Good post wezwaz, you are spot on.What is a bailout you ask? A bailout in todays terms simply means printing more money using the printing press. With the collapse of Greeces economy and the actions of the european central bank the message they are essentially giving out is that they will fund any euro related country by printing more money and…[Read more]

Hi all, thanks for the many replies regarding home loan & insurance, much appreciated.Just to give an update, the ING loan is going well but as I was not feeling very secure with my mortgage broker who was handling the deal (very inefficient and lacked communication) I ended up searching around and am well into the process with NAB, which turns…[Read more]

Hi EvaCD, it's been a bit frustrating for me as I am going through a (very bad) mortgage broker who was referred by a friend and they are doing the application on my behalf. I am not sure of the reason for the hold-up, all my broker has said so far is that I will find out for sure on Thursday. I received conditional approval (according to my…[Read more]

JacM: Thanks I'll look into AAMi! basbog: no I didn't sign with subject to finance.. in your opinion do you think I have enough time to sort out finance with another bank if I wait to find out on Thursday (or should I start the process with another one just in case for backup right now)?

Thanks for the speedy replies and yes Richard is right as confirmed by a reply from the OSR, here is an excerpt from their reply:If an applicant and their spouse/de facto partner has purchased an investment property after 1 July 2000 in any State or Territory in Australia and has not lived in it for more than 6 months, they may be eligible for the…[Read more]

My query is for the state of NSW:The eligibility requirements are stated here:http://www.osr.nsw.gov.au/benefits/first_home/general/eligibility/The way I interpret it, it seems that since I am not residing in it as my PPOR and it is purely as an investment, I should still be eligible for the FHOG when I make another purchase at a later stage for…[Read more]

Many thanks for the replies sootyss and ducksterCan I ask you both.. What was the first investment property you ever purchased, and how long did you wait to make that purchase (e.g. research, planning, etc) and finally, how long was it till you made your next investment purchase?Cino