I do. I’m about to kill off my Citibank card though – $10500 as a limit is probably not helping my loan apps.

I’ve been told there is a way to use a Citibank Credit Card to actually pay your interest on your IPs – I don’t think they even have to be Citibank loans – and therefore more and more rewards. Not bad hey?

Pity I didn’t remember how the guy was doing it.[8]

Cheers
Mel

MJK, I’m actually a Canberran.

We don’t have to worry here – although we must inform the ACT Revenue Office if we are renting out the property. Then they issue us a bill almost immediately. They issue them quarterly (so kind of them), or you can pay it upfront at the ‘beginning’ of the year for that suburb (ie it’s a different month for different areas), or as luckyone said, you can pay an amount fortnightly.

Being on different months is really great (not). It means that I get a bill for rates and land tax just about every month!!

Cheers
Mel

Oh SIS, comps over – I won. Let’s move on [][][][]

You often make better responses than me – our knowledge bases are very different, so it’s good that in some cases you know better, and in others I do – that’s how we can make that team work. Remember, you Steve, I Dave.

Cheers
Mel

007, and what sort of discount do you sell to them for? Or is there no discount, they just get a commission?

Cheers
Mel

No offence, Kay, but if that is your real name I would be really upset (if i were you, or you were me, or whatever it is I mean[]) cos of what Henry Kaye has been up to lately.[8]

Cheers
Mel

Good pickup Matt, I was about to suggest that you guys could still organise one. There appears to be interest there.

Cheers
Mel

Pisces, I reckon there would have to be some serious deflation before incomes were actually lowered. Especially for public servants, of which I am currently still one.

Also, as I said, I don’t expect the rates to be that low for a considerable period, by which time my properties will be well and truly +ve, so it wouldn’t matter if they did drop by some amount.

Cheers
Mel

Chan I think that’s why Kay chose the name for this forum.

I must admit when I first saw it I thought of Henry Kaye.

Cheers
Mel

Chan$, why don’t you see if the tenant wants to buy it? Will save on advertising costs etc.

Cheers
Mel

Yep, Pisces, I reckon I still would. Cos I don’t see that happening in the ‘near’ future, and so I reckon I’d get in a few good years where my 7% was lower than the standard, and so by the time the rates did get low (and I just can’t see it happening here – but doesn’t ‘everybody’ say that[:p]) I would have a smaller loan, and more income either job wise (PPOR) or rent (IP) or both.

Cheers
Mel