thanks Derek and everyone else will see a broker and get an idea of my borowing capacity first

got a much better understanding of how equity as security works now.

thanks for the replys guys they are very helpful, i worded my original post a bit wrong i realise by using equity im not actually borrowing 100% against the investment property and that you cant comment directly on my position without all the facts was more just a general enquiry into the structure of other peoples loans.
will have a look at thing…[Read more]

thanks guys!

i think what sektor meant was by having to but a licence that would slow down the market without the need for rate increases.
everyone said why should investors be have to suffer but they would suffer anyway if rates went up?
i dont think sectors idea is so bad but in reality it would only be a short term once off fix as after we had paid for a…[Read more]

I agree, i feel we are lucky to have himon this forum he has aswered many of my questions directly and indirectly on the forum.

woops it woul prob help if i actually left my email address [xx(]

[email protected]

thanks

would love a copy as well!

thanks []

Currant fixed rate as advertised on their website is 6.60% for 5 years.

only incurr charges if you try to pay over the 5000.00 per annum extra payment tolerance during fixed peroid, you make a good point BEAR1994 about refinance charges as i will posibly restructure during this peroid to buy more investments

I randg the apropriate govt agency to ask the question they said;

their is no specified time but you must use it as your primary place of residence in the first year they suggested a for a min time of 3months after which you can do as you please.

well peter Collie does have a number of +ve places but its a tough one because with the uncertainty of coal fired power stations and the fact its been a steadly shrinking town over the last 15 years but…..?

Borgod, you mention donnybrook and the timber industry but donnybrook isnt a timber town but i agree lovely area wouldnt mind moving there…[Read more]

hi Chris77 any chance you could email to me too?
pweeease

[email protected]

thanks heaps!

Hi Peter.

im from south west too and just getting into it ive been studing prices for a couple of months and have found plenty that fit the 11 sec rule in and around the south west. check out some of the smaller towns thats where most of them are located.
p.s most are under 70 000 so shouldsuit you well.

hi all,

well im hopeing the bubble will burst as im not about to sell my own house but i am looking at getting into a investment property so for me a downturn in prices will be welcomed assuming it dosnt take to long to cycle back