Recent content by rednut

I'm sorry for the delayed reply - I have been snowed under at work. Thankyou all for your advice - muchly appreciated. I will begin by seeing my accountant and chatting to some mortgage brokers as you've recommended. Stay tuned though, I may have many more questions!

I have been a long time lurker, but haven't yet taken the plunge into investment properties, and probably need to get more educated about strategy if I'm honest. However, I have a golden opportunity coming up in about 6 months that I would like to take advantage of and need some advice on how...

so the day before auction the price range was increased to 410-450. Passed in at auction on a vendor bid at 430.... but its now re-listed at 495... (its unrenovated) This kind of stuff has been written about a lot.... but what a waste of time!!!

The problem is I generally can't afford Preston, except that I saw a ex-housing commission house for sale cheaply, quote 390-430 for 3Br. Block small compared to others at 320sqm. Wondering if anyone has an an opinion on these houses? There's a lot in the area and some have been really spruced...

I'm interested in buying my first IP, with a capital growth strategy in mind, and am drawn to Preston due primarily to the fact that Northcote and Thornbury are becoming very expensive, so I wonder if the next suburb in line to shoot up in price is Preston. When doing a search on the forum...

Thanks for the replies guys. So let me get this right, I understand that IO loans improve your cash flow, but that means you are completely relying on capital growth to build equity in order to further invest. That means if capital growth is slow, you're stuffed?

Background: I have been tossing up between buying a PPOR or IP and decided on IP, unless the bargain of the century lands in my lap for a PPOR. I have a reasonable deposit (130) and reasonable income (150). I am likely to move overseas in a few years and don’t want to be burdened with funding...

Cheers guys!

Hi guys, sorry if this has been asked before, but I did a search and didn't have much luck. I am interested in buying a new apartment, building commenced, due for completion late 2012. My ideal plan is to live in it for a few years as my PPOR then subsequently rent it out as an IP. The only...