Fred

Harsh comments, which are unwarranted.  Ive been visiting this site for about a year now and bought my first IP last year.  Yes, my experience and knowledge in investing is limited but the advice and reading what other people do or think has been invaluable to me. 

Being geared right is the key and not overcommitting, unfortunately li…[Read more]

FredHarsh comments, which are unwarranted.  Ive been visiting this site for about a year now and bought my first IP last year.  Yes, my experience and knowledge in investing is limited but the advice and reading what other people do or think has been invaluable to me.  Being geared right is the key and not overcommitting, unfortunately li…[Read more]

Hi AllI'm considering placing an offer on a house in Canberra which is in a good area but has a slow combustion heater and the old small brown electric heaters in the wall.  Would this put prospective tennnts off due to the hassle of dealing with wood and is it a worry for me as a Landlord as it is messier.I quite like wood heating but I would…[Read more]

Hi CattleyaThanks for the feedback.  I will keep it and analyse my situation in a year or 2, I think the capital gain will be OK but am unsure as it is only a 2br.  I have to consider as you say whether a 1.6% return is enough.  Even if I totally owned it the return is low.   In time I could sell it and buy a 3br with hopefully a better retu…[Read more]

Leilah, I also agree with Steve 'spend less than you earn', obviously you could afford $100,000 on your wedding and manage your finances well.   My point in the first post was for those spending more than they earn, using credit to pay for their wedding, car and mortgage resulting in the couples both having to work.   One of the brides of the 3 we…[Read more]

Hi JayroYour setting a great example for the young to follow, maybe if they see some real life examples some couples may see the light and follow suit.   Its great your wife agrees with you, keep it up.

I work in Canberra where property prices are too high for me to afford.  I went South to Cooma and have purchased my first investment property, 2 br house on a 900 m2 block for $140,000, excellent value adding prospects.   Although I bought a 2 br It's possible to purchase a 3 br house below 200k.  Cooma is an hour drive from Canberra on the Mo…[Read more]

My sister bought a home in Springvale and I thought  it was a rough area and wouldn't increase in value.  The house has increased in value and she has been living in it for a few years and hasn't had any trouble with the locals.

Hi GiuloI am an owner builder in NSW and it is every 6 years.Anny