Recent content by Bez

Ouch :( Thanks Jacque

Hey guys, Went to the bank yesterday to see about a loan.. I bought a IP 2 years ago but have never lived in it so i can still get the FHOG.. All good, guy behind the desk was fine with that. Today I had a messge on my phone saying he chased it up and I can get the FHOG but i still need to...

Homeside Lending - Plain & Simple loan - 8.94% WTF! Anyone know why im paying so much interest on a very basic loan package ? Im still waiting for the rate cut..

Thanks Robwilliams590 :)

Hey guys, Just got a few questions about filling in the ITWV form.. *With the section "Rental Details" the Percentage Owned question, are they asking how much you own compared to the bank ? or as in how many people are title holders ? My names the only one on the property so dose that mean i...

Hey guys, just wondering if there is an easy way to calculate an expected tax return.. Im thinking about submiting a ITWV but if im only going to be reciving $1500 a year then I might not bother.. My details are as followed :- Job Income - $34,000 Rental Income - $8300 Deductions -...

At the time of purchase I thought having something is better than not having anything.. So i pretty much bought what I could afford, thinking it will go up in value. I wasnt expecting a lot of CG being in Taree but if it stayed flat or droped for another 4-5years id be pretty dissapoined.. I...

Hey guys, I was having a look on the www.onthehouse.com.au site that Aimjoy posted up the other day and its got me thinking.. I bought a 2 bedroom unit in Taree 12months ago for $125,000.. It has been tenanted for $155 p/w and ends up costing me about $3000 a year to hold after tax (P&I Loan)...

I went and had a look at a property in kempsey about 12months ago.. I think it was $110,000 @ $175 a week rent. Anyway, got there and found out it was in the houseing commission area, got to the house and there was about 10 aboriginal kids standing on the front lawn. Another 6 or so running...

Thank L.AAussie Well I had no savings to begin with, I decided to sell some parts off my car which I got $5000 for. Then saved another $8000 over about 6months.. I would put 50% of my pay away each week and used the other half for rent, food and fuel.. I bought a place for $125,000 with a...

I bought my first IP 10months ago, on a wage of $30,000

Hey guys, just wondering what you would make of this. There is a block of 8 units and 4 of them are for sale, I was considering taking a look at one as it has a pretty good yield. But find it a bit funny that 4 of the 8 are up for sale at the same time.. Is this usualy a sign to stay away ?

Thats awsome Blue Card! I am working for "the man", Am I right in thinking that to make any decent income from funds or shares im going to have to have a lot of money in them ? So lets say I had $10,000 in a fund returning 10%, that would boost my income by $1000 a year ?

Well I guess by country towns I mean small towns, 20,000 population or less... I would like to achieve both growth and cashflow, but probly leaning more towards cashflow..

Bailz66 - Thanks, I bought the property in march this year so I havnt had a valuation done yet.. But im not counting on much growth.. Purchase price was $125,000 and my loan is currently at $109,000 The Y-man - I like the sound of anything that can increase my income, I know very little...