Mmm I see where you're coming from – it just seems like paying rent is money down the drain. If I could save the down payment this year then buy something at a desired price range I'll be paying off my mortgage like I would rent anyway except I'd own the place. Like the place that expected $380 a week for rent, I had a quick look at the numbers…[Read more]

Great to hear So should my goal be to make the place pay itself off? I mean if I live in it for a year and my mortgage repayments are $400 a week and thats the only amount I can rent it out for, is that how I should look at it? I guess the overall thing I'd like is to be able to pay off my own home comfortably and earn extra income by building a…[Read more]

Thanks for your replies. Definitely taken a lot into consideration and thought about it a bit more, think the smartest move for me to do would be to aim for an apartment for my first buy then spend a year doing bits and pieces to it to increase value even if its just installing another aircon, new carpet or floor boards would be great and some DIY…[Read more]

I'm more so just thinking ahead of what I could do. I rented a nice apartment in Liverpool, Sydney where all the new developments are, it was on the top level and $350 a week – can now see them for up to $400 a week. Complex had underground lock up parking, elevator, BBQ areas etc and the apartment itself was 2 bedroom, 2 bathroom and had 1 aircon…[Read more]

Thanks again for the replies How would I figure out exactly how much cash I should be prepared to part with before buying – or what could I expect a mortgage broker to advise me? I guess thats the first step and thats what I'm trying to do now, get enough $$ together to get things started.@Heath06 That'd be a great idea – I've seen simple things…[Read more]

Thanks for the replies! I was hoping to buy my first property in the Norwest area (Sydney) as personally I'd like to live there but also because it seems that rental prices are a bit higher without the purchase price being pretty much impossible like somewhere such as Sydneys eastern suburbs. I currently live in the South West and rental prices…[Read more]