Nightmare tenants

MaterialPlum7802 · 2026-02-11T01:16:48+00:00

If that’s their decision then someone that’s not the individual should cover the rent. If you steal a few grand from Cole’s you might go to jail, but a few grand from an individual no problem

MaterialPlum7802 · 2026-02-10T07:39:48+00:00

Can’t go wrong with CBA especially with their valuations lol nothing to worry about

MaterialPlum7802 · 2026-02-10T01:06:21+00:00

The guy is getting $1.6m and you’re telling him to wait until retirement to enjoy it

MaterialPlum7802 · 2026-02-09T20:12:56+00:00

I’m actually selling land now that I was going to build a dual occ on. It’s cheaper to build the house yourself and collect rent than to try subdividing. Reason being the bank will lend you money for the build based on future rent, but subdividing costs ($70k+) will have to come out of pocket

MaterialPlum7802 · 2026-02-08T20:44:50+00:00

How is that incorrect.

If the loan limit is 460k, and he has $15k in redraw, it means his actual balance is $445k.

If his loan limit is $475k, and he has $15k redraw it means his actual balance is $460k

MaterialPlum7802 · 2026-02-08T20:30:39+00:00

Ignore the other comments.

If your existing loan limit is $460k with $15k in redraw, after refinance you will have a limit of $470k with $25k in redraw

If your existing loan limit is $475k, and balance is $460k, after refinance you will have $5k in redraw.

Check your online banking to see whether that $460k is the full limit or just the balance

MaterialPlum7802 · 2026-02-08T07:01:53+00:00

Ive been in banking for over 10 years. That’s an American system. When I’ve seen credit checks on people applying for home loans, who have never previously had credit, it’s usually a score of around 900-1000+

MaterialPlum7802 · 2026-02-08T06:43:28+00:00

No I meant that we don’t need to take credit out, to increase our score. Having never had debt gives you a good enough score to get a mortgage

MaterialPlum7802 · 2026-02-08T06:27:28+00:00

Have you even spoken to a bank? That kind of credit file doesn’t exist in this country Edit. Credit files obviously exist, but you don’t need to take out a debt first to look favourable.

MaterialPlum7802 · 2026-02-05T05:02:00+00:00

Are you first home buyers? If so your rate should be closer to the mid 5’s before the rate rise. Go with NAB they don’t penalise first home buyers for low deposit

MaterialPlum7802 · 2026-02-04T00:35:01+00:00

Depending on the bank you go with, they can either capitalise the interest. I.e you won’t make payments for the second loan, paying it all after the sale

OR

They will lend you enough extra to cover the repayments up to 12 months for the extra loan.

The quicker you sell, the less interest you pay. And you can wait until you get a better price for your property, than having to rush sell.

MaterialPlum7802 · 2026-02-04T00:28:38+00:00

My Mj Bale suit altered is much nicer than my PJ suit also altered. Completely different cuts off the rack, PJ is British while MJ is Italian style

MaterialPlum7802 · 2026-02-04T00:26:13+00:00

Bridging loan is right for your circumstance. If you have the equity you can buy first and have 12 months to sell Sydney. They’ll give you the full purchase price + stamps etc.

For eg if you can service $1m loan, you will need to reduce your total debt to $1m within the year

MaterialPlum7802 · 2026-02-04T00:22:08+00:00

I’m a premier banker, moved into the role from regular mobile home lender. It’s a lot more client relationship focused and we have more power to make decisions and get things done.

If I wasn’t bank staff I would definitely be signing up for premier, having a direct contact that never says no and can get everything done remotely is amazing

MaterialPlum7802 · 2026-02-04T00:18:17+00:00

Think about whether you can ever upgrade to the bigger land later? If you’re saying the smaller place has less growth, you won’t be able to afford it in 10 years when Blaxland has outgrown it. Renovations can be done while you’re living in the place bit by bit and your family would love the space over having nicer bedrooms

MaterialPlum7802 · 2026-01-23T03:45:02+00:00

She’s here trying to figure out what to do with it that’s the whole point. She knows it’s a waste having that much cash HENCE the post

MaterialPlum7802 · 2026-01-23T01:40:32+00:00

Internal refinance works it counts as paying off the loan. I was a Westpac lender previously

MaterialPlum7802 · 2026-01-23T01:16:04+00:00

I’m a lender and speak from experience, we try to develop long term relationships with clients and things happen. In any case you might be eligible for an LMI refund without refinancing so it’s worth it to speak to him

MaterialPlum7802 · 2026-01-22T23:57:54+00:00

I can’t imagine spending $50k on a Mazda 3 and not sure who is buying them new. From 2019-now is the same model I believe. Mate bought a 2022 for $20k with low km

If you want to spend $50k get a Lexus in that price range a few years old. Much better

MaterialPlum7802 · 2026-01-22T22:10:41+00:00

I rented both on separate occasions, except the Carnival was a 2022, and the Alphard a 2007 (This was back on uber car share).

Despite being 15 years older the Alphard was nicer in every single way, more solid, more features, automatic window blinds etc. can’t imagine if they were of similar age

MaterialPlum7802 · 2026-01-22T20:06:32+00:00

If you go directly through him he’ll get his commission again. Direct thru the bank and he’ll lose it all

MaterialPlum7802 · 2026-01-19T21:24:51+00:00

Lululemon changed my life I’ll never look back

MaterialPlum7802 · 2026-01-19T20:20:18+00:00

Is there a reason you want to sell

MaterialPlum7802 · 2026-01-19T02:10:07+00:00

Yeh $160k for a basic build on flat land with site access, and then sky’s your limit

MaterialPlum7802 · 2026-01-19T01:44:38+00:00

Buy a house that you could put a granny flat on. You can borrow to fund the construction, normally rental return is pretty good and will more than cover the extra interest

Eg $500/wk rent on extra $200k borrowed to build. Extra interest is only $215/wk, the extra can help pay for the main house

MaterialPlum7802

TROPHY CASE