I agree with some of the sentiments here.  I've got loans with all the Big 4 and find that they are not all that much different.  Sometimes ANZ seem to be the best and then CBA may be the best.  If you leave ANZ for another bank you may find that the next one may be even worse.

The key is to get a decent broker.  They can do things which I've…[Read more]

Chinchilla/Miles are very expensive if you want to buy new but not sure about second hand stuff.

You'd have to go out a fair way from Brisbane CBD (ie more than 15 km) if you to buy a house for $300K.  You may be able to get a unit but even then you will struggling unless you go a fair way out.

I have taken out a contract with Surat Basin Homes to build a house and land package.  I am impressed with their product, being far superior to anything else around.  I have been dealing with Di Ewen who has been more than helpful.There is a program on the Surat Basin, and in particular Chinchilla, this coming Sunday 9th May on ABC Landline at 12 midday.

Terryw wrote:
If it was subject to finance then she could get out of the contract, but it seems this was an off the plan type purchase. Long settlement. In that case no vendor is going to take the risk of a purchaser pulling out at the last min so they wouldn be unlikely to accept a finance clause, or if they do limiting it for a few…[Read more]

I still can't understand why you couldn't  get out of the contract through the finance clause.  You mentioned earlier that the exchanging of contracts forced you to go ahead with the contract – not sure what you mean.

I thought that all contracts these days had finance clauses.  If you can't get the finance, you should be able to get most of your deposit back.You mention that you got pre-approval which shouldn't make the contract binding.

I feel for you but a reduced rent is better than allowing it to stay unrented for too long a time.  One of my units had to have its rent reduced by $70 to get someone in.  Over time I was able to get it up to the market rate again and yes it did hurt but in the long run everything worked out well.My agent told me to keep on reducing the rent by $…[Read more]

I would definitely sell if what you say is correct.  Before considering some of the other options ie subdividing I'd be very careful with your figures as it could be a lot more than you think.   It doesn't make sense to hold on to something which is constantly losing money.  How do you know that there won't be any capital growth in the futu…[Read more]

I'm with you, Sailesh.  The demand, particularly from immigration and overseas investors, is still there.  A lot of these migrants are cashed up in a market where there is a shortage of land for housing.  Many investors are shying away from the stock market.  They've got to put their money somewhere, and at the moment, it appears to be in pro…[Read more]

It's a bad sign if your agent hasn't been the most responsive.  A decent agent will be creative and pro active, not waiting for you to make suggestions such as dropping the rent by $35.  I had to go through a couple of agents before I got a decent one.  The first ones never contacted me when re-letting a property; the current ones would ring me up…[Read more]

You may have to change your agent

I've been meeting with a group on the northside of Brisbane (about 14km from CBD) in a private home for about 3 years.  No cost, free coffee and biscuits.  No hidden agendas.   There is an average attendance of about 10 which is nearly enough.  We range from those who have one property to those who have over 10.  We've got a successful devel…[Read more]

JNM wrote:
While I have also benfited from MY's books, newsletter and seminars but in my mind, it does not necessarily mean that his company's buyer agent service would be the most suitable for one's buying needs at a particular time. What I mean is it depends where you intend to buy in sydney, what kind of property and what your strategy is. Met…[Read more]

JNM wrote:
While I have also benfited from MY's books, newsletter and seminars but in my mind, it does not necessarily mean that his company's buyer agent service would be the most suitable for one's buying needs at a particular time. What I mean is it depends where you intend to buy in sydney, what kind of property and what your strategy is. Met…[Read more]

JNM wrote:
While I have also benfited from MY's books, newsletter and seminars but in my mind, it does not necessarily mean that his company's buyer agent service would be the most suitable for one's buying needs at a particular time. What I mean is it depends where you intend to buy in sydney, what kind of property and what your strategy is.…[Read more]

god_of_money wrote:
I still don't understand why people want to buy NRAS property just because of small tax advantage.Please enlighten me if I am wrong

The tax advantage is not small.  It is currently $8600 per year, indexed to inflation. It is this payment that usually makes these properties, cash flow positive.  Where else can you get a c…[Read more]

You could probably do something now without waiting for the loan to come down.  You need to get yourself a good mortgagebroker who will tell you how much money you can borrow.  There are some very good brokers on this forum.  I'm also on somersoft.com.au which also has some great brokers.Based on your income and equity you should be able to buy so…[Read more]

Tammy, do you know how of the 70,000 loans have been approved?

Tammy, not too sure what you mean that there are only 70,000 green loans.  Does that mean only 70,000 of those who applied for an assessment will actually get a loan?  If there are 360,000 assessments, surely more than 70,000 will be eligible based on the criteria I was shown.