Alex Barton wrote:
Hi, is this offer still open?

Hi Alex – happy to help where possible, just let me know the details of the property you are interested in finding a bit more about. Cheers, Mike

Hello to all. Well it finally happened, my 120 report subscription with Residex wasn't enough to handle the volume of reports that people requested in September. Unfortunately this hasn't allowed me to do as much local marketing, using the reports, as I would have liked to. With this in mind I am going to have to withdraw the offer for NSW reports…[Read more]

Thank you all for your kind words and encoragement – I'm really glad to hear that people are getting benefit from my Residex subscription. I still have spare capacity on a monthly basis, so please feel free to spread the word. Cheers,

GOOD MORNING. Since putting up my original post I have had a good chance to gauge the uptake of my offer of a COMPLIMENTARY RESIDEX PROPERTY REPORT for people with property in VICTORIA, and I feel confident to be able to EXTEND the offer to people who own property in NEW SOUTH WALES.  So if you know of anyone who owns property in NSW, and who c…[Read more]

Good evening,I was just checking out my Residex property report subscription usage for the past few months, and although I’ve come pretty close to using it completely a couple of times, there is definitely more reports that can be run on a monthly basis. So if your friends, family and colleagues who own VICTORIAN property could benefit by ha…[Read more]

Hi Jack,In situation 1, where you live in the house and rent out rooms, there shouldn't be any issues with you claiming the FHOG. Issues will arise when/if you try to claim the interest as a tax deduction – any mortgage you take out is for owner occupied purposes, and is therefore (technically) non tax deductible. You also will not be able to use…[Read more]

Hi Graham – I have received the follwoing reply from Residex in reply to your question: "In an instance where a property hasn't been sold for a long time, it is unlikely that we will have collected attribute data on that particular property. In this situation we apply attribute data based on what is most likely for the area. For this reason, and…[Read more]

Hi All. Due to the ongoing demand for these complimentary Residex reports I’ve been offering, I'm unfortunately going to have to limit them once more to VICTORIAN properties only – I know this will not suit everyone, but it is what I have to do – SORRY. Ciao for now, Mike

Hi Adam, In response to your questions I offer the following: (1)    A lender may or may not perform a valuation when you apply for a loan. Often they will work off the Contract of Sale, or if it is a refinance they may rely on a drive by or electronic valuation, depending on the location and Loan to Value Ratio. (2)    The banks will vary rarel…[Read more]

Hi June2009, I can help you with your queries on Sunbury, as I have dealt with a lot of clients out there, from both an owner occupied and investor point of view. If you would like I can provide you with a property report for any property you are interested in, and I can email that across to you – just let me know your email address. Cheers, Mike

Thank you all for your feedback, and ongoing support – I really appreciate it. It is certainly an interesting time in the property market right now, and the mortgage industry is no different – the lender's credit criteria is constantly changing, they have implemented more stringent serviceability standards, and reduced their LVR’s. If you, or a…[Read more]

I believe Residex think they are more often than not within + or – 10% of the actual price of the property. Again this will depend on the number of properties sold in the area – smaller and regional towns seem to have more variance. The other thing these reports can not take in to account is if any renovations have been done on the property s…[Read more]

Hi Nit,Here's the link to the QLD FHOG form:http://www.osr.qld.gov.au/forms/fhog-forms/form-fhog-application-kit.pdf The exact wording from the form is:“ensure all applicants will reside in the home as their principal place of residence for a continuous period of at least 6 months commencing within 12 months of completion of the eligible tr…[Read more]

Hi Nit,I agree with tonyf387's comments.If you use a mortgage broker they "should" complete the FHOG forms with you (inc the bonus) and lodge them with a lender. The lender will process it with the appropriate state dept, and the funds are made available at settlement.If you applied for a $300k loan with a lender, they would take from that figure…[Read more]

It ended up going for $605,000 in the end – which is probably pretty good value. Decided not to put my hand up, as with the Business 1 Zoning you'd be looking at a maximum 70% LVR, plus stamp duty and GST. I would need to sell a property in NZ to settle on it, and the NZ market isn't exactly bomming right now. So best to wait and see what comes u…[Read more]

Good morning,Just a quick note to say many thanks to all of you for the great feedback, I appreciate it a lot.Recently I upgraded my Residex subscription so I can now run more reports and “all over” Australia, not just in Victoria as was previously the case. So if you know of others who could benefit from the offer, please feel free to spread the…[Read more]

Thanks everyone – I have now upgraded my subscription to cope with the number of requests coming in. Happy investing.

Hi Andy. I downloaded a copy of how each lender on my panel assess this criteria – I'm happy to send that across to you – just shoot me an email. Cheers, Mike

Good evening. The take up of my offer has been such that I have almost gone through my monthly subscription with Residex in April. With this in mind I am going to have to limit each person to one report for now. I have contacted Residex in the hope that I might be able to double my subscription with them – I will keep you abreast of any d…[Read more]

Thanks JL & all others who have added feedback. It's great that you have taken up my offer, and that the reports are of benefit to you. Enjoy the week, and remember the past deeds of those before us on ANZAC Day. Cheers, Mike