it gets me about 500 a week…but if i put in furniture it might get me about 650 but i have to spend about 10-15k to do that. besides, overall, the strata is seriously killing the entire investment. i pay about 1300 per quarter…this is not gonna go down to be frank.

i think what you have to look at is if you buy now, how much would it go up…would  it sell well and how much rent could you get for it. why buy 2 things and be stuck with 2 mortgages..i dont understand that concept bec when you buy a place for yourself, then rent the 2nd property you are paying 2 mortgages and if one investment is not that…[Read more]

ok…ill speak to a few agents. it seems the best way to go.

hi. thanks for that advice. Im actually living at home, its leased but i just am losing alot of money yearly paying off its balance and with the interest rates set to change again, ill be paying more and more and the strata fees are scary. can i ask you what a conveyancer does? do they help you set the price. I was told yest by a real estate agent…[Read more]

Hi linda…you know im no expert in property investment and home buying as i made a massive mistake buying a place in the city. But recently ive become more savvy in my investment decisions as i paid a massive price. Near my house there are some gorgeous new houses being built which will be sold in 13 different stages in the future. The land was…[Read more]

im totally with you on this strata business…its wasted money….thanks for your advice. its fantastic.

yes hence spending 1.2 million on a property which you bought 29 years ago for 533 would sound almost insane as youd never get that price for it most likely…unless for some strange reason australian is so populated that there are no properties left and ou can sell at even a higher prices but i cant see anyone desperate to live in the middle of…[Read more]

hi quickchick, do you think this property would be worth 2 million one day? dont forget it will be 29 years old (if im still alive that is….) and would anyone in their right mind pay 2 million for a one bedder? can you imagine the strata by then? its scary. i think i have this emotional connection with the property cause its gorgeous and im in…[Read more]

im seeing a financial advisor on friday…but it seems that its heading that way…selling is the best thing to do at the moment. thanks for your advice…as for the teaching salary…i have to move to a remote area of aust, apparently they pay 6 figure salaries there.

Dear V8ghia, thanks a million for all this advice. What im considering to be frank is, is it worth to keep a property youve bought for 553 almost and then keep it till you pay it off (on a teacher's salary) which should take exactly its loan life of 29 years, then once you are done with it, realise youve spent almost 1.2 million on it and its…[Read more]

Hi Marx I got a loan for 480000 dollars which would be paid off in 29 years. Im not sure what type of a loan this is but i will call nab tomorrow and find out and post another note for you. thank you for helping me.

Ktastrphe hi again…thank you for replying. I should be able to cover the mortgage if i sell about 560-580. Im still unsure of what is a an uncollateral loan.

Hi Terry. Thanks for your comment also. This year with the new variable ill be saving about 9600 dollars. But as soon as the interest rate changes, ill be back to paying even more than what my rate was fixed on before and with the interest rates on the rise, i dont think its going to look good in the future even if the price goes up slightly, i…[Read more]

Hi Ktastrphe…Thanks for your comments here. Im not sure what is the meaning of uncollateraised loan. Do i need to ask the bank what that means? As for the market i think the prices are gonna go up and with my new variable rate, i would be paying less per month than what i used to before, however, thats only until the interest rates go up again…[Read more]