WesternFrontOur mortgage is brand new - and we should've asked for more
2 December 2013
A quick update just in case anyone in the same predicament reads through this thread later - we approached the bank again (via our mortgage broker) and they were more than…
plcStamp duty payable and FHOG applicable in Victoria
1 December 2013
My understanding is that the $750,000 limit is based on the construction cost only (fixed price building contract) when you purchase land separately to building. The land…
p0msd0wnunderMinimum levels of fit out - Bankwest construction loan
11 November 2013
MyH1LoginDifferent house price in final building contract
2 October 2013
Well I'm glad you were able to lower the 10K down! On my estimate it says the price is valid for a site start prior to next year. I hope this means if site begins before…
MrsGLoan for things outside builders contract
26 September 2013
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…
jb_moneyLand then construction loan VS LAND/CONSTRUCTION Loan
2 September 2013
It really depends on your situation as to which is the best choice. If you do not have plans / council approval / building contract etc then you pretty much have no…
joh040What are the chances... Land Loan Equity???
28 August 2013
Interesting JB, think I'll scrape together another $5k then purchase a block. This way i can get the ball rolling, throw a deposit at the builders, choose a plan & site…
jb_moneyGoing on holiday at same time as purchasing property?
21 August 2013
It really isn't a good idea to travel while buying a house, particularly for such a long time. However if you must... then try to do the…
$420/week disposable income - is this enough?!
Affordability is a tough one to work out. To be honest to figure it out properly then we'd really need to see everything (gross income, debts, etc) as we stress test the…
jb_moneyNon-applicant spouse that is self-employed (UPDATE)
5 August 2013
Congratulations!!! That is great news Dant. Commonsense lending is hard to come by these days. However it seems like you found one of them which can accept one year…
plcAnother construction loan Q - re: finance timeframe
22 July 2013
Hi Dant, It's likely that the land and construction loans will be two separate applications however they can be submitted at the same time. You aren't able to obtain…
xxkatxxWhat happens to "left over" money on loan
1 July 2013
we have the exact scenario as you...we finally got an answer that we would have to provide the invoice to the bank and draw from the loan just like a progress payment for…
addisontNewhere - Conditional Approval given - then not
30 June 2013
We had the same issue of conditional approval being renegged on by the bank. In the end it all got sorted, but we had a rant through the bank's complaint system, and had…
jtrain81Principal & Interest or Interest only - Primary Place of Res
15 June 2013
Thanks guys. I thought this advice was dubious, given my mortgage broker shot it down, but just wanted to make sure. As you say, if it worked this way, everybody would…
oncewerefurriersWho is your land loan with and why?
11 June 2013
We went with ANZ. Having not been in Oz long (7 months) we thought it was going to be difficult getting a mortgage. I think it was made much easier because we'd banked…
plcBank declined loan and now vendor keeping deposit!
7 June 2013
In most contracts the subject to finance clause should refer to a general condition which states the purchaser may end the contract if they have no loan approval as long…
jcbissorjust starting out - Need help to understand the process
24 May 2013
Posting to follow your thread.. We're about to sign with Goodlife on Sunday. Our block deposit happens on Monday. Which goodlife design are you building?