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  • Profile photo of ksherwellksherwell
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    @ksherwell
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    May 4, 2011 - 7:29 am

    Being an ex-real estate agent and having worked in multiple areas during high periods and GFC, I believe it depends on the area.

    Each suburb is different, with new transport, building or improvements making an area more desirable then another.

    For an investor this is a good time, values are down, there are a lot less competition and if an investor has the ability to hold they can make great profits.

    Profile photo of ksherwellksherwell
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    April 10, 2011 - 7:25 am

    I was a real estate agent within the western suburbs of Melbourne. I found videos a great lead gen source for 1st home buyers or Gen Y

    It also gave myself a difference among agents

    Profile photo of ksherwellksherwell
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    April 7, 2011 - 11:43 pm

    I believe you should qualify by going direct to the bank

    Profile photo of ksherwellksherwell
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    April 4, 2011 - 11:25 am

    Thats alright NSW2011, you are right the market is very competitive and I can tell you it’s booming. Just over the weekend I got 14 applications over NSW and VIC, 10 are refinancing. They are all after the cash backs from NAB, CBA and St George and their competitive interest rates.
    If I had Bankwest I could help you, but they are currently out of the referral market.

    Profile photo of ksherwellksherwell
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    April 1, 2011 - 7:01 am

    I agree with scott

    Profile photo of ksherwellksherwell
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    April 1, 2011 - 12:18 am

    St.George/BankSA is running a special Advantage Package discount offer for new applications received from Thursday 31 March until Tuesday 31 May 2011

    St George running new Campaign

    St.George/BankSA Campaign Package Discounts:

    $250k – $499k: 0.80% p.a.
    $500k – $749k: 0.85% p.a.
    $750k – $999k: 0.90% p.a.
    >$1m: 0.95% p.a.

    2. St.George 1.00% Discount Variable Rate Offer + $700 refinance rebate:

    This campaign will continue to run until Tuesday 31 May.

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 10:14 am

    Your not wrong there, never go to branch staff, they need to know too many tasks and thus can specialise in 1 field.

    I refer to mobile bankers, they only deal with home loans and thats it.

    I could refer to branch, but they stuff around too much and loan take a lot longer

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 9:59 am
    god_of_money wrote:
    My loan size is 750k…. But still competitive… Should complain to bring down

    Are you going direct to the bank or to a broker?

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 9:31 am

    Homeside pays trail

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 9:30 am

    Must of passed on the referral commission, I do it all the time

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 9:28 am
    Jamie M wrote:
    god_of_money wrote:
    They offered me 0.9% disc … so 6.9%… not too bad but not the lowest

    I am thinking about going to Choice package with 6.77% (my friend be able to secure it
    loan ~ 1 million with  65% LVR)

    I take it your loan was greater than $250k though?

    It has to be

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 9:13 am

    Yes I have done it before, going direct to the bank gives borrowers higher discounts

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 8:59 am

    NAB, i like it and they give the most cash back

    Profile photo of ksherwellksherwell
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    March 31, 2011 - 8:45 am
    god_of_money wrote:
    They offered me 0.9% disc … so 6.9%… not too bad but not the lowest

    I am thinking about going to Choice package with 6.77% (my friend be able to secure it
    loan ~ 1 million with  65% LVR)

    Thats not a bad deal

    Profile photo of ksherwellksherwell
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    March 30, 2011 - 8:15 am

    Option F is the safest by my view

    Profile photo of ksherwellksherwell
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    March 30, 2011 - 8:00 am

    NSW, I suggest you go with whichever person you are most comfortable with. Not all Mortgage house franchisees are bad. It’s sad some let the group down.

    FYI if she refers you directly to a bankwest mobile banker, she will be getting a 0.4% commission for the referral, might be wise to ask for some of it.

    All the best for the future

    Profile photo of ksherwellksherwell
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    March 29, 2011 - 11:03 am

    If you deal with a mobile banker, they can give you good sized discounts, thus the 6.8%.

    Have you looked at bank’s packages as you are borrowing $250k you qualify. eg: Nab choice package @ 6.97%?

    Profile photo of ksherwellksherwell
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    March 29, 2011 - 10:59 am

    Hi Haratio,

    You have a few things to consider.
    I believe she can access her super money now as she is over 60, but check with your accountant

    I don’t recommend renting the property out yourself, unless you are an expert in property management. It’s a big head ache and becomes personal for the smallest of issues.

    Should you rent it or stay? depends on other rental properties in the area, by the sounds of your post she may be worse off to rent another home.

    Profile photo of ksherwellksherwell
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    @ksherwell
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    March 29, 2011 - 10:53 am

    Hi Adam,

    It’s a hard decision, best thing is to get a property valuation and split 50/50 just as though she is selling to another person.
    Be aware you may be losing your 1st home buyers grant by doing this.

    In terms of expenses, I have found in situations similar it’s best to go 50/50 in everything from the point of purchase, that way no arguments.

    Profile photo of ksherwellksherwell
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    March 29, 2011 - 10:49 am

    It depends on your serviceability of the loan, the property will be worth more once subdivided

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