Hi Alf,
Regarding the ANZ break free package, you can choose either of the following, an Access advantage account, ANZ One 100% offset, or an equity manager facility,

The break free package is ok providing you intend to make regular use of the no loan approval fee as this will compensate the $295.00 annual package fee,
Keep in mind, Discounted interest rates offered by rival credit providers are more attractive, if and when your total borrowing accedes $250K

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Beth & wellcome to the forum,
Factor in C.G Tax, selling costs and break costs on finance if applicable, have you consider the option of holding and accessing the increased equity for future investment? cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Aafreen,
A couple of tips on negotiating,
Estate agents will often ask, how much deposit do you have? The amount you disclose is used by the agent to calculate your approx. price range, purchase budget, this gives the agent the edge when negotiating with you on price, its wise to never divulge such information to an agent/vendor

Don’t be afraid or embarrassed to offer what you may think to be a low offer, sometimes referred to as Low Balling, you can always increase your offer if its rejected,
When negotiating on price, don’t round your figures to the nearest Thousand, counteract your rejected offer with increments of odd numbers such as $263.400, 2nd offer $264.100, 3rd offer $264.650 etc,
Ask the agent plenty of questions, such as, how long has the property been on the market, why is the vendor selling, what was the original list price, do they want a 30, 60 or 90-day settlement, has the vendor purchased elsewhere, Etc, some agents are forthcoming with this information while others may remain tight lipped,

A lot of Estate Agents, but not all, practices a common technique known as conditioning the vendor,
Briefly, this technique involves the practice of loading the sale price in order for the agent to get the initial listing, then subsequently over time reducing the price and the owners expectations with such comments as, “the market has flattened out, the feed back were getting from prospective buyers is that the property is over priced in this current market, current conditions” etc etc, this conditioning technique usually takes place over a 2 or 3 month period in parallel with the agents listing agreement, and resulting in the vendor reducing the asking price in different stages over a period of time,

Keeping the conditioning technique in mind and using the information gained from your Q&A with the agent, you should be able to establish if the seller is keen, keen motivated, or very keen motivated & desperate to sell,
BTW, I am not advocating taking advantage of others misfortune or being unscrupulous, but rather trying to avoid paying above market price.
As always do your due diligence & insure you have a building/pest and finance clause in place on any offer, If you need assistance I’m happy to help, cheers.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Linden,
$20K would get you approx. 2 $100K properties at 95% LVR, LMI capitalized, including purchase costs transfer stamp duty etc.

Regards
Steven
Mortgage Broker
Mobile Mortgage Market

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi JRW,
You will need to find Canadian credit providers who offer finance to non-residents,
Do a search on google for Canadian Banks or alternatively contact a few Canadian Mortgage Brokers and have them do the leg work for you, Here are some links to get you started,good luck.

Canadian Banks online
http://www.businessjeeves.ca/Banks.html

Canadian Mortgage broker directory
http://www.allcanadamortgage.com/

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Cheers Terry,

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Onemind,
You may want to explore the benefits of a trust,
As discussed here,
https://www.propertyinvesting.com/forum/topic/12469.html?SearchTerms=trust

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

I’m pretty sure GE Money won’t do self-certified in category 3 locations,
As terry mentioned Latrobe should be able to do this as a low doc construction, rates Approx.8%

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Dave,
The required deposit will depend on the location & LVR this can be anywhere between 20% to 5%, keep in mind any loan over 80% of the purchase price will require LMI (lenders mortgage insurance) You will also need funds to cover the purchase costs, stamp duty legal fees etc,
If you are entitled to the FHOG, you may be able to contribute this towards the purchase costs, I suggest you contact a mortgage broker and have him or her explain the options available to you in more detail, cheers.

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.

Hi Karen,
Have you spoken to someone further up the ANZ ladder, someone that may listen to reason.
failing this, you could threaten to take your business elsewhere and refinance the whole lot to another lender, this approach may cause a positive reaction, If you need any help don’t hesitate to call me, Good luck.

Regards
Steven
Mortgage Broker

[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Ph:1800 820 500
VICTORIA

PLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.