So your saying guysI should loan 210k keep 10k for stamp duty and fees and put my other 10k in an offset account therefor reducing my loan amount to 200k anyway. Wouldnt I be paying the same amount of interest as if I had of loan 200k and used 10k as a deposit to purchase a property worth 210k. Since the loan amount will be 200k either way I go.…[Read more]

Richard thanks for your reply on the tax side of things.Im thinking I wont claim the FHOG as it would be to hard to live there for 6 months.Can you shed some light on why I would go down the track of a 95% lvr for my loan instead of using my whole 20k as the deposit.I did the calculations above being 393 negatively geared a month using your method…[Read more]

Thanks for your reply guys.Richard I have a few questions for youIn taking a lvr of 95%  instead of using the whole 20k as a deposit, since im loaning a larger amount  the monthly payments will become higher and I would also have to pay mortgage insurance.Is it correct that I could only claim 30 c in the dollar for the LMI?Im looking at a pur…[Read more]

Cheers guysAfter alot of research into serviced apartments and the associated fees and low capital growth due to restricting myself to only being able to sell to investors  Im staying away from the serviced apartment in carlton.I can get myself a 3bdr home in melton for 200plus close to the main shops and public transport. There are also alot of…[Read more]

I did have a look over that thread. Its more relevant to a  owner occupier situation.Im looking at this as an investment property. 

dwolfeIm not to concerned about positive income. Being negative by 30 dollars or so doesnt bother me.I am after capital gain to then use that gained equity to leverage myself another property in 12 months time. I dont see why the carlton apartment couldnt give me that gain. I think the area is perfect for it. close to shops , uni, cafes ,…[Read more]

Thanks a lot for your reply guys.I am trying to gain as much knowledge in this area as I can. Ask as many questions as I can and take it all in.Now with my carlton 1br apartment  it is a quest serviced apartment. Quest operating it as a 4 star hotel.I am looking between 190 to 210k with  a rental return of around $1293per month.Is the whole q…[Read more]

JacMMy purchase price would be 190k with an interest only loan. The rental return is $1038 a month. I am out of pocket around $50.DWOLFEI also now think its best for me to not sell my 4 properties but to use the equity in them to secure my PPOR instead of selling them and using the profit as a deposit. I figure its better to keep the properties…[Read more]

DWOLFEI didnt ask the financial planner if he owned investment property himself.In regards to the supply. In 4 years time I believe there will be even more houses there as there is alot of land out there and the council has already stated another 3000 plus hectares will be used for residential purposes."You have a company, you lease your PPOR off…[Read more]

I will be trying to gain equity so I can buy another property in 12 months time. I am hoping to have 4 propertys in 4 years. After 4 to 6 years I intend to sell them all or the majority in order to use the capital gain for a large deposit on my own first home.I spoke to a financial planner today to get his opinion.He basically said it all comes d…[Read more]

Thanks guys. Either way i can loan 110% of the purchase price through the broker. Will be using my parents house as security. The carlton unit returns 1038 a month. Is around 30 square metres i think. Purchase price of 190k. The melton house would be a 3 bedroom returning 1070 a month. Purchase price of about 230k. I intend to rent it out for the…[Read more]

anyone?