Search found 8 matches

by
Sat Aug 29, 2015 10:33 am
Forum: Property Investment Forum
Topic: Current status of foreign investment in Australia
Replies: 7
Views: 70595

Re: Current status of foreign investment in Australia

Thanks, Otto. That foreigner mortgage sounds good. I’ll be calling your office by the end of the week to discuss rates and everything else I may need to know to get such a mortgage.

You’ve been a great help to me and so has your amazing website. Thanks for all these lovely resources you’ve provided. I’ve already told my friends about you guys. Thanks again and talk to you soon.
by
Fri Aug 28, 2015 12:05 pm
Forum: Property Investment Forum
Topic: Current status of foreign investment in Australia
Replies: 7
Views: 70595

Re: Current status of foreign investment in Australia

Hi Otto,

Thanks for the swift reply. So what you’re saying is that I’ll probably have to go through a more strict screening process for my investment proposal to qualify, right? I’ve got a good income and a few properties in my portfolio so I think I can make it past the screening process.

I was thinking of taking out a mortgage from one of the banks here but what if I want to take out a mortgage in Australia itself? Is there any option to do that?
by
Thu Aug 27, 2015 4:53 pm
Forum: Property Investment Forum
Topic: Current status of foreign investment in Australia
Replies: 7
Views: 70595

Current status of foreign investment in Australia

Hi everyone,

I’m a Hawaiian citizen planning on investing in Australian property. My friends have told me that investing in Australian property is a wise decision. I looked into it and I’ve found out that it’s quite true.

I’ve never invested in overseas property before so I’m not sure about foreign policies, especially the ones that exist all the way out in Australia. However, it has come to my attention, through a friend who’s currently living in Australia, that the policies regarding foreign investment are getting stricter.

What’s the current status of foreign investment there? What are the major changes or important legislation that I must know?
by
Wed May 20, 2015 3:47 pm
Forum: Property Investment Forum
Topic: What is negative gearing?
Replies: 4
Views: 69023

Re: What is negative gearing?

That’s what I thought too. Thanks for confirming it to me. I’ll definitely recommend this forum to my friends and family for any home loan related questions. Have a good day!
by
Wed May 20, 2015 8:22 am
Forum: Property Investment Forum
Topic: What is negative gearing?
Replies: 4
Views: 69023

Re: What is negative gearing?

Hey there,

I’ve been following this thread since a couple of days. I got to learn a lot and I was hoping gump would ask about positive gearing as well.

I was under the impression positive gearing was beneficial for investors. I’m not so sure about it anymore. Can anyone here clarify this for me?
by
Tue Apr 14, 2015 3:11 pm
Forum: Home Loan Forum
Topic: How much does LMI cost?
Replies: 7
Views: 10572

Re: How much does LMI cost?

Thanks for the help, mate! I’d like to capitalise my LMI. That’d solve my problem of having to splash more cash from my own pocket.

I’ll definitely need your help to land a good discount so I’ll give you a call within a few days.
by
Mon Apr 13, 2015 2:21 pm
Forum: Home Loan Forum
Topic: How much does LMI cost?
Replies: 7
Views: 10572

Re: How much does LMI cost?

I just used the LMI calculator. It says that I have to pay at least $10,000 on LMI premium. Is there any way that I can avoid this cost?
by
Sun Apr 12, 2015 7:21 pm
Forum: Home Loan Forum
Topic: How much does LMI cost?
Replies: 7
Views: 10572

How much does LMI cost?

Hello there,

I’ve been looking to purchase a house for a few months and this week I finally found a suitable one for me. It’s priced at $650,000 and I was very excited until a friend warned me that I’ve got to look out for LMI charges.

He said that he didn’t know about LMI before he applied for his home loan and had a real hard time to cover its costs.

I’d like to manage my budget properly before I make this huge financial commitment. Please help me estimate my LMI premium.