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,

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,

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 comission of a conventional property management is around 7.7 – 9%, if you take all the annual maintenance and repair costs, you’ll end up around 16.5% or higher. that’s my expererience with my other properties.

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

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

Cheers,

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

Thanks,
Herman

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,

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

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,

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

cheers