^^ Yes you are correct, it is in Altona North! My point was that it isn’t in Williamstown as claimed. As for edgewater, had the pleasure of being there again today. Some dodgy ashphalting in that place. We had a stillage with some steel in it, a bit of weight but nothing too drastic… after we had emptied it we found that the legs of the stillage…[Read more]

blogs wrote:

THEHEATH wrote:
Blogs, did I read right, you think Edgewater is nicer than Williamstown? And to answer your question I was only as recently as two weeks ago working in the edgeater estate. A palm tree and some ashphalt next to a dirty brown river doesn't make a place a great place to live. It makes it less shitty than it could…[Read more]

Blogs, did I read right, you think Edgewater is nicer than Williamstown?

And to answer your question I was only as recently as two weeks ago working in the edgeater estate. A palm tree and some ashphalt next to a dirty brown river doesn’t make a place a great place to live. It makes it less shitty than it could otherwise be, but that doesn’t mean…[Read more]

Anyway, if you’ve got 700k to spend I’d be heading to Williamstown or even some parts of Newport to have a look at what you can get. Much nicer than Marybrnong.

beaniemonster wrote:
i agree with you blogs about peoples perception on the west being quite way off the truth. I love the one where 'Altona' smells like a refinery! Well i've been there for over 3yrs now and although i'm not near the refinery i'm a few blocks from the beach and i have never smelt it ever!!!!! we get the bay breezes and it…[Read more]

Nigel,
The reason equity will be eaten away is because there is a price slump….so you seem to be contradicting yourself a bit here. People will find it harder to access their equity as banks tighten their credit policiies.

The rise in interest rates will lead to difficulty in serviceability which will lead to people selling which will lead to…[Read more]

Since Terry W has spent so much time answering questions already allow me Cross Collateralisation is when you use one property as security to purchase another. ie. You may have 50k equity in your principal place of residence (PPOR) and want to use this equity to purchase an investment property, so the bank will suggest you use the 50k equity in…[Read more]

Out of interest, do you think you’ve made anything on it yet? Why are you selling, because you think obtaining finance in the future may be difficult?

Murray, speaking to some people who currently work in the mines I have been told it is much easier to get work once you are actually over there. For example one person I spoke to said basically interviews were held every Wednesday at that particular mine, all you had to do was show up.

Yes, perhaps look into the NEIS scheme (New enterprise investment scheme, or something like that). They can offer you help. I think it is a federal program, not a state one.

Nina I don’t have any invesment properties as yet so take my advice as you will. In my opinion after reading your situation I would be focussing on purchasing a PPOR. The reason being is that given your stated level of income I doubt you would qualify (nor would it be a good idea) to take out a loan for an investment property at this stage. Any…[Read more]

t4_ever wrote:
Guys you all forget that 3 big Uni (caulfield monash + clayton campus+Deakin) located on the East side. Where as the west only have 1.the question is do u all want ur kids goto good Uni ??? if so then the best place is the EAST…

Yes because where you live dictates which University you attend lol.

blogs wrote:

THEHEATH wrote:
Ocean? City in view? hahaa. Yeah ok, so there's "werribee beach" lol and the city can be seen from afar because there is nothing out there to spoil your view! But I'm just being a bitch, the real clanger in here is that you said it's only 15.20 mins uninterrupted on the on the highway-true may it be, how long do…[Read more]

blogs wrote:

THEHEATH wrote:
Ocean? City in view? hahaa. Yeah ok, so there's "werribee beach" lol and the city can be seen from afar because there is nothing out there to spoil your view! But I'm just being a bitch, the real clanger in here is that you said it's only 15.20 mins uninterrupted on the on the highway-true may it be, how long do…[Read more]

sienna1 wrote:
we are in the middle of buying in truganina.. right across the road from point cook. We are not from melbourne but researched it for almost a year and went from east to west and then flew down there and took a look. In my mind its a goldmine, all new housing plenty of shops and warehouses, schools, fantastic highways and the ocean…[Read more]

Cheers guys. You confirmed what I had suspected. Thanks for the info, this leads me to a second question. If I cancel a credit card is this reported on my credit report, in the same way a loan is reported as being cleared after the last payment? ie. By cancelling the cards will the banks clearly be able to see this or will they only see the…[Read more]

Why are they so reluctant to lend for these type of apartments? Many of these type of places have rental guarantees and pay what I would consider to be above average rent so……?

Of course you’ll be paying a higher interest rate on the personal loan so the aim of the game is to knock it over pretty quickly, which given you’ve able to pay off 10k off in 6 months I assume you’ll be able to knock it over pretty quickly

Break costs are what you will need to consider. To get around the not having the full 10% for a 90% maybe you can take out a personal loan to make up the short fall. I took out a personal loan through HSBC to get me over the line for a 10% deposit and then took out a smart choice loan with wizard as it didn’t require you show a savings history (or…[Read more]