thanks for that valuable contribution,  what were you not-ing about?

yes crashy that leverage things works both ways , sadly we have many punters and industry gurus who havent lived through a downturn as an adult.   Anything less than a boom feels like a catstrophe for some of those people.

I am a B(just), BTW

maybe its just me but I would be taking the CF+ road and would avoid any signifcant gearing against my PPOR……I doubt you will be looking at a high capital growth environment for quite a while now.    

Using the inherited place you could easily borrow into another place for a small contribution from you both and possibly have a nicely balanced holding position on two properties without putting your PPOR into the mix

You are in a very good position ,  we are at the peak of a bubble period and I would hate to see you leverage away your advantage. 

On the other hand if you want to go for it you are welcome to my IP's in Melbourne    just send me a note

Water rates may be included in the BC charges also, depends on your State and the metering setup (per unit or per complex).   With the one unit we hold (VIC)  the BC pays all water charges.   The only other item may be landlords insurance if you go that way to protect contents and loss of rent.

who says property is going up?  its been down or plateaued (depending on location) for a while now.

well share your research with us scamp where do you get your numbers from?

within 500 meters of my house there are 3 empty houses … the are being developed into multi unit sites.   There are many reasons a place may be empty.

In another thread you said that sellers are moving out and renting there places while trying to sell,  now you say there are 900k empty houses….we are we all living ?  under a corrugated iron sheet in a creek bed somewhere?

they arent doing much of anything (or at least anything that takes any effort) that you pay them for ,  why would you consider keeping them?   I'd be looking for recommendations and moving on.

No experience with NZ

I lived away in Europe for a while and it was the worst of both worlds.   Income in Oz (rent) was basically taxable at the witholding rate, mid range rate.   Property held in Oz was counted in my total "fortune" as they called it in my host country and I got taxed on that (thankfully paid by my employer).   I expect NZ will be a bit friendlier due to the close economic relationship.    Good luck with your move NZ is a beuatiful place ,  I could happily move there.

how on earth does an extreme case in the US have anything to do with an intrest rate adjustment in a much better managed economy?  taking .25 / .5  of a high interest rate somehow plunges us into US style chaos?  give me a break……you had to much caffeine or something?

US is a third world country now?   have you ever lived in a 3rd world country?   they have issues that may take a decade or more to work through but they are not a 3rd world country.    They are becoming less of a force to be sure.

The only problem I had with evaporative cooling was initially my ignorance on how it works.  We were closing up the house as you would with aircon,  which was exactly wrong.  You need to crack open a few windows to maintain airflow and stop humidity rising.   Brands I dont know as we dont have it anymore.

The renos would add attractiveness or sale-ability to the house if well done.   Adding value?   hard to say,  depends on your place and your area.