Thanks for the replies Richard and Terry,

I was actually hoping that we would be able to secure 100% finance for the development, which would suit both of us and we are aware of the need to both be party to the loan.

Richard you talk about a loan being flexible enough to make lump sum payments, have an offset a/c, etc and it is these area’s…[Read more]

Westpac has obviously seen an opportunity that fits with their goals and they have made a decision and taken action.

Of course there is risk associated with any venture, and time will be the judge of this latest move, but I’m sure Westpac will have all bases covered.

The opportunity to buy such a large property porfolio in the one deal at what…[Read more]

It is in our individual names….

Cheers

Hi Steve,

I’m also in a similar situation but with just the one partner. This person already has a loan, and after talking to a few mortgage brokers we have been informed that any borrowing secured against the joint owned propery, despite being taken out by me would require him to either be a guarantor or conversely joint lender if he so wished.…[Read more]

Doesnt look like anyone wants to share…. It does seem like people have their own idea on where is best but for fear of ruining their own chances wont share it with fellow investors.

Well to those people how much is that info worth to you? Will you sell it to someone such as Turnby and at what price?

Turnby i’m far from an expert on this stuff…[Read more]

Thanks for the reply Ezy,

The info on the areas in appreciated and I’ve been keeping an eye on the whole area in general,there is lots of opportunity atm.

In terms of builders is there anyone you would recommend? I am currently looking at Cavalier Homes and Morgan Homes? Are you familiar with either / both of them?

Hi pbatey,

I appreciate the fact that land tax data can / does change at times, but I really do think that ID should have all of these things up to scratch. When a product promotes itself as a serious tool for investors, one which will save them lots of valuable time, and at the same time charges them a considerable sum, then as a consumer I…[Read more]

Don’t use a LOC!

why is that? are there any major disadvantages in using this method of finance compared to others?