I’d be looking to buy something cheaper in Brisbane. Also remember in moving to Brisbane you will also save money on petrol/public transport costs. Which can also be factored in.

Financial Wellbeing Coach
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Development Finance Specialist

A couple of lenders have what they call a go-between loan for people in this situation. With this loan you only need to make payments on the existing property and the interest on the new property can be capitialised for 6 months allowing you time to sell the existing property.

Loans are at standard variable and they will go to 85% lvr on both…[Read more]

mcubed- to be eligible for fhog you would have to live in the property for 12 months.

erwin- How much would you need to borrow?
What is the postcode?

Financial Wellbeing Coach
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Development Finance Specialist

Erwin

Because the property is under 50sqm, it will be very difficult to finance. Do you have much equity/deposit? Does it have a kitchen?

Financial Wellbeing Coach
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Development Finance Specialist

I was out at Coomera last week having a look around. A town centre nearly as big as pacific fair will be going in there in the next few years. I was also talking to a big property developer today who has land up there and will be subdividing it in the next year or so. His opinion that this is the place to purchase property over the next 12…[Read more]

I run a Finance Help Line which is a free community service to help people who are having financial difficulty. email address: financehelp@optusnet.com.au.

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

I know there has been tax office rulings over the last couple of years regarding capitialising interest on IP Loans, but I’m not completely up with it.

I am a broker and have never and would never let my clients go in to loans such as this as I believe you should at least make interest payments on you IP’s.

There is also better Lo Doc Rates out…[Read more]

$100,000- x 7% divide by 12 = $583.33

Financial Wellbeing Coach
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Development Finance Specialist

Hi Brad

Is the $250 per week after tax or before tax?

Kerri

Financial Wellbeing Coach
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E:loans@pfsfinance.com.au
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Development Finance Specialist

I think I might have a couple of lenders for you.
I just need to know the name of the town.

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

Hi

You would probably need to obtain a Low Doc loan. With most Low doc loans, you need to have an abn number for 2 years, but there are a few Low Doc products where you only have to have the abn for 1 day and you can obtain a low doc loan.

Kerri

Financial Wellbeing Coach
W:…[Read more]

I’d done everything I’d wanted to do in my life by the time I reached 30. I had a fantastic career, quite a few investment properties and that was my life. Then I had kids(which was probably the best thing I’ve ever done as they bring so much enjoyment to ones life), my marriage fell part and I lost 1/2 of what I’d worked so hard for in the…[Read more]

I used to be a manager for a Finance Broking Company that was attached to a Property Marketing Company. When I was there we had to finance heaps of serviced apartments. The reason why the lenders don’t like this type of property is that there is a real limited market if the lender had to repossess the property as owner occupiers could not buy the…[Read more]

A friend of ours is the site manager out there, so we have been told exactly what is going in, how much the developer is spending and who the developer is. You will be amazed what is happening there in the future. Tip is also look at Taree, big development will be happening there in the future.

Financial Wellbeing Coach
W:…[Read more]

Hi Kinks

A good friend of mine is a mobile manager with one of the banks and she says that fixed rate loans are not neg.

Financial Wellbeing Coach
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E:loans@pfsfinance.com.au
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Development Finance Specialist

Some more 5 yr fixed rates

IMB 6.79%

Heritage Building Society 6.79%

Financial Wellbeing Coach
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Development Finance Specialist

Heather

I’ll check a couple of lenders for you.

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

What fees are you paying at the moment

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

I can relate to some of them and I’m on the gold coast.

Financial Wellbeing Coach
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E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist

Hi

What is the postcode of the town?

Kerri

Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:loans@pfsfinance.com.au
E:financecoach@optusnet.com.au

Development Finance Specialist