The offer layout in my opinion is not important at all.Just email the vendor or real estate agent your offer something like….."I Nonnie E would like to offer the owner of <address> the sum of <$> for the purchase of that property."If you are serious about it and know you can get finance ask for a copy of the contract and take it to your…[Read more]

Lisa,You could buy a copy of Australian Property Investor and My Property Investment magazines and check the stats in the back of each of them. There is also a website that will tell you the last 15 or so sales in any street in the Territory along with recent sales in that suburb. http://www.nthomes.com.au give that site a go it is very helpful.O…

Just to clarify my earlier post, I have a different lender for my IP then my PPOR , I think this negates most of the problems of x-collaterisation. My IP lender has a second mortgage on my PPOR not my PPOR lender. Some may disagree and I would like them to explain the diffence betwen having the same lender. It is my understanding that different…[Read more]

HI Lisa,I Live and invest in Darwin and still believe it is a good market to buy in at the moment.Although people say that Darwin is at the peak of the cycle, I only see the market going up here in the near future. Demand is high as you can see by the high rents and the market has risen by about 4% in the last quarter on median prices. Population…[Read more]

I think you have guts and maybe it is worth a try if you have the time to put into it.I am only familiar with the Residential Tenancy Act in The Northern Territory but you will need to do a search on the Act in your state and read it carefully would be my advice.In the Territorry you have to issue a "Notice of intention to terminate for failure to…[Read more]

Terry's post was not up when I posted mine just as I finished lunch and posted.I can understand how that could be a problem though.I have taken this into account though and have about 100k in an offset account for reserves as well as disability and death insurance and income protection insurance so I think I took that sort of risk into account.I…[Read more]

Sorry Gezzy I don't need to hijack your thread but hopefully this info helps you anyway…Richard, sorry I still don't understand why I would have a problem…I have 48% equity in my PPOR and about 0% now in my IP… now if my IP due to CG brings my equity up past 20% I should be able to get my IP lender to remove the second mortgage on my…[Read more]

Qlds007 wrote:
ObieWelcome to the forum and I hope you enjoy your time with us.Agree with your sentiment but hate to say it is not all that easy depending on numerous factorsI intend to remove the second mortgage on my PPOR given to my IP lender as soon as my IP gives me a LVR of 80%, this will take a few years.

Thanks for the welcome  What f…[Read more]

Hi Gezzy,This is my first post on this site but hope I can help you a little.I used my PPOR equity for my first IP and it has worked out great.I borrowed 105% for my first IP using my PPOR equity as a 'deposit'. This covered loan costs and Stamp Duty.My lender for my IP now has a second mortgage on my PPOR (I have over 250K equity in my PPOR)In my…[Read more]

Terryw wrote:
So you would have loans like this:1. PPOR of $440,000 = this is secured against your home2. LOC of $124,000  = this is secured against your home3. IP loan of $240,000 = this is secured against your IP only

I think this should read…So you would have loans like this:1. PPOR of $316,000 = this is secured against your home2. LOC of…[Read more]

pvrpunnad >> Start a new topic, you have posted in someone elses Topic…Tommygun>> I believe this will help you http://www.oldlistings.com.au/ and it is free. You can only search by suburb but it does give addresses and what price they were listed for. (not actual sale price) I am in the NT and we have a great site up here that lists actual sale…[Read more]