Thanks Terry.

What if I have two properties that are cross collaterised and each has a market value of $100,000 and each experiences an increase in equity of $10,000, Under cross collaterisation, I now have total equity of $20,000 to leverage against as opposed to seperate equity of $10,000 under seperate loans with differnt banks.
.

Hi Julie,

applogies for not responding earlier.

Our total cost for this Hotel Room (which is less than 30 square metres in size and comprising a room with an accompanying bathroom) was $150,000. The tenant is the Hotel Operator who covers all of the outgoings, including (i) body coporate fees (ii) water charges and (iii) council rates. Given…[Read more]