I think one major factor to consider is trying to keep your properties seperate rather than cross collaterelised.Imagine you buy 3 properties worth 300k with 60k deposits ie 240k loans on interest only.In 3-4 years they are worth 350k and you refinance to 280 (80%) drawing 40 k out of each.You now have 80k.you sell one and now have another 110kyou…[Read more]

From my experience this so called property bubble is spruiked by companies who want you to sell off property and blow all your money on expensive share trading programmes.Not that investing in shares isnt a bad return either (so you can make enough for the next property deposit) but there really isnt any justification for a crash when our banking…[Read more]

Maybe i should refinance to st george and then sell. Suncorp are so difficult. Anyone know of a bank who will take over a 225k loan on a 390k property without taking servicing of other property into account? Probably impossible.

Having said that im in a position where i was going to buy my apartment with my sister and she changed her mind. I feel like looking back after one year i would have been better off as i would be comfortably paying the mortgage payments and easily able to keep my investment property. We could sell in 2 years, take the profit, i would buy a house…[Read more]

Might be easier to look at living in it for 3 years, selling, splitting the profits and going your seperate ways rather than complicating things with trying to split equity down the track. Definetely a smart move to borrow money to pay 20% deposit rather than using parents for guarantor or joint loan.You could make the arrangement you get the fhog…[Read more]

I am looking at doing the same thing to purchase a property subject to sale but have a maximum of 3 months in a term deposit unfortunately. I fail to see why but thats the way it goes.

Hi Jamie, there is plenty of public transport nearby, near all the city unis, the tenant has been there for 4 years which says something good about it and its near plenty of bars and restaurants.I could buy one with a car space but for about an extra 80k.Dan42 I live in Norwood and have been looking for 2 bedrooms+carpark in norwood and dulwich…[Read more]