Ash88 wrote:
But what I want to do is buy a small unit a 2bdr around 250k, with 100k deposit and take 30 year loan , and leave the remaining in a offset account and use it later as I want to buy land in the new estate that will be released in 2014 in Maribyrnong and build my PPOR there and put the first property on rent .

Hi Ash88,In regards…[Read more]

Thanks for the replies guys. Still seems to be a mixed response though which is what I keep getting. I was hoping a lawyer or someone that has qualified for it or at least tried may be able to shed some light on it.Cheers,Nathan

redcake wrote:
Hello, I am just starting out on my investment journey and have signed up for Steve's training package (course). It's been said to prepare for the worst and hope for the best, so I am wondering if anyone can tell me what is likely to happen to interest rates if there was a depression? will they go up, or will they come…[Read more]

Thanks heaps for that Josh! Has definitely answered a few of the questions I had about the area.

Add another one to your bandwagon of followers! Very interested in your opinion of Gladstone after your time on the ground.

I would personally recommend Jamie M who has commented on your post. He is based in canberra but with the internet and faxes it doesn't really matter where you live. He has helped me out quite a bit and I am in Queensland. Check out his website in his signature.Good luck with it all,Cheers,Nathan

Well I will be steering well away from these guys then. Thanks for the heads up.Nathan

"Someone is sitting in the shade today because someone planted a tree a long time ago"   Warren Buffet

I don't have an Iphone (yet) but love this idea! All the more reason to get one!

harryandlloyd wrote:
 After paying PPOR mortgage + personal loan

Hi Kate,If you have a PPOR mortgage and a personal loan I would be putting any extra money that you have (assuming you go IO on your IP) and paying down that debt first as these are not tax deductible unlike your IP.I could be wrong but I dont see the point in reducing debt that…[Read more]

enlightened1990 wrote:
Couple of questions:How much per month did you save?How long did you save for?How much was your first property?How much was the deposit for your first property?Thanks for the advice so far guys

1. What I saved per month varied but I think I aimed for about 40 to 50% of my paycheck. I was still a teennager living at home…[Read more]

Hi Corey,Even on only 40k you can make a start builing a deposit and at least getting the investor mindset and learning to spend less then you make. Start learning to pay yourself first and dont be tempted to touch the money! Also is it possible that you could chase more money?I was on under 40k a few years ago but kept saving as much as I could…[Read more]

Doesn't look like many QLDer's on this thread but I think Townsville, QLD is promising and you can get decent houses under $500 000. It has plenty of different Industries and was announced QLD's second Capital city with the aim to reduce the overcrowding on the South East Coast.

Mount Isa, QLD

As Warren Buffet once said; "Be fearful when others are greedy, and greedy when others are fearful."He was talking about the stock market but I think it applies to most investment options…

Hi wnorman,Yes normally mining towns are more risky hence the higher yeild. If you search through previous threads on here you will surely find plenty of information regarding mining towns.Nathan

Hi Tylon020My understanding of  the following is:

tylon020 wrote:
1. If I have funds sitting in an offset account – does this reduce my tax deduction??

Yes this will reduce your tax deduction as you said you have a P&I loan. So any money in your offset account is effectively money paid off your loan. Hence reducing the Principal amount which i…[Read more]

Jamie M wrote:
Terri Scheer are good (but won't insure if you self manage). I think they also require annual fees paid upfront (not in installments).

Yes both true… May not suit some people.Nathan

Yeah I couldn't believe this sort of information is just open to the public. Definitely will be using it in the future!

Hi Lefty,I use Terri Scheer and have found them to be good and quite cheap I reckon. Their only product is Landlord insurance as far as I know so this is their only interest. I am happy with them anyway.Nathan