Qlds007 wrote:
We are not all doing so because we have to. Some of us carry on working because we enjoy it.Please don't say 'see a financial planner'. If they knew how to be financially free then why are they still working!?

Don't listen to any sporting coaches either for the same reasons..

From what I hear the banks have tightened up since the GFC on the practice of releasing equity from your properties to live off and capitalising the interest ongoing?

QLDS007 is the man I would recommend you speak to denny! Richard has just assisted me in setting up my LOC through my existing lender. I'm from Geelong but more than happy having my broker parked up in sunny QLD 

Hmm very interesting, will be keen to hear Richard's view on this? Richard has just helped me set up a LOC with my existing lender of 50k which I will use to purchase my I.P I am buying off the plan.By the way guys I cannot speak highly enough of Richard (QLD007) and the A+++ advice he has giving me so far in the setting up and structuring of my …

Grovedale is a fairly well established suburb. Median prices are probably around 250-300k at a guess. The suburb does have some areas that are heavily populated by commission homes so that affects it's appeal somewhat. Vacancy rates are quite low.

Agree with Hulkster, anywhere from central to south of geelong you will find low vacancies and quality properties. I have lived in Geelong my whole 30years and have recently purchased an I.P off the plan in waurn ponds.

All superannuation funds offer some form of income protection/salary continuance. The amount and benefit period depends on the fund. Generally unless your super fund is an employer sponsored fund you will not have income protection automatically attached. My wife is with VicSuper and has income protection through her fund, this was not aut…[Read more]

It's exactly the same process though. Difference being the premiums are paid by your superannuation fund as apposed to coming out of your cashflow. Bear in mind it's only tax deductible if paid from your cashflow. There are advantages and disadvantages to both options.

Hi Gats,Ok here is a defintion of Income protection insuranceAlso known as 'income replacement', 'disability income' or 'salary continuance'.Income Protection is Insurance that will pay a regular income to a person if they are disabled by a sickness or injury. The maximum benefit covered is usually 75% of current personal exertion income after…[Read more]

Hi DWG,Armstrong Creek is located just off Torquay Rd basically in between Torquay and Waurn Ponds about 5-10mins from Torquay.As far as investing in Norlane and Torquay you will certainly find cashflow + properties there. Unfortuantely they are very low income areas and suffer high unemployment. It's an industrial area that obvoiusly relies on…[Read more]

xya wrote:
Hi all,I've recently exchanged contract to purchase my first property, initially to live in and later to convert into an investment property. My fiancee has agreed to help me out by transferring her savings and future pay into my offset account to help reduce my loan repayments. As we are planning to buy another property within 12…[Read more]

No it's not fixed

Thanks guys for your help so far. So to clarify things gearing to 90% on my PPR i have 35k – costs, stamp duty etc to use for a deposit on an investment property? And the current loan with my bank can does that remain with them? or will the broker i obtain the loan from refinance that loan and incorporate it with my new loan? That part is the con…[Read more]

Ok thanks, my current bank lender will only lend 80% so that's no good for me. So should if i seek out another lender will they loan 90% on my PPR? And will that mean i need to break my current home loan and refinance it with other lender? Our unit loan is now cash positive and we pay $100 a week extra on our home loan so i would be confident we…[Read more]

Does the property portfolio column include your home? or just your investment properties?

thanks guys i will put into my home loan