Hi Saybalebay. I’m new here and am unable to give you any advice at this stage, but just thought it’d be good to know if you’re planning on only living off this money, or are you planning to get another job somewhere? I’m assuming your compensation will pay for you to be trained up to a high level (Cert III – I know, ridiculous) in something…[Read more]

Thanks Jamie. I’m assuming it’s good to have a high valuation then, to reduce the amount of capital gains. Will any real estate agent do this?

PS – I rang the council today to find out the age of the house for the depreciation schedule and they want to charge me $45… is there anywhere else I can find out when the house was built? It’s not in…[Read more]

Thanks Tylon. I don’t have access to Sky but am still impressed by the books and articles she’s written.
I had a Residex report sent out to me this morning for the property I own and it has ‘valued’ the house higher than expected. Not hugely, but enough that I might even be able to buy my next house this year. What I’ll do today is chat to the…[Read more]

Lol, indeed Angel. I’ve got a year to save for it, but I’ll probably end up doing it without one of the expensive companies. I think there’s enough information in this forum to last a year, and I’ll re-read all my investment books.

I’m not in any hurry anyway. I’m 35 and I love my job, which also pays a reasonable wage so I want to be earning…[Read more]

Oh funny. I was searching this forum for Destiny stuff and saw that I signed up here 4 years ago also interested in the same topic!
Procrastination much!!

Actually, although I say I’ve procrastinated, I did attend the Highett branch and was impressed, however lost my first deposit in some shonky scam unrelated to property so had to leave it for…[Read more]

Hey, guys.  Thanks for responding.  I did read the replies as they were posted, but have been too busy to reply myself.After using a mortgage repayments calculator on re.com.au, I realised how small the difference between an IO loan and PI loan repayments.  Hmm…lots of interest to be paid!Thanks for clearing up the loan structure thing…some pe…[Read more]

I think you should divorce your wife, and marry the accountant, who obviously still has to work.sdem

I am not an investor at this stage, but wanted to give my opinion…not advice I live very close to you, and have thought about this very issue for years now.  My very unhelpful thought is…can you afford to buy?I cannot afford to buy in the area in which I am renting (South Melbourne).  At this stage in my life, I don't want to move too far a…[Read more]

Hi – I'm confused about why cross collateralising is bad.  Can someone please explain it for me?Thankssdem

Fantastic.  Thanks for that Marc.  I am in Melbourne too, although I've made an appointment in Highett as the guy in Fitzroy didn't respond to my request for an appointment.I'm really glad they've been helpful for you, and thanks for the breakdown of what they do….that's more than they've told me on their website.May I ask how you've done with t…[Read more]

Hi, Beulah.  I actually meant to go in and have them set up a property investment plan over a few years for me.  I'm assuming it'll be really quite expensive.  However, I don't think the average financial planner would be right for me, because I'm not particularly interested in shares.