Thanks everyone for the feedback.Much appreciated.

I currently do pay P&I on my loan. I will look into this further.Cut up credit card, good idea.Next step is to set an achievable financial goal for myself and reach it.I do not know enough about withholding tax variation form so i will look into this as well.Thanks for the advice Derek.Much appreciated.

Derek What you have said I know to be true. I thank you for your feedback.Do you have any suggestions when it comes to developing good personal financial management?Personal change is some times a very hard thing to do and it is an area in which i will be putting alot of time and effort into.Thanks for replying to my question.

I am now 36, and have made some financial mistakes in the past. Currently i am re building as it seems you are.Stable income is important, definately priority one i would think.Become more money savy as i also need to, educate yourself and as others have suggested start learning good money habbits.You seem to have a few areas of interest when it…[Read more]

I am new to the Sydney property market and am myself looking for an accountant who specialises in property investments.Would like a few referals.Thanks.

Thanks for the feedback all.CheersDanny F

As a new member to this site I am very impressed with the quality and volume of feedback.

My thoughts on this question, I can only go on my own experience.

I have a small 63 m3 unit in a complex of six. Rent doesn’t quite cover mortgage repayments, I tip in $500 a month, I also have quarterly rates, water and body corporate fees. As a cash flow…[Read more]

As a new member to this site I am very impressed with the quality and volume of feedback.

My thoughts on this question, I can only go on my own experience.

I have a small 63 m3 unit in a complex of six. Rent doesn’t quite cover mortgage repayments, I tip in $500 a month, I also have quarterly rates, water and body corporate fees. As a cash flow…[Read more]

Thanks for the feedback. The only way I can see to increase the perceived value in this property would be to replace the kitchen with a more modern kitchen. Not any opportunity to add an extra room or anything of that nature.

Cheers

Danny

If you have a PM for this property then forward the issue to them. You pay enough in PM fees, they should be there to manage issues like this so your time is not taken up.Good relationships with neighbours are important, but there is only so much you can do. Your main focus should be your property and your return. If your tenant is mostly good,…[Read more]