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  • Profile photo of AshyAshy
    Participant
    @ashy
    Join Date: 2004
    Post Count: 3
    August 2, 2004 - 9:46 am

    hello Ozterrier,
    I have been looking at townsville for a while now too (i lie this is the first week ive been looking at real estate and i live near townsville [tongue]). From looking around at real estate listings in the paper and brochures it seems that the market is highly overpriced (using the 11 second solution) but from what i have read on this forum it seems that all over the country is pretty much the same.
    I found this the other day http://www.townsville.qld.gov.au/about/atlas/exec_summ.asp
    It might be of some use to you, although it is from dated information.

    Profile photo of AshyAshy
    Participant
    @ashy
    Join Date: 2004
    Post Count: 3
    July 31, 2004 - 4:47 am

    Thank you for explaining that Steven.
    How then did Steve calculate the annual loan repayments? As the principal decreases the interest portion of each repayment will decrease and the principal portion will increase. This seems familiar somehow, im sure we did this in maths B at high school but i cant remember how.

    Also are I.O. loans usually at a lower interest rate then P & I?

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