Recent content by red liverbird

Thanks Redom! This is a great thread. How does IO vs P&I fit into this story?

Yeah, I've been doing some rough forward planning on how to achieve my 2015 IP goals and this guide has been really useful - especially the changes in income calcs.

Not a nice thought for anyone that's purchased a PPOR long-term OTP and was hoping to go high LVR and I/O! Surely that combination isn't too uncommon for first home owners?

Ah, that makes sense now! Thanks

Kudos Redom! Thanks for the info - really useful. Is it definitely right that an increase in expenses is much worse for borrowing capacity than an increase in credit card limit? :confused:

My parents! Though the recent addition of a 1,000km buffer has increased by tolerance significantly!

+1 for the first option :D

Difficult to tell, I'm sure everyone has a theory. Personally I'd lean towards just slow and flat - I think the Govt / policy makers etc. are still very cognicent of the GFC so a 'recession' is still a very scary word compared to and extended period of slow and flat.

Its definitely a nice area. I grew up there while the town centre / varsity lakes were being built. Lived in a 3 bdr townhouse actually!

Jeff Beck at the Palais in Melbourne. That guy knows his way around a fretboard!

Great post. Realistic assessment of whats happening in my view. I sometimes wonder how it will all play out, it does look increasingly alarming and doesn't make too much sense. Andy, i bought an apartment recently OTP in Cbr. Got a great discount of the market price (~10%) - which i'm told...

Hey all, My partner is about to go and purchase an OTP First Home. It is due for completion late next year/early 2016. She plans on taking advantage of the FHOG and stamp duty concessions. She was also planning on purchasing an investment property or two while her OTP firsth home...

I think the market it still pretty segregated. The supply and demand dynamic is totally different in Sydney compared to Canberra, so while I agree that some areas might experience a 'correction' I don't think you can generalise at all really.

The 12 months could be relevant if your accessing the first home owners grant - I know the requirement is 12 months in the ACT

350 years in Romania :eek: They must have some serious tax rates!