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  • Profile photo of Richard TaylorRichard Taylor
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    July 10, 2013 - 11:26 am

    Johk, Darryl Richards is your man.

    Good forum contributor and a wealth of knowledge in the Town Planning for Brisbane.

    Other than that a top bloke.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 7, 2013 - 10:00 pm

    Yes agree Leonie has acted for me on my last 200 transactions and known her for 15 years.

    Has also acted for 101 of my clients.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 7, 2013 - 9:58 pm

    Hi Lak

    Ok that certainly makes life a little easier.

    Tough part will be pure serviceability as a loan of circa $330K is going to virtually impossible on the information we have.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 7, 2013 - 12:41 pm

    Hi Lak

    Firstly welcome aboard and I hope you enjoy your time with us.

    The deciding factor will be the description of "casual" and how long you have been doing this as a 85-90% lvr not going to have much choice depending on the time.

    Would need more information to provide you with a valid response but fingers crossed you have been there .> 12 months.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 7, 2013 - 11:41 am

    Hi Connolly

    Welcome aboard and good to hear you are jumping on our Qld bandwagon.

    Can't go past Darryl Richards at HUI Lawyers in Brisbane

    Darryl is an excellent forum contributor and an expert in his field.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 4, 2013 - 12:04 pm

    Ok as long as you reside in the property for a continuous period of 6 months commencing within the first 12 months of ownership you would qualify for any First Home Owners Grant.

    Course depending on the purchase price of the property you may lose the stamp duty concessionary rate.

    Worth talking to your Solicitor about this.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 4, 2013 - 10:54 am

    Hi Minds eye

    Which State is the property located in?

    Cheers

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    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 4, 2013 - 10:07 am

    Agree nothing wrong with the Orange product.

    As with many lenders the amount of your loan will determine how competitive their rate is compared to others.

    Get your Broker to double check first before you jump ship.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 4, 2013 - 3:44 am

    Hi Telecaster

    As Nigel mentioned firstly welcome to the forum and I hope you enjoy your time with us.

    Certainly good to hear that your father has secure employment going forward especially in uncertain times of employment.

    There are a avenues for him to consider depending on the entity he decides to us.

    I have to say however i would not recommend buying vacant land in his Super and placing a kit home on the property as i think there are many more secure ways of creating a

    retirement income.

    Would certainly need more facts and figures to have a look at the numbers for him and make a couple of recommendations. 

    Whilst renting out room by room by appear to be a good short term return there are many issues in regards to lending, insurance that probably also need to be addressed.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 3, 2013 - 12:47 pm

    Kim Cannon the MD has been around for 20 years and i know him well.

    First Mac (or whatever they are calling themselves this week) have a suido offset account and agree with Shahin that seems to be some element of doubt whether their offset is a true offset as we know it.

    Your current loan with ING doesn't have an offset linked to it so if you have been already been paying down the loan and redrawing you may have potentially already contaminated the interest.

    Are you happy with a variable rate or would you look at a fixed rate with offset ?

    Cheers

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    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 1:55 pm

    Just taken an option on a site in Nundah which i will develop all going over the next 12-18 months.

    Done many a project in Nundah and love the area.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 1:52 pm

    That's right Sayan you have it in one.

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    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 12:58 pm

    You could probably claim a percentage of the running costs involved but would need to justify it with a log book etc.

    Cheers

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    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 12:46 pm

    Bang on Tom would be proportionally deductible.

    Cheers

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    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 12:19 pm

    Hi Donna

    I know exactly where you are referring to in regards to the new Murrumba Downs station and don't think it would be an issue.

    Just financed one on the other side of the road there and no dramas with valuation.

    Agree was certainly healthy rent return.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 12:16 pm

    Costs associated with borrowing the money required to purchase the property are not deductible upfront, they are deductible over the shorter of either the period of the loan or five years.

    Borrowing expenses include mortgage insurance, title search fees, registration of mortgage, stamp duty on mortgage and loan establishment fees to name a few.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 12:09 pm

    Only my opinion The actual research part is easy then.

    Cheers

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    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 12:05 pm

    Good spot Jamie.

    Yes i did report the post Abuse but never looked at the original post date.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 7:36 am

    Well as say JacM does it for a living so worth touching base with her.

    Course the information and years of research she has up her sleeve is intellectua property so she is not going to give it to you on a plate.

    Same as anything you can do it yourself or you can engage a Buyers Agent to do it for you.

    Must admit i have to disagree. I spend a lot hours researching areas i put my clients into and couldn't do it on the odd weekend or there.

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

    Profile photo of Richard TaylorRichard Taylor
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    July 1, 2013 - 7:32 am

    Hi Sandtracker

    Couple of quick questions:

    1) Which State is the old PPOR in.

    2) Did you cross collateralise the 2 securities ?

    Cheers

    Yours in Finance

    Richard Taylor | Australia's leading private lender

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