NSW 
FHOG enquiryYou can own an investment property (as long as you haven't lived in it) and still get the grant so I don't see how a block of land would be any different. Builder Progress PaymentsIn the end, St G agreed to the builders list of progress payments except they swapped the last 2 around as they needed minimum 10% for the final payment. Builder agreed… Construction Loan - Westpac BankIf you include such items as:
- light fittings
- landscaping
- retaining walls
- concreting
- carpet
- pergolas
on the documents you lodge with your bank they will… St George Construction LoanHi Yaditya
Are you looking to use equity in the land that you're looking to build on? Have you settled on this land… shape replied 22 May 2014 ago shapeMay 22, 2014 11:03 pm Where to start?Although it may seem to be a pain paying LMI it does help you get out of paying rent sooner.
For instance on a total loan of $400,000 with a $20,000 deposit you could… Westpac - 5 progress payments only5 is normal ...6 including deposit is also normal 
>5-6 progress payment occurs normally with the smaller builders/private builders as they have a very tight cash flow… shape replied 23 March 2014 ago shapeMar 23, 2014 6:04 pm Valuation QuestionsNot sure if the other 3 blocks used a real estate agent or not...but we are in the process of using one to purchase the 4th block...Just cant understand how the most… First Home Builders Grant 30k TasMost of the time you need to complete SLAB stage in construction before the FHOG can be paid by the government so it may become an issue.
The equity will not help at this… How much $ do you have left over?We have a detailed budget for the next 2-3 years, although really only the next 12 months is important. We include savings, money every fortnight to spend on ourselves… ugbug replied 6 January 2014 ago ugbugJan 06, 2014 10:45 am Price reduction - rebate clause?Hi all,
We have just purchased our first home, and due to the late discovery of some serious damage to the house, the vendors agreed to drop the price. This was agreed to… supadupa started a topic 20 December 2013 ago Loan for things outside builders contract
Hi all,
Not sure if anyone is still looking for information on this but we have recently met with our current bank, ANZ, and we have been told that when building a new… MrsG replied 26 September 2013 ago MrsGSep 26, 2013 10:58 am Family guarantee - overseas propertyHey Jeremy,
You could try seeing if a family member in NZ can get a loan on one of their properties and then lend this to you as a deposit. This is not an ideal option… Construction loanIf you know you are definitely going to upgrade something, just get everything costed and put into your contract now. We knew we wanted full length windows, stone… navs replied 2 July 2013 ago Westpac Discount %?The other thing you might want to take note of is that the Westpac standard variable rate is the highest of the majors by at least 0.1% from the others. So a 1% discount… plc replied 30 June 2013 ago Loans for kit or flat pack homesWe're planning on buying land and putting a flat pack home on it (hiring a builder to install it) but what I'm reading about financing for this type of thing is making me… Can anyone help a FHO pleaseHey Aaron_C,
Many banks now will not have the genuine savings criteria when it comes to builds. The flavour of the year is "low deposit homeloans" which is the reason my… Using home loan for furnishingsOur mortgage broker said if we had specific items and quotations eg - spa, paving, fencing and gave them to her now we could get them paid out directly by the bank to… navs replied 15 May 2013 ago Unconditional loan on unregistered landI'm not familiar with RAMS policy but most likely their thinking is that as the land isn't expected to title until at least 3 months away, any valuation done now will… plc replied 6 May 2013 ago RoadblockThat's no good  maybe just buy the block of land and sell it a little bit after its titled if its possible? Not sure what the market is like over there but here in WA i… Is anyone building at Farmingdale, Blacktown?Hi, I'm looking to buy a house at Farmingdale, Blacktown. Can anyone give their inputs about the suburb, esp. safety issues as I see mixed reviews in the internet?
Thanks,
PK apk150 started a topic 25 February 2013 ago Casual worker = no finance?I think everybody else agrees that with you partner working full time and having a large deposit, you are looking in great shape for a loan. There should not really be a… Construction LoanHi Natlyn,
Issue with land that is settling a year into the future is that most lenders approvals only last about 3 months, so getting a pre-approval now won't last… plc replied 20 February 2013 ago shapeFeb 05, 2013 1:22 pm Unsure of loan reqs & other. Help please?oh spoke to them, its only a small bank & she remembered us (which is good! lol)
She said it should all be fine to do it that way, provided we DO pay off the debts etc, &… First Home/ Investment QuestionYep, doesn't matter how long it is rented for, any expenses associated with the property while you are renting it out can be claimed. So for the 6 months you can claim… plc replied 19 January 2013 ago Anyone know RAMS policy?Last copy of Rams policy I have (2010) says that bonus is unacceptable income. However note that sometimes… Our Construction Loan NightmareJust heard on Friday we received unconditional approval from Westpac!
Can't believe what took St George 3 MONTHS took Westpac 9 days!! Sweet sweet relief ANZ Processing Time?Congrats! Where are you buying / building?
Yes indeed it was comforting to know we weren't alone!!! Paying 5% Deposit on landJust be careful to make sure the bank has acknowledged funds paid to the builder so they can adjust the net amount available for your loan settlement. For example if you…
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