Hi MidsomerThere's not enough info to provide a decent response. Have you considered using one of the decent brokers on this forum? They'll be able to provide a comparison on products suitable to your circumstance.CheersJamie

I'd knock out the arch completely. It will open up the space better than any painting will achieve.CheersJamie

Agree with Catalyst above. Do you have a PPOR or any other non-deductible debt? If so, paying principle of an investment debt is effectively throwing away money.CheersJamie

ozinvest wrote:
Was recommended by broker says rates are low.

Was that the basis for the recommendation? Which banks are you refinancing from? I wouldn't be using resimac purely for a lower rate.CheersJamie

We've always allowed pets and have had no issues – it's also a handy way to boost the rental yield as pet owners are generally willing to pay more for a property that allows them to keep a pet.CheersJamie

Very cool, thanks for sharing CheersJamie

You need to dig deeper than the overall vacancy rate. Regional hubs generally have pockets of less desirable areas to live where the vacancy rates are likely to be higher than the overall average. Is the property in a lower socioeconomic area?CheersJamie

Derek wrote:
At the risk of being howled down some things are more important than property.For what it is worth I would enjoy the birth of your first child (congrats by the way) and let things settle down before revisiting the question of buying again or not.

I agree. I'd be enjoying this time rather than worrying about servicing an additional…[Read more]

I agree with Derek. Instead of trying to time the market – look at what you want the property to achieve. Why did you buy the property in the first place? CheersJamie

ygue6072 wrote:
Thank you Michael and Richard for you responses.It certainly has given me some questions to ask them when we go for pre-approval and if they can't answer them properly then look at speaking to a broker. The property we bought was under 500k which is why it was 0.7% I can't remember what % they said if we had a loan bigger than…[Read more]

lilhazel wrote:
Thank you all.

Personally i would buy myself, start small, structure it correctly and go from there — Richard, how do I ensure that I structure it correctly ?

Hi there

Using a broker that knows what they’re doing will ensure the correct structure is set up. Richard will be able to help.

Cheers

Jamie

Hi MrcSAsk the branch staff or broker to get in touch with perpetual for the breakdown.You should also receive a statement from your old lender providing a breakdown of the exit costs.CheersJamie

Hi CharlieWelcome to the forum.Land your first job, save like crazy, purchase your first home and take advantage of FHB concessions. Buy something that can be cosmetically improved at minimal costs, have it revalued, tap into the equity and purchase your first IP.Just my two cents.CheersJamie

burpie wrote:
Does anyone know if Fernleigh Road (in Ashmont) is "dodgy"?

I could be wrong but I vaguely remember that there's a part of Fernleigh Road which is closer to Flowerdale that's not too bad.CheersJamie

vader897 wrote:
Dear Property Investors,I am about to be a first home buyer and want to make sure I have things right and would really appreciate it if you would test my understanding. I have read a lot threads from others in a similar situation but really want to make sure I have it right.About me:My wife and are are both fresh out of Uni, and…[Read more]

I agree with what Richard has said. Technology makes life easier – everything can be done via email and phone. I've even got clients 10 minutes away from where I live that I've never met – for some people, they find it convenient to sort everything out online.CheersJamie

I would assume so but best to contact your insurance provider to have it clarified. CheersJamie

GlennFiltness wrote:
Well I guess that is an option, but if I dont put a %20 deposit into the Canberra place then I will get stung with the mortgage insurance! ouch…. Then again this may be a wiser option in the long term. FYI I will have between 65 – 70k deposit

LMI doesn't need to be seen as a bad thing. I wrote an article for API the…[Read more]

Hi brokeraus

As Richard mentioned, you’ll prob need to arrange a mentor for the first couple of years.

When deciding behind the franchise or independent paths, consider all options carefully.

There was a good thread on the somersoft forum recently about this exact topic – it’s worth while doing a search for it.

Cheers

Jamie

Thanks for the wrap guys.Welcome aboard Paul – great to see more Canberran's on the forum.CheersJamie