3333 is definitely dodgy! Grrr for people who come and open up a long-lost thread, thus spamming all of us

Depending on how much you love the place… if you're happy to let it pass, I would make a lowball offer (~10 or 20k below asking price) and just walk away if not accepted. If they're playing games, they might be desperate.

Just wanted to warn James B about spruikers who haven't accumulated many posts on this forum…All too often, people have been burnt by some wonderful development or off-the-plan investment. Do your due diligence before investing your hard-earned savings into anything!

Have a thorough read of the articles here. Neil jenman is well respected in real estate thinking.http://www.jenman.com.au/find/index.php?type=simple&query=investors+club&button=SEARCHRemember, if it's too good to be true….. IT PROBABLY IS!

arandomperson wrote:
re: Rich Dad Poor Dad – there is a lot of evidence that Richard Kiyosake pretty much made up most of the stuff in the book, and had minimal financial success until his ventures into writing books on how to get rich.See: http://www.johntreed.com/Kiyosaki.html…[Read more]

Edvico_kvn wrote:
Bankwest have a track record of providing very slow service and causing delayed settlements (causing heaps of stress for FH buyers who are purchasing property for the first time).  This goes to show that borrowers should not think that the loan product  with lowest rate is actually best for you.  Consider the Lender's servi…[Read more]

Thank you Richard & Kevin for your comments!

Qlds007 wrote:
There is nothing to stop you buying an PPOR and making the loan interest only with a 100% offset account attached to it.

At the moment, this is our current intention. (unless it will negatively affect our tax situation when we buy our IP a few years later? I need to read up some more…[Read more]

So, we have gone and seen our 1st MB from Mortgage Choice. He seems pretty well informed (fairly sure he was not a plumber in the morning!) and knows his calculations. (I studied annuities last year and he definitely knows his numbers). Not so sure if he knows his products since this is an area that I don't have any experience in.We want to buy…[Read more]

Edvico, Richard, thank you for your considered replies. I hadn't realised that if we were going to get an IP a couple of years down the track, that the loan needs to be structured correctly NOW. i'll ask the Mortgage Choice guy about that, but it's only our 1st consultation today — if he doesn't turn out to be any good, I will find a better…[Read more]

Meeting a potential mortgage broker today (guy from Mortgage choice). Do you think it is worth asking for a 30% or 50% rebate on commission? My husband & I have well-paying jobs, and though this is our first property and we are young, we expect to buy a couple of IPs before we are 30.

hmmm, more food for thought. devo's post reminds me of Donnie Darko (when the propeller crashes into his house)We are planning to live in our first house for a while, so I guess we'll have to debate the price of silence… ie. the question of whether it is ok to buy a nice & cheap place right under the flight path, or to pay more for a quieter…[Read more]

I'm looking around Newtown/St Peters. My parents are trying to talk me out of one directly underneath the flight path… eg. fuel dumping and all that jazz. Does anyone know much about the health issues of living under a flight path? (apart from the constant day & night noise)

Thanks for your response. We are not looking for a low-doc loan, we have 20% deposit and substantial documentation (both have full time jobs. We have both worked for 1 year, being recent uni grads)I'm just preparing the documents for Mortgage choice, gee, they want you to bring a whole lot of things along! (last few pay slips, credit card…[Read more]

I should also mention that we are not looking for a low-doc loan… we have 20% deposit and are looking at a property in the $500k-$600k range.

thanks so much for the responses. i am leaning towards buying our PPoR and then an IP maybe 2 years later. just a few questions, let's assume we take out a mortgage for the PPoR and make 2 years worth of repayments ($3000 per month for 2 years = $72,000)1. to avoid LMI, we'd have to stump up another 20% of the value of the IP. I doubt we'd have…[Read more]

sounds overpriced to me, considering its far location. with 345k, have you considered a 2 br unit in Sydney's inner west? there'll always be  demand in the inner suburbs…. (just my 2 cents )