Obviously stamp duty savings on a new home as you only pay stamps on the land not the house and then you have depreciation which would be far better in a newer home.  Have a loook at what ameneties the new area has or is going to have and how long it is going to take to get up to scratch, as this can cost you huge capital growth if the area l…[Read more]

i didnt think you could pay pay off any of the principal on an IO loan?? 

If you made a lump sum payment of $5000 on a $110,000 IO mortgage wouldnt that just pay the interest not the principal so therefore paying the interest on a $110,000 mortgage not $105,000??

Thanks for the response guys that clears that up, need to make some calls. Even if i cant seperate them i think they would still be a good buy.

I also have two small dogs and my home is like a display home, it all depends on the owner of the said dog. I'm looking at renting a place for a while so i can invest more and hope that i can find a decent property that allow pets. Making people pay more money to have pets is just going to annoy them and they will move on you either allow it or yo…[Read more]

Thanks propertypower, yeah ugly duckling is great puts everyone else off!! 

Thanks for your repy Marc the problem with looking at other areas means buying further from the city than we want to live, i'm thinking rent where we want to live invest the money we have in a high interest account until we find a deal that looks good then buy. can rent for around $250 PW which will also enable us to save a lot more money than the…[Read more]

At the mmt demand is really outstripping supply which puts the ball well and truly in the vendors court, the area i'm looking at purchasing in has gone up by about 20% in the last 9 months. I was looking at purchasing a house to renovate for a quick sale and profit but in this current market thats not going to happen, given the increase in capital…[Read more]

2. Relax most electrical & plumbing jobs so un-licensed handyman can do. Also open the flood gate to foreign tradesmenas tradies in most countries are not as spoiled as in Oz. (In Mexico they have to queue every morning for jobs to earn fewdollars a day !)3. Reduce the length of apprenticeship to one year. There is not much to learn in plumbing…[Read more]

I would rather keep the property rented out and sell in retirement or if i really had to. The loan would be interest only and fixed.  At least by keeping the property you are still gaining capital growth whilst also using the equity to buy other investments. I would only advocate selling IP properties in order to pay off your PPOR (bad debt). C…[Read more]

There must be a list somewhere that details products containing asbestos, or a general guide. If any one wants to post their experiences with asbestos including eg lino, rough date on age of home etc may help people diagnose a potential health risk, prior to being exposed.