Also, do you have any other syndication projects planned?

Thanks for all your input. Great that you decided to give back to the community here. This thread was a very interesting read.

Thanks already!

@pascoe: Agree, I probably overcomplicated it and in the end we’re probably discussing about max a few $100 difference anyway. But also wanted to get feedback if my thinking is correct. And I don’t think the interest on a savings account is that much lower. I get 3.15% at RAMS right now and the loan was 3.69%…[Read more]

thanks for your quick reply. I think my last post was maybe not that clear, so now using some numbers as an example. So, assuming the following:
Rental income per year: $10k
Interest paid on the loan plus other cost: $8k
–> Profit from property $2k, so tax has to be paid on $2k income from the property

Now, we also have savings that…[Read more]

If the variable is indeed lower than fixed, then my whole calculation doesn’t make sense anymore. But our mortgage broker suggested Newcastle Permanent and their variable is 4.17% and 2-year-fixed is 3.74%

A few assumptions first:
Fixed rate: 3.74% for…[Read more]

I was thinking of making use of the 12/18/24 month 0% balance transfers many credit cards offer:
1.) Pay the deposit with a credit card
2.) In order to avoid the interest on…[Read more]

Terry, their fee structure is a bit “different”. They ask you to become a member and if you are you have access to their deals and you can do as many as you want. Not sure exactly about the fees anymore, but I think it was 3k for one year, 5k for 3 years or 7k for 5 years. I didn’t ask for the exact commission they get, was enough…[Read more]

What would you say are the risks with OTP compared to established? Is it mainly the risk whether it will be a popular place to live in since no one has lived there before? On the other hand you would expect to have less cost for repairs with OTP, I think.

does anybody have any experience with Oz Property Portfolio (http://propertyinabox.com.au/ozpropertyportfolio/)? Their strategy seems to be buying off the plan in areas where CG are still expected.

Thanks for your help!

does anybody have any experience the The Property Mentors Australia (http://www.thepropertymentors.com.au/) and would you mind sharing your experience / opinions? I’m currently in touch with them and thinking about using them to get into property investment.

Alternatively, does anybody know about good property investment mentorship…[Read more]

So in order to have a positively geared property, what return would you typically need on top of the interest rate? Is 1% really enough to cover all the cost?

I’m quite new to property investment and am currently looking for a property that is positively geared. I am wondering though how this would be possible in NSW or also in other states. In the best suburbs/cities in NSW and with some luck you can find properties that give a return of 5.5-6% and you pay around 4.5% interest which gives you…[Read more]