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Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of oceansoceans
    Participant
    @oceans
    Join Date: 2006
    Post Count: 10
    April 12, 2013 - 11:23 pm

    Hi,

    i worked in the emergency services in this area for a few years (parramatta, guildford, Granville, etc). Wherever you decide, I would suggest dropping in to the local police or fire station and asking about the place. My experience is that from street to street it can be very different. Merrylands was always a little quieter and most of the car fires in the middle of the night were in Granville. 

    Hope I havnt confused you mate, good luck

    Profile photo of oceansoceans
    Participant
    @oceans
    Join Date: 2006
    Post Count: 10
    February 4, 2012 - 2:45 am

    I would like to work out both. I will start with an interest only loan but I would like to know how much rent would need to charged to eventually cover the principal aswell.

    Profile photo of oceansoceans
    Participant
    @oceans
    Join Date: 2006
    Post Count: 10
    January 30, 2012 - 11:20 pm

    Thanks for the tip engelo !
    I was looking in Sydney’s west for a unit or just outside sydney for a house (hunter valley or wollongong way)

    with the strategy on finance…is the idea of the 100% offset account that instead of paying into the house and getting equity, you pay into the offset which lowers your interest and you have easy access to the money to buy again or do reno’s? I think i’m getting it. Sorry again for my ignorance…ive searched for basic information in the forum but alot is still over my head.
    Thanks again

    Profile photo of oceansoceans
    Participant
    @oceans
    Join Date: 2006
    Post Count: 10
    January 30, 2012 - 8:48 am

    Hi, thanks for the input. Salaries in the Emergency services are only about $70,000 a year which makes it a bit hard to have substantial savings….(sydney’s expensive to live in).
    Regarding the interest only loan, how would i build equity in the house or make money if the house isn’t getting paid off ? Is it just relying on capital gain ? I like the idea of less money going out of my pocket each week, im a bit confused on the strategy ?
    Just one more thing…does anyone have ideas on areas to look in ?

    Profile photo of oceansoceans
    Participant
    @oceans
    Join Date: 2006
    Post Count: 10
    January 30, 2012 - 2:19 am

    Thank you for the quick response. I don’t have a big deposit (about $10,000) which is why I would only be getting a cheap property. I think I would be a safe person for a lender as I work in emergency services and have good job security. The down side of that though is salaries in that role are low. I love my job but I’m ready to start making more money. I am open to any ideas and appreciate the info already proveded

Viewing 5 posts - 1 through 5 (of 5 total)