NRMA seems to be really good .  I have been  looking in Townsville for a while , what suburb do you have your Ip?

soloinvestor wrote:
DO NOT go with CGU insurance!! I am just trying make my first ever landlords claim with them for a property in Townsville and it is ridiculous. Tenant vacated the property leaving $10k worth of damage /issues (filthy dirty – $1,000 cleaning fee,  rubbish removal, broken fan blades, broken glass shower screen, 2 holes in the…[Read more]

Thanks Richard,I wished I'd known about the lenders who lend the 80%.  For interest who are they?(for my next investment/refinancing etc)

HiWe have just  bought a property on Macleay Island. The banks will only lend 70% on the island where they usually lend up to 80% on mainland property.  Property is going up on the islands even the locals are buying up so it looks ok.  We have intentions of keeping the property for quite some time so hopefully it will be fine.  I am hoping it wil…[Read more]

How Does that work??

Thankyou, as it goes on this really doesn’t sound to be a good investment. Where to go now?

There is already some single mens quarters in the town, not sure if any others are going up, but the property is already rented out at $400 to a company ,The real estate agent has told us if we put in 2 more aircons in the remaining 2 bedrooms (3 bd House) we could ask $430 pw