Hi allVery informative info about the FHOG. Just another variable to throw into the equation which has me confused about my eligibility – i went halves in a property in 2002 and received the grant with the intention to move in within the 1st 12 months. Sure enough, circumstances changed and we broke the rules by never moving in and were rightly…[Read more]

Thanks for the advice Richard, although doing the sums might have to wait as my income start to improve as serviceability would be an issue to do bothA couple of questions for anyone out there;1) After June 30 2009, is it to be assumed that FHOG will revert back to $7K.2) i Can see with some of the initial hype that prices may steady and/or rise…[Read more]

I was close to buying in Moranbah 6 months ago but being very new to the investing game and never had bought in a mining town, i was sceptical about buying in such a rural area.

Seeing those sort of price rises in 12 months hurts a bit for not biting the bullet.

Can anyone with experience investing in mining towns or those against it share,…[Read more]

I have seen the term buyers agents a few times on this forum. What exactly to do they do and at what cost ? From what i have gathered so far it sounds like something i would like to explore. Where does one go to find a buyers agent ?

Hi Richard
I thought that might have been the answer i wasnt looking for. I actually just got off the phone to my lender ING. I am currently on the Home Loan Saver (7.54%) product which they no longer offer.

He did offer though to switch me to their Mortgage Simplifier product at a slightly lower 7.4% with no fees and charges. When i told him…[Read more]

Thanks for your help Simon.
From memory the fine was $1400 plus the $7K to pay back. We did write a letter explaining our circumstances (the friend who i bought with was going to occupy the property until his circumstances changed with a relationship / birth of his child).

The ‘punt’ we took was naively listening to someone who said there were…[Read more]