Im keeping in touch with the rea and theres no interest in the properties as of yet so hopefully will be safe. So ill wait it out till friday. Fair enough he may not submit if we havent inspected. Thanks for the tips from you both.

Thanks for the comments. I may have written this post in a bit of haste. Spoke to my broker regarding finance and he has informed me that the pre approval was 300k due to the deposit we had saved up (which was nearly 2 months ago) we have a bit more saved now and he thinks it should be fine to get us over the line to purchase both properties!

btw, have about $25k in savings and save around $3500pm so borrowing capacity may increase slightly over the next month or two

http://www.onthehouse.com.au is pretty handy

managed to get around the world for 2 months on about 15k saw all the sites and not 1 backpackers hostel so you definitely dont need a mil to do it. If i had $1m probably gear myself up 1:5 if possible and buy $5mil property?If i had 20 times that: -a few acres in my hometown cooranbong/martinsville (probably buy the house i grew up in back)- a f…[Read more]

Property is NSW

merewether bar beach cooks hill are probably the ritziest places. new lambton heights is pretty exclusive with some nice big places there – rankin park is close by and has the same sort of places. Kotara and Charlestown are nice too plus they both have a big shopping centre each (charly just had a huge refurb). Other end of the spectrum your…[Read more]

yep grew up about 40mins from town n moved into town about 4yrs back

Gday MrLasvegasIslington – pretty much the red light district of newy but theres alot of action to try and clean it up…although there has been for some time. Most of the places are fairly high density but it is the closest to the cbd of the 3. Got a couple mates who live there and dont mind and there are a few interesting characters living round…[Read more]

Terry,Lets say you have a dear old grandmother with a spare 50k that she wouldnt mind leaving in your bank. Could you potentially put that in your offset account or are there some other tax implications of 50k suddenly appearing in your bank account?Also lets say you put 95k in the offset account would you really only be paying interest on 5k?…[Read more]

TerryThat was exactly my train of thought when posting this

Gday everyoneAfter reading this post I was pretty interested in the idea of an investing specific tafe course. Tafe teachers are pretty handy and I dont think it would be a case of someone trying to force theyre products on you. Anyway im from the Newcastle, NSW area and found this on the hunter institute of tafe…[Read more]

Yes I have read conspiracy of the rich. It was an interesting read but like his other few books i have read, nothing really concrete to gain from it. Id say if you can get your hands on a copy from a friend/library have a read but probably not worth forking out your hard earned cash for.

Terryw wrote:
Start by reading as much as you can.Then try to get into a modest house as soon as you can. Don't aim too high, you just will want something to get a foot in the market. I suggest you go for the FHOG and stamp duty concessions etc, live in it for 6 months (and do it up a bit while there), and then move out back to mum and dads. You…[Read more]

Thanks for the reply Scott. In the instance of pooled return would the resort then take care of maintaining the room eg cleaning, fixing fittings etc? or is this something you would have to take care of as well?

Hey Jo,Thanks for your response. Gives me a bit of insite of what avenue to take when enquiring about this. Being a novice im not sure what you mean by "is there any strata" Ive tried to google it but would you mind elaborating more on that?Cheers