Thankyou SIS for that information, does not seem worth it $596.16 a year in your pocket. I would be better of doing a little bit of overtime each month at work to cover or increase rent on IP by $5 or $10 a week. Dont see much advantages on this borrowing system.
Thanks Dom[thumbsdownanim

In the latest property Investor magazine their is a lady with 20+ properties mostly in one suburb.
Dom[specool]

http://www.property.com.au/

http://www.realestate.com.au/cgi-bin/rsearch?a=sf&s=qld&t=res&snf=rbs

http://www.elders.com.au/realestate/

http://www.realestateview.com.au/

http://agents.realestate.com.au/daviddeane/

http://www.century21.com.au/

http://www.ljhooker.com.au/index.php?b=1079709708

http://www.stockdaleleggo.com.au/

Dom

[rambo2]…

In QLD any person who is acting on behalf of a third party in any form of realestate transaction must be licenced or must be a registered employee of a licensed agent

Where are you from?
Dom

First of all the difference between %6.5 and %10 is big ,the differnce between %6.15 and %6.50 is nothing and if you borrow an IP, interest only its even smaller.
Second why on earth buy at $200k to 250K this is negatively geared.Im sure you can find something at a lower price range as you seem to be just starting out.
Thirdly i live in queensland…[Read more]

Holy mackeral anybody wasting their time by reading and writing this crap must have nothing better to do i am glad all of this stays in this section of the forum.[jerry]
Dom

From a buy & hold strategy it would seem thai P&I would be the way to go for IP”s. [wink]
Dom

At the end of the IO term (usually 5 years) the loan contract states that the loan will rever to P&I, however, you can ask for a further 5 years – or refinance to another lender who will offer you IO.

Q.How long would it take you to pay the property of after you have paid the first 5 years of interest when it reverts to P&i.(25 years)

Q.Why…[Read more]

Whats the 30 second solution?
Dom[]

Hi,
Units in brisbane have fallen %25+ in the last quarter.
Whats the difference?[]
Dom

Redwing,

Been and gone.
Dom[]

Thankyou melbear,Bernard for replies,vendor has offered to pay for treatment and minor repair.A load of my mind(Settelment today 10/03/04) and a good outcome for both of us.
Dpm[]

yes you are right it would depend on your strategy eg.capital growth,rental yeild(positive geared),tax minimisation ect.
But this being a positive cash flow property investment forum i would suspect most proffessional investors would not be looking for something like this even thought it is a good deal.
Dom[]

cash flow negative.Pay out of your own pocket to meet banks repayments.Yuck ,I would rather pay more tax.[]
Dom

Thanks Prop16[]

Well done Rocky and good luck.
Dom[]

Hello[]

Im sorry I cannot give out that information.If you look at previous posts you will see most Investors wont give away thier location.
Dom[]

Yes definitely commonwealth bank chief predicts rates to stay steady with us dollar rising and housing boom has ended.
Dom[]

Yack,
Purchase price $130,000, residential,large town 30,000 i think,rent $310 per week ,or $155 each side (Duplex).I believe i have worked out rental yield by previous posts on the Topic (deposit and costs paid by me)
Dom []