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Hhmm
Hhmm
20 September

soho living townhouses

soho living townhouses

Anyone moved in yet............. build continues and continues so slow

4
10104
Hhmm
Sep 20, 2021 8:22 pm
Maliktrade
Maliktrade
13 September

Very Low Income - Large Deposit - will I get a house loan?

Very Low Income - Large Deposit - will I get a house loan?

I would say go for Rentvesting strategy. Rentvesting is…

18
18332
Maliktrade
Sep 13, 2021 2:26 pm
Gargi
Gargi
5 September

Valuation shortfall Construction Loan

Valuation shortfall Construction Loan
1, 2

Can builder of land and home package negotiate to match up valuation?

21
28409
Gargi
Sep 05, 2021 7:13 pm

Lenders and PhD income

Lenders and PhD income

Hi, the consideration is taking out a 30 year loan, with income they know will cease in a number of years - or less. Of course, one presumes you would not not pickup paid…

1
5782
becjarrettdalton
Jul 20, 2021 6:29 pm
becjarrettdalton

Knock-down Rebuild Finance

Knock-down Rebuild Finance

Thanks Rebecca, it's interesting that some banks are keen and others aren't. We will ask around for a local broker, although had a slightly negative experience with one…

2
11250
LakeMacRicky
Jun 02, 2021 4:51 pm
Noname
Noname
21 May

Getting a loan approved - better to have house or cash?

Getting a loan approved - better to have house or cash?

while not wrong, there are other strategies that may be of benefit depending on the individuals financial circumstances - ie, selling the home, and using the equity from…

7
4907
Noname
May 21, 2021 2:14 pm
Karthik_K
Karthik_K
30 April

Construction loan with 88% LVR

Construction loan with 88% LVR
1, 2

Thanks Tom. Our borrowing capacity is good and both are in settled jobs and our credit score is very good(Equifax) it's the NAB internal credit system that's rejecting…

21
10834
Karthik_K
Apr 30, 2021 8:04 pm
plc
plc
22 April

Land loan then build - deposit requirements

Land loan then build - deposit requirements

You did well there thanks to the rising market. Obviously your land increased by enough that the equity was more than was required for the 20% deposit on construction to…

3
3988
plc
Apr 22, 2021 11:03 am
Budapest
Budapest
11 April

Plans submitted for Loan Approval

Plans submitted for Loan Approval

Sounds fair, thanks folks!

3
3941
Budapest
Apr 11, 2021 7:40 am
Kruss
Kruss
7 April

Can you get LMI back?

Can you get LMI back?

I cannot find who the bank use as their LMI company however it does have a part in the contract that says they may provide a partial refund of the loan is finalised…

7
3645
Kruss
Apr 07, 2021 8:42 am
kevinp8590
kevinp8590
25 March

Valuation shortfall on Contruction component of our loan

Valuation shortfall on Contruction component of our loan

Thanks for the heads up mate. We have a very good relationship with our builder, so that gives even greater comfort.

7
5507
kevinp8590
Mar 25, 2021 4:11 pm
plc
plc
2 March

Valuation for construction

Valuation for construction

Yes. Any new valuation going forward will be determined by current land value plus the new construction. Then it will be compared with current existing residences in the…

7
11674
plc
Mar 02, 2021 10:12 am
plc
plc
2 March

CGT on land division

CGT on land division

Below is from the ATO website with examples. I think there needs to be valuations conducted to work out land values, etc. However Bec is right, talk to an accountant…

3
1444
plc
Mar 02, 2021 9:54 am
zillah
zillah
20 February

Calculator to caulate a loan repayments ?

Calculator to caulate a loan repayments ?

Thx I will try that and check outcome for comparison

2
1532
zillah
Feb 20, 2021 4:12 pm
bourbonchick
bourbonchick
16 February

Valuation

Valuation

But we will need formal approval before its finished. 21 days from yesterday I just assumed they would go off the contract (plans, inclusions) but now I'm…

2
2081
bourbonchick
Feb 16, 2021 3:46 pm
SaveH2O
SaveH2O
4 February

First home buyers with tenants in property

First home buyers with tenants in property

For peace of mind, have a look at landlord insurance.

6
1974
SaveH2O
Feb 04, 2021 10:57 am
SaveH2O
Pulse
Pulse
27 January

How much do living expenses history influence loan amount?

How much do living expenses history influence loan amount?

I would not post that you have cash sitting at home on a public forum. just ask the bank these questions. cheers Pulse

1
3377
Pulse
Jan 27, 2021 5:31 am
plc
plc
21 January

Loan for H&L Package - Where to start?

Loan for H&L Package - Where to start?

When you say H&L package, is it two separate contracts for land and construction, or is it one contract which settles after completion of everything? As they are treated…

2
3570
plc
Jan 21, 2021 12:09 pm
ArnoldWilder
ArnoldWilder
20 January

Building a house with a Mortgage

Building a house with a Mortgage

A good plan, I support you one hundred percent. Still, loans are a good prospect for those who have goals, right?

12
13042
ArnoldWilder
Jan 20, 2021 8:50 pm
Jojac
Jojac
13 January

Land loan and construction loan

Land loan and construction loan

Hello. It is very important when we start a construction to have all the details set up and to turn to a serious…

9
14820
Jojac
Jan 13, 2021 12:42 pm
Jen023
Jen023
12 January

Tips for Build valuation...what should I include?

Tips for Build valuation...what should I include?

Hi. We have to get separate contracts for land and then one for build - not ideal as I have better chance of coming in on valuations if they're together....(I think) My…

0
1367
Jen023
Jan 12, 2021 7:13 am
GeorgeMod
GeorgeMod
10 January

Land valuation

Land valuation

I think it's a nice place have couple of friends who did that great move on getting a land there.

2
17768
GeorgeMod
Jan 10, 2021 4:14 am
GeorgeMod
plc
plc
3 January

Govt 5% deposit scheme

Govt 5% deposit scheme

My understanding is that the building contract needs to be entered into prior to settlement/funding for the land. At least that is the process with CBA. Not sure about…

1
4480
plc
Jan 03, 2021 6:15 pm
shibaboy
shibaboy
8 October 2020

Land Loan and Construction Loan Sequence

Land Loan and Construction Loan Sequence

Thanks everyone. I found it very useful.

4
5581
shibaboy
Oct 08, 2020 7:51 pm
Seb345
Seb345
29 September 2020

Timing of access to construction loan.

Timing of access to construction loan.

I wanted to do something like that but everything halted because of the corona virus. Hopefully I will be able to do the project next year

2
3633
Seb345
Sep 29, 2020 3:07 am
Bigteether
Bigteether
20 September 2020

Property Valuations - Elara Marsden Park, NSW

Property Valuations - Elara Marsden Park, NSW

Thanks, will keep this thread posted.

6
9159
Bigteether
Sep 20, 2020 6:23 pm
Bigteether
Bigteether
9 September 2020

PAYG IT Contractor - Home loan

PAYG IT Contractor - Home loan

Thanks Rebecca, early extension of contract is impossible as it is government. I contracted through Randstad with PAYG. Definitely will not fall into self employed. Have…

2
1255
Bigteether
Sep 09, 2020 2:15 pm
4
8892
GGeorge551
Jul 28, 2020 3:35 pm
GGeorge551
dinesh2buyhome
dinesh2buyhome
25 July 2020

Signature at Tallawong

Signature at Tallawong

Hi Raj, I am also interested to buy a home and land package. May I ask how much was yours ? Are there any more left to purchase and when will the construction begin ?

1
3538
dinesh2buyhome
Jul 25, 2020 10:10 pm
plc
plc
13 July 2020

Question Reg FHOG

Question Reg FHOG

Great to hear it got sorted! Cheers, Tom

3
1793
plc
Jul 13, 2020 2:29 pm
chippy
chippy
8 July 2020

Does our current mortgage bank need know knockdown rebuild?

Does our current mortgage bank need know knockdown rebuild?

We have been in a similar but slightly different situation twice. We've had loans on vacant blocks twice and have then built on the land using cash. Technically we should…

6
4313
chippy
Jul 08, 2020 4:41 pm
chippy
the_doesnotexist
the_doesnotexist
8 July 2020

Stamp Duty Question

Stamp Duty Question

If you qualify for FHOG then yes you should get your bank to apply for the FHO rate of duty for you. Do it as soon as you can as it takes them a while. If you’ve already…

14
8780
the_doesnotexist
Jul 08, 2020 12:18 am
prasannak
prasannak
26 June 2020

RECOMMENDATIONS: Adelaide Brokers!

RECOMMENDATIONS: Adelaide Brokers!

I honestly recommend Gary Benzan of Loanology! Fanstastic bloke!

5
7993
prasannak
Jun 26, 2020 10:00 am
becjarrettdalton
becjarrettdalton
24 June 2020

Construction loan advice

Construction loan advice

Why no offset? Is that by chosen package? And construction loan interest rate is higher? I didn’t think it was with CBA but not sure on that, they’re not my preferred…

1
2722
becjarrettdalton
Jun 24, 2020 6:51 am
becjarrettdalton
becjarrettdalton
becjarrettdalton
19 June 2020

Loans in the post covid world

Loans in the post covid world

Oh no, poor things. It’s not the IT, it’s travel. Most lenders (nearly all, off top of my head) are not accepting applications from that industry. But let me ask you…

1
2220
becjarrettdalton
Jun 19, 2020 1:50 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
18 June 2020

Finance options for a pool

Finance options for a pool

My cheif concern would be jeopardising the build loan by taking out more finance - so definitely be upfront with the bank / broker. Cost effective....I see both sides. I…

3
1947
becjarrettdalton
Jun 18, 2020 8:12 pm
becjarrettdalton
kumar2015
kumar2015
16 June 2020

Builder Offers Build credit

Builder Offers Build credit

Why builders offer any build credit ? I do not see any benefit as it is like getting money from bank and pay mortgage for that. Please correct me if I am wrong and share…

0
1231
kumar2015
Jun 16, 2020 8:50 pm
becjarrettdalton
becjarrettdalton
15 June 2020

Investment land - Tax Question

Investment land - Tax Question

That one is out of my scope sorry - the legislation changed on it recently & I don’t want to mislead you. It used to be you could claim beforehand but I’m pretty sure…

3
1373
becjarrettdalton
Jun 15, 2020 11:14 pm
becjarrettdalton
le tueur
le tueur
27 April 2020

Tight lending (Does this sound right)

Tight lending (Does this sound right)

Cheers, I went to a broker and it came out much better

2
8422
le tueur
Apr 27, 2020 9:28 am
becjarrettdalton
becjarrettdalton
21 April 2020

Contruction loan halfway through build?

Contruction loan halfway through build?

Yep, it’s possible - but I guess I’m not familiar with your land / build splits to comment on that :)

3
2831
becjarrettdalton
Apr 21, 2020 7:07 pm
becjarrettdalton
kassan1973
kassan1973
6 March 2020

aussie/bendigo, adelaide bank

aussie/bendigo, adelaide bank

Hello all , just wanting to know peoples experience using the Aussie elevate home loan product , my son has just started his first investment property and a couple of…

0
4698
kassan1973
Mar 06, 2020 3:25 pm
dga
dga
13 February 2020

Surplus funds?

Surplus funds?

Have you checked the invoices you received against the quote you gave your bank. For us, there were provisional items, and for some of them we came in under the quoted…

5
6568
dga
Feb 13, 2020 8:38 pm
becjarrettdalton
becjarrettdalton
6 February 2020

Extending a construction loan?

Extending a construction loan?

Did you happen to include a provisional allowance for these upgrades in your tender? The difficulty comes in revisiting the valuation (if necessary) you HAD a kitchen, …

1
2386
becjarrettdalton
Feb 06, 2020 9:08 pm
becjarrettdalton
becjarrettdalton
becjarrettdalton
19 December 2019

Mortgage with 92% LVR

Mortgage with 92% LVR

There is a new lending option now available for this exact predicament. minideposit dot com. Au They specialise in people who have good serviceability but small deposits.…

9
9706
becjarrettdalton
Dec 19, 2019 1:01 pm
becjarrettdalton
Susansmith07
Susansmith07
15 December 2019

Contracts signed-subject to Bank Val-

Contracts signed-subject to Bank Val-

This sounds very familiar. We have had a similar issue, I wonder if it’s the same builder in the south east of Melb

5
8396
Susansmith07
Dec 15, 2019 11:07 am
Melbournevic
Melbournevic
11 December 2019

Construction Loan and Deposit to Builder

Construction Loan and Deposit to Builder

Ok great, thanks for the information.

2
3421
Melbournevic
Dec 11, 2019 10:42 am

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