Thanks JacM I wasn’t aware something like that was even possible! Haha. That’s why I love this place, the continuing education. Same to you Don, your input is greatly appreciated also :)

You guys wouldn’t happen to have any thoughts about the North Lakes area in QLD?

Knox.

Hi JacM, thanks for the reply!

I was advised at the time that it’d be better to out 20% down so it would look better to the banks and for serviceability. I was originally wanting to put a 10% down so as to free up more cash for further purchases. Would I have some sort of instant equity from putting a deposit of that size (77k) down together…[Read more]

Thanks Jamie!

Benny and PHP,

Thanks a tonne for the help and info guys, gradually making more sense haha! Legends!

Knox.

Also this might go hand in hand with another question- Does anyone know of a reputable Mortgage Broker in the Adelaide region?

Thanks,

Knox.

Wow Benny! That was pretty good! Haha. Thanks very much for the link to that, although I may need to read over it a few more times to understand it all a bit better :) AND thank you also PHP for getting back to me! The idea of IO+100% offset makes (a bit) more sense to me now.

Am I right in saying that using this method I’m basically freeing up…[Read more]

Well that link to offset accounts led me to read more about them (which has been something I’ve been meaning to learn about). Sounds like a great idea! mmm yeah I think the area is predominantly 3 bedders too and there is no room for extensions to the building as it is adjoined to the one next door. The biggest thing i think it has going for it,…[Read more]