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Guieseppe

Using a professional package with a discount off the Standard VR the payment would come down to approximately $185/ week.

Whilst you stil have to cover the other costs if the property is in a good area and easily rented why not consider using the equity and purchasing a positive cash flow property. A bit of balance and…

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Isn’t $125k over 25 yrs at 6.57% = $196 per week repayments. There are lower rates than this too.

With a good accountant he should be able to get you some tax deductions as well.

Wouldn’t this be positive, then.

[^]Sorry it has taken so long to get back a reply. The property is slightly -ve geared and when I posed the question I guess I…[Read more]