Hi smartcube

Welcome to the forum.

I'll play devils advocate – you shouldn't invest in property if your main objective is to save on tax.

Cheers

Jamie

Hi Stuart

Depending on your current lender, you might be able to refinance your current home loan up to 90% of its value. This will give you about $50k which you can use as a deposit (and purchasing costs – stamp duty, ect) for your $300k PPOR.

Cheers

Jamie

I like Wagga for IPs. Has shown consistant growth (not ground breaking – but not too bad) and the high yields in the "dodgy" areas mean it's not too difficult finding CF positive/neutral deals (if this is what you're after).

LJ Hooker are constantly selling off ex Dept. of Housing stock. They used to go for under $100k – might be tough to find them this cheap nowadays.

Investors (particularly out of towners from my understanding) are snapping them up, renovating and renting them out. It's only a matter of time until the DoH stock dries up – this might push prices up.

Attracting a decent tennant may be a struggle

Do a search on Wagga – there's been a few posts recently.

Cheers

Jamie

Sure can – all the info you need should be on the Deposit Power website. Last time I checked you could get an online quote as well.

Cheers

Jamie

Hi Intrigue,

Just sent you a private message.

Cheers,

Jamie

Which broker you should go with? How about the one that:

-will structure the deal correctly
-know's which deal is best for your circumstances
-is up to speed with current lending criteria, products and policies
-answers your questions
-if you're an investor – preferably one with investing experience
-understands your long term plans and helps you build your portfolio

I wouldn't neccesarily opt for the one that gives you back $10 per month.

Cheers,

Jamie

Hi Evernat

Welcome to the forum.

If paying off your PPOR is the goal – but you also want to invest in property, then you're going to have to find CF+ or neutral properties at best. A negatively geared portfolio is going to drain funds that can could be used to pay down your PPOR debt.

You're right – they are probably harder to find now, but they still exist. You may need to think outside the square a little. Perhaps buying something that you can renovate to command more rent. Maybe something with a granny flat that would enable you to recieve two income streams from the one property. You might also have to broaden your search – I'm not sure how Nowra stacks up but I had a brief search a few months back and don't recall finding any CF+ deals.

On another note, the newly sealed Nerriga Road linking Braidwood and Nowra is opening up next month. It's going to shorten travel distances between Canberra and Nowra by an hour. I can see more Canberran's holidaying in this part of the world – great for the local economy….possibly property prices too

Cheers

Jamie

Hi Mark,

Congrats on the purchase! I was going to give you a buzz to see how it went.

Feel free to give me a call on the mobile to discuss the stamp duty scenerio – I was just about to write a response but there's a fair bit to cover.

Cheers,

Jamie

Both get my votes – so sick of seeing invites to invest in Uzbekistan and random spam posts about the US property market.

Hi Nathan

It's an exciting time and I wish you all the best with reaching your goals.

Have you considered accessing some of the equity in your partners home? You could refinance that loan and use the proceeds towards renovations on your home.

Once the renos are finished on your home, have it revalued and access the equity in it- you can then go shopping for IP 3.

Cheers,

Jamie