Forum Replies Created
Not personally AdoubleU, although am / have done a bit of research. WIll buy a cheapy there soon however. Many are sceptical of regional areas, and true, you have to be sure that the place is not dying. That said, anywhere with a reasonable population, schools, and shops that has a bit of industry and is not too far off the beaten track that has property under $200k would be hard to go too wrong with long term you would think. The west/central/mallee areas are pretty limited, atlhough some people I know from the area I have been talking too feel Ararat and Stawellhave long term potential. Horsham seems to be OK. East of Melbourne you could look at Sale, Bairnsdale (save $$$ on washing your car every time it floods….heh heh) and closer Traralgon and also Moe on the low end of the price scale are worth looking into perhaps. All these arreas have shad some growth over the last couple of years – not setting the world on fire, but not a huge outlay VS rental return. I know there are a few on the forum that are happy with these areas – others would run a mile…….
RPdata 'free' suburb reports are a great place to get a basic idea of what is what when you are over in WAAll the best with your investing journey..
I agree with both above comments – when saying 'were' I was referring to the 'old rams' (now defunct as rhg, and a seperate entity to the reborn rams under westpac ownership) which I imagine is where the current loan would be with, thus the stiff exit penalty of around 2% unless the couple of special loans mentioned.
There is plenty of choice around at the moment that's for sure. Good there are some 'easy' lodocs around still too…..I think you will be in with more than a chance! (Did I mention welcome to the forum?) My 13c worth would be to offer the following points……remember 1) You don't have to buy a $300k plus property (there are reasonabel properties less than $180k in 'non mining' areas still worth buying – check out most of rural vic, some parts of SA, and there is still a bit left in Tassie) and 2) For investment property, the rental counts as income on your loan assessment, making it more 'agreeable' from a lenders point of view.
Now……..have a look at some property, and don't be afreaid to think outside the herd mentality. All the bestActually mcNorman is on the money…this package IS more 'competitive' than most if not all of the other majors, althought again it is horses for courses. If you use a credit card with rewards program, I think NAB may be the only lender that waives this fee as part of their 'choice package' (All lenders have a catchy name for their annual fee package. main diff between NAB and ANZ for example is that inclusion, if you and your partner/spouse have a gold credit card with rewards program it costs you ZIp in annual fees, ANZ used to slug for the rewards program still when i used this pack. Also, you can include the GOLD account with NAB, which includes no non bank atm fees, no overseas atm charge usig your savings access, and no currency conversion fees. That's why I chose it after looking around heaps. Whatever lender you have a 'package' with I say simply, use it to your advantage.! Cheers
wow. guy sounds like a real 'sharp pointy object'. I guess you want the house, but I would be talking to the guys employer – unless of course he is the owner. Reminds me of the time I had a Jenman agent (Professionals franchise) principal ring up the guy I paid to do a building inspection and blast him for being so critical and asking him to review his findinds and call me back. The builder gave him a serve too – as he was working for me. as a sidepoint, though, I keep tabs on the agent, and they are no longer a 'Jenman' agent. ……read into that whatever you like. However back to your issue – if you have the original contract, and the add in looks as obvious as you say, I think you could get them into a bit of strife – it is fraud – no two ways about it. All the best – hope it works out.
I have had quotes, but use AAMI, NRMA (goes against my grain, but need my IAG shares to stop plummeting
) usually. Terri Sheer appear to have thorough cover, but the premiums for property, landlord, and contents have been double the cost of the comapnie I mentioned.
Compare the features and excess, and see what you think.I have a slightly different thought at present. It is indeed a rarity (if not a first) to see a standard variable rate at three different rates with 'the banks', and such a variety of fixed interest rates. Tells a story in itself really if you think about it. But here is some food for thought…….
1) Banks are businesses. A business that does not return a profit, or loses money (or in the case of an ASX listed entity like the banks, DOES incur the wrath of shareholders if not showing significant growth and profits.
2) Fact – for whatever reason, the majority of people are simply too gutless to leave the majors. Many brokers push this barrow (which for anything other than a basic loan is fair enough too….) but essentially unless a bank says 'no' or a broker steers you elswhere (for the bigger commissions in that case usually) people stay with the banks – then complain. Go figure.
3) Regardless of what many may 'feel', if the likes of non banks and smaller lenders have been hit hard, of course the banks too will be hit, as between 40-60 % (rough guide) of loan funds does come from 'non deposit' sources. most have been saying not 'if' a non – reserve insitgated rate rise happens, but 'when' – no surprises really is there? Just check out the ASX to see what a rough ride is happening 'economy wise'.So……..the answer? Fix those rates, and make the most of any free services of 'professional' (so called) packages. Or show some spine and go to one of the 'securitised' non bank lenders……No? Did'nt think so.
Hi Bronte.
I guess the end call will be yours. RE .com is for agents, as are many sites, but there ae ones that do owner/private lisitngs (ie owner.com.au) although could be stressful, and not a lot of 'fresh material' on those sites.
If it is in tas, Vic, SA west of adelaide, or below sydney in NSW feel free to PM me with more details, and what you would consider selling for, and settlement terms/time.
Regardless, all the best, there are plenty of options, although with the work required I think you may be on the right track in off loading it. Please do not let that put you off future property investing/purchasing – it will just mean using a slightly differnet strategy for the property and area you choose.Interesting thread here. might add my 23cents worth. (in no particular order)
1) Everyone has to start somewhere, so experience, while important, is not the b all and end all. Unfortunately many brokers are ex bank staff, with a very limted overview of what actually goes on in the industry, having only ever really known one lenders viewpoint and policies. also, in some areas, many people are only buying there first or second house, and as an owner ocupied rather than investment, so many brokers (and lenders across the board) have very little opportunity to deal with clients having multiple properties.
2) Further to the above, along with experience, passion and honesty (integrity) are more important i believe. I have met some brokers that spend more time telling you about ther many years of experience and property exploits to the degree that it is hard to get a word in edge ways about your own needs – and when doing so you 'must' do things 'their way' as it is the 'best'.
3) Comments on the CERT IV FInancial Services (Finance and Mortgage Broking) I can relate to…….but from a different perspective. When I did mine, through a Sydney College, I spent hours upon hours of time completing it, doing every assignment there was, being thorough, and in all fairness it probably took me a couple of months in after hours and some weekends to do. (Distinction gradings all through though ) AND I have indeed seen others having completed a 'Cert4' in a couple of days in addition to some basic lender training – which makes me a bit cranky, as I felt it 'cheapened' all the time and effort I put into mine. Then again, on the other side of the coin, I have just done almost half (my Diploma in Financial Planning in two days! (not that I plan to proceed any further with it at this point) so there are definately some shortcuts in so many courses I think – and that is probably needs more regulation I believe……
A good broker should be a quick learner,make you feel comforable talking with them, ask you plenty of questions and show enough humiltiy to ask someone else with more experience (real time/life, not just years) if they are not sure of something.There – hopefully that will add to the above, and assist when choosing (if you decide to use one) a broker.
Qlds007 wrote:i spoke to NAB Qld State office on a deal like that during the week and they told me Gemworth would not do any expat dealsI believe NAB use PMI now instead, swapping from Genworth earlier on in the year.
) usually. Terri Sheer appear to have thorough cover, but the premiums for property, landlord, and contents have been double the cost of the comapnie I mentioned.
