thanks for that and i wasnt overly surprised about them pumping up their rates but i didnt know they could refuse to offer any fixed rates

there will always be a reason to wait,there will always be unpredictable factors … maybe prices come down …but maybe interest goes up very soon…maybe there is more to the subprime desaster and we get hit by a deeper crisis again …maybe the population will double over time …. if you are ready ,go ahead and dont look back , its better to…[Read more]

sorry,no offence…it depends where the box is, i assume … although it seems if you get one for 65k-85k in Brighton there could be a capital gain in it, since they have been sold for 150k + … could be a really great buy , i have no idea …i guess,i worded my question a bit tough… might be the best buy ever ,low price ,low maint., good…[Read more]

i dont get why anyone would buy a bathing box … 150k + for a box on a beach and if global warming continues you can take you box home when its flooded ??can anyone explain ?

you obviously make the purchase subject to finance not the sale …sorry

i think you make an offer ,to see if you and the vendor can agree on a price… you can do this without any written statements , just tell the agent iam offering 200k and i would like to make the sale subject to finance /building report…the clause will be incuded by your lawyer in the contract,make sure its included before you sign the…[Read more]

loan ranger wrote:
well, looks like that's happening. Every existing GE deal I have under 80% will be getting refinanced to the new FirstMac 3.99% product. It's a no brainer.

is that so??? …i just got told by my wizard branch, its all business as usual right now …no First Mac refinancing …the 3.99% seem pretty good but would be o…[Read more]

because when i first saw development company building in the area, i assumed that must be a pos. sign, they would only invest in an area, they consider to have rising demand for properties

sure they are after profit and they probably bought the land cheap and didnt spend that much on developments, compared to what they are looking to achieve on sales but as i stated above ,from my point of view it must be pretty difficult to find buyers because there is no real  incentive to buy 450k properties in that area…from what i gather…[Read more]

not sure if i understood your question properly but a low doc loan means low documentation …there are various types but has nothing to do with the deposit amount …

thanks Terry …thats great !! altough i do find it unusual, that the government doesnt put any restrictions on how the money is used ….then again the baby bonus has supposedly supported heaps of companies, that sell plasma tv's and noone has ever questioned that …iam happy to be able to get the grant paid out and use it for another…[Read more]

good point matt  thanks…..going to buy a cheap prop-house and land, not just land to build on,planning to hold on longterm, hopefully without to much outgoings and noticed av jennings developments around and not that its my problem but i cant for the hell of it ,figure out how av jennings is going to sell heaps of 450k properties in the same ar…[Read more]

i know the numbers have to stack up for the developers …price of land, return etc but they wouldnt choose an area that has no real growth perpective ? just because the numbers look good for them but they cant sell in the end

does anyone know if the FHOG can be cashed in if the property gets fully financed …meaning if i get a loan for the full sales price can i ask to get the 14k paid to me personally…i'd like to buy and have a back up in cash as well …or do they require this money to be used for the property …i could pay my interest from it

if you are not desperate for the money, you can even lend him half the purchase price for a certain amount of time and get the interest payments on top, at nine percent its not a bad deal … i'd say either way get a lawyer to set up a contract but its not unusual at all …Craig Turnbull has written about deals like that in unlimited cashflow…[Read more]

hey , Iam definitely not a guru but I know a single mum with a similar income, who has bought a prop…surely you can do it !! You would need a bit more money for a deposit ,I assume they would want 15% of the prop value  but why dont you call some loan companies and enquire about possibilities and go from there dont buy 300-400k places, look fo…[Read more]

interested in replies you'll receive< iam still very much a novice myself but  … seems like alot of outgoings to me ….thought the idea was, to have props that make money ,maybe negative gearing, at some stage for tax reasons, if you receive to much $$$ from ur investments but it doesnt look like it right now …anyway if your main concern is y…[Read more]

wow, congratulations !!!! and I still havent opened a trading account damnit

wow, congratulations !!!! and I still havent opened a trading account ,damnit

thanks everyone, just got informed about the situation… might work out all right , the tenant seems to be pretty decent and just got into a terrible situation …no rent owing yet , still got the bond , property is advertised 'for rent' and tenant is going to move out next weeksince there is no money owing yet I havent heard anything about an…[Read more]