Contrary to what most people say I think LOC just cost extra for little benefit.

Consider a standard variable loan with 5 years interest only period. Lets say you borrow $100,000. Most loans will allow you to make extra repayments and allow redraw free of charge, or others have offset accounts (same net effect). Having got the $100,000 make a…[Read more]

Hi

I don’t know much about Cobar but just a thought. Maintenance costs on rental can make the deal unattractive. For example if something breaks you are at the mercy of local tradesman and in small towns like Cobar of ~5000 people. What do you do when the place needs painting etc etc or a tenant leaves and the place needs cleaning up.

If you can…[Read more]