You effectively have a contract with the ex to raise your children between you. Just as you don’t always like the people you work with sometimes you just have to work with them. I would not move without his permission and consultation with the children.
There are more important things in life than money.
Assuming all are cool with the idea.…[Read more]

There are no tax advantages for buying a block of land. If you pay just a few extra bucks for something with a rentable house on it you will have a better chance of getting your loan because usually 80% of the rent is added to your income, for affordability. The difference between what it earns and what it cost is deducted from your taxable income…[Read more]

Mortgage ezy have just dropped the rate they are charging me to 6.64% I think it's a bit rude given that when I took out the loan in November 2007 they had the same rate as pacific mortgage who will now lend at 5.92% I'M NOT HAPPY. Teh guy who sold me the loan said the rate would go up and down in line with RBA movements. CRAP. What I'd like to…[Read more]

I like the way you think Damon.
I bought a property in a little West Australian town 2 and a half years ago because the price hadn’t moved for 13 years and I couldn’t see how prices could stay so low for much longer, given you could get a 10% grose rental return at the time.
When I picked up the local paper there were 3 rental properies…[Read more]

I like to look at thinsgs on the bright side.
higher interes rates should mean more barganing power when hunting for property.
My pundit view is that they won’t stay high for long.
world wide interest rates are low and historically fixed interest is rarely better than variable.

asabove

I have a friend who has a Defence force house and he is thrilled with the setup.
Doesn’t stack up to me. When I crunch the numbers he appears to be bleeding from the hip.

asabove

asabove

Excelent Question.
I have allways been a fan of borrowing 100% on positve geared property.
this to me is a no brainer but they are pretty thin on the ground at the moment and I am looking for alternatives.
Hope to read replies.

asabove

I work it your way dreamer
I bought a property in Geraldton 2 years ago After years of research I figured the place was way under valued and prices could not stay as low as they were.
I am a divorced man with kids so saving for a deposit was imposible.
I found a place that was returning 8% and bought it for 120,000.
It was almost cashflow…[Read more]