I think you should get some proper advice first.
I liked a much earlier comment about a term deposit whilst researching, and Terry's multiple comments about seeing the right professionals. I think you're in such a fantastic position having that lump-sum cash, so take the time to educate yourself on how to most…[Read more]
Hi everyone,Thanks for your help. I've just got myself a job (started this week), wages aren't great ($45k) but its a start as I was teaching English overseas for the last 2 years.Been reading API and almost finished "0 to 130 properties" by Steve McKnight. I'm nearing the end of the book, but I found an interesting part that said that you should…[Read more]
Hi Shape,Thanks for your response. If I decide to buy a house I'd want to try and get the FHOG. I'd live in it for 6 months then rent it out. Therefore it would be best if I could get a loan for most of the purchase price so I can claim the interest deductions instead of using my own cash to purchase it.Sorry if I am stating the obvious, just want…[Read more]
HI again, Thanks a lot for the detailed responses. To answer some of the above questions:At the moment, I'd be able to get $45-50k from a job. I'm not worried about employment prospects as I believe I'll be able to get a job sooner rather than later.I guess my reasons for suggesting rural vs Melbourne were the property prices. I guess I would feel…[Read more]