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agree with last comment
I am a melbournite who has lived in Darwin for the past 18 months. what a great spot to live – lifestyle, much lower density living, beautiful beaches, sunsets, weekends, traffic doesnt exist.
coming back to melbourne briefly in jan and currently scrolling the internet for houses/units to buy. The amount of crap out there for over half a million dollars is laughable. Given a “buyers market” awaits I will be offering considerably less on many more properties to help pull the markets head in.
I might be killing time but the boxes on offer are rediculously priced!!
travel people – the eastern seaboard is not the ants pants that everyone thinks it isrobert
can you please eloborate on what you mean by gearing up properly
cheers
ben
my heart says that the more equity you own the safer your investment – i guess that is broad statement
benthanks steve
I ve since read that the trust not being a legal entity, is correct. I actually as part of anegaotiaion with the vendor rescinded the contract and repurchased after the establishment of the trust – to everyones agreement including the bank.
look farward to meeting you at an 05 seminar which i am soon to book.
Im living in darwin at present – any experience in this region??
benthank you all for the response
the concept of interest only seemed like a set up for disaster but it shows that we develop fears out of lack of information.
I still dont know which way I will go for the next property but will keep investment only a real possibility – once Im more literate in the area of course.
My short term goal is to purchase another property once my first property is completely up and running -settled, tenanted,
For the moment I will be keeping about %20 of cash in the offset account to reduce my interest repayments and help increase the equity of my investment. defensive? maybe but just a beginner
