Thnx all for all the kind replies. Much appreciated.Looking for a investment property in Brisbane now. Have a qns : At the moment, the prices seems to be inflated due to the FHOG, shall i wait till FHOG end? in the coming months, there will be more job losses, hoping the prices will be corrected.CheersNit

kimandglen wrote:
Hi Nitrodrops,This will probably sound like a bit of a sell but maybe you should look into refund property. It is a branch of refund homeloans but is geared around 1st time investors and like the rest of their products it doesn't cost you a cent. They act like a buyers agent however they still make their money off the developer…[Read more]

god_of_money wrote:
Richard should be able to help you. I don't think he charges any commission up front.Solicitor… I always go to property lawyer… a bit expensive..200 dollars more than dodgy solicitor.I always asked for building and pest inspection… plus/minus ACCREDITED valuer

thanks for ya reply mate.Being a newbie,1.) can i ask why…[Read more]

mattnz wrote:
For 400k property at 2.5% that is $10k, so I imagine that would be an insult.I could recommend Richard Taylor (regular forum poster) as a good mortgage broker and I am sure he could point you in the direction of a great solicitor there.Personally I think it wouldn't be wise making unconditional offers.

Thanks for ya reply.Are you…[Read more]

living in Brissie, looking at inner-west areas.Met an agent today, and was quoted1st $18K  = 5%Thereafter = 2.5%I have been reading Mortgages magazines for sometime, what i need from him is maybe some less hassles1.)  finding a good mortgage broker2.) Solicitator3.) negotiating with the seller, able to provide expertise by judging the property i…[Read more]

Hijacking this thread for a while.Btw, what is the longest Fixed Rate lenders offer? I have seen only up to 10years for fixed rates so far. How about 15years or 20years?CheersNit

Terryw wrote:
IO is the only way to go in my opinion. 100% offset is great tooreasons (some):- Lower repayments- same interest savings as if paying in the loan- frees money up to invest elsewhere- Less tax complications if you need to – ability to pay like PI and reduce payments anytime without changing the loan

For IO only, if the loan is…[Read more]