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  • Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    May 28, 2015 - 11:33 pm

    hi guys t , thanks for your help.
    i have just purchased a unit in Innaloo Western Australia! I used real estate investar for valuation , it’s a computer generate valuation. it says that my unit is worth 540k to 560k and i have compared with other houses in the areas , i think my unit is worth at least 540k . Some purchasers are willing to buy the unit for 540k. fortunately , the seller was desperate thus, he sold to me at 525k on the first inspection day. The median price is 600k for Innaloo. I thought i have bought at a good price but the bank valuation came back at 525k which is my purchase price. Do you guys think i can use the real estate investar valuation to convince the bank to increase the current house value?

    • This reply was modified 9 years, 6 months ago by Profile photo of siewlin siewlin.
    Profile photo of siewlinsiewlin
    Participant
    @siewlin
    Join Date: 2012
    Post Count: 19
    November 11, 2014 - 3:21 pm

    hi there thanks for your advice. i am looking for a good mortgage broker who does not work for the bank. any recommendation? thanks

    Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    August 26, 2013 - 9:41 pm

    oh thanks for all the comments . i'm not buying as PPOR but as an IP.

    Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    July 21, 2013 - 6:43 am

    sorry what  does CBA stands for ??? thanks

    Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    July 21, 2013 - 6:32 am

    hey , are u planing to sell the house in future ? if not then dont worry about the oversupply issue. ;p all the best

    Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    July 18, 2013 - 4:55 am

    hey so do u mean that property investing is just a scam ??? it make us work harder for the banks?? i'm in a junction now , life is very confusing right now . i have saved up some money and wanted to study medicine however, i believe that through property investing , it can give me financial freedom if i do well . please advice

    Profile photo of siewlinsiewlin
    Participant
    @siewlin
    Join Date: 2012
    Post Count: 19
    July 16, 2013 - 10:52 pm

    hey , A bigger loan means bigger repayments :-)  if i'm going for further my study in medicine with the help of help fees which means loan from the government will it affect my eligibility from borrowing money from the bank?? though my husband is working full time with a salary of 100k per annum , i believe since the dependent who is me not working , will the bank limits the loan amount which means we have to delay in expanding our property portfolio . please advice

    Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    July 16, 2013 - 10:11 pm

    hey thanks !!!!

    Profile photo of siewlinsiewlin
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    @siewlin
    Join Date: 2012
    Post Count: 19
    July 16, 2013 - 6:27 am

    hey property boy , thanks for your feedback. from reading all the magazines , it does tell us that investing in apartment has lots of hidden fees and no growth in land value so  what kind of property which u will invest ? please share your knowledge thanks

    Profile photo of siewlinsiewlin
    Participant
    @siewlin
    Join Date: 2012
    Post Count: 19
    July 16, 2013 - 6:01 am

    hi jamie, 

    Lease ends 15.01.14 @ $270pw

    – Water rates: $689.90pa

    – Council rates: $1137.83pa

    – Strata levies: $633 PQTR

    – Reserve Levy $49 PQTR

    interest rate 5 % for loan  $170000 = $8500

    total expenses =$12316.83

    total rent + $14040

    cf  +  $1723

    did i miss anything ? plesae advise.

    i'm still waiting for the agent to reply regards the property size.

Viewing 10 posts - 1 through 10 (of 10 total)