Recent content by newlywed1311

Mildura growth I'm also from Mildura. Good place to buy for positive rental yields, I think. We purchased five years ago and are almost breaking even now with a 100% loan. Mildura still hasn't peaked but it's starting to move. It had a strong move from around 1999-2004 and has sat fairly...

I live in Mildura and have an IP in Mildura. Market is fairly flat but would be quite easy to buy positively geared property up here. Capital growth is not great to date but it is expected that it will improve. Mildura is gaining significant capital funding to develop it's infrastructure...

We have only been property investors for almost 12 months, so new at the game. We have had some good tenants in our home for the past almost 12 months and have asked what their intentions are after the twelve month lease expires. They have said that they wish to stay but would like a month by...

Hey Scott, I'll have to keep a close eye. Our PPOR is 80 years old and we've just had it restumped. Now we have cracks and crevices everywhere. Our old kitchen ceiling is sagging and all rooms need replastering due to being so old. DH said he wouldn't take down our kitchen ceiling but would...

Mildura I live in Mildura. Happy to provide you with information about our city if you have any questions. Cheers, Jacinta

Wow, you've got your finger on the pulse. I do know that the airport is growing very rapidly and we've got more and more air providers coming on board all the time. I know we had REX and QANTAS but I know there have been a couple more recently including Virgin and Sharp (Adelaide trips). As...

Firstly, did forget to confirm that we do have a very active airport with flights from Adelaide, Melbourne and possibly Sydney (not sure if they've been reinstated as I think we had them then they were stopped). It's under $200 generally return flight from Melbourne and Adelaide, so quite...

Hoolign, I'm in Mildura. We have just purchased our first IP here in June. Happy to help you out in any way I can. There are other threads on Mildura if you do a search. Happy to give you more info on the 'no go' area's - just ask. May be able to look at some properties for you if time...

We're using Pam from Stockdale and Leggo. Only about 6 weeks since we bought our property and we're happy to date. They'll tell you the fee is 8.8% inc. GST but we negotiated down to 7.7% inc. GST so definitely worth asking. Are you in Mildura?

RE, we just tripped up to Broken Hill a couple of weeks away for a holiday with the kids. I also had a look at property upon my return home to see what they were asking for it. I agree with you that it that it's not particularly 'nice' and I think the prices reflect that. We actually found it...

Hi Skater, Technically that money was drawn down to fund the IP, not the PPOR. It's not like we had $10,000 in cash sitting in our bank account prior to settling our PPOR (refinanced loan) and IP. This money is definitely left over after settlement - meant for a buffer for IP costs after all...

Skater, Do you mean the $55,000 loan? That is my investment line of credit attached to my home loan, isn't it? That loan was actually $44,000 after some changes to figures and currently it is fully drawn. Settlement was only at the end of June. The excess funds after both properties were...

But going by that set up skater, couldn't I just borrow more 'tax deductable' money and put it into my PPOR line of credit? I mean, the money was borrowed for investment purposes, however, I'm then using it for other purposes (ie, to reduce interest on my PPOR). I'm just wondering how this is...

Hi Jo, Many thanks for your reply. I'm fairly confident the accounts are set up correctly but I am still confused. The account were the $10,000 is sitting is our every day saving account - that is an offset account to our PPOR. It isn't! That offset account is our every day account where...

Please bear with me as I explain our situation. I know it's pretty straightforward to some people but figures just aren't my forte. We have just purchased our first investment property. We utilised equity in our PPOR to assist with this purchase. We have three loans, our PPOR, the equity...