Much appreciated Terry, I’ll follow on that. I would have gone ahead & fixed my bathroom ceiling just to get a tenant in but no point until the above unit is repaired.

Hi Terry, Am i right assuming the structural component falls under the strata? I then take out landlord insurance which covers the contents. Otherwise who is responsible to take care of the repairs? Falls with the unit above who has caused the damage?

Will keep you posted how the finance side of things goes, but first must apologize, I was meant to write Jamie not Jaime. I’m used to writing that as it’s one of my boss’s names.

Thanks again Richard & Jaime! Your helping myself & as we can see many others along the way.
Basically I just needed to clarify that I could get my hands on the 20k equity prior to settlement, i.e. upfront deposit & initial costs as you mentioned so I would essentially not require the full amount of costs from my current funds as some funds are…[Read more]

I’ve only just started researching the Brisbane market so I’m sure other locals can confirm but 1500 body corp per quarter sounds very high, 6000 per year would definitely dent cash flow i would imagine!

Hey Freckle, as an Aussie expat living in Hong Kong I'm always very interested reading your posts regarding what looks to be not "If" but "when" the financial markets collapse. I'm very curious to know what you believe will happen to the Aussie dollar as a result, currently I have saved 20% deposit in HK dollars & of which I'd have to exchange…[Read more]

Wstpac have just increased their 3 year fixed by 0.2%.. but the 2 year remains unchanged. Hmm so now the options if i fix are 4.89% for the 2 year vs the new rate of 5.19% for the 3 year. I'm assuming the 2 year with a split of 80/20 is the way to go??? which gives me the option of topping up if equity becomes available for a future…[Read more]

There is a sniff in the air one of the major banks are increasing their fixed rates this week, which is what i meant by jumping on or beating them to it & fixing before they increased. I'm using the assumption that as you say they know something we don't … but knowing my luck though is the U.S will crash next year & rates will continue to…

Thanks guys, with further research I'm deciding on a 80% Fixed / 20% Variable which should allow me the option of topping up the loan should re-valuations come back with sufficient equity for a further purchase in future. The properties are sitting neutral to positive CF now so fixing will give me the piece of mind that they will take care of…[Read more]

Thanks Michael & Johann, Definitely agree staying comfortable within the LVR is important.. & who knows what financial disaster is around the corner! I generally take the conservative low risk taking approach but the thought of 10+ CF properties sparked a light of retiring early

Anyway just so we can get an idea why i was asking about multiple…[Read more]

Thanks for the replies & responses guys, a guess more of a relief to know that I’m on the right path by steadily buying quality property rather than focusing on quantity, then using savings & unlocking equity when values go up… patience isn’t my best characteristic but I guess I’ll sleep better with the LVR under 80% & properties taking care of…[Read more]