Any residential or rural residential land is a marketable & saleable asset – but maybe someone might swap you with cash either way for a house near Brissy somewhere & you will have a WIn WIn ? All the best

Hi D,Well……list of 12 goals started last year, made two (just……. to date) Hoping 2011 will bring a few more to fruition.No purchase planned for a while – just pay down a bit of debt, and find a higher paying career!Working hard to finish my Diploma FS (FP) & my goal of losing weight to continues to be deferred further & further into the…[Read more]

Humpz wrote:
Looks like the NAB won't let me reshuffle the loan because it's under the Defence Home Owner Assistance Scheme or whatever – becuase it makes the property 'look like an investment property' even though it's still simply a residence.I'll have to crunch the numbers I guess. Being under DHOAS gives me a free $400/month off the…[Read more]

Hi Cathy G.You could have a play around with ones like this one to get a general idea, but as has already been mentioned lenders have their own 'weird & wonderful' criteria for servicability.http://genworth.com.au/lenderresourcecentre/ToolsandResources/servicingcalculator/index.htmLenders mortgage insurers like QBE & Genworth could be considered a…[Read more]

Hi Alfsta,I think in your above reply, your idea sounds good -if you're going to be there for a couple of years, and have FHOGS eligibility why not buy? Don't know much about the area, but have heard reasonable growth, more so Musslebrook.But your request of purchase prices VS growth is a bit like 'how long is a piece of string'? The important…[Read more]

Hi property info,This can definitely be a good way to set up a loan – ideal for an investment property.I think the ANZ is the only one of the big 4 to offer a 10 year I/O term – with 5 years being the usual.As far as rates go, you may find you will pay slightly higher rates for an interest only loan (or that offset is not available) unless you are…[Read more]

Tonally agree with Dan – if you have no emotional needs at all, or you don't believe owning your own home would make you feel more secure or fulfilled (I notice you have not mentione dhtis aspect) then maybe keep renting. But the opportunity to sell and make some CGT free money down the track, to value add and watch your home increase in value,…[Read more]

Hi Luiero…….my opinion only – No.Finance is usually a lot harder to get too, depending on size of property.Cheers

Hi magic32I am a big believer in relationship banking – ie, if you have accounts etc or a history with a lender, and are reasonably happy why go elsewhere to theoretically save time or money. Got a complex deal, time restrictions, your local branch of your favorite bank has a snotty nosed acne covered still living at home 'kid' as their 'Senior…[Read more]

Expensive but novel way to get your car 2 bobbed I reckon – sorry!<br /:-)” title=”>:-)” class=”bbcode_smiley” />

Hi somewhere over there,Unfortunately, as soon as LMI is involved the ball game changes – there are strict criteria with regard to land size, usage, zoning, loan purposes, and postcodes. TO give you a general idea, if the two majors you mentioned wont do the deal, I dont like your chances elsewhere. FOr example, with LMI you will likely find 5…[Read more]

jyon wrote:
I currently have an investment property in my name that I purchased before I got married. Never lived in the property, and rented it out immediately. After getting married. my wife and I were looking at buying a property together. She has never purchased a property before. Are we eligible for the FHOG considering it would be our…[Read more]

Hey Kaz,You don't mean 'Blue board' ?Cheers

god_of_money wrote:
v8ghia, ING mortgage simplifier = 7.12% with no application fee

Yeah I know GOM – but other than maybe a 'one off loan'  I'd rather stay with one of the majors – except Westpac and possibly CBA of course! Just saw so much carnage at the onset of the GFC and since…… Probably splitting hairs with the rates but…. Anz…[Read more]

HI,I have a landlord policy with NRMA with tenant protection and rental default that we self managed with no drama. I believe QBE are ok, and I am pretty sure AAMI. QBE are crud though unless you pay for rent default etc extra.Cheers/

to tdorgan. why on earth would you want to spend real money in order to lose it so you don't have to pay as much CGT on the money you made? And if you;re talking about uncovered options this a volitile and very high risk transaction – not for the average investor who want to minimize CGT…..

Hi Surrealist,Personally I would say no. THat said, CBA & Westpac have not been as competitive for a little while but smaller lenders, especially 'no name ones' and a lot of credit unions are all bad. And really, if y ou are only talking a few basis poitns why would you bother.Me? At the moment if I needed a (nother) loan, I would narrow it down…[Read more]

I'll start with a short answer – as a long drawn out explanation of the money  & fixed interest markets is too involved for me to type today!Generally, with the major lenders, 50 -60% of the moeny they lend us comes from the 'money markets' – with the rest from over the counter deposits. IN the case of fixed interest rate loans, generally these…[Read more]

Hi all,As far as the deductability of a loan goes (for investment) it is the purpose of the loan, not what it is secured against, that depends whether or not is is tax deductible.Here is an over simplified example to assist with explainingEG1You own a house worth $400k, and have a $100k loan owing on it.You get a new loan (any loan, Interest only,…[Read more]

None at all Justin. A title search will have cost them around $17 FYI. And if you did not even speak with them or contact them yourself you have no responsibility or liability legally OR ethically to pay. Sounds like a con based on the info you have provided.Cheers