Finally, a group in Canberra!Have you got much interest so far?I'll come and I'll try to drag some like-minded friends with me. If you need my contact details, feel free to PM me. Looking forward to it.RegardsOwen

Mate congratulations on your house, it's a big step!If you're concerned about high interest rates, it's probably a good time to point out that they haven't been this low in many decades. I think you can be fairly sure that it's not going to be that bad in the next ten years if the banks would offer you 9% fixed. If it helps to know, the reason…[Read more]

Ignoring the number of children arguement that plagued this topic. I have a quick question; I recognise the fact they would have had a rather high DSR, but as spudway said the property was "valued at 205k webought it at 110k ..and putting 50k deposit in".If the LVR was only 30%-ish why did they struggle to find finance?

I think this is one of those situations mentioned many times in Steve's books. You've got the same property as everyone else, so you've got to start thinking about what you can offer potential tenants. I.e. If you had it fully furnished or offered a home theatre system or something that makes potential tenants go "That would be an awesome thing to…[Read more]