I read yesterday that Rio Tinto will be exhausting their current mine by 2011 / 2012 and they are beginning construction of a new mine set to commence production in 2010 which should have enough resources for the next 35+ years.How does Clermont stack up against Dysart and Moranbah in comparison if anyone knows about that region ?Also how…[Read more]

Thanks for the info everyone. Great information for someone looking to getting into the market. Cheers.

Cheers Richard.Makes sense for the long term. We currently have our mortgage as 45% fixed at 8.25% and 55% variable at 8.77% both principal / interest with an offset account. Should we changed this to totally IO or just change the variable portion only to IO ?Could you email me rather than posting here if possible. Sorry to cut into your thread…[Read more]

Duckster,Thanks alot for responding. Some valuable information to consider.From what I know of the Broker we used he's also a Financial Planner. I guess it's always good to get a third or fourth view.Whichever way we look at the situation we're going to incur costs of some sort. If we keep the property, we are going to have to pay roughly $200…[Read more]

Qlds007 wrote:
Hate to disagree with what other forum members have written but normally I would recommend an Interest Only with a 100% offset account for clients and their PPOR loan.There

Richard can I ask why you would suggest this for the mortgage on a PPOR ? I thought that that type of loan was really used for IP's more so.From calcs I've…[Read more]