Sorry Danny I misread yr post slightly.

It depends how much equity you have and saving history and positive cashflow coming in from yr portfolio.

Some brokers will do no docs loans at a much higher interest rate even if you have very little income.But these will cost you.

Dematio

We’ve got 70 yrs on planet earth,Lets make the most of every day!

Hey there Bexi,
Sounds like you ve got some pretty wise friends from yr post!Ha Ha.
Its great to see yr on the forum mate!
Blessings
Dematio.

Dear Voigstr,

Just A little Faith goes a long way!

Regards Dematio.

Hey Thomas,
Have you thought of using maybe 1 or 2 split units (reverse cycle)?
I have fitted a couple of these units(hitachi pump-AUX branding) to house and shop.They are very fairly priced and any A/C fitter will fit them for around $450 to $550,possibly a deal done to install 2.
The company is Air Conditioner Importers and they have sold alot of them with very few probs.
Ph no is (sydney)1300732663They should freight to you ok.
possibly worth a thought.
regards Dematio

Hey Guys,
I would say that not too many will keep investing in NSW for a while as the Taxes are a killer!
I just payed $9600 Vendor tax up front on a sale (which included $900 odd of tax on top of(gst)tax.I am yet to pay the CGT also still to come at tax time.
There are much better returns out there around the world!
I actually believe we should pay tax as members of society but there are enough risks and sacrifices req’d with investing already without these EXTRA taxes.
Dematio

Hey Harp,
No, you do not have to pay GST on top of purchase price if the property has a tenant currently in it at time of transfer.

All the best,
Dematio

My experience with B Hill, Jafri is to stay away from the South or any Laneways. There are opportunities throughout the rest of the town.
I would treat B hill as a place to learn how to do the whole P Cashflow game but unless you buy a few good properties its not really gonna return you much .
The mine apparently only has 500 people left employed today so obviuosly the town is not going to dissapear when it closes.(they might even find some more silver etc-That would create some interest hey!)Ha Ha
No actually I saw a Documentary recently that said a company is presently looking to dig beside the original mine(which was reported as having the biggest return for a mine of its kind in Aus!)
Regards Dematio

Hey nspeed,
I own a couple of proprties in Brokenhill NSW.
They return excellently but you have to do yr homework ($120 a week with p.m.purchase price-$37000-41000).(but be aware of low capitol growth)
There are still properties available now.
A few things to watch are
1)How much maintenance will the place need in future?(generally the local PM s wont manage run down properties as you can understand they would be hassled every second minuete for repairs.)So make sure you find someone to manage it before you buy as some flatly refuse if its below a certain value house. One of my places has a lady who manages the house herself which is a great option with the right person.
2)Are there big multi national companies in town eg Maccas,Woolworths(at B.hill they r just expanding) etc

Hope this helps mate
Dematio.

Thanks heaps Joe!

Also Martin,
Just be careful only asking the agent for yr due diligence.-Go all over and even to the owner if legal.