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PeterCav
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@petercav
Join Date: 2005
Post Count: 9
May 25, 2005 - 2:39 am
Hmmm, I’ve thought of shares, but know nothing about them and isn’t there a lot greater risk?
PeterCav
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@petercav
Join Date: 2005
Post Count: 9
May 25, 2005 - 1:31 am
Thanx Luci, that was excellent advice.
PeterCav
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@petercav
Join Date: 2005
Post Count: 9
May 25, 2005 - 1:07 am
Ok, I’m offically confused.
1. I know i’ve missed the property boom, so thanx for reminding me.
2. I am on a low income and don’t have masses amounts of money to pour into funds of any kind.
3. That’s why an investment property sounds good because the rentor helps pay it off.
4. There is no other way I can see of owning our own home unless I have equity in an investment property long term.
PeterCav
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@petercav
Join Date: 2005
Post Count: 9
May 24, 2005 - 11:01 pm
Originally posted by Qlds007:
As the debt reduces use the built up equity in the property to purchase again or by using an offset account utilse the acrued funds as a deposit for your own property.
Thanx Richard, This is what it’s all about for us. The property boom in Brisbane blew our chances of getting in a home (as well as the change of career only to find the shocking wage I’m on for a guy working in IT!). Getting equity in a cheaper home is I think the only way to our dream of owning our own home. For a guy who is 40, two kids and a wife working part time for aussie post owning a cheap investment property is our only way in.
PeterCav
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@petercav
Join Date: 2005
Post Count: 9
May 24, 2005 - 4:45 am
I realise this, but also know that it’s a good way to achieve property without outlaying a lot of money. I know I won’t be making a lot of money but would you say that it would be a stable investment?