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also if i have claimed the first home owners grant on one of my other properties can my partner claim her grant on a property we buy together?thanks
Thanks for reply
That sounds quite interesting, Do you know of any lenders that do the second mortgage or are you able to set this up?
I actually emailed you all the details of my partner and i earlier today regarding mortgage advice.
Thanks for your time
Hi There
I currently own one investment property which i bought only 6 months ago…and have never lived in
I am currently applying to get the FHOG.
It states that if you own any residential property before 2000 you wont get it, but after 2000 is ok ASLONG as you have not occupied the property.
Go to the website and read again. It states that you may own porperty as long as you have not lived in it, Its a First home grant, ie living in it. I have checked with my broker also
If im wrong im about to run into a heap of trouble hahaHi beth
Im not an experienced investor yet with only one investment property and another a couple of weeks away, but i personally believe you need to take a look at the big picture..
At the end of the day if you not too concerned about immediate cashlflow and income from property then just keep buying in nearly any market. Property has and always will double in value every ten years give or take a bit.
Alot of people are predicting really bad things and yeah it could get bad, but the underlyng fundementals of australia are good, banks are in good positions, migration is still good, vacancy rates are still low in the right areas, interest rates currently very manageable, australia is in a good position overall and i personally think that it will not be as bad as some are predicting
I am buying property now and will keep buying in nearly any market, if your worried about where the market is going then keep you LVR ratio lower to absorb some of the markets bumps, but at the end of the day prices will double in years to come and will keep doing so.
In the mean time look for bargains, and keep you investments in areas with low vacany rates to minimise risk. Fix rates soon to keep comfortable.
There are many many doomsdayers that are up and selling property in the possible wake of the US crunch but in 10 years or even less they will be crying themselves to sleep wondering why they did not just modify their stragegy to cope during these times.
property is and always will be a no brainer in nearly any market.
It does sound like you are asking us to convince yourself a little also, if youve done research and have a safety buffer setup for the what if's then you are heading down a good path
personally im going to stick to SE QLDcheers
paulhey all thanks for posts,recently talked to a few solicitors, it is possible in a way, aparently, but i dont think i want to head down that road anyway after what some solicitors said.
I am not up for fraud and the bank would need to know of any extra clauses in the contract anyway
The guy is not bankrupt yet,and i am aware that bying well below market value is risky if he was.All i wanted to do was find a way to have an excess at settlment for renovations, due to not being able to re-finance for up to 6 months.
thanks all
