Hi Scokar. no worries. Did the usual large family large mortgage no spare cash thing, until relocated a year or two ago after sellign property, and family size reducing. Rather than going into debt up to the eyeballs again (was tempting, and hard to make the call) we are renting, and with the money we had form our house sale (a nice upmarket large…[Read more]

Hi Chookie. Interest only loans are generally used by investors, whereas owner occupiers generally prefer Principal also. Not that no one wants to pay off their home, but aside from the fact that the repayments are less, it is of no tax benefit to pay principal off your investment property, as only the interest is tax deductable. Naturally, if you…[Read more]

Hi. Great that you are making a start. Just a bit of food for thought if it helps. I can’t see much point in a company unless you intend to buy and sell property quickly (ie.less than 12 months ownership) or you have a ton of property. Without going into too much details, there are no significant benefits as far as being able to claim back gst…[Read more]

Well, this would be the most interesting forum thread yet! Great stuff. hey Cuey, I know where you are coming from. Unfortunately nearly all the books you get are a few years old now, and things have changed, dispite what all the ‘gurus’ say. The 40 50, and 80 thousand dollar houses most bought and sold/held/or renevated are no longer that price,…[Read more]

This is really disturbing, and you must feel so used. My personal opinion is to get publicity and ASIC involved. Unless the mortgagee was an absolute shark, which means ASIC will be very interested in them) I would have thought there might be some recourse there once you get the ball rolling. Re the publicity, check out http://www.jenman.com.au and maybe…[Read more]

Hi Matt. I agree with the other reply. Unless you have a particular reason that you have to sell, I would imagine you have a bit of equity in this home? You could use that to ‘borrow against’, and then use that for a deposit on your property of choice. It may be a cheapy, and not nearby, but then you have two properties to work for you. In time,…[Read more]

Whatever works, but I have tried this with a couple i know locally, and it seems to invite a barrage of sales speel on every property they have. WHat i have tried once, and plan to do again soon is expressing interest in one particular property, and then once talking to a salesperson, asking is there any property in thelower price point of the…[Read more]

Interesting stuff for sure. AUSPROP, there is two of us if it makes you feel any better. anyone with a bit of spare money should look at the South Coast NSW for property now, as it is a buyers market!. Shares seem to be almost gambling unless you stick to the top 200 type and buy at troughs, unless you really know what you are doing and have hours…[Read more]