1. End the the first home buyer grant … PLUS
2. Rising interest rates … PLUS
3. Scaling back of government “emergency” policies that induced economic activity ….
EQUALS
Definitely -> More defaulting mortgages
Definitely -> Flat prices
Definitely -> Bargains to be had
Possibly – Real Estate…
Well… Humble pie is what i am eating….You were right jonrob and qlds007….I got an answer of … " Sorry mate there is no room to move"… The IO loan is at rate of 8.56% with no fees…. which is what they advertiseI am excited about this IP though…. it is a ripper
Hi TracyMy beef with the NAB's fees is really not to do with property or mortgages…. it is more to do with my business, which happens to be a very high transaction business…. $15mil turnover with an average sale of $80 = a lot of individual business transactions = a lot of fees. $15 mil turnover might give you the impression that I am l…[Read more]
Sorry to slam the bank that you work for jonrob. I do have a tew frustrations with the NAB. The transaction fees are horrendous, and after being with the NAB for 15 years i am sick of these fees…. although the personal service has always been excellent… the NAB has never bounced a cheque on me even when I have been overdrawn…. they have…[Read more]
I bank with the NAB, and I can get approval there pretty easily… I am also going to negotiate hard for discount off their advertised rate (GIMME THE LOAN AND A BETTER RATE OR I'LL TAKE MY WHOLE FRANCHISE GROUP AWAY FROM YOUR BANK!!!!! …..…[Read more]
Thanks blueheeler and LA AussieAny chance at getting your best guess at what the depreciation figure might be? Maybe a "from this" "to this" number?I have absolutly no idea …. and I cant really the the report done until I own the property. Your best educated guess would really help me crunch some numbers.Thanks again