Qlds007 wrote:
Nick Without commentating on whether the deal is financially sound all i would say is Bardon is a great suburb and you will struggle to find anything for less that $500K there. I am in Chapel Hill next door and nothing sells for those prices there days.If she is happy for you to buy it at $500K i dont think you can go too far…[Read more]

elkam wrote:
Hello NickI don't understand why your mother is paying 11.4%. Surely she has enough equity in her house to simply renegotiate a normal residential/investment loan which would then be very roughly around 7.5% . She could also make it interest only for a number of years. This would mean that she would have to put in about half of what…[Read more]