Dear Joey, 

I am Hari Yellina, keen property investor. I am putting my 2 cents worth. Because, I have achieved more than 5 Properties and in my double digits at the moment. 

When I started first it was exiciting. 

1) I have attended lot of seminars, listened to every one of them, Bought lot of books and actually read them. 

2) Like few of the authors like Steve Mcknight and Michael Yardney and countless others. They all have a point and they all make us rich. 

It not how many we got. It about the quality of the product. Buying in capital is what made me very happy. In the process of buying properties, I have made few mistakes. I bought a property in Shepparton, thinking it was very cheap and will grow in price. It has been stagnant there for quite a while. All the properties I bought in Capital cities has grown in price and always tenanted. 

Dont buy a commercial property if you are a beginner, You will be feeding just the property managers. 

I have started to purchase with very less income and being self employed. Please post if you need more answers. Good luck for your investing. 

Please do read some of books by steve mcknight and Michael Yardney. Magazines don't tell you the real truth. Magazines, likes your stories. Real Estate Authors write with lot of experience. 

Thank you

Hari Yellina 

http://www.australianexporter.com.au

Dear Tom123, 

ANZ will not allow you to submit your Valuation. It will have its own Valuation. If you think it is wrong, Please contest it. They might look into it. 

But, Why do you need to buy property which is over valued. If you have a finance clause signed with the seller. Tell him, your finance hasnt been approved and cant buy the property. 

This way banks are protecting the buyer. 

Thank you

Hari Yellina 

Property Investor 

http://www.australinaexporter.com.au

Dear Gayle, 

Is this your first property. 

Thank you

Hari Yellina

Property Investor. 

Dear Gizzy, 

If some one is always on the forums and able to answer your questions. I think it would be a Wise choice to use them. 

Please do update on good seminars you went too. 

Thank you

Hari Yellina

Property Investor. 

Dear Jamie, 

I am Hari Yellina property Investor,  If ANZ want to send an Valuer, The Valuer will call you and take an appointment when he can check the property. Even though he might not go inside. He will call to make an  appointment. 

They will leave their details with you, therefore you can contact the company and see if you can put your case forward. usually, this not add any value, unless if you want them to show some thing unique inside the house. 

Thank you

Hari Yellina

Property Investor

Dear Tom, 

My name is Hari Yellina and keen property Investor. I had same experience with ANZ bank loans and gone through the Brokers.

I have purchased 6 Properties through ANZ through a Broker. 

1) Getting pre – Approval. 

Ans : It is the easiest process. Based on your information they will approved. 

2) Do brokers have contact to Valuers? 

Ans : In the past yes, Now the bank computers will assign a Valuer, even the broker doesn't know. Usually banks has 5 different Valuers, Once you property assigned it will go through a Valuer, which is not know by anyone. So, no one can influence the valuation. 

3) How can I know the Valuation prior? 

If you are purchasing in Capital Cities, ANZ usually don't send the Valuer to the property. That's the reason they will give you free valuation on properties. They do computer Valuation. Brokers don't have access to this. I recommend you to take an appointment in the bank, Please don't mention you are going through the broker. Tell them you are interested to apply for the loan. At the appointment, request them what would be the Value of the property. The lending manager will get a computer based valuation in front of you. It is free service. mostly of the buyers has no idea there is free service from ANZ. If you dont have appointment, they usually don't send the Valuation. 

4) Valuation on Country Side Properties ? 

If the property is Country Side. they will send an Valuer, who does a Kerb side Valuation, Usually, they drive past the area get you the Valuation and they even go by most recent sales data. 

5) Can I still continue with my broker ? 

After you have taken the Valuation, You can still go through your broker. Dont sign anything at the appointment, Just say you will be back. ANZ Valuation are very very conservative. This is 10 – 15 % below the market Value. to be on safe side. 

Tom, I am Hari Yellina and property Investor, I don't sell house. So you need more information. Please post your questions in the forum. 

6) Can I get recent sales information ? 

Ans : You can buy the data from RP Data or Home Price Guide, this will give you a complete analysis of your property. 

Thank you

Hari Yellina. 

Dear Luisafur, 

My name is Hari yellina. 

• First and foremost, Educate your self by reading books or attending seminars. 
• Save 1% of your salary for first month. 
• Every month increase by 1% 
• In 2 years you will have sufficient deposit. 

Recommend to read some investing books and acquire knowledge. 

Kind Regards

Hari Yellina 

Dear Freckle, 

I am Hari Yellina, Keen property Investor, researcher and Australian Exporter. I would like to mention few points on Chinese and Indian purchases in Western Countries. 

• 2% of New purchases are only done by Chinese and Indian buyers. 
• 80% of overseas purchases are from UK and USA 

Few sales from Chinese and Indian buyers wont hurt the Market at this stage. 

Lot of people in western countries have a assumption all the corrupt money is brought from China and India for Investments here. Which is completely un true. When a Investor wants to bring money from China / India. They will need to get approval from People's Bank of China and Reserve Bank of India. This banks work under strict guidelines. Where the money has come from once this banks approve, they are good as gold. 

Rest assured any Investments from China and India are not as most of the people presume to be corrupt. 

Chinese and Indians place a high value and deep respect from Western system of Investing and they place their in our hands with a high trust. Most of them are middle class families who would like to buy some property for their kids. Very few wealthy are buying big investments. Lot of developments which are purchasing land for construction in the capital cities are trading on Share market and they are public limited companies. 

As they place Australian is such a high regards, we should respect the Investors as well. 

I am keen Investor in Australia myself and in double digits. All the money we have earned to Invest in Australia, is by working 16 hours a day for decades and all our family goes works hard and save to invest in better economies. 

We do buy shares Apple Computers, Coca Cola, and google. Like anyone who have trust in big companies, we place our trust. Not because we are got corrupt money. 

Please post if you have any more questions. 

Thank you

Hari Yellina

Property Investor 

Australian Exporter.

Dear Gizzy, 

My name is Hari Yellina. Total loss for Geelong Job market will come around 1000. But remember, there is always new companies are opening up. 

In few years, Geelong will become warehouse hub for Manufacturing goods. It has become very expensive to warehouse your goods 30 KM from Melbourne. Most of this ware houses will be shifting Geelong soon. 

Geelong is not a mining town where 80% of the jobs are in one industry. Holden and Ford total .5% of total Geelong employment. As we speak there are few companies expanding in Geelong, because of its close proximity to Melbourne. 

If you already have an investment property, you dont need to worry. 

Thank you

Hari Yellina