But there wouldnt really be an adjustment being made as you wouldn't be claiming anything whilst its a PPOR. ? .What is the difference between prepaying interest and repayments in advance?  The loan is IO.Thanks

I am no accountant nor an expert on the economy but it is all good and well for the RBA chief to say this as im sure his massive pay packet without investing is a comfort to go home at night….. But for us mere mortals investing is the one way to seriously get ahead and try to break the 9-5 rat race……Ill still take as much money as the banks…[Read more]

Vita I think that is about the right price.  It is no where as expensive as I what I first thought it would be.  You can also just do key areas of the property if you want to save on costs.  Most packages I have seen run for between 2 weeks and a month.

Anyone?

Anyone?

Danny,               I have looked in to doing this…… However my thoughts are that an agent who isn't then going to manage the property has no invested interest in it to some degree.  They could give you any tennant to get the money.  To them it doesn't matter if the tennant turns out to be no good as they are not managing it hence not reall…[Read more]

Hi,         This to is my dilemma.  I have a couple of properties I self manage and don't have any problems managing them.  My only problem is advertising.  Most people go straight to realestate.com and why wouldn't they.  It is hard to get exposure.  Even a private add in a paper and a sign don't have that much of an impact unless it is on a busy…[Read more]

Insurance is like anything you get what you pay for.  Some of the premium companies may charge more but they can be much easier to deal with come claim time.  Insurance companies have taken a hit in the last year with the Bush Fires, Storms and QLD flooding x 2.  They are like any other business when times are tough they do what they have to do to…[Read more]

There is an oversupply.  It is also a suburb that 6 months ago some banks were very iffy about.Have you been for a drive out there?

Hi Andy,                     That would be great if you could let me know how you go.  In the process of building some units and very curious as to know if it is money well spent to stage a property.  I think it definately looks better but at the end of the day it is the money figure that determines whether it successful or notLook forward to he…[Read more]

I am in the process of having my broker untangle mine so I can purchase further properties.  Mine were all cross secured I had plenty of excess income to purchase another.  Bank said no.  I will now have no worries to buy more now they are broken up.  In my opinion unless there is absolutely no other way to purchase then don't cross secure.  Ther…[Read more]

On the bottom of your payslip for the fornight it would be technically more so possibly more fabourable?

Maybe review the location and price range?I too will be interested to see more financial responses.

I would get a independant valuation done and ask the valuer if I did this what would you then estimate it be worth within reason.  Kitchens are the hub of the house and can put alot of value on but it is important not to go over the top.The other thing to be careful of is LOC extensions and initial setup are hard to get approved at this point in time.

Mike,            I am in EXACTLY the same predicament.  Hindsight is a wonderful thing but I wish I had of structured my portfolio differently in the past and used a GOOD broker from scratch.You need to break up your portfolio by spreading the debt risk between a few different lenders.  For an example (hopefully in laymans terms) if you have 1 m…[Read more]

Thanks Richard.  Was just curious to see if it was a marketing stunt or not.

Jac I think you may have got confused or I did not pose my post correctly.  I meant Banks Affordability Rates Calculations.

I may start this as another post but affordability rates are quite high at the moment.  Are they likely to come down anytime soon? 

Sorry thats meant to be P&I.

I went to the NAB for a meeting and have to say have come away bitterly disappointed as they have used an interest rate of 8.25% IO for there calculations.  I understand you have to play their game but come on how is anyone suppose to get ahead?