Brilliant Q's and comments to be considering f and Richard. You've proved to me how easily you can lose everything if you're not treating your investment portfolio like a business. I've just completed some spreadsheets and discoved even with the interest rate rise to 8% I will be $871/month better off or $10,452/yr so I'll still have a bit of a buffer. If things got really tough I could also go back to work or get partner to do a bit of OT so I can't see myself having to panic sell in a hurry. Thanks for motivating me to take a closer look at my financial position!
My loans are: 1) fixed till Sep 08 – 5.99% 2) fixed till Feb 08 – 6.69% 3) fixed April 2012 – 7.25% 4) fixed July 09 – 6.74% 5) variable (15k) – 7.49% With my tax return $$$ coming off variable loan rate increase doesn't affect me. Rents increasing 10-30%+ /annum so I wouldn't imagine interest rates will affect me at all.
That sounds nice Marc. I'm searching Perth coastal suburbs for something like that. Anyone got any suggestions?
kowntafit – don't forget to budget for a cleaner! My friend has a ten bedroom house (future Bed & Breakfast). It takes her cleaner 6 hours to clean @ $25/hr.
