To be perfectly honest I’m not even game to try and answer your question. If you need a good Lawyer to answer it try

Stephen Moore at
Blair anderson Lawyers
George St Brisbane
Ph: 07 32202622

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

Boutique Financial Planning
Subiaco Lvl 1/ 230 Rokeby Rd 6008 (08) 9381 8779

Call and ask for Cheryl tell her I referred you. Any problems email me and I’ll do what I can to clear them up for you.

Cheers,

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

Another thing that should be mentioned is that if you end up being stuck with having to pay Mortgage Insurance it only protects the lender NOT you. It is however able to be claimed as a deduction over the first five years of ownership of the property. Eases the hurt, but you still have to pay it and you don’t get it all back…

Stuart…[Read more]

My personal preference in relation development and the developers I know also state the same – if you’re not making 30% after interest and all other costs have been taken into account then it just isn’t worth it. 20% is acceptable if there’s a cost blow out which can happen but thats why you should be looking for the 30%. It covers you in the…[Read more]

Just be aware if the Broker you go to see decides your business is best placed elsewhere you may incur “break costs” aka Deferred Astablishment fees and depending on the Lender, Product, etc; these can range from a couple of hundred dollars up to 7%…

Just be sure you really are getting the best deal…..

Stuart Milne
Non-Conforming…[Read more]

Yep great except everyone here seems to have forgotten the Nab have their own Valuers employed and only outsource them if and when it is absolutely neccessary i.e; they don’t have one in the area.

They also tend to run with Drive-bys as the norm too. Which is great and shouldn’t normally pose too much of an issue except they consistently come…[Read more]

Something else which hasn’t been considered is the question on the FHOG form which asks is the property is through sale or transfer from a relative. Oh and Gifted properties aren’t eligible anyway – If you pay less than $7,000 for the property all you get is what you pay…

Stuart Milne
Non-Conforming Specialist
READY…[Read more]

Yes again.

I know of one 80% Lo-doc Comparison Rate of 7.06% based on $300k over 30 years loan term.

Again check if this product is suited to your needs, and goals financially.

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

The main reason display homes seem to be over priced is because in the pricing is everything that opens and shuts! You don’t get the standard home you get all of the bells and whistles, and the pipe organ too! Another point in relation to these is that most times the builder has to purchase the furnishings and you can arrange for these to be…[Read more]

I already provide my clients with regular updates either via email or snail mail as they prefer. I also offer my services to them for “mentoring” or management assistance in relation to their loans.

I also conduct Regular Reviews on their loans for them annually to ensure their loan is still up to date and right for their situation. It’s funny…[Read more]

Rockhampton is stable. Growth will Still occur in the Yeppoon Region and Rockhampton will naturally get some CG over the next 10 or so years, but given the historical performance and the fact there is really nothing in line to drive the areas growth I would suggest it won’t be much. Don’t take my word for it though you can do your research on it…[Read more]

Using the LOC for deposit and costs is not such a bad idea – But Personally I would put a split in your loan in order to simplify the accounting for your tax agent and to ensure you are able to see clearly how much interest you have paid as these costs are a tax deduction as is the interest paid on them.

Any decent Broker will be able to arange…[Read more]

I’m thinking here that there are 2 different answers o your question.

The first is you can afford to spend $X per week/fortnight or month.

The 2nd is you are comfortable spending $X per week/fortnight or month.

They can be two vastly different amounts. I know of couples who could afford to Borrow $750,000, yet were only comfortable paying off…[Read more]

Lets see if this one gets deleted as well shall we gents.

Yes I do. And without mortgage insurance. Loan Limits apply though so depending on the amount you wish to borrow and the security location type etc it may not be as simple as you would hope for but normally all can be done…

Stuart Milne
Non-Conforming Specialist
READY…[Read more]

The only “new” Goldmine I’m aware of is being opened near Charters Towers. There was some rumour about reopening Ravenswood though, which would answer the question.
My concern with Ingham apart from the flooding is the seasonal nature of the work available as many of the workers there are either Mill employees or contract harvesters/Haul out…[Read more]

10% Deposit in Queensland = Unconditional Contract This is why they ask for that amount. The completion date will no doubt be finalised. They obviously haven’t achieved the right amount of pre-sales for their bank to fund the project if they haven’t set one yet.

As for the Developer pulling out I heard about that one and it was the Funder who…[Read more]

Originally posted by Wylie:
Thanks Brahms. The apartment is on floor 20 with three bedrooms, two carparks, 8 square metres of storage space, two bathrooms, gym and spa.

Does that spec seem okay for $920K. Apparently they put down 10% now as deposit.

My friend’s father is happy but her mum is a bit worried.

Thanks, Wylie

Now I’m hoping that…[Read more]

Thanks Robo I was close!

Glad to be corrected.

Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
stuartm@readymortgages.com.au
Mob: 0404 056 055

The Railway yards at Acacia Ridge along with the Toll Depot, Woolworths Depot, and the major Transport Hubs are being relocated down there over the next few years. I would expect a subsequent rise in both population and CG for the area as a result.

Lets be honest – Why would you commute there from Brisbane every day? Or even from Logan? It is a…[Read more]

O.K. Here is another Scenario – Instead of selling the property, why not use it instead via a refinancing option. You can take $1m in equity still leaving you a buffer zone of $500k as a safe guard. Using this Money doesn’t have to be immediate if for instance you take it and place it into an offset account. This mean only the amount you draw on…[Read more]