I really agree with StumpCam.  Make those extra dollars count and pay off that principle.  I've popped back onto the forums to test the general sentiment about property investment (and seems quite positive) to see if I should get another property, rip down the current one and build house/duplex/units or go into shares.  I wanted to know if the pe…[Read more]

If the offset comes with no monthly fees, I'd be going for it.  If you make extra repayments and then turn the property into an investment, you will be unable to get the extra payments out of the property without experiencing the wrath of the ATO.  While it is an investment, you want the interest payments to be as high as possible (for a given l…[Read more]

marg4109 is the most correct here.  Just one minor alteration, instead of 365 days per year, use 365.25.  Account for that leap year.  The banks don't miss this trick, neither should you.

I just got the floor here polished about 4 weeks ago.  I paid $25 per square metre.  There was a horrible glue that needed major sanding to remove.  All sanded, and three coats of a low gloss mono for $1700.Also, factor in the cost of staying in a hotel or elsewhere.  You cannot stay in the place for about 3 days.

Keep looking around. My partner and I just purchased 299K at macgregor – 3bed house, very liveable (first investment). We were actively looking for around 8mths – saw a lot of houses, units, land, etc. Prior to this time and during we had cash invested (as well as reinvesting) in management funds … earning about 20% plus capital growth -…[Read more]