First speak to Council and ask what the zoning is to see if you can subdivide.Then get a feature survey done and contact a private town planner to organise what can be done.  Here is WA it would cost about $30k to subdivide including all fees and approvals etc.

The propeller heads are at again! They will increase across the board and maybe some more.

PS. Steve Navra talks the talk and has a property portfolio and share portfolio working for him. He understands all aspects of planning!

Try Steve Navra he has a good reputation also based in Sydney though.http://www.navra.com.au/Have not used him personally though have been to his seminar and is quite interesting.

Don't worry now – RHG just advised me that they will not negotiate unless you pay a fee and start the whole process all over again.

Yes exit fees can get you especially with a non-bank lender. I was with  Rams and they set up with a 5 yr interest only loan on my PPOR so now I can't switch to paying P & I until 2011.  Also found out that if I want to refinance with another bank they did not like my loans being all Interest Only.Westpac advised me that I was only paying I…[Read more]

Thanks Mike well I won't be doing that then. 

Anyone know what the fixed rates for are 2yrears at RHG rang them can't get through!

You can purchase a Door handle in Sydney!

Sorry forgot to mention LOC against PPOR. Have not sold yet just seeking clarification and advised by accountant that can't claim it against income when asset sold.Thanks all

Thanks Wisepearl I believe once I build it I should be able to hang onto it via the rental Income.

So does Westpac stil offer .7% discount to borrowers of $500k?  Also what is the maximum LVR you can get without LMI

So Richard are the big banks offering .7 with the professionals package.Only 2 months to go now.

Are banks still giving out discount of more than .70% for new customers. Who are refinancing from another Lender?

Thanks DiggerJust not sure how to buy over East – don't know how the settlement process works over there compared to WA. 

Thanks Terry nothing is easy that's for sure. 

But Richard does it mean I can borrow less because I still have the outstanding debt that I can also use for myself against PPOR. If this is so it would be a fair advantage to own your PPOR outright then and just have all deductible debt against other IP's etc.Is that a better way to do it?

Can I also ask if you have a 100% offset accounta against your PPOR does this hinder you from borrowing more for IP's.  Should you aim to pay off the PPOR if that is the final PPOR you will live in.

Excellent I thought that but forgot, There is some rumblings in WA about the govt cancelling stamp duty on houses.  That will make things easier to buy a house hopefully.

Is anyone aware that there is a Bank of  China in Australia with low rates also!