Search results

Just need to pick the brains of a few experts on an issue I have At the moment I have the following: Unit 1 (currently residing) Value $600 Mort $340 Unit 2 (investment) Value $135 Mort $135 Saving available $65k I now want to buy a house for $550 for my expanding family without selling Unit...

Any of you guys got any thoughts on the above areas? I am looking to buy a house and they seem pretty affordable with median prices around the $500-$550 mark. Good connections to the city via train (I work Sydney CBD) from holsworthy given the distance. Went for a drive out there today and it's...

Hi All, Just wanted to get a few insights into the area from a PPOR point of view. I am looking for 3 bedroom house or 2 bedroom with scope to add another bedroom. I am hoping to spend 500-550. It could be more as I have a PPOR apartment in marrickville that has good CG but I desperately...

Hi All, This may seem like a relatively simple question but would appreciate some clarification. If an IP is purchased for say $100k and LMI, stamp duty, initial strata, water, council rates etc are all added to the loan balance then how are deductions claimed on these expenses if they...

Hi All, I was not really sure how to search for this topic, but my quesiton is pretty simple. I have bought an IP recently and in conjunction with my other loan (PPOR) my total borrowings will be approx $477k. Once it goes above $500k I get a discount from my lender. So I have borrowed the...

I am not 100% if this is the right place to post this, I think there will be plenty of people who might apperciate. Sorry if it is a bit long. I was looking to rent a new place recently and found a nice apartment in Ashfield, Sydney. I took an application, sent it back and Monday morning I got...

Hi All, just wanted to get a few people's opinion on summer hill. I live nearby but am keen on getting an IP that I can add a bit of value through a reno then rent it out. I am a big fan of the place as it has a great village at its heart and great transport to the city via train (welll...i...

Here is my situation Bought unit Sep 09' in Marrickville, Sydney Cost $390k Loan $345k (IO - variable) LVR 88% approx Approx value $410k conservative Rent value $410 p.w. I have now saved an additional $35k and want to save a little more over the next 6-12 months to purchase...