As Simon has mentioned you can utilize your PPOR much more efficently. As it is your PPOR depending on Steves income you could invetigate into a line of credit on the equity up to 90% of its value $270k-120K leaves you with 150K to use on the purchase of your positive geared properties. Each property could be set up in a sub…[Read more]

To maximise your $40k you need to know what banks will lend on certain post codes. I have clients who purchased in North Queensland with a 10% Deposit and some banks will do 95% lends with capitalization of Mortgage Insurance, in country areas depending on the post code. As a rule of thumb cost will be 5% of purchase price. If you…[Read more]

You could do a number of things.
1st have a building inspection by a registered person, cost $200-$250. They will know legals and council building laws. They will inform you of repairs that need to be made.
2nd find a friend or friend of a friend who is a builder and they will be able to inform you of repairs. A good builder will…[Read more]