Hey’ra redwing! Answers inline.

Quote:
Originally posted by redwing:

> Are you buying the block to put an IP on or a PPOR?

PPOR for a couple of years and then IP.

> Who are you building with and have you spoken to them re both blocks?

Haven’t decided on a builder yet – waiting for a response from a ‘designer’ who could give rough suggestions…[Read more]

Quote:
Originally posted by The Mortgage Adviser:
Don’t forget… the ING 5.4% is taxable and the 6.99% interest expense saving is not. It is a huge turn around!!!

Indeed!

How did you figure ING? I guess they’re the only institution that has rates at 5.4%…

Tell her to read this thread. If she doesn’t change her mind, I am happy to have…[Read more]

Quote:
Originally posted by The Mortgage Adviser:
Just regarding saving up for a new deposit, or anything else, when you have non-deductible debt like your home mortgage, you would be better served putting all the money into the loan if it has redraw or an offset account and the loan is interest only.

This makes sense – the hurdle was trying to…[Read more]

Quote:
Originally posted by The Mortgage Adviser:
I am interested to know…

> Why do you have to pay strate fees when you are buying a block of land?

The land is part of a ‘community’ which helps pay for the landscaping and upkeep of things usually the council supposedly takes care of.

> Why do you have seperate savings when you have a…[Read more]

Hi Jemm,

My wife and I live in a Brisbane City CBD apartment and our Body Corporate allows pets, as long as they are desexed and under 10 kilograms.

So possibilities do exist!

— M.

Thanks titch and jhopper. I guess it wouldn’t make sense to have a *sloping* concrete slab laid down as a foundation for a home… thus the use of stumps. The land is indeed on a sloping block…

Cheers!

— Michael-John.