i have just purchased my first ip with no deposit. i was told that i needed a dep bond certificate, which was fine, the bank organises this.
but when i went in yesterday to sign for the certificate i found out that it cost me $200.00 for this. I could of paid a lesser dep than 10 % and paid a smaller fee. this was never explained until i had no…[Read more]

i have just purchased my first ip with no deposit. i was told that i needed a dep bond certificate, which was fine, the bank organises this.
but when i went in yesterday to sign for the certificate i found out that it cost me $200.00 for this. I could of paid a lesser dep than 10 % and paid a smaller fee. this was never explained until i had no…[Read more]

thankyou everyone for replying to my questions
ill try to answer all of them..
im investing in ballarat.
i have enough equity in my own home to borrow the lot plus more for renovating
my reasons are for mainly growth so that i can buy another ip next year and continue on. so mainly to put a bit of money into the property to hopefully get enough…[Read more]