Recent content by leo

Hello Does anyone have this policy taken out for their strata titled unit/townhouse? It seems ok from appearances as I don't have to insure contents and then landlords as well as it includes landlords fittings. What are your thoughts? Leo

Hello Which insurance policy do you recommend for a townhouse under strata title? Do I just need a landlord's insurance policy with the option for strata title owners, which "tops up" the component not covered by the body corporate's building insurance policy (and no need for contents...

Hello again Our solicitor was in the process of gathering and reviewing all parts of the contract for sale before we signed. We found out that the unit block which the unit we were interested in has not been issued with a Certificate of Occupancy from the local council (Holroyd, NSW)...

Hi everyone I was wondering how landlord's insurance work when you own a unit. Do you need to insure the buildings as well, or is this covered by the strata? If I do have to cover the buildings, how do I value the part that I own? Thanks

Thanks again everyone for your thoughts. I do feel a lot more confident about taking out an interest only loan now. Leo

Thanks for your thoughts. I have been thinking along those points also. But I am not done yet... I know, and like, how the offset account can be used to retain the tax deductibility of my loan (instead of redrawing). And I know that I will gain equity due to the value of the property...

Hi everyone This is my first post... I was wondering what are people's thoughts on getting an interest only loan for my first investment property? How long should the interest only period be? I have no other properties as I still live at home and will be for a few more years. Your...