I think many people not seeing financial markets as viable due to GFC may be looking at property. The jump back and forth between the two supposedly happens alot, like a see saw.Im not familiar with your specific area and the market conditions there but anyway:If i were you i wouldnt even think of considering options A) or C) thats why i think…[Read more]

A pay rise would probably be the quickest kick in the serviceability pants. Though can be hard to negotiate tactfully. Could even look at taking a new higher paying job?Thats assuming you're actually working. you could just pay down your existing loans? push some of those neutral rent returns over into the positive?are you paying interest only on…[Read more]

first you say you can only borrow x amount because of your existing debt obligations… then you say you want to try save up the money you need?So is it your serviceability that is constraining your borrowing power? or is it the deposit? or both?Sounds like its the serviceability.Has your lender/brokers calculations included the potential rental…[Read more]

Well that's what I'm getting at, it really does seem ridiculous to me too.sure the amount is so little its barely worth discussing but id rather not set a precedent.there has been no mention of any court costs, everything is fine with the tenant and ive heard nothing through the strata.they certainly havent mentioned any court related costs, i did…[Read more]

I am hoping to buy again quite soon. I think the conditions are favourable. (regardless of how attractive other investment avenues may well be due to this 'global financial recession')Prices are on the slide now, near bottoming out. If i get everything moving now I should still be in favourable conditions at purchase time. With current interest…[Read more]