What do you do with your excess cash

I’d save it for a rainy day. Interest is the same regardless but you get to keep the cash.

How is the contract filled out incorrectly and why is this a real impediment? My sales contract from auction technically had the wrong address (same street adjoining suburb) and all it took was a couple of overwrites and initials on both our parts. My solicitor was on the ball and picked it up.

Let them sort out what’s needed and then contact…[Read more]

Telephony is not considered an essential service, so LL and builders do not have to provide it.

And, how much should the Property Manager take care of this?

I don’t understand this question – how much?

While the official cash rate may be pushed down, the market rates that you can actually source funding and lend at could be much different. Hence why ANZ actively marketed that they ‘decoupled’ their rate decisions from the RBA a while back.

If the economic climate got worse, jobs started being lost and mortgages defaulted then the relative risk…[Read more]

Wouldn’t that just be a loan co-applicant? You don’t have their name on the title so they don’t own the property but they are responsible for the loan as well (as a guarantor).

The only way to get off the loan though would be for you to refinance after you are sufficient to hold the loan by yourself.

The other alternative is of course they get…[Read more]

Cairnlea is one of those suburbs that benefited by what I would call the migrant shift from St Albans and Sunshine along with the northern suburbs of Sydenham etc. Basically the migrants from the late 70s, 80s and early 90s that became successful and wanted nicer homes moved out to these new estates.

At 580k (assuming 2 storey, 4×2) it’s only…[Read more]

I currently live in an exdisplay home, and from an IP perspective they don’t make great investments.

1. They are often located in areas like new estates with very high stock availability, both in rental and owner occupier. Desirability is so-so while awash with plenty of new and cheaper stock coming online for a while to come.

2. They are…[Read more]

Hello from Melbourne Australia, PPOR: 300k bought for 90k 20 years ago.1st: 400k bought for 70k 15 years ago, 250pw rental2nd: 400k bought for 135k 10 years ago, 280pw rental3th: 620k bought 4 weeks ago, will be settled in 1 month; 1085pw rental until oct next year when it will be come PPOR4th: 275 bought 2 days ago, will be settled in 2 months;…[Read more]