: ) thanks, ebaying now!

Hi Anthony,Thank you very much. Spoke with mortgage broker this week. Found out more about the PAYG variation so will see an accountant also in the next couple of weeks. The rent I currently get is above rents for the area so am lucky with that but yes definately in the next 6 months need to review. And thank you for the recommendation of the…[Read more]

Divorce property settlement for your information Goblin!!!!

Hello all,Well the latest is that the house in Gympie is off the market and I'll be doing the PAYG variable shortly./ Ive just heard that apparently there has been a further offer on the house i wanted and theyre going with that so wasnt meant to be this time and I'm sure another one will appear eventually.I did also talk to an advisor who…[Read more]

Ironic! yesterday morning, I called the agent and asked him to call me as I was taking it off the market, called the tenant and left a message that I was probably going to keep. Five minutes later, the agent calls to say he had someone looking round at 1!! wish he'd have kept me in the loop! Not had feedback from that yet.However, the more…[Read more]

Thank you all for your valuable info and advice. The thought of buying another investment property fills me with dread : ) If i want to buy a PPR, surely I have to disclose that I have a mortgage on an investment property, so how would it be the same buying another investment property?

Thank you gents for your replys. I do have a depreciation schedule and all day have been thinking how I could reduce my outlay and put all the tax back into helping with those monthly payments. i suppose I'd have to shop around with different providers to see if I could change the mortgage.Paul, thank you, youve now thrown a spanner in the works D…[Read more]

The house is in Gympie Beedie and thank you for your reply. I think thats it, I just don't know what to do. I was advised a few months ago to get rid and I just took that advice. If I reduce the mortgage so the rent covers, its a 150k! As for rent increase, he's paying top rent anyway for that area, most are 300-320 pw and I get $330.I'll keep my…[Read more]