No, I have no other residence besides this one

I would always go with positive gearing. Remember to invest means to gain something, there is no point in investing if you do not make money.

Unlike in US, foreclosure sale is like opening can of worms in Australia. If you stepped into it, there is no way of turning back. The value of the sale here is much higher compared to the US as it is managed through real estate agents.If you are really interested in buying foreclosure properties, I would suggest you to have a look into US market.

I have different case here… there is subsidence happening due to broken underground stormwater pipes which will cost a fortune to fix it..the thing is I only put "subject to building inspection" (without "to buyer's satisfaction") in the contract…I would rather pull out from the contract rather than proceed to buy it…however the vendor's…[Read more]

yes, I don't know what they mean with "vendor's finance".I would think if this is considered as a mistake, the contract should automatically void?

thanks for the reply..just in case i decide to go with the investment loan, is it still possible to get first home grant?