-300. Should your loan be declined they shouldn’t charge you any…[Read more]

Hi Sterlo

Q1. IO or P&I?
It is advisable to repay interest only on investment property loans for the following two reasons:
a) It is more tax effective as you are only entitled to claim interest expense as an allowable deduction whereas if you pay P&I the whole repayments are not fully deductible as only a portion relates to interest expense;…[Read more]