Right! That's interesting…can you explain with an example of $1000, used for one month how, "interest calculated daily and paid monthly" varies in dollar terms from the 7.25% paid monthly?NAB $1000 One Month @6.80% = X?HSBC $1000 One Month @7.25% = $1072.50cBy saying 'interest calculated daily' is that effectively compounding…

Thanks, I checked that out at http://www.arabbank.com.au. It seems the 'cash management account' is slightly lower at 6.50%. Though the 'term deposit' rate is up to 7.50% of amounts over $5k and for periods locked in around six months.I'm looking to be able to withdraw the money at anytime.

johann22 wrote:
I have a friend who works at one of the four banks and he has said that his bank will be uplifting rates by .50%.

So the Prime Minister warns banks not to raise there interest rates and banks suggest that they are going to do the opposite. That's really listening to there leader.

I could justify a BA in your position considering you are new at this, for around 2k. And or negotiate a 1% to 2% purchase price payment. Explain everything you want as far as +CF. You might want something that has sub-division or development potential sometime in the future or a fully self contained Bungalow out the back that will help with some…[Read more]

This is a free comprehensive development feasibility calculator that might help you with getting familiar with the array of variables associated with a development transaction.

http://www.jaffasoft.com/developer/Developers_Calculator.html

How are you progressing with this Jase.

Deleted my post as post appeared in wrong thread!

It's getting close to 7 weeks have you heard anything from Council.

The problem with trying to work out the numbers is that $310k was what the agent valued it at during an inspection before the auction. They didn't say what it was bought at. How much deposit was used. Hold time or how much was spent on the renovation. When they bought the agent back after the renovation was completed he said,"wow this will add at…[Read more]

Hi Jess, thanks for dropping into the forum with your concerns.

I did a quick search in Google and found this web site which might be of some help. I have copy & pasted a bit of information from that web site below and provided you with the link that seems to be the official ‘tica’ web site you mentioned.

You can access this information similar…[Read more]

Curtainly hold property number one. With that cashflow coming in it’s a great investment.

Surely common sense should prevail in this.

The guy was 45 minutes late. Big deal. Plus the vendor already accepted the offer ‘subject to finance’ so he had already taken on the risk that it may not happen.

They we’re notified early. This is the reason subject to finance clauses are used.

I built that web site you pointed out but I’m ignoring that.

Though if we we’re digging up history it was Steve McKnight who created this and taught me the layout in this format. No doubt he learnt from someone else. Anyways.

I could see that what you had made has come from out of the blue and an expression of yourself and you’re own coding…[Read more]

I signed it!

Could you add a yield to that? And a few more input fields for the closing costs so could put things like initial repair costs, solicitors fees, conveyancing etc.

Possibly later on a function that lays it all out and is printable.

Is an offset account something that the banks (in my case NAB negotiations) know they make a lesser profit on?

As i suggested it to my bank and the guy talked me out of it.

But this is a simple little P&I. I want to and probably will pay a 6 month loan repayment to secure a buffer up front.

Name:Jaffasoft
MSN:jaffasoft@msn.com

fbd1 wrote:
Yes I found out about the $1.01 per week fee Centrelink charges…they charged me not the tenant. The tenant has to come into the office each 10 weeks & pay the shortfall of $10.10. It has only been 4 weeks so we will see if this actually happens.

That's disgusting that you turn around and bill the person on Centerlink that. How…[Read more]

I'm back to square one as I new NAB had agreed to lend against the property prior to submitting this post.The problem with this amount with brokers..I imagine… is it's too small amount and they want to 'pass the buck' they think, "bugger that" because the commission is not an attractive amount to earn for helping people. I guess the financial…[Read more]

It seems the sheep are following on! I think it was on the news last night Commonwealth Bank raising their rate.