Jamie are you in Canberra?? We should catch up and have a chat as we are looking to get into the market. We should be approved for a loan on Wednesday fir 500k to purchase a place we wi be residing in although I’m thinking I would rather buy an IP that is positively geared as a first place and as an IP.

Do you thi k this is a good idea??

What…[Read more]

Thanks for you advice as it is really clearing a few things up for us.This is what we have come up since joining this forum and with the great advice we and opinions we have received!The cost of the house is 325k – around 340k with stamp duty and legal fees (rough estimate)20% of 340k = 68k – this will be the deposit on the house and should leave…[Read more]

Hi I am the other half of the couple! Thanks for your amazing insights, we are very grateful for all the advice! I am starting to think that an IP may be our best bet if we are trying to get ahead financially. I would like to invest in a home but perhaps down the track when we have made some money? The emotional investment can wait…If we were to…[Read more]

We are thinking about purchasing a home to live in which we would take a 500k loan which will cost us around $950p/w in repayments.Our rent at the moment is $355 p/wIf we were to put out savings into the investment property i have talked about in the above post then we will use our savings and borrow around $261k – rental return on this property…[Read more]

My partner also thinks that buying a home first is a better idea than purchasing an investment property – could you please clarify what you think would be our best option or give ideas of what our options are taking into consideration our situation?