look up on net national Aust. bank, ANZ etc websites. They will have all the answers you need like conditions. Look up on the sites personl tab then, home loan, then find calculators, there you can find current repayments on a loan of $200,000.
It will also give you info on their costs for applying for a home loan eg fees, stamp duty etc etc

give…[Read more]

To do this, take the purchase price of the property, (say $100K), divide by 1000 (= $100) and multiply by 2 (=$200). So you should get $200 pw rent for a $100K property.

Alternatively, if you have a rental of $120, divide by 2, $60 and multiply by 1000 = $60K. So you don’t want to pay more than $60K for this property.

So if you have a…[Read more]

Hi Patsy,
I lived at a student accomadation and was close friends with my land lord. They found it hard work as young ppl are dirty, damage furniture and building but apart from that it is a great business. Although you are getting more income, you will find more will go to repairs. Remember it is best to supply fridge, microwave, beds, furniture…[Read more]

[biggrin]Thanks for everyone who replied!!!