Love your channel but I feel people need to be aware they can do there own research and due diligence to buy in the right place, as for timing I do believe time in the market is better than timing the market. Bought house and land package in pimpama in 2016 for 400k 500m block followed up in 2021 for house and land in narangba for 400k 400m block. Both have done extremely well. Do your homework, research and act.
Can people not use the equity that their property has built in that time to help them get the loan approved? Also different brokers get different results so maybe get a better broker.
Your simplistic sentences are frightening. Bottom line is you MUST be able to service the loan. Bank will loan based on your ability to pay the loan repayments. There is no magic fairy.
Hey mate, what is your personal opinion if you had to move to Sydney for a higher paying job, would you buy an apartment there if you could to live there, or go on renting? Not financial advice
Personal opinion, risk is you lose your high paying job. After paying stamp duty of $42k for every $1M purchase price and avg unit price $1.1 M in decent areas. Interest repayments monthly of $5400 on $850k loan P&I 30yr term. Rent and sleep better at night.
Always love your videos! Just wondering if you can do a video about inflation still rising after all these rate rises. Do you think this will change the RBA decision to keep raising interest rates in 2023? Otherwise won’t our dollar value decline heavily? Cheers 😊
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Love your channel but I feel people need to be aware they can do there own research and due diligence to buy in the right place, as for timing I do believe time in the market is better than timing the market. Bought house and land package in pimpama in 2016 for 400k 500m block followed up in 2021 for house and land in narangba for 400k 400m block. Both have done extremely well. Do your homework, research and act.
It’s crazy you can’t sell the apartment and get the deposit back. You still put that money in, so the apartment is still partly yours.
wow i nearly bought off the plan recently... thanks for the heads up ill be more aware now
Can people not use the equity that their property has built in that time to help them get the loan approved? Also different brokers get different results so maybe get a better broker.
Your simplistic sentences are frightening. Bottom line is you MUST be able to service the loan. Bank will loan based on your ability to pay the loan repayments. There is no magic fairy.
I wish I saw this video before investing in my first build in Perth :(. I hope I don't have to wait years for the build to happen.
You’re a champion Ravi, cheers for sharing this knowledge
Thanks Chris 🙌🏽
Well, house and land packages in Sydney area have easily created 30% equity for quite a few people. Mostly bought for PPOR.
thanks mate....great info
Thank you for watching :) 🙌🏽
Great Ravi :)
Informative content!
Thank you! 🙌🏽
Hey mate, what is your personal opinion if you had to move to Sydney for a higher paying job, would you buy an apartment there if you could to live there, or go on renting? Not financial advice
Personal opinion, risk is you lose your high paying job. After paying stamp duty of $42k for every $1M purchase price and avg unit price $1.1 M in decent areas. Interest repayments monthly of $5400 on $850k loan P&I 30yr term. Rent and sleep better at night.
So does this mean you don’t use bamboo anymore?
I still use Bamboo for the round up feature 🤙🏽
Love your content!
Thank you 🙏
Always love your videos! Just wondering if you can do a video about inflation still rising after all these rate rises. Do you think this will change the RBA decision to keep raising interest rates in 2023? Otherwise won’t our dollar value decline heavily? Cheers 😊
I lost $10,000 last week by making this mistake. Bank refused my loan application and I lost a lot of money.
Hi Ravi,
Have watched your content in the last 2 weeks and have learnt a lot. I would like to connect if possible.
Thanks
Rio