beyondabundance, my old man did not ask or tell me to look at this plan, i simply took to him as a request and ask he look at it. i am asking for advice here because everyone has their own experiences and knowledge which has already greatly helped me, by making sure im considering all issues and viewing my plans from different…[Read more]

ATT: Terry

If I bought my first home with the $7,000 grant and paid another $8,000, total $15,000, What would be the repayment roughly on a house that is purchased for $250,000 with the current interet rates?

Thanks for your help and time.

oops, sorry Felicity, I forgot

I’m from Sydney

ATT: Derek

Derek said: That is not strictly correct – I save a bit (a little bit too I might add) on tax and make my money through growth.

Does this mean you are talking about negative geared property here, looking for capital gains? For, else, how can a person save tax on a positive geared property? Is that possible?

So is it true, you…[Read more]

I believe it’s a universal forumla that can be used anywhere.

Best wishes and God bless.