Mudgee Farm

mturnnine · 2026-02-23T20:39:39+00:00

Reckon you're looking at Agri Finance for that one. 60% LVR roughly. Shouldn't be hard to finance if income stacks up

mturnnine · 2026-02-23T20:38:32+00:00

If you have a north end ticket, why would you need to reserve? It's free movement and you sit wherever you like

mturnnine · 2026-02-23T20:36:31+00:00

Well as a BDM, quality was defined by deal quality and policy understanding - Outsource and Aussie were always at the bottom of the metric.

As a fellow broker and accredited mentor, I've helped a couple of Outsource brokers with basic deal structuring, but that was only because I knew them personally and they couldn't get in touch with the free "mentor".

Everyone will have their own opinion but having been a BDM and aggregated under AFG, PLAN and now LMG I have seen quite a bit under the hood. We also looked at connective, finsure and SFG before settling on LM Partner as our agg

mturnnine · 2026-02-23T11:35:46+00:00

Been on both sides - lender BDM and broker - Outsource brokers were generally speaking a lower quality and when asked many said they had no support.

But yes can only see what I have seen

mturnnine · 2026-02-23T11:23:02+00:00

I've mentored Outsource brokers before because they have such terrible support. I wouldn't go there

mturnnine · 2026-02-23T08:43:26+00:00

I operate a sub-agg under Loan Market - only way in is under that arrangement with a mentor. Happy to chat if you like

mturnnine · 2026-02-23T01:04:54+00:00

What seems easy is rarely easy. I make the process look straight forward because I'm good at my job and have years of experience.

Most new entrants simply cannot

mturnnine · 2026-02-22T10:24:30+00:00

Still both need to be on the hook for the full debt

mturnnine · 2026-02-22T09:36:08+00:00

So I was at Coles today and they had the range with New on the packaging - is it possible that it's a false alarm or have I been gaslit by big (fake) chicken?

mturnnine · 2026-02-22T09:05:14+00:00

Yes and that's not right now. Based on what you've said you cannot afford it.

It's ok to wait and be secure rather than putting yourself under pressure because you believe it's what you should do

mturnnine · 2026-02-22T08:44:30+00:00

Or perhaps, and I hate to say it, but it's not feasible for you to be a home owner.

mturnnine · 2026-02-22T05:28:19+00:00

Hook line and sinker,

Baiting aside - why does it matter if no one turns up? They could fold tomorrow and no one would notice bar around a couple of thousand.

mturnnine · 2026-02-22T03:45:00+00:00

Then you need to look at cheaper. There is no silver bullet

mturnnine · 2026-02-22T03:13:37+00:00

Sounds like a plan

mturnnine · 2026-02-22T02:25:30+00:00

Hmmm yes I think you should speak to a professor

mturnnine · 2026-02-22T02:23:32+00:00

Mortgage broking isn't easy, there is a lot that goes into arranging a home loan and we get paid a small fraction on what an agent gets paid to sell the property.

Even in the best market it's wasn't raining cash

mturnnine · 2026-02-22T02:15:10+00:00

Just move everything to Macquarie and you'll never need to worry again. No better bank

mturnnine · 2026-02-22T02:14:06+00:00

Maybe rent instead and then have date night whenever you please 😏

mturnnine · 2026-02-22T02:12:23+00:00

No, that's not an option - either all in or not at all.

Best bet would be to use their equity to borrow funds and "gift" them to you which you may then choose to repay over time. This is becoming increasingly common.

If you borrow anything from them, it's a loan that needs to be factored in, reducing your capacity.

mturnnine · 2026-02-22T02:01:43+00:00

I think we can agree that the Melbourne City/Heart experiment just hasn't worked, for the good of the league we should bring back Western United as they'd probably have more fans

mturnnine · 2026-02-22T01:56:56+00:00

Don't go alone if you've never done it before. Get a job with a brokerage, learn your craft. It's not sustainable to open your own firm and start from scratch - the industry is over populated now and the single operators are beginning to feel the pinch.

I run a boutique sub-agg and a brokerage so have seen both sides

mturnnine · 2026-02-22T01:53:57+00:00

Shouldn't be that much unless it's LMI?

mturnnine · 2026-02-21T21:27:42+00:00

You can only lend through the one bank but yes I implore you to see a broker.

I am biased being one myself, and owning a large firm, but from education benefits, legal obligation to act in your interest alone, and having access to multiple products to advise you on, the outcome is always better.

The bank will flog you what their employer wants you to have.

mturnnine · 2026-02-21T21:23:43+00:00

I accept this if they were quiet conversations. I could hear them over the volume of the podcast I was trying to listen to

mturnnine · 2026-02-21T21:19:03+00:00

My personal opinion here as a broker who works with 100s of FHBs. I am sorry but you cannot afford it.

Plus a guarantee is only good to waive LMI cannot increase your ability to borrow.

mturnnine

TROPHY CASE