Thanks terry

Yeah sorry to sound confusing Jamie that’s right, the goal is to eventually own the original ppor currently being rented out and move back there when it’s time to retire, (10 yrs or so) to answer your question no we don’t plan on buying another ppor. My main question is do I utilize the extra $ we have been able to pay into the offset by…[Read more]

Hi

I am in a similar situation, purchased ppor 7 yrs ago moved out 2 yrs ago to rent out and moved to company house rent now pays for itself p&i and have $280 owing worth about $550 with about $90 k in offset

. Also brought another one from equity loan of $125 k leaving about $18 in kitty for emergency. Balance of 80% loan from another fi for…[Read more]

Hi I live in Moranbah and just posted on fishmeet's topic Are some mining towns too hot?Have a look, if you need any more info let me know.

Hi Fishmeet,I live in Moranbah and things are starting to slow. There has been an influx of investors over the past 6 months and the prices as you are well aware have skyrocketed. There are alot of long term residents (20yrs +) taking the money and leaving town. This is putting more houses on the rental market and unless you have a family member…[Read more]

Thought you guys might find this interesting reading. Any thoughts?http://www.dailymercury.com.au/story/2012/03/02/up-in-arms-over-exorbitant-rent/

Thanks Richard,I have been looking at options and looking further into figures I don't think it is a good option.Thanks for your reply

schmoo [4 Posts]January 23, 2012 – 11:22amJoined: 09/01/2012Why would there be 67 properties for rent in Moranbah when there is supposed to be high demand for rental properties? The rental prices are still high.Hi SchmooThere are 67 houses for rent because the R/E doesn't take them off the website once taken, there are always multiple applications…[Read more]

Thanks Derek and Richard,I appreciate your comments. I would like for you to comment further, so can you indicate what is it you need to know and if you wouldn't mind could I PM you so as not to tell the whole world my details. I have been considering mining towns as I live in Moranbah and have been kicking myself I didn't buy here 12 months ago…[Read more]

Hi Lulu,No you are not alone, I do the same and jump all over the place. I get an idea in my head and then do the figures and then someone will mention something else and I get all confused, should I buy here or there etc etcI know its hard but you just sometimes have to go with what you think is best at the time.Remember sometimes the worst thing…[Read more]

Thanks for your thoughts Derek,In 8 years I want to stop work buy a motorhome($200K + at todays prices) and travel, having a passive income of around $100kThen when we get sick of that (say about 5 yrs) move back to the house but still have enough to live and maybe go on a few overseas trips. Our no1 IP is actually our PPOR that is being rented…[Read more]

Thanks Jamie,Its financial advice I'm after on  how to properly structure my portfolio and what to do next. Then I will start looking for that particular property. There seems to be alot of hype around the Bown Basin mines as CF+ are easy to find with promises of still 20 -30yrs work.One of my properties is neutral the other negative, should I be…[Read more]