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  • Profile photo of PosEnterprisesPosEnterprises
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    October 8, 2009 - 6:06 am

    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.

    Profile photo of PosEnterprisesPosEnterprises
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    October 6, 2009 - 5:25 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    October 6, 2009 - 4:09 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    October 6, 2009 - 4:08 am

    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.

    Profile photo of PosEnterprisesPosEnterprises
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    September 25, 2009 - 7:06 am

    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.

    Profile photo of PosEnterprisesPosEnterprises
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    September 14, 2009 - 2:59 am

    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 Interest Only and not paying down any principle.  Good to know now that they change the view on these types of loans.

    Has anyone here renegotiated a loan with RHG? I am stuck with them until I can leave which will be who knows!!!!

    Profile photo of PosEnterprisesPosEnterprises
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    August 28, 2009 - 12:10 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    August 27, 2009 - 8:37 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    August 27, 2009 - 8:35 am

    You can purchase a Door handle in Sydney! :)

    Profile photo of PosEnterprisesPosEnterprises
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    August 26, 2009 - 5:13 am

    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

    Profile photo of PosEnterprisesPosEnterprises
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    August 20, 2009 - 3:54 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    July 29, 2009 - 2:01 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    July 28, 2009 - 4:22 am

    So Richard are the big banks offering .7 with the professionals package.

    Only 2 months to go now.

    Profile photo of PosEnterprisesPosEnterprises
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    July 28, 2009 - 3:13 am

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

    Profile photo of PosEnterprisesPosEnterprises
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    July 6, 2009 - 4:17 am

    Thanks Digger

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

    Profile photo of PosEnterprisesPosEnterprises
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    July 3, 2009 - 3:21 am

    Thanks Terry nothing is easy that's for sure. 

    Profile photo of PosEnterprisesPosEnterprises
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    June 30, 2009 - 11:37 am

    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?

    Profile photo of PosEnterprisesPosEnterprises
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    June 30, 2009 - 2:35 am

    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.

    Profile photo of PosEnterprisesPosEnterprises
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    June 24, 2009 - 2:20 am

    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.

    Profile photo of PosEnterprisesPosEnterprises
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    June 24, 2009 - 1:38 am

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

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