Hey guys and gals,

I thought i’d post a quick update on the decision my wife and I ended up making and the subsequent results.

Basically we decided to go down the corporate letting pathway which required for us to have our apartment fully furnished. We just got off the phone with the property manager and she has lined up a tenant who wants a 6…[Read more]

Originally posted by Dazzling:
Have a crack at it.

Hi Dazzling,

Thankyou for your great reply and the time it took to type it.

I’m definetly leaning towards the way you did things as opposed to the “bunny hop” approach. I can see the upside to both methods it’s just that i think the properties we have purchased (the unit with water views and…[Read more]

Hi Rhys,

Thanks for the input. I guess the main reason why we didn’t want to sell the apartment is that we will probably have to move to Cairns in 2 years time so the PPoR we are purchasing will only be so for a short period of time. Our plan was to rent the house out then buy another house in Cairns when we move there Therefore owning two IP’s…[Read more]

Kim and Megan

Thanks for the prompt (and great advice) as you both make very good points.

Kim: Finding out how risky option two is kind of hard to do. Apparently occupancy rates for rental property in Townsville are very high at the moment (i have been told 95% by two different PM’s but take that with a grain of salt). I guess in the back of…[Read more]