I want to know too.  Is the low rate too good to be true?

Sorry, I'm just curious, still very new to the property market, I'm just suprised that there are still properties for less than xxxk, especially in Sydnye, have I mis-read this post?

Thanks again Richard!Wondering what time and where about you will be meeting with your forum clients in Victoria tomorrow, is it for anyone or appointment required?

Thanks Richard and engelo10,Thanks for your advice. Yes, Richard has definitely made me aware of the point regarding what if the government changes the law. I should not put my focus only on minimising tax. To re-adjust or correct my thinking in my first post, I would much prefer to have an IP which will put me in the neutural or postive geare…[Read more]

euro73 wrote:
Lamp, you mentioned that you are considering buying an older unit and renovating, OR purchasing an NRAS approved unit within the Casey Gardens development.  I personally believe the NRAS scheme offers you far more, but its really your decision. Respectfully, it doesnt sound like you have much experience or knowledge about the…[Read more]

Olauf98 wrote:
Hi everyone I'm a newbie. Apologies if the question has been asked before. Who are those lenders to borrow from as my understanding the big four are reluctant.

Hi Olauf98,I have asked Westpac and the loan manager told me that they do lend for NRAS property. Cheers,lamp1111

I agree with you Jamie, if we want to properly invest, we should always have experienced professionals in the area to guide us. I wish you are in Victoria Jamie. I am now putting a pause, no point to rush into investing in IP unless I have a team of professionals as suggested by you, even my world of investing in IP is very small in comparison to…[Read more]

Yes Jamie, I am getting 80% of my IP loan from Westpac, just got the loan entitlement 2hrs ago.  One of there financial consultant just told me that when I got the remaining from HSBC (where my Home is with), I should split the additional borrowing from the existing home loan (we have been talking about this in this forum), in addition, he…[Read more]

lamp1111 wrote:
Hi just visit HSBC again, where I got my property home loan from. The bank manager offered that HSBC can open a new IP loan for me, therefore 100% of the loan required for my IP can be borrow from there and my existing home loan is untouched.Loan 1 – existing home loanLoan 2 – IP loan offers as a package for 100% of $320K,…[Read more]

Hi just visit HSBC again, where I got my property home loan from. The bank manager offered that HSBC can open a new IP loan for me, therefore 100% of the loan required for my IP can be borrow from there and my existing home loan is untouched.Loan 1 – existing home loanLoan 2 – IP loan offers as a package for 100% of $320K, interest rate 7.17%,…[Read more]

Hi guys, I am so glad that I read Jamie’s advice before seeing the bank manager yesterday! The manager told me that I can borrow in two ways; 1. Borrow all from their bank; 2. Same as what Jamie told me J Initially, I didn’t quite understand why, but after further elaboration from you guys and my digestion system worked over night (couldn't slee…[Read more]

Thanks Jamie. My current home loan account is an offset account type, which I can access my money anytime, in this case, can I just take out the 20% from this offset account without increasing the loan of my current property? I then borrow the 80% from a different bank?Cheers,Lamp

Thanks TC and Jamie, greatly appreciated