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  • Profile photo of LearningsLearnings
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    @learnings
    Join Date: 2010
    Post Count: 7
    April 4, 2011 - 10:34 am

    Its also worth mentioning you can use the first home saver account in 2years.

    June 30 2011 – open account
    July 1 2013 – draw down

    2 years is better than 4 :)

    Profile photo of LearningsLearnings
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    @learnings
    Join Date: 2010
    Post Count: 7
    March 30, 2011 - 10:53 am

    Are cashbonds a thing of the past or just very difficult to excute?

    Profile photo of LearningsLearnings
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    @learnings
    Join Date: 2010
    Post Count: 7
    March 29, 2011 - 11:02 am

    Sorry just to clarify

    PPOR is un-developable

    So turn PPOR into IP and purchase a 2nd IP to subdivide off the rear.

    Has anyone sucessfully used a cashbond lately?

    Thanks

    Profile photo of LearningsLearnings
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    @learnings
    Join Date: 2010
    Post Count: 7
    March 28, 2011 - 5:24 am

    If you "cancel" the first home saver account then the money needs to be moved to your superannuation unfortunetly.

    With a high interest savings account, as QLD007 mentioned in post 2, this pays alittle less but gives you more flexability.

    Save save save like a slave until your 6months into a stable job, leverge into the market and go from there. Read up on genuine savings rules, and did I mention save lots!! This should set you up for a 95% purchase + costs.

    Best of luck and it stick to it =)

    Profile photo of LearningsLearnings
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    @learnings
    Join Date: 2010
    Post Count: 7
    October 14, 2010 - 1:51 pm

    In my 9-5 I’m a teamleader for outbound sales for a major telco & I had alarm bells going off all over when I saw Mark from massland.

    I have the 12 dvd massland set here and seen Mark from massland live.

    Very slick salesman, great assumptive sell and great use of emotive language. I think a big part that is commonly overlooked at his courses is stealing his communication techniques – cant deny his sales abilities regardless of the material delivered.

    I am still in novice stage waiting to finish my reno to open an LOC to fund an option deal, but the main issue I have come accross with many of the “popular” options models is councils RARELY subdivide without building plans.

    Makes the Option > sub > onsell abit tricky.

    Im in 3028 and town planning tells me “sometimes” they do it. All other councils I have spoken to say “no chance”

    Can anyone comment on their local council in regard to this?

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