Finance Report Video

PROPERTY INVESTOR FINANCE SOLUTIONS

Specialists in property investment finance strategy, helping
investors secure a high performing property portfolio with long
term solutions and wealth.

WELCOME PACK

FINALLIANCE.NET.AU

WEST TOWER, LEVEL 5
608 ST KILDA RD, MELBOURNE, 3004

PH 1300 728 838

Contents: PAGE 3
PAGE 6
WELCOME TO FINALLIANCE PAGE 8
PROCESS GUIDE FOR APPLICATIONS PAGE 9
SERVICES PAGE 10
MEET THE TEAM PAGE 11
PRIVACY AND COMPLIANCE
COMPLAINTS POLICY

Questions?

If you would like to make an appointment, or talk to a member of our team about
any element of this booklet, please contact us at:
Phone: 1300 728 838
Web: www.alliancecorp.com.au
Email: finalliance.net.au

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Welcome to FinAlliance! Your finance specialists for Property Investment

On behalf of our entire team at FinAlliance, I would like to take this opportunity to thank you for the introduction
and opportunity to arrange your ideal property finance solution.

As you are aware now, the purchase of an ideal property and building a portfolio is a major decision and a large
step for your financial future. One of the major fundamentals for successful property investors is to establish a
long term finance strategy and solution.

Right now in 2016 we are in an extended cycle of low interest rates which provides an opportunity to secure
the right investment properties with economical funding from the banks. However, these days it is becoming
more difficult than previous times to obtain and secure finance to build your portfolio. Recent changes seeing
the heavy handed restrictions imposed on banks for investor lending by APRA bringing tighter LVR % controls.
Tightening of serviceability criteria, inconsistent sometimes bewildering results with valuation outcomes and
numerous policy obstacles or paperwork requests that seem to go on forever. At the end of the day it can be
seen as a game and one that needs to be played by the rules that the banks create. Navigate and follow these
rules to your advantage and your portfolio will prosper for the long term. Try to fight them or ignore them and
you will invariably crash and burn or severely slow down your wealth creation goals.

This game comes down to a handful of fundamental rules and guidelines that if implemented correctly and
strategically will provide you with every opportunity to succeed in your property investment journey. As
highlighted in your Property Investment education, you cannot afford to do this alone and the key investor
mindset is to ensure you command a team of experts around you to make educated and informed decisions
about your future.

At FinAlliance we have a team of experts and finance specialists that are highly experienced in property
investment finance strategy. This isn’t about just the best rate or lowest product fees or using your favourite
bank. More importantly its about getting the right finance first time around in the correct structure. Then under
the right circumstances using an ordered sequence of selected banks to build a foundation that expands your
multiple property portfolio safely and securely. By using a finance specialist with FinAlliance you are empowered
to play the game at a higher educated level to avoid the mistakes, pitfalls and at times financial loss that many
investors succumb to when trying to go it alone. Or by placing their future in the hands of a product focused
person and not a finance strategist.

We will sit alongside you to help navigate and exploit the rules and fundamentals surrounding multiple property
finance. We don’t just look at your first purchase but also create a plan and vision for how you are going to fund
and purchase your 5th or 10th property in the future.

This welcome pack has a purpose to introduce to you the processes, the design and creation of your finance
strategy and how this all integrates with your property wealth plan implementation. Our team will deliver this in
a simple and plain format for you to understand and prosper with confidence.

Matt Bower,
National Client Services Manager Associate Director
FinAlliance
AllianceCorp Property

PAG3E 3

Why use a Finance Specialist?

Reasons why people should use a finance strategist and specialist investment
finance broker

When you are embarking on a journey of building a property portfolio, it’s important that you have your loan
structures properly set-up. The last thing you want is that the structure in place has an impact on your future
borrowing capacity. A finance strategist will help you create your ideal finance strategy.
A Finance Specialist can help clients build and grow their property portfolios as getting the finance right in the
first instance is very important. There are multiple factors to look at:
• The lender selection in the right sequence
• Right product mix to support your property plan
• Maximum utilisation of clients borrowing capacity both current and into future purchases
• Structuring of loan to the best advantage around debt reduction. Safely borrow in the most suitable

structure to your individual circumstances.
• Use of multiple lenders
• Setup of cash flow buffers and Master Facilities, Risk management plan
• Avoid Cross-Securitisation of properties in particular your own home
• Navigate the valuation game
• Safely borrow in the most suitable structure for your circumstances
• Save time and money doing all the running around and receiving misinformation from various banks or

transactional lending solutions.

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FinAlliance Finance Process and Supporting
Departments

Senior Finance Specialist

Your Senior Finance Specialist will be introduced to you by your Property Coach at or immediately after your
initial property strategy session. This person will take you through the application process, help navigate the
required documentation for your applications, create a written and visual financial strategy summary and
formalise your application structure. Any questions around your finance position, structure, strategy or cash
flows should be directed to your Senior Finance Specialist.

Processing and Production Support Co-ordinator

They will be responsible for supporting your Finance Specialist in organising documents for lender
requirements, tracking finance lodgements, tracking valuation ordering and results, updating on finance
application progress and liaising together with your finance specialist through to unconditional stage.

Settlement Manager and Co-ordinator

The Settlement Team will integrate and takeover your progress from receipt of select property contracts and
initial finance application approvals to ensure everything is ready in time for settlements and you are informed
of what steps you need to take in preparation for any refinance and purchase finance settlements.

Analysing and Designing
assessing your and creating a
finance strategy. finance solution
tailored to your
OUR circumstances.
PROCESS

Delivering your
finance strategy
through to
settlement.

PAG5E 5

The Process Guide for Applications

(Please note these steps illustrate typical scenario for a full refinance and purchase.
However, steps and time frames may vary depending on individual circumstances)

1 Client Financial Snapshot details obtained 6 Conditional Approval received back from Bank.

at Property Coach session and introduced to Time: 7-14 Days
FinAlliance Finance Specialist. Time: 1-2 Days • Conditional Approval is subject to lenders

• Initial finance discussions held with client conditions and extra criteria being met
• May be extra documentation, checks on data,
• Financial data confirmed
clarity around current position
• Data collection process explained and • Conditional Approval is advised to client in
required documents identified
writing
2 Client Data Collection and Supporting
Documents completed. Time: 1-4 Days 7 Valuations ordered and received on purchase

• Full Summary of Client Data form collated property. Time 3-5 Days

• All bank required supporting verification 8 Formal and Unconditional Approvals received.
documentation received and verified
Time 5-7 Days
• Finance Fact Find Questionnaire completed
9 Loan Documents and Mortgage Documents
• Valuations on existing properties ordered/
review Issued and Sent to Client. Time 4-10 Days
• Formal Approval letter to client in writing
3 Assessment of client finance capacity
10 Signed and Verified Loan/Mortgage Documents
completed by Senior Finance Specialist. Time:
1-4 Days Sent and Received by lender. 5-7 Days
• FinAlliance/solicitor checks signed
• Finance Capacity
documents with client
• Servicing calculations • Verified and Accepted at lender
• Bookings are made for settlement once all
• Assessment of suitable lender options and
criteria parties are ready

4 Finance Strategy Summary Proposal emailed 11 Pre-Settlement Preparation. Time: 14-21 Days

to Client. Time: 1-4 Days • Solicitor confirms settlement date
• Settlement co-ordinator works with all
• Creation of your Preliminary
Documentation and Strategy parties to ensure funds ready and dates
confirmed
• Written proposal of strategy • Funds for purchase fees, stamp duty, other
settlement costs transferred to solicitor trust
• Requests for any outstanding supporting account
documentation
12 Settlement Completed
• Client acceptance of proposed strategy
and applications • Client notified by solicitor and FinAlliance
that all is now finalised
5 Finance Application Submitted with Lender.
• Property ownership is now secured
Time: 2-3 Days
13 Post Settlement Handover Care
• Submitted once all data & documents
required have been received from Client

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Review & Analysis of your Finance needs

For our team to gain an in depth understanding of your financial needs, your Senior Finance Specialist needs to
be able to collect sufficient information to be able to give a true and reasonable assessment of your current and
future financial position.

Along with the collection of data requests for supporting documents required, we will complete a ‘Fact Find’
questionnaire where they will be used to assist in gaining an understand of your full financial needs and
objectives. If you do not give your Finance Specialist this information or if you give incorrect information, he or
she may not be able to provide you with the advice and services that you need. Additionally the advice given
may not met your financial needs. Full and confidential disclosure to your finance specialist is paramount to
them working for you to achieve the best financial results.

Your Finance Strategy in Writing

Once assessment has taken place and we have designed and created your strategy you will be provided an
indicative survey in writing.

Finance Strategy Plan This document will give a visual snapshot to your financial needs. It will show
Finance Structure Email you current financial position and your potential financial position to support
your property plan.

This document will give a detailed explanation of the Finance strategy plan,
explaining all elements of your finance structure.

Preliminary Assessment Letter This letter will give you a listing of all outstanding documents or information
required to be able to lodge your application with the funder once accepted.

All of your documentation is obtained, restained and stored on our compliant security systems as per industry
license requirements and privacy laws. They are accessible to your anytime up to seven years from assessment
date.

PAG7E 7

FinAlliance Services

Our services offering is licensed to provide information and
support on:

• Residential Mortgage Finance
• Personal Loans
• Equipment and Vehicle Leasing
• SMSF Finance Options

Identification Requirements

Under the Anti-Money Laundering and Counter-Terrorism Financing Act (2006), credit providers are required to
verify the identification of an individual client and also the identify of a company or trust an individual may act
on behalf of.
To be able to complete this task FinAlliance requires that 100 Points of Identification be gained and passed onto
the funders or credit provider with the fully completed application.
A list of acceptable documents is noted in the supporting documents checklist within the Data Collection Form.
At least one form of photographic identification must be given, either driver’s licence or passport.

FFINALLIANCE PROPERTY INVESTOR SOLUTIONS WELCOME PACKIANCE PROPERTY INVESTOR
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FinAlliance Staff Members

All are fully accredited as Mortgage Brokers by the FBAA - Finance Brokers Association of Australia) and are
directly answerable to FinAlliance, ASIC and Red Rock Brokers Group (Australian Credit License 405961) for
compliance audits and the maintenance of industry standards. Our finance brokering is independent of all
banks and lending institutions and each loan and finance structure is tailored suit the needs of each client.

Jason Paetow Credit Representative Number: 492260
Managing Director Mobile Number: 0419 224 456
AllianceCorp Email: [email protected]

Mobile Number: 0420 997 900
Email: [email protected]

Matt Bower
National Client Services Manager Associate Director
AllianceCorp Property
FinAlliance

Credit Representative Number: 449494
Mobile Number: 0431 304 507
Email: [email protected]

Alicia McDermott
Senior Finance Specialist
FinAlliance

PAG9E 9

Privacy

This document provides information about the services we provide. We are licensed to arrange loans and leases
under the National Consumer Credit Protection Act 2009 (NCCP Act). The NCCP Act regulates the activity of
lending, leasing, and finance broking.

Licensee Details Red Rock Brokers Group Pty Ltd
Licensee name 405961
Australian credit licence number Suite 1240, 1 Queens Road, Melbourne VIC 3004
Address 1300 667 694
Phone [email protected]
Email

Representative Details Alicia McDermott
Credit representative name 449494
Credit representative number FinAlliance
Business name Level 5, 608 St Kilda Rd, St Kilda, VIC 3004
Representative address

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The information detailed above applies specifically to the credit representative.

In addition, the credit representative may receive the whole or part of the commissions and fees referred
to above directly or indirectly from us as the representative. You can obtain information from the credit
representative about a reasonable estimate of those commissions and how the commission is worked out.

The credit representative has access to the financiers listed in the licensee credit guide above.

Fees Payable by You

The credit representative does not charge you for the credit services because the representative receives
commission from the financier or the licensee. However, you may need to pay the financier’s application fee,
valuation fees, and other fees.

Representative’s External Dispute Resolution Scheme

If the credit representative is unable to resolve your complaint, you may refer the complaint to an ASIC
Approved External Dispute Resolution (EDR) Scheme. The external dispute resolution provider is FOS (Financial
Ombudsman Service Limited).

Our External Dispute Resolution Scheme

If we do not reach agreement on your complaint, you may refer the complaint to an ASIC Approved External
Dispute Resolution (EDR) Scheme. Our external dispute resolution provider is FOS (Financial Ombudsman
Service).

Phone: 1800 367 287

Fax: 03 9613 6399

Website: www.fos.org.au

Mail: Financial Ombudsman Service Limited

GPO Box 3

Melbourne VIC 3001

We will need information from you

Under the NCCP Act, we are obliged to ensure that any loan or principal increase to a loan we help you to
obtain, or any lease we help you to enter, is not unsuitable for you. To decide this, we may need to ask you
some questions in order to assess whether the loan or lease is not unsuitable. The law requires us to:

• Make reasonable inquiries about your requirements and objectives;

• Make reasonable inquiries about your financial situation;

• Take reasonable steps to verify that financial situation.

Credit will be unsuitable if at the time of the assessment, it is likely that:

• You could not pay or could only pay with substantial hardship;

• The credit will not meet your requirements and objectives.

PAG11E 11

For example, if you can only repay by selling your principal place of residence, it is presumed that the loan
will cause substantial hardship unless the contrary is proved. For this reason we must ask you to provide a
significant amount of information. It is therefore very important that the information you provide us is accurate.

We must provide you with a copy of our preliminary credit assessment of your application if you ask within
seven years of when we assist you. We are only required to give you a copy of the credit assessment if we give
you credit assistance.

If we arrange a loan for you to purchase or refinance real estate, remember you must make your own enquiries
about the value of the real estate and its potential for future growth. Although we may obtain a valuation, that
is for our own use and you should not rely on it.

Fees payable by you

Red Rock Brokers and FinAlliance does not charge you for the finance services it provides. However, on specific
circumstances our credit representatives may sometimes charges fees for their services. If applicable more
details about the fees payable by you will be documented in the credit quote. More details about the fees
payable by you will be documented in the quote. You may also obtain more information from your credit
representative about how these fees and charges are worked out and a reasonable estimate. You may also be
required to pay the lender’s application fee, valuation fee, government charges and other transaction fees.

Commissions received by us

We may receive commissions from the lenders and lessors who provide finance for you as our customers.
These are not fees payable by you. You may obtain from us information about a reasonable estimate of those
commissions and how the commissions are worked out.

Commissions payable by us

Red Rock Brokers and our credit representatives source referrals from a broad range of sources. For example,
we may pay fees to call centre companies, real estate agents, accountants, or lawyers for referring you to
us. These referral fees are generally small amounts and accord with usual business practice. These are not
fees payable by you. You may, on request, obtain a reasonable estimate of those commissions and how the
commission is worked out.

Our internal dispute resolution scheme

We, at Red Rock Brokers, believe that it is essential for our customers to be able to identify and deal with a
broker who has the ability, authority and proper training to hear and respond appropriately to any complaints
or disputes. We are committed to the effective handling of complaints and timely resolution of disputes.

Receiving complaints and the complaint process

If you have a complaint or a dispute, you have the option of either contacting your broker or lodging the
complaint directly with Red Rock Brokers.

You can lodge complaints with Red Rock Brokers by contacting the Complaints Officer by:

Phone: 1300 667 694

Email: [email protected]

Address: Suite 1240, 1 Queens Road, Melbourne VIC 3004

You can also speak with any representative of our business who will refer you to the Complaints Officer. You
should explain the details of your complaint as clearly as you can. You may do this verbally or in writing.
When we receive a complaint, we will attempt to resolve it promptly. We hope that in this way we will stop any
unnecessary and inappropriate escalation of minor complaints.

We will observe the following principles in handling your complaint:

• There is no requirement for face-to-face contact between you and us, although it may be useful for us to
come to a satisfactory resolution;

• We expect that both parties will make a genuine attempt to resolve a complaint promptly;

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• We expect that both parties will comply with all reasonable requests from the other party to provide
information within a reasonable time frame.

Timeframes for response

If your request cannot be resolved immediately, we will respond to your request within two (2) business days of
receipt of the complaint. We will keep you informed of the progress of the investigation.

More Information

If you have any questions about this credit guide or anything else about our services, just ask at any time. We’re
here to help you. We have appointed the person below as our credit representative in the provision of credit
assistance to you.
Name: Alicia McDermott
Mobile Number: 0431 304 507
Email: [email protected]
Credit Representative Number: 449494

PAG13E 13

Complaints Policy

FinAlliance reputation is built on matching the approriate product(s) to the individual requirements. We go to
great lenghts to ensure satisfaction with our services and offerings.
However, there may be instances from time to time, where clients may be dissatisfied with the outcomes of our
consuitation process. If you have a complaint about the service that we provide, the following steps or avenues
for resolution are available to you.
Step 1 (under business 1 day) where a complaint or dispute is resolved to the customer’s satisfaction by the end
of the nexty business day from when the complaint or dispute was received. We understand that we will not
be required to apply the full IDR process with respect to capturing and recording the complaint or dispute and
providing a final response on resolution of the complaing.
Step 2 We pride ourselves on the company’s reputation, and want to ensure that all concerns and complaints
are fully documented, investigated and resolved in a timely manner. So, if the issue is not satisfactorily resolved
within 1 working day by talking with your finance broker, we will apply our internal compliants process to
manage your complain appropriately.
Step 3 The Finance Complaints Manager will review the complaint carefully and promptly, taking such steps and
reviewing such documents as a reasonable person would do.
Responding to complaints within approriate time limits and referring unresolved complaints to an EDR scheme
if your compliants is not satisfactorily resolved with your advisor within 3 working days we encourage you to
specify your complaint in writing, along with a suggestion resolution, and forward to the FinAlliance Complaints
Manager at our business address. FinAlliance will seek to resolve your complaint within 45 days and will let you
know if an extension of time is required.
Step 4 If the Finance Complaints Manager is unable to give a final response within the specified period, the
Finance Complaints Manager will, before the end of the period: inform the complainant of the reasons for the
delay; advise the complainant of their right to complain to EDR; provide the complainant with the name and
contact details of your EDR scheme.
If the complaint cannot be resolved to your satisfaction, you have th eright to take your complaint to the Finance
Ombudsman (FOS), of which FinAlliance is a member. This service is provided free of charge to you.
All complainants must be informed that they have the right to refer their complaint to the Finance Ombudsman
Service Limited if they are unsatisfied.

FinAlliance
Level 5, West Tower, 608 St Kilda Rd, St Kilda 3004
Phone 1300 728 838
Email: finalliance.net.au

The Australian Securities and Investments Commission (ASIC) also has a freecall Infoline on 1300 300 630 which
you may use to obtain information about your rights, and to make a complaint. For more information, please
visit their website www.asic.gov.au

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Lending Panel S C H E D U L E A
Commissions are subject to change without notice

STANDARD LENDING COMMISSION RATES (INC G

LENDER UPFRONT

Adelaide Bank (Residential) 0.77%
Adelaide Bank (Commercial) 0.66%
Australian First Mortgage (AFM) Up to 0.77%
Australian First Mortgage (AFM) - Commercial Various (negotiated rate)
Australian First Mortgage (AFM) - Leasing Up to 5.00%
Australian Life Insurance (ALI) 33%
Allianz General Insurance Various
Allianz Life Insurance 20%
AMP Banking Up to 0.715%
ANZ Bank Up to 0.7425%
ANZ Bank - Commercial Up to 0.55%
ANZ Bank Personal Loans 1.65%
Bank of Queensland 0.55% (0.88% promo)
BankWest 0.77%
BankWest - Commercial 0.66%
Barnes Home Loans Up to 0.88%
Bibby Financial 50% of service fee
Blue Wealth Property Up to 2.00%
Bluestone Up to 1.65%
Citibank 0.715%
Commonwealth Bank 0.715%
Commonwealth Bank - Connect Program Various
Commonwealth Bank - Commercial 0.55%
Commonwealth Bank - Commercial Connect Program
Various
Deposit Power
22.00%
Firstmac
GE Personal Loans 0.66%
Heritage 2.75%
Homeloans Ltd 0.605%
IMB - Commercial 0.77%
ING - Commercial 0.55%
ING Direct Up to 0.66%
Jivve Up to 0.66%
Keystart Loans - WA Only $250
LaTrobe Financial (Residential) 0.715%
La Trobe Financial (Commercial) 0.55%
Liberty - Commercial 0.55%
Liberty Home Loans Up to 1.10%
Liberty Asset Finance - Drive Up to 0.62%
Loans Today See Commissions table
Macquarie - Leasing Various
Macquarie Bank Various (negotiated rate)
Macquarie Commercial 0.65% + GST
ME Bank 0.55%
Merchant Mortgages 0.715%
MKM Capital 0.55%
Mortgage Ezy Up to 1.00%
NAB Broker 0.80%
National Australia Bank Up to 0.715%
National Australia Bank - Commercial 0.66%
One 26 0.50%
0.715%

PAG15E 15

Finance Terms

Break Costs
These are costs that may become payable should you pay off all or part of the loan within a certain period,
either through your own means or through re-financing. They will vary from product to product and should be
clearly stated to you before you take out the loan.
Conditional Approval
Conditional Approval is granted by the lender when the loan meets the requirements subject to some stated
conditions being satisfied.
Credit Rating
During our assessment of any loan application we will, after obtaining your signed consent, run a credit report
on you. This will tell us your credit rating, enabling us to determine which products you qualify for.
Deposit
This is the amount of your own funds that you put down on a property purchase. With certain loan products
there may be stipulations as to the source of this Deposit such as it being from Genuine Savings (see below).
Drawdown
This is the term used to describe the action of the borrower actually taking the funds from the lender.
Evidence of Income
On some products you will need to be able to prove your income. For employed applicants this will normally
be in the form of copies of two recent wage slips and a copy of their last Group Certificate or a letter from their
current employer. For Self-Employed applicants they will normally need to show their last 2 years personal and
company tax returns.
Equity
Ownership interests in a property after liabilities are deducted. – See full summary in section before.

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First Home Owners Grant

This is a government grant currently for $7,000, given when the applicants are going to live in the property
within the first 12 months and all applicants are purchasing their first properties in Australia. There are other
qualification criteria and any questions can be answered by contacting the First Home Owner’s help-line on 1300
130 624.

Fixed-Rate Mortgage

A mortgage loan with a fixed interest rate that remains the same for the life of the loan

Funds to Complete (FTC)

Over and above any Deposit that is required on a product, borrowers are also required to be able to cover what
is known as Funds to Complete. This is basically a term used to cover costs which include Stamp Duty, Mortgage
Stamp Duty, Mortgage Insurance and solicitors’ costs.

Further Advance/Increase

These are additional funds released by a borrower’s existing funder. They can be for various uses including
home renovations, debt consolidation or purchasing a new property.

Genuine Savings

Depending on the product and the level of borrowing it is sometimes a condition that the Deposit comes from
Genuine Savings. Although there are different criteria from different funders as to exactly what constitutes
Genuine Savings. It generally means that they wish to see at least 6 months evidence of a regular amount being
put away to build up the Deposit being used. Many funders tend to be very strict on what does and does not
constitute genuine savings although equity from a property normal counts as Genuine Savings.

Further Advance/Increase

These are additional funds released by a borrower’s existing funder. They can be for various uses including
home renovations, debt consolidation or purchasing a new property.

Genuine Savings

Depending on the product and the level of borrowing it is sometimes a condition that the Deposit comes from
Genuine Savings. Although there are different criteria from different funders as to exactly what constitutes
Genuine Savings. It generally means that they wish to see at least 6 months evidence of a regular amount being
put away to build up the Deposit being used. Many funders tend to be very strict on what does and does not
constitute genuine savings although equity from a property normal counts as Genuine Savings.

Interest Only

You can make your payments to your loan in one of two forms, either Interest Only or Principle and Interest. As
its name suggests, with an Interest Only method you are only paying the interest built up on the loan.

Line Of Credit (LOC)

This product is one where you are approved for a pre-specified level of borrowing. The actual amount of those
available funds which you have actually Drawdown at any time can vary throughout the term of the loan and
your monthly payments are on an Interest Only basis based on the amount that you have had Drawdown over
that period. This product tends to vary from a standard loan on an Interest Only basis because they come with a
cheque book facility and are often a good alternative to business bank accounts or overdraft facilities.

Loan Statement

All lenders are required to send out a statement of a client’s account at least annually and in the majority of
cases bi-annually. These statements show the payments that have been made on the account and the interest
accrued, along with a current balance owing.

Loan to Value (LVR)

This is a percentage figure given to the amount of the loan against the value of the security property. For
example, a $400,000 loan against a $500,000 security property is an 80% Loan to Value.

PAG17E 17

Low Documentation Loan (Low Doc)

On a standard loan, the applicants are required to show satisfactory Evidence of Income to prove serviceability
of the loan amount they are applying to borrow. However, with Self-Employed applicants their tax return may
not give a true indication of their income, or they may not have produced their most recent year’s tax returns at
the time of applying for the loan. Therefore, depending on their circumstances and requirements, they may be
able to apply for a Low Documentation Loan. Where income is verified on a signed self-certification form.

Mortgage Insurance

This type of lenders insurance guarantees a full recovery of any loan amount, plus costs, should the borrower
default on the loan and the property is repossessed. Please note, that any Lenders Mortgage Insurance protects
the lender and not the borrower.

Mortgage Stamp Duty

A government tax on borrowing against a property or land, which applies to both purchases and re- finances.
It normally works out at approximately 0.39% of the amount borrowed. Dependent upon state legislation,
borrowers may be entitled to a reimbursement of previous Mortgage Stamp Duty paid on a property if they are
increasing their loan on that property.

Overpayments

These are payments over and above any regular payments required on the loan. For example, if the required
payment is $1,500 per month and you make payments of $2,000 per month you are making $500 per month
overpayments, which may be available to you as a Redraw Facility, dependent upon the product you have.

Principal and Interest

You can make your payments to your loan in one of two forms, either Interest Only or Principal and Interest.
With the Principal and Interest method the payments are mathematically calculated so that if you make that
payment over the term of the loan, and the interest rate does not change, you will pay off the whole loan on
the end date of the loan. You are thus paying not only the interest but also a portion of the Principal amount
borrowed with each payment.

Redemption Penalty (Early Repayment Fees)

These are costs that may become payable should you pay off all or part of the loan within a certain period,
either through your own means or through re-financing. They will vary from product to product and should be
clearly stated to you before you take out the loan.

Redraw Facility

Any Overpayments that you make, may, dependent upon the product that you have, be available to you as a
redraw facility. Under which you will at any time be able to have them paid back to you for your own personal
use.

Refinance

The process of replacing an existing mortgage with a new one by paying off the existing debt with a new, loan
under different terms.

Settlement

This is the day that the funds are actually handed over for the purchase of the property. If it is a re- finance then
the settlement date is the day that the funds are Drawdown from the new lender or the additional funds are
released if it is an existing lender with a Further Advance.

Stamp Duty

A government tax on purchasing property or land. It is payable to the government on or prior to Settlement and
forms part of the Funds to Complete. If the borrower qualifies for the First Home Owners Grant they may also
be entitled to a reduction in their stamp duty payable. Although this varies state to state.

Title

The documented evidence that a person or organization has ownership of real property.

FFINALLIANCE PROPERTY INVESTOR SOLUTIONS WELCOME PACKIANCE PROPERTY INVESTOR
FINANCE SOLUTIONS WELCOME PACK

Unconditional Approval
Unconditional Approval is granted by the lender when the loan has satisfied all stated conditions.
Valuation Report
With the vast majority of loan applications part of the criteria is that the security property passes a valuation
report. These tend to be carried out by Independent valuers. They will value the property based on their own
experiences and judgment, and recent sales in the area.

PAG19E 19

Level 5, West Tower
608 St Kilda Rd

Melbourne VIC 3004
Phone: 1300 728 838
Web: finalliance.net.au







• Please note all repayment, interest rate and LMI figures are not based on a banks
approvals, these are an estimate of what the funds will look like once settled.

CBRE Residential Valuations Pty Ltd. RESIDENTIAL VALUATION
Level 5, 3350 Pacific Highway, Springwood QLD &
4127
SECURITY ASSESSMENT
Phone: 1300 407 092 for Mortgage Purposes

Fax: 1300 301 966 Page 1 of 5

Email: [email protected]

15 Castamore Way Richlands Qld 4077

Organisation/Lender: Westpac VMS ID G9QK4RLA
Business Unit: Westpac Reference No. 464111111111

Postal Address: Attention: VMS
Borrower: Julian Uebergang

1. PROPERTY SUMMARY - Dwelling

PROPERTY ADDRESS: 15 Castamore Way Richlands Qld 4077

TITLE DETAILS: Lot: 7, SP: 262896

Encumbrances/Restr'ns: None disclosed or evident. Please notify valuer if searches reveal otherwise.

Site Dimensions: Regular shape Site Area: 402 m²

ZONING/INSTRUMENT: (QLD) Medium Density Residential Brisbane City Plan 2014 LGA: Brisbane City

MAIN BUILDING: Dwelling with 4 bedrooms and 2 bathrooms. Current Use: Residential

Built About: 2015 Addit'ns:

AREAS: Living: 130 m² Outdoor: 17 m² Other Areas: 0 m²

CAR ACCOMMODATION: Double garage under main roof Car Areas: 39 m²

MARKETABILITY: Average Heritage Issues: None

ENVIRONMENTAL ISSUES: None

ESSENTIAL REPAIRS: None

2. RISK ANALYSIS * See comments for any Risk Ratings of 3, 4 or 5.

Property Risk* Ratings 1 2 3 4 5 Market Risk* Ratings 1 2 3 4 5

Location & Neighbourhood: Recent Market Direction:

Land (inc planning, title): Market Volatility:

Environmental Issues: Local Economy Impact:

Improvements: Market Segment Conditions:

* Risk Ratings: 1 = Low, 2 = Low to Medium, 3 = Medium, 4* = Medium to High, 5* = High

3. VALUATION & ASSESSMENTS SUMMARY

Interest Valued: Fee Simple Vacant Possession Other Assessments
Rental Value Unfurnished: $440/week
Value Component: Existing Property
Replacement Insurance: $275,000
Land: $240,000

Improvements: $210,000

Market Value: $450,000 Four Hundred Fifty Thousand Dollars. GST Free Supply

Documents to Sight: Yes – refer comments Recommendation: Yes

I hereby certify that I personally inspected this property on the date below and have carried out the assessments above as at that date. Neither I, nor to the best of my knowledge, any member of this firm, has any conflict of
interest, or direct, indirect or financial interest in relation to this property that is not disclosed herein.
This Report is for the use only of the party/s to which it is addressed for first mortgage purposes only and is not to be used for any other purpose. No responsibility is accepted or undertaken to third parties in respect thereof. No
responsibility is accepted or undertaken in the event that the party/s to which it is addressed use this Report for any other purpose apart from that expressly outlined above.
This Report is made in accordance with the PropertyPRO Residential Valuation and Security Assessment Pro-forma Supporting Memorandum and must be interpreted with that Memorandum. The agreed parties are bound by
the provisions of the Supporting Memorandum. The Supporting Memorandum is available at www.api.org.au.

Valuer: N-ghieline Pitt - AAPI CPV. API No. 75212 QLD Reg. 3668
Signature:

Inspection Date: 05/05/2017 Valuation Date: 05/05/2017 Valuer's Job Number: 9802216.4

CBRE Residential Valuations Pty Ltd. RESIDENTIAL VALUATION
Level 5, 3350 Pacific Highway, Springwood QLD &
4127
SECURITY ASSESSMENT
Phone: 1300 407 092 for Mortgage Purposes

Fax: 1300 301 966 Page 2 of 5

Email: [email protected]

15 Castamore Way Richlands Qld 4077

4. THE LAND

Property Identification: RPData map, street address

Title search sighted: No

ZONING EFFECT: Permitted development and use with council approval.

LOCATION: This area of Richlands is part of a future development corridor proposed for both residential and industrial
development. Established housing is located immediately to the south and east within the suburb of Inala.
This area is approximately 15 radial kilometres south west of the Brisbane GPO. Shopping, recreational
and educational facilities are available within Inala approximately 2 kilometres to the east. Public bus
services operate along major thoroughfares, whilst rail facilities are located within 4 kilometres.

NEIGHBOURHOOD: Surrounding development primarily comprises residential units, rural residential properties, commercial
development and residential dwellings of a comparable and complementary nature.

SITE DESCRIPTION & ACCESS: A regular shaped inside allotment above road level with a gentle slope. Easy access is available from
Castamore Way which carries a low volume of traffic.

SERVICES: Mains electricity, mains water, mains sewerage, telephone, sealed road, kerbing and guttering.

5. MAIN BUILDING

Style: Single storey Modern Street Appeal: Average

Main Walls / Roof: Brick veneer with rendered brick facade / Colorbond Window Frames: Aluminium

Main Interior Linings: Plasterboard Flooring: Concrete slab

Internal Condition: Good External Condition: Good

Accommodation: 4 bedrooms, 2 bathrooms , entry, kitchen, family/meals, laundry (in cupboard), one separate toilet, porch, alfresco area
and study nook.

Interior Layout: Functional for this type of accommodation.

PC Items: Kitchen: Modern style of good presentation equipped with a dishwasher, electric cooktop, under bench oven,
rangehood, double bowl sink, built-in pantry, laminate cabinets and stone benchtops.
Bathroom: Modern style of good condition equipped with a bath, shower recess, heater/light and single bowl vanity unit
with moulded top and ceramic floor tiles.
Ensuite: Modern style of good condition equipped with a shower recess, toilet, heater/light and single bowl vanity unit
with moulded top and ceramic floor tiles.

Fixtures & Features: One walk in robe, three built in robes, two split cycle air conditioners, automatic garage door, ceiling fans, security
system, roller blinds and vertical blinds.
Floor Coverings: Tiles and carpets.

6. ANCILLARY IMPROVEMENTS

Timber retaining walls, timber fencing, exposed aggregate driveway and basic landscaping

Valuer's Initials: Valuer's Job Number: 9802216.4

CBRE Residential Valuations Pty Ltd. RESIDENTIAL VALUATION
Level 5, 3350 Pacific Highway, Springwood QLD &
4127
SECURITY ASSESSMENT
Phone: 1300 407 092 for Mortgage Purposes

Fax: 1300 301 966 Page 3 of 5

Email: [email protected]

15 Castamore Way Richlands Qld 4077

7. SALES EVIDENCE & THE MARKET

Address Sale Date Price Brief Comments In Comparison to Subject

6 Vanessa Close 02/12/2016 $420,000 Site Area: 400m², Modern Single storey Dwelling, The sale is situated in an
Richlands Qld 4077 c2010, Brick veneer construction, 4 bedrooms, 2 inferior road noise affected
bathrooms, Double garage under main roof, Water position. Similar land area and
tank, Backs a two lane collector road (Government accommodation. Inferior age
Road). Sold by Mtr Property Group - Forest Lake, and quality of fit-out. The sale
Settled Sale, Source: Third Party Database is considered inferior overall.

56 Jordan Street 14/01/2017 $470,000 Site Area: 608m², Modern Single storey Dwelling, The sale is situated in slightly
Richlands Qld 4077
c2008, Brick veneer construction, 4 bedrooms, 2 inferior position. Similar

bathrooms, Reported living area of 138m2, Double accommodation. Inferior age

garage under main roof, Sold by @AP-Realty - Forest and quality of fit-out. Superior

Lake, Settled Sale, Source: Third Party Database land area. The sale is

considered superior overall.

16 Cantoni Place 30/01/2017 $485,000 Site Area: 773m², Modern Single storey Dwelling, The sale is situated in slightly
Richlands Qld 4077 c2009, Brick veneer construction, 4 bedrooms, 2 inferior position. Similar
bathrooms, Reported living area of 134m2, Double accommodation. Inferior age
garage under main roof, Water tank, Sold by Mtr and quality of fit-out. Superior
Property Group, Settled Sale, Source: Third Party land area. The sale is
Database considered superior overall.

Current/Proposed Sale of Subject Property: n/a

Prior Sale of subject property (last 3 years): 12/02/2015 $239,900 Land only

Level of Market Activity: Limited Sales Activity

Selling Period Greater than 6 months: No

Sale in line with local market: Not Applicable
Copy of Contract of Sale Sighted: Not Applicable

8. ADDITIONAL COMMENTS

MARKET VOLATILITY RISK COMMENTS:
The real estate market and property values within the location of the subject property have been impacted over the past 10 years by noticeable
movement and changing market cycles. Our Risk Rating adopted within the Valuation reflects the current Market Volatility within the price sector
and location.
DOCUMENTS TO SIGHT:

GENERAL DOCUMENTS TO SIGHT:
Certificate of title

LEVEL OF MARKET ACTIVITY
The local residential market throughout 2016 and into the first quarter of 2017 has showed a steady level of sales activity and buyer confidence.
Local selling agents are reporting a reduction in selling periods, strengthening in pricing and in most areas a level of demand greater than the
available supply. We would currently characterise the market as steady and pricing appears to have stabilised.

PROPERTY OVERVIEW
The property comprises a modern single storey dwelling. Overall the dwelling presents well and provides an average standard of residential
accommodation.

ESSENTIAL REPAIRS: None

Valuer's Initials: Valuer's Job Number: 9802216.4

CBRE Residential Valuations Pty Ltd. RESIDENTIAL VALUATION
Level 5, 3350 Pacific Highway, Springwood QLD &
4127
SECURITY ASSESSMENT
Phone: 1300 407 092 for Mortgage Purposes

Fax: 1300 301 966 Page 4 of 5

Email: [email protected]

15 Castamore Way Richlands Qld 4077

9. IMPORTANT NOTES AND QUALIFICATIONS

This valuation report has been prepared for the party to whom it is addressed and their nominated mortgage insurer for first mortgage security
purposes and is only for their use and for no other purpose and we disclaim responsibility and liability to any other party who might use or rely on
the whole or any part of this report.

MARKET MOVEMENT
This valuation is current as at the date of valuation only. The value assessed herein may change significantly and unexpectedly over a relatively
short period (including as a result of general market movement or factors specific to the particular property). We do not accept liability for losses
arising from such subsequent changes in value. Without limiting the generality of the above, we do not assume any responsibility or accept any
liability in circumstances where this valuation is relied upon after the expiration of three months from the date of valuation, or such earlier date if
you become aware of any factors that have any effect on the valuation.

GST
Valuations of residential property for mortgage security purposes are undertaken on the basis that GST is not applicable. This valuation is
prepared on the assumption that the subject property does not constitute a 'new residential premises' as defined under ATO Ruling GSTR 2003/3.
Further it is assumed that the subject property will transact as a residential property between parties not registered (and not required to be
registered) for GST. The market valuation herein reflects a market transaction to which GST is not applicable.

PRUDENT LENDING ASSUMPTIONS
This Valuation is given subject to the following Prudent Lending Clause, unless; the person or entity making such loan is an authorised deposit
taking institution within the meaning of the Banking Act 1959 (including but not limited to any bank, building society or credit union).

The Valuation is prepared on the assumption that the Lender as referred to in the valuation report (and no other) may rely on the valuation for
mortgage finance purposes and the Lender has complied with its own lending guidelines as well as prudent finance industry lending practices,
and has considered all prudent aspects of credit risk for any potential borrower including the borrowers ability to service and repay any mortgage
loan. Further, the valuation is prepared on the assumption that the Lender is providing mortgage financing at a conservative and prudent loan to
value ratio (LVR). The valuer accepts no liability whatsoever if prudent lending practices fail to be strictly observed and/or if the lender relies
solely on this valuation, and no other criteria, to advance loan funds.

This valuation report has been prepared for the party to whom it is addressed and their nominated mortgage insurer for first mortgage security
purposes and is only for their use and for no other purpose and we disclaim responsibility and liability to any other party who might use or rely on
the whole or any part of this report.

PHOTOGRAPHS
We confirm that photographs attached to this report were taken during our inspection on the date stated on page one of this report.

10. CAPPED LIABILITY SCHEME

Liability limited by a scheme approved under Professional Standards Legislation

Valuer's Initials: Valuer's Job Number: 9802216.4

CBRE Residential Valuations Pty Ltd. RESIDENTIAL VALUATION
Level 5, 3350 Pacific Highway, Springwood QLD &
4127
SECURITY ASSESSMENT
Phone: 1300 407 092 for Mortgage Purposes

Fax: 1300 301 966 Page 5 of 5

Email: [email protected]

15 Castamore Way Richlands Qld 4077

Based on or contains data provided by the State of Queensland (Department of Natural Resources and Water) 2007. In consideration of the
State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy,
reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or
costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the
privacy laws.

Valuer's Initials: Valuer's Job Number: 9802216.4