ToWhomItMayInterest wrote:
Tremelo,Q1 Try this link, click on snapshotshttp://www.homepriceguide.com.au/

I tried this site and it only really gives you the same information as the other sites. I can get the same information for free from other sites. Does anyone have anything with more detailed acurate information? Particularly long term growth…[Read more]

Cheers,1. Thanks for the link I'll give them a go. 2. And I have been trying that approach with realty groups with varied sucess. Most of them figure out that you are trying to buy in the area and then try to fudge the answers a little to either promote themselves or the area. Surely this information is available on a database somewhere.Thanks

Terryw wrote:
Also consider, if you keep rolling the loan over to IO again that it may not matter too much if you ever pay the loan out. eg. imagine if you purchased a house in Sydney in 1960 and used a IO loan. The place may have been around $20,000 and if you still have a loan of $20,000 today it would be insignificant – you could probably pay…[Read more]

Tremelo wrote:
VERY INFORMATIVE ANSWERS HERE THANK YOU. WHAT HAPPENS TO THE PRINCIPLE IF YOU'RE ONLY PAYING INTEREST? AND HOW CAN YOU DRAW DOWN ON EQUITY IF YOU HAVN'T PAYED ANY PRINCIPLE. OR ARE YOU ONLY RELYING ON GROWTH TO DRAW DOWN FROM?

Ok this should read,Very informative answers here thank you. What happens to the principle if you are…[Read more]

VERY INFORMATIVE ANSWERS HERE THANK YOU. WHAT HAPPENS TO THE PRINCIPLE IF YOU'RE ONLY PAYING INTEREST? AND HOW CAN YOU DRAW DOWN ON EQUITY IF YOU HAVN'T PAYED ANY PRINCIPLE. OR ARE YOU ONLY RELYING ON GROWTH TO DRAW DOWN FROM?

Thanks for all your info, I was only expecting a reply or two but 7 in one day is pretty impressive.I have done some further research and pasted a link below. http://www.hotspotting.com.au/index.php?act=viewArticle&productId=11I will be giving the hotel pool a big miss after reading all of this. However there is the option to buy the apartment…[Read more]