Most painters I know want to supply their own paint.  This seems to be due to the different types of paints available.  Some paints are better for rolling and some for spraying.  I don't know which are which but I have been told that painters get used to using certain types of paint.  Probably the same reasons electricians like to use certa…[Read more]

I know you can self manage your super, but I do not know much more.  It was something that I was looking into as well.here are some links that I have been reading up onhttp://blog.enright.com.au/2009/04/15/take-control-of-your-superannuation-2/http://www.superannuationrecall.com.au/

aturner wrote:
I am currently employed full time on a salary of 200k a year. I have savings of 80k and and have no debt. I only have a very small amount of expenses such as phone and internet each month. I do not currently own a house or pay rent as my accommodation is supplied by my employer.

What are you spending $120,000 on if you only have…[Read more]

Just some quick maths from my first look,after reno income $300 * 52 = 15,600 15,600 / 240,000  = 0.065 or 6.5% yield.  this may be an okay yield for most investers set on negative gearing, but the extra money that you spend to perform your renovation will reduce your yield.  If you quit your job what will you use the negative gearing for.  It mig…[Read more]

jontapp wrote:
5 days per week – 15 hr days (6am to 9pm) – why be in a relationship?

Think of all the loving they can do on the weekend!

I agree that they should not have bought a house and land package and started off small.  Then they could have bought something closer to the 100k mark and payed that off.  When Chloe finishes her apprenticeship and secures a better wage they could buy the house and land package, Rent it out, claim the losses to help pay off the PPOR,  That way so…[Read more]

As some one whose PPOR is surrounded by floodwater, I will not be selling.  I believe that the houses that do sell will fall about 10%  then rise again provided there are no more floods in the next 5 years.  If the floods come again in the next 12 months you would see a huge drop in prices.  I think the price drop will be inversely pro…[Read more]

I recently bought an investment property.  I went through the same lender that i used for my PPOR.  I had about $15,000 in redraw on my PPOR and the bank was willing to give me 90% of the two property values minus what I owed.  So in doing so I had to some of the redraw to help pay for the investment.  If I was in your situation, I would stop mak…[Read more]