Thanks for the advice,

I live in a defence house (Mq,300 per ft rent) and my parents live in the unit. As you commented, it was an opportunity to get me into the market when we bought the unit and my parents are thinking that with the extra $ i have, it might be a good time for me to go alone.

Thanks for providing the numbers, and will look a…[Read more]

thanks heaps Gross for taking an interest.

ok, purchase price $420,000.00 in apr 04 split 3 ways. repayments are $1100 per ft (400 from me, 800 from parents), although the outstanding balance is $124,000.00. My parents put a lump sum of $200,000.00 in oct/nov 04, reducing the interest. Other units in the area have been selling close to…[Read more]