umm I must not be searching when beer in my hands  thanks Jamie.

Me Me Me!thanks,Amit

Terryw wrote:
If you pay PI you are tying up your cash in an investment property. If you later want to use the cash you will be stuck. eg your loan is $100,000 and you pay it down to $90,000. Later you want to buy a $10,000 personal item. You need to reborrow the money but the interest on the $10,000 won't be deductible. If you had used a…[Read more]

Thank you Richard, much appreciated.

You probably would like to review the calc. formula that whoever have given to you 300/2 x 1000 = 150,000 You will never get such property; oh well if you are lucky then probably you wil have to fight one for it. The way you are thinking, I believe, many think in this way too.Some rental properties in City, Sydney, pays 900-1000$ a week rent that…[Read more]

Be_Rich_By_2012 wrote:
Hey fword, sorry your right, Im earning $270 a month at 6.51% How is an offset advantagous? Is it because I am saving on 7.16% (which the homeloan is set to) instead of 6.51%?

Yes it will be saving on loan %.That is what the benefit through offset account. However, you might have to pay for this service, yearly. I pay…[Read more]

Althought I am quite new to the property world but I will put some words to extend my knowledge indeed.I will not compare everything with US  because we don't run in the same way as they do. The way our eco. works does not matches with them at all. We don't have 10-15 % unemployment problems; the $$ incomes are not same as Australian gets paid.…[Read more]

Very touchy and indeed gives a way through to fight for bad times.I also believe in pay less and no to -ve gearing; there is no point to pay 100$ and get 30$ back from the -ve gearing; of course, in the limit is fine but I will not be getting IP just for -ve gearing if I cannot pay 80% of morgage from rental.

Jamie Hi, It is managed through Property Management. They'd also approached me with REST or Real that I don't remember but I did not took their thoughts as I want to find my own stats who is best when actually I claim.I've my personal insurances with ING and also I used to have car insurance with them. But I'd never claimed with them. However,…[Read more]

Hello Angelina,Thank you for that.I've dual key apartment and have been going through around with different insurance company. They are asking to take it separately, as one for studio + one for 1 bedroom.  So overall I need two insurances.I just need to know someone who is really good at not only taking money for insurance policy but also giving…[Read more]

quick question: we don't need this inspection if it is an strata apartment? of course in that case review of building/ strata report is important.

I'd rather prefer the city sydney if one can affort to pay 400k for 1 bed and you get back 450 pw.if you have parking you can rent it separately for 40-50$500 * 4 = 2000$.

As someone above has just said that I dont think that going through broker is required if there is an easy application – You are a PAYG – You have liquidity- You have enough other assets to increase the loan amount.thats it!Although I will be interested to know how brokers can give the benefit in regards to giving commiission to borrower. Then of…[Read more]

luke86 wrote:
I believe that the Strata decide on who operates the building management. What probably happened is that before they sold the apartments, the developer decided that they would grant the property management company exclusive rights to the managemnet of the building. They could do this as at that time they owned all of the units and…[Read more]

JacM wrote:
I'm confused… you are unhappy with living in a building that provides you with security against the undesirable types that roam around Sydney?  Mate, these matters would definitely not be on my radar as "property management issues"

Main issue , as an investor, is the Strata Management + Property Management (Realestate) by them. I…[Read more]