Hi Jamie,What other information would you like? Also your opinion on weather we keep our current home and buy a modest 4 bedroom house(around 400-500k). Or Sell our home and move into a bigger and better place (around 660K) your opinion would be valued.CheersMick

Thanks Jamie,

At the moment we have great serviceability, as two incomes (170k+) and a 310K loan. It’s what’s going to happen in 7 months when we go back onto one wage….

I was thinking I may be stuck with ANZ (worse things could happen) as I have locked in 150k with two years to run on it the break costs would be huge….

Thanks for the reply guys,

Servicing the loan will be tough but not impossible for the first year, then two wages and back into the swing….

I will be doing something in the next few months either buying a 4 bedroom house and keeping the current 3 bedroom home as IP, or selling the 3 bedroom home and upgrading the family Home.

Also locked into…[Read more]

Thanks Terry,At this stage we could do the finance in either name and then split the profit/tax at the end of the deal

Again thanks the the replys guys!The property development by the wife's folks is literally the first time they will be doing it…. But they have the advantage of both working within the building/property area, so without trying to sound like a 'user' their risk will be my gain, and if is does not come about then I will move on to another area…[Read more]

Thanks for the replys guys!To answer your questions-We are both 30 years old, kids are 3 and 1 Job stabilty is very good, I am in an industry with skills shortage and my wife is a teacher (recession proof).Retirement?? I'm only 30 lol!! Still got a good 5-10 years before this investment property adventure sets me up lol!!! Realalistically love to…[Read more]

Thanks for the replies so far guys, this will be number two so the 'adjustment' of having kids is part way there. With the median price going up 30% in the past year, do you think holding off will be OK. We are just worried that we will not be able to get a house anywhere (outside of outer suburbs) for less then 450 in 6-12 months time. Even…[Read more]