Hey guys,

I checked a few times with Westpac and from what they have said it is a 100% offset account. So when I open my internet banking it is as follows:

– Westpac Choice (I have been assured this is a 100% offset account and after doing the calculations it does seem that the funds in this account do offset the interest, otherwise my interest…[Read more]

Hi Richard,

I do have a redraw facility with my Flex First loan, although it also has a 100% offset account as well (where all my money is currently). My plan was to study full time for 1 year and hopefully graduate at the end of 2011. At that point I should have around 40-50k in my offset account ready to go. If I can I would like to buy another…[Read more]

Hi guys,

again thanks for the responses. I don’t really need the 40k in the offset for anything like holidays because I don’t really take them. It’s pretty strange/convenient because the apartment I bought is about 60 metres from where my parents house is. This means because I can stay in my apartment but have very few costs with my parents…[Read more]

Hi Richard,

thank you for your response. I think I phrased my first post a little incorrectly. I have an overall oustanding loan of about 180k and have close to 40k in my offset account. My loan is interest only as suggested by many posts on this forum. Also, my loan is with westpac where my repayments are about $900 a month (but I’m putting…[Read more]

Thanks for your reply Scott.

I don’t think the leak is coming from the HWS itself, its just that my dad tried to connect it himself but wasn’t 100% sure on how to do it. I will try to contact Aw Edwards

Thanks for the feedback guys, I've decided that I'll just take on the repairs myself. And the idea of the exhaust fan is something I haven't thought of. I've got a lot of learning to do and looks like I'll be going to Bunnings warehouse.

Thanks for the quick response Richard. I will keep those things in mind. Basically it sounds like the only issue may be a little less value if I resell compared to units in the middle and bottom floors.

Hi Kim,I'm also looking at a similar type of apartment in the Blacktown area. I was going to start a new thread but the information here answered pretty much everything. All the best with your investment!Just out of curiousity, how much more expensive is it to have an apartment with a 1) pool 2) elevator?And how much more in costs can I expect to…[Read more]

Good news!Thank you for the feedback again guys. Especially Richard taking the time out to reply to my numerous emails. The broker I saw today suggested that I try with CBA and Westpac. In the end things looked better on the Westpac deal. The rate seems good with ongoing costs being $5 a month to maintain the secondary account (the one where the…[Read more]

What sort of information would be required? sorry if I'm asking too many questions at once. If its easier I can email you?If its helps I've been at the same place of employment (pharmacy assistant) in the same store for the past 3 years. And I have some decent savings records on hand too (basically all my pay goes into savings, I make money from…[Read more]

Thank you for the quick response. This only full time work condition is killing me at the moment… are there any other options? I keep running into these hurdles but I'm staying optimistic.