The figures are correct.
Standard short font driveway

Derek,

You have it in one, its the $2600 per annum that i would much rather be paying my mortgage etc.

Didn't sound right to me either!

Thanks Terry,

XDrew, Body corp doesn't scare me, it was an added cost that didn't fit within my property profile! Of course i will insure my investment. I would rather the additional monies being in my offset saving me money.
The body corp agreement is not a written one but rather an informal verbal agreement between the previous owners of the 2…[Read more]

Thanks Jac,

$22 is a lot cheaper than Tica anyway!

Veda own the site and they are one of the main credit reporting agencies so should be credible.

Are there any private managers on the forums subscribe to Tica or other similar reporting agency's?

I would appreciate any opinions both positive and negative.
Thanks Mick

I like Jamies spreadsheet better!

Thanks Jamie

Here are a couple more!

http://mybank.com.au/negative.asp
http://www.smartline.com.au/mortgage-calculators/investment-property-cashflow.html
http://www.yourinvestmentpropertymag.com.au/calculators/negative-gearing/

Another historical reference is Dai Gun San (Big Gold Mountain) in reference to the Chinese gold miners, 

Bendigo is a major producer of Eucalyptus oil:
2 species used are
"Bluegum Rise"       blue mallee gums (Eucalyptus polybractea),
"Peppermint Gum Rise"        narrow leafed peppermint gum (Eucalyptus radiata var. Australiana)

I like combining scuba diving and travel…..have a few os trips under my belt and hoping to purchase ip's at good dive sites around the country.

The property management fees are also very high…….18% from memory!

Hi Scott,

Yeah I have, but we wont go into that!

No extra rooms being created and the tenants seem to be getting on so it may be a win win.

What about Mortgage insurance on the initial purchase…….aprox 30k
Looks like a tight deal.

Mick

Thanks Derek and Richard for your advice!

I heeded your advice and am thankfull that I did.

Mick

Thanks jvalender,

Some good questions there! Some that I wouldn't have thought of asking.

Mick

Thanks DWolfe,

I have taken your advice and contacted 3 PM;s whilst their pricing is very similar their levels of enthusiasm varied greatly…..I will put it down to being Friday afternoon.

Lets see what happens next week.

Mick

I unfortunately had not been saved and waisted a few hours and a few hundred dollars attending Park Trent seminars and sales pitches! But luckily i didn't invest any of my hard earned dollars with them