TMA

Forgive my ignorance mate but is offsetting basically having an amount of money (say $10k) in a separate account but the interest that the $10k would normally earn just comes straight off the loan interest amount instead?? hence more of the fortnightly loan payments is principal??

What are the major pro’s and cons of this type of…[Read more]

i had a car insurance policy when i was 17 and after i made 1 claim in the first year, the company sent me a letter at the end of the year saying they won’t be renewing my policy and that I would have to look elsewhere….this scenario kind of sounds a bit like that…especially if he had made a claim a few months prior

Cheers

Coops

i must agree that watching commercial tv is akin to having your nuts placed into a vice and then haivng them slowly crushed whilst listening to the best of celine dion and michael bolton….however i have had foxtel for just over a year and i love nothing more than watching a great doco on the many discovery type channels available..as well as a…[Read more]

G’day steve

For what its worth mate I just listed mine at Modbury North and it was the only place for rent. After talking to several agents in the north eastern suburbs, they all seem pretty short on rental places. Down south where I am moving to has quite a few around morphett vale/woodcroft it seems but not that many around Happy…[Read more]

i like mackays idea of working something with the girlfriend so u both get the FHOG…when my now wife and i bought our first place 2yrs ago we were both on the title so only got one grant….bugger!!!

cheers

coops

Hi Allan

Again deepest sympathies with your situation, I can’t relate personally to what you are going through but I can tell you that in my line of work I see a lot of people who are going through the worst periods of their lives and one of the greatest rewards of my job is seeing them in a years time when they have kicked on and are able to…[Read more]

Hi jet

i bought my PPOR when i was 21 and was pretty much mortgaged to the hilt i suppose…i was pretty green knowledge wise and just saved and bought a house as thats what most of my mates were doing….now we r moving and are going to rent the place out whilst renting a much cheaper place at other side of town. I couldnt really believe how…[Read more]

cheers for the replies all

we had several agents over and its amazing how much they differ….one bloke i am sure was really just a used car salesman carrying a property clipboard (said things like ‘if u sign up today but only for today, i can do at this price etc’)..not surprisingly we havent called him back. Its also surprising how much the…[Read more]

Cheers mate

I am in SA and the place is in Modbury North (17 clicks from CBD) and close to all shops etc. The place itself is 3br, a/c, combustion heater, 1000sq blck with separate games room/ent area.

What exactly do the real estate agents do paperwork wise? Is it only drawing up the contract (which I am sure I could pay a solicitor to do for…[Read more]

Hi Zucan

Just be careful of Daveron Park….It is the worst suburb in South Australia re crime rate/Standard of residents etc….Think Macquarie Fields/Redfern and those sort of places in NSW….You know the ones where nobody works, everyone is on dole, do house breaks by day and shoot up at night…you get the idea.

Other than Daveron Park and…[Read more]

Hi Guys

Cheers all for your help…..I did a bit of hunting (including rentcover.com) and ended up finding a place that cost $234 per year….It was interesting how different some of the policies can be but I am happy with the terms I got.

Again the help is much appreciated.

Coops

Sensational article xxx…spot on in my opinion. Some of the opinions being brandied about show a lack of understanding of legal systems in both Indo and Oz…yes they r guilty til proven innocent over there, but the laws of evidence work the same as they do here. Mick Keelty must be wondering what he did wrong, being criticised for stating the…[Read more]

Hi guys

I looked at buying a place at roxby downs (about 7hrs north of adelaide), with a vast majority of the residents working for/or subcontracted by Western Mining Corporation…This is probably one of the biggest mining towns in Oz and with the average wage of the townsfolk being around $60k (only hearsay from miners/people on the street…[Read more]

Hi guys

I agree totally with anzac hway being a no go zone. Although Glenelg is a surfers paradise type district, a lot of places between glenelg and the city,particularly on anzac hway itself are filled with the kind of people you wouldnt want to be living in your house (thats the nicest way to say it)

Blair Athol has a very bad reputation and…[Read more]

Hi guys

I hope you are all right and capital gains continue to go thru the roof and the future emulates the past, however as they say ‘different strokes for different folks’ and for the moment i cant afford to lose money on a house every week and hope it goes up (which i know it wil eventually but WHEN is the $64million question???).

great call…[Read more]

I would like to start off by thanking the person who started this subject..as soon as my wife to be found out there was lovey-dovey-mushy-girlie stuff on this site, i had to fight to get my computer back!!!

for what its worth we met at a nightclub, engaged 6 months later, 1st baby 4 months ago and getting married saturday week. Oh and to add some…[Read more]

G’day Scotty

You and I sound like we are in similar boats…sort of just starting out and hoping to emulate some of the bigwigs on these forums.

my stance is that if u buy property and just sit on your arse hoping it rises in value or hoping u get tenants, then odds are it wont. especially not in 2005! I think if you buy something with a plan to…[Read more]

yeah thats pretty much the installment guide the bank gave me…foundation,walls, etc etc….

my builder will be my father in law, who i am sure will help as much as he can, but he is hardly going to lend me $200k for 12months until i can start making an income from the units.

looks like i mite b eaing 2 minute noodles for a few months while the…[Read more]

Thanks mate, by that do you mean borrowing a bit more in each installment, then using the left over amount after bills are paid to pay the interest bill??? (i.e installment of $40k of which $30k goes on bills then use remaining $10k to pay the interest payments)

I have heard of that but wasnt sure of its legality.

Cheers

Coops

Hi Duggan

Being 23 I know exactly how you feel!!!! I own (well the bank owns, they just let me use them) 2 properties, one of which I am owner/occupier. The other i plan to subdivide etc next year…but anyway I digress.
Mate the important thing I have found is read as much as you can but don’t cross the point of procrastination. Just remember to…[Read more]