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arati
arati
9 October

Land valuation

Land valuation

Hi everyone Just wanted to know if it is okay to buy land in Akuna vista in terms of valuation now TIA

0
4774
arati
Oct 09, 2020 10:49 pm
shibaboy
shibaboy
8 October

Land Loan and Construction Loan Sequence

Land Loan and Construction Loan Sequence

Thanks everyone. I found it very useful.

4
3213
shibaboy
Oct 08, 2020 8:51 pm
Seb345
Seb345
29 September

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
2312
Seb345
Sep 29, 2020 4:07 am
Bigteether
Bigteether
20 September

Property Valuations - Elara Marsden Park, NSW

Property Valuations - Elara Marsden Park, NSW

Thanks, will keep this thread posted.

6
5900
Bigteether
Sep 20, 2020 7:23 pm
Bigteether
Bigteether
9 September

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
323
Bigteether
Sep 09, 2020 3:15 pm

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
2295
dinesh2buyhome
Jul 25, 2020 11:10 pm
plc
plc
13 July

Question Reg FHOG

Question Reg FHOG

Great to hear it got sorted! Cheers, Tom

3
696
plc
Jul 13, 2020 3:29 pm
chippy
chippy
8 July

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
2199
chippy
Jul 08, 2020 5:41 pm
chippy

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
7030
the_doesnotexist
Jul 08, 2020 1:18 am
prasannak
prasannak
26 June

RECOMMENDATIONS: Adelaide Brokers!

RECOMMENDATIONS: Adelaide Brokers!

I honestly recommend Gary Benzan of Loanology! Fanstastic bloke!

5
6738
prasannak
Jun 26, 2020 11:00 am

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
1356
becjarrettdalton
Jun 24, 2020 7:51 am
becjarrettdalton

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
1346
becjarrettdalton
Jun 19, 2020 2:50 pm
becjarrettdalton

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
682
becjarrettdalton
Jun 18, 2020 9:12 pm
becjarrettdalton
kumar2015
kumar2015
16 June

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
545
kumar2015
Jun 16, 2020 9:50 pm

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
603
becjarrettdalton
Jun 16, 2020 12:14 am
becjarrettdalton
le tueur
le tueur
27 April

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
7569
le tueur
Apr 27, 2020 10:28 am

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
1918
becjarrettdalton
Apr 21, 2020 8:07 pm
becjarrettdalton
annie88
annie88
26 March

Land loan and construction loan

Land loan and construction loan

I initially had pre approval prior to signing the land contract. It was a general one, as when I applied for pre approval I was undecided with either to buy existing or…

6
7211
annie88
Mar 26, 2020 8:52 pm

Valuation shortfall Construction Loan

Valuation shortfall Construction Loan

I have a couple of tips for you, if you urgently need a loan, then you can use the help with , they…

20
22255
becjarrettdalton
Mar 11, 2020 7:16 am
becjarrettdalton
kassan1973
kassan1973
6 March

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
4110
kassan1973
Mar 06, 2020 4:25 pm
dga
dga
13 February

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
5710
dga
Feb 13, 2020 9:38 pm
SubtleScandal83
SubtleScandal83
8 February

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

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

Unfortunately, due to shared care arrangements with the children's father, I am tied to this area. Fortunately, I absolutely love it here, and after 6 years hear we…

11
4096
SubtleScandal83
Feb 08, 2020 4:24 pm
SubtleScandal83

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
1614
becjarrettdalton
Feb 06, 2020 10:08 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
8180
becjarrettdalton
Dec 19, 2019 2:01 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
7538
Susansmith07
Dec 15, 2019 12:07 pm
Melbournevic
Melbournevic
11 December 2019

Construction Loan and Deposit to Builder

Construction Loan and Deposit to Builder

Ok great, thanks for the information.

2
2635
Melbournevic
Dec 11, 2019 11:42 am
aplacetocallhome
aplacetocallhome
23 November 2019

Developer/Builder + Broker Purposely Stalling Finance?

Developer/Builder + Broker Purposely Stalling Finance?

Thanks for the feedback everyone, it does make me feel a lot better about the situation. I don't know why they couldn't just tell me this information at the time of our…

6
5854
aplacetocallhome
Nov 23, 2019 1:24 pm
becjarrettdalton
becjarrettdalton
21 November 2019

Land and Construction Loan

Land and Construction Loan

Erm, that’s not Aussie, are you looking in Australia?

5
3500
becjarrettdalton
Nov 21, 2019 9:23 pm
becjarrettdalton
plc
plc
20 October 2019

Building a house with a Mortgage

Building a house with a Mortgage

If you are comfortable with the repayments holding both properties for that temporary period, then it can be a worthwhile exercise. What are some of your concerns you…

11
11011
plc
Oct 20, 2019 9:47 pm
plc
plc
16 September 2019

Construction Administration Fee by Bank

Construction Administration Fee by Bank

If you are looking for , we can offer you all credit companies on one website. ge

2
8448
plc
Sep 17, 2019 12:31 am
plc
plc
6 September 2019

Lots of questions Re: first mortgage for land/construction

Lots of questions Re: first mortgage for land/construction

Just to add to Bec's post, you need to take into account the possibility of a valuation shortfall, or unexpected contingency costs that may come up that are on top of the…

2
4977
plc
Sep 06, 2019 1:19 am
gillybean
gillybean
12 August 2019

Go cheap now or better later?

Go cheap now or better later?

i buy my home magnet badge from it was very good and fantastic

4
7604
gillybean
Aug 12, 2019 12:06 pm
gillybean
JanePart
JanePart
8 August 2019

First step homes

First step homes

Hi Charlz - did you end up going with First Step Home Loans? We are looking at them now

1
3251
JanePart
Aug 08, 2019 12:09 pm
domwild
domwild
27 July 2019

are deposits to builders refundable?

are deposits to builders refundable?

In one 1 star complaint with a builder on productreview.com.au, that user did not only get his deposit back, the builder charged him tens of thousands of Dollars more…

7
6438
domwild
Jul 27, 2019 6:27 pm
basicbeans
basicbeans
16 July 2019

Suggestions for finance options for land/construction

Suggestions for finance options for land/construction

Has this happened to anyone where you've signed up on a contract with your builder while waiting for your home to be sold? Thanks

6
9922
basicbeans
Jul 16, 2019 6:28 pm
plc
plc
12 June 2019

Using a new broker after pre approval expires

Using a new broker after pre approval expires

As Bec said, you can basically do what you want whether its go direct with a bank or with another broker. There may be other options out there now that weren't present…

4
2074
plc
Jun 12, 2019 1:53 am
flower__power
flower__power
9 June 2019

Insurance needed for loan, can't insure?

Insurance needed for loan, can't insure?

Yes the house insurance, LMI wasn't needed. Thank you i'll follow up with a solicitor.

4
2300
flower__power
Jun 10, 2019 12:16 am
basicbeans
basicbeans
23 May 2019

Planning on new build - subject to selling the current home

Planning on new build - subject to selling the current home

Thanks. Yes I noticed builders have promotions these days to attract buyers as the market has cooled down. However not a good timing for those who are into selling,…

5
6587
basicbeans
May 23, 2019 9:09 am
checkyour
checkyour
19 May 2019

Worried about Land Valuation

Worried about Land Valuation

that is the land I was planed to buy last year, I did some research, since the north west link will extend through Marsden park to new airport, I…

7
5374
checkyour
May 19, 2019 10:51 pm
basicbeans
basicbeans
13 May 2019

95% LVR land loan, or alternatives

95% LVR land loan, or alternatives

Excellent, thanks for the information. Very helpful!

9
7544
basicbeans
May 13, 2019 7:25 pm

Deposit with 2 jobs inc ABN

Deposit with 2 jobs inc ABN

Ahhh complicated and fun answer :) The answer is - we can only work with what is, not what will be. So right now you have an income of X from your office job and a new ABN…

1
2516
becjarrettdalton
May 07, 2019 3:44 pm
becjarrettdalton
deano163
deano163
30 April 2019

Paying for a house build outright?

Paying for a house build outright?

Thanks all, there's a lot of interesting info in the responses so far. We hadn't thought about the frequent flyer card option so that will be on our list of options to…

6
3111
deano163
Apr 30, 2019 9:53 am
Intellichoice
Intellichoice
21 April 2019

Finance approval subject to title problems

Finance approval subject to title problems

Think they are getting confused-broker and developer, as a normal requirement for settlement-not pre approval would be land correctly titled, A pre-approval tells…

2
5419
Intellichoice
Apr 21, 2019 9:17 am
Intellichoice
plc
plc
20 February 2019

New home finance

New home finance

Even BOM (or St George to rest of the country) do it as well. Servicing on end debt only as well.

4
3789
plc
Feb 20, 2019 1:53 am
becjarrettdalton
becjarrettdalton
11 February 2019

Land Price Valuaiton Reduction before Registration

Land Price Valuaiton Reduction before Registration

As you know the Sydney market has moved, and with those other blocks listed for less that will make it challenging for a higher valuation. Obviously paying less is better…

3
2557
becjarrettdalton
Feb 11, 2019 8:55 pm
becjarrettdalton
James Brown
James Brown
2 February 2019

Building with New Living Homes

Building with New Living Homes
1, 2

First of all, You note down your requirements and then contact with builder. They tell you many suggestions and explain all the things according to your requirements.

23
10913
James Brown
Feb 02, 2019 9:33 pm
shape
shape
22 January 2019

Declined by LMI - what to do next?

Declined by LMI - what to do next?

Then your fine, especially given the time-frame.

16
7814
shape
Jan 22, 2019 8:47 pm
shape

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