As Jamie M said its up to youWe currently have our mortgage set up (PPOR) with a 100% offset interest only set up. We put all our funds into the offset and then build it up so we can avoid Mortgage insurance eg 20% deposit plus funds to cover purchasing/renovation costs. Then we take it out- usually just write a cheque and then purchase an…[Read more]

I'm not surprised by the results. However I wonder whether yesterdays interest rate cut will increase these figures for November period. I live in a new home development by lend lease- and have not seen any change in the demand for new homes in our area. If anything I think they are selling steadily at the same pace since opening the development…[Read more]

mine doesn't automatically sign me in…… so I only sign in when I post.

Wonderful job looks great

Ours were great at getting a tenant, it was never vacant, rental return was best in the suburb for the house type, good price and the rent was always on time (as they made their clients use an electronic direct debt system).BUT……..poor inspections…….. where issues are under reported. Eg noted at the 3 month inspection there was some paint…[Read more]

You've raised an important question "How do you get your money for the next deposit if its not going up in value?" eg the majority of positively geared properties. For me I like the idea of buying something undervalued, rent below market rent, that needs a quick reno that will boost the value/ and rent, and hold onto it, getting it revalued at the…[Read more]

We are waiting for the right property, with the right price……. and we're being fussy. Hoping to get back in by early next year

6.86% First Macinterest only with fully transactional 100% offset account

It normal to be unsure of things, especially when your first starting out. What level of risk are you willing to take on?What can you afford?Do you have DIY skills to tackle a small renovation?These are good questions to ask yourself. Each person in property will tell you a different story on how they made their money, and each one swears by…[Read more]

Spring is "typically" a good time to sell as there are "usually" more buyers. What area of Adelaide is the house? If you have based your house price estimate from prices advertised in the area (eg on realestate.com) please note that currently I am observing up to 10% difference (less) of price between advertsed and sold. Prices are regularly now s…[Read more]

Anyone else think it was generous of channel 10 rounding the prize to $100,000? I just thought why bother…….I wonder what the other 5 contestants who went to auction really thought of the process. The show was so flawed, eg 24 becomes 6 who take their houses to auction, but only one keeps the so called profits……… I'm assuming the…[Read more]

I wasn't surprised myself that half of them didn't make any profit (although as you have mentioned above their definition of a profit is not accurate) – also didn;t count the cost of the swimming pool (as it was a prize). I picked this one to win from the start mainly due to the fact that it was entry level housing price (eg more buyers, despite…[Read more]