There has been one market leader in the home lending arena doing the similar things, i.e. waive the LMI unofficially and unannouced, for somet time; subjected to special request, and competetive situation. Since Westpac has officially taken the lead. Pretty sure the other major players will follow suit.
Good for the consumers

Cheers,

I am eager to know some answers and commennts for myself as well.

cheers,

Hi Michael,
Many thanks for your honest insight and comments about development. They are very invaluable for a novice like me.
By the way, Could you handle a development project in Sydney, in the near future?

Cheers,

Hi Michael,

I live in Sydney. I’ve sent you a personal email regarding the ground work you could do.
thanks for your reply.

Cheers,

I have a DHA property in WA. All in all I’m quite happy with the result(capital gain) so far. The followings are the points you have to consider if you want to proceed with DHA.
1. your main strategy is buy & hold, and focusing on growth/capital gain.
2. negative-gearing suits your situation.
3. hassle-free property management.

Though the agent…[Read more]

I don’t think that you could declare the outgoings as well, if the tenants agree to the proposition. Is it not the same with a commercial lease, whereby some of the expenses are paid by the tenants?

Cheers,

Thanks Martin. You help me answering the question from Thomas. Also, very much apprecaited for sending me the book. I finished reading it on the plane to Jakarta last week. It certainly is the very rocket I need to boost my motivation and spirit further.

Cheers,
herman

Try email to
info@martinayles.com
I’ve got a free copy from him recently.
It’s a very good book to me. Very inspirational and a lot of valuable insight.

Cheers,

It sounds to me, Martin Ayle’s workshop, promoted heavily throughout this forum, will suit your porpuse.

Cheers,

Nice One Dr X.
We have Dr X and Dr Y in this forum. Do we have Dr Z coming?

Cheers,

Welcome on board Martin. It’ll be wonderful to see your insight and wisdom shared in this forum.

Thanks,
Herman

I’s amazed by your determination and plan in property investing. My only suggestion is to keep nurturing your knowledge by reading, or attending seminars, and this forum. And keep saving from what ever income streams you could get hold of. After you can gather a certain amount, at least 10% of a property value, then you could start acquiring your…[Read more]

Like buying anything, it’s always proper to shop around, so that you could gain reference and comparison. As Len suggested, talk to several of them, see how good individually thery are. And choose the one you feel comortable and confident with.

Cheers,

Yes, an experienced & valueable member to consult with from time to time, especially for kiwi market!

Cheers,

Many thanks Jaffasoft. Appreciate very much your kindness of sharing the software with us. I’ll play around with it. and give you feedback if there is any.

Cheers

Realestate.com and domain.com might be a good place to start with, once you know how much your budget is.

I hope this helps.

cheers

I think the downsides are you could not borrow any more money against the property. Nor could you sell it until the the caveat loan is paid off, and the caveat itself being lifted.

cheers,

Chris,

You said you put in the vacant possesion being one of the conditions prior to the settlement. How come it’s still been settled with the tenants in it. I think initialy the onus should be to the vendor. what did you solicitor have to say?

cheers.

Congratulations and good on you. what was the borrowing ratio did you have. Did you manage the property yourself?

cheers

Apart from the regular 3 monthly inspection by the mangaing agent, an annual pest inspection, and the DHA property, I don’t have any such plan as mentioned. But, any opinion or experience is worth welcoming.

Cheers,