Del,

When you say “building up our properties” do you mean baying a land and developing or you only buy establish once?

We have that a bit subdivision but I found it very slow process and nerve breaking one as well so I am looking in other ways to invest.

Cheers

I do have a few concerns about going out and looking for properties.
1) It is all great but I suspect in these areas the chance the properties to be vacant are greater then in the cities. What do you do if that happens?
2) It seems to me it is a bit catch 22. If you want to get loan to start you have to have income (steady one) so the bank will lend the money.
In our situation my husband and I are already in the higher bracket for taxes so every positive cash flow we get will be half taxed not much profit will be left for us.
Is there are other of you that are in the same boat, facing the same dilemma?
Do you think we should think in this case for negative gearing or may be I should stop working?[]

Cheers

Yes, actually I did get Break Free Package.
The way it works is the current variable interest rate is %5.67 so if you borrow between 150 000 and 250000 the bonus is 0.5 of the variable rate and more then 250.000 is %0.6 of that percentage.
Yes, I can set up a 5 more sub loans with out any yearly or establishment fees.
You also pick up free consultation with financial adviser no ongoing fees for any accounts you might have with ANZ, check account.
In that Break Free Package is included 2 credit cards with reward program for Qantas Frequent Fly Program, we are happy about that we travel a lot overseas (we should have pick that a long time ago)
Having these cards on their own cost $150 in annual fee.

So we are shifting all our account with ANZ.
With CBA the bonus is %0.5 on 250000+

Chandara, do you have any restrictions on your loan?
We were not looking for fix rate loan we wanted to have as much as possible flexibility.

Tess
Cheers