Recent content by Smiddo

I agree with knightm. I live in Wollongong northern suburbs and have for over 10 years and know both dapto and warilla well. My money is on warillla due to the location, beachy vibe, and talks of new port in area in the pipeline. On the weekends Shellharbour (close to warillla) is full of...

Thanks to all for comments Still don't know or understand much (if anything) re second loan. I will see a broker soon re same. I believe we use the equity in first loan for deposit for second loan? First is IO with offset, second would be IO also? Any tips appreciated Avs the reason we...

Thanks hugh72 for the reality check :-) I believe you are right in relation to insurance and BC fees reducing the yield. I think it was mainly the lure of a cheap buy that I saw. So back to the drawing board on the topic of locale I quess! The more I read the more I find including...

Albanga, Thanks for the comment. In regard to strategy- your probably right i more than likely do need to 'refine' same. As prev stated it is early days- we have a few goals (short and longer term which are to accumulate multiple property's and hold them for long term growth for retirement...

Thanks kinnon bell for that advice. I agree on the land issue re Melton. Any other suggestions re locale? Re: unit in cairns purchase- reason was that research I have done seems to indicate cairns market (along with most touristy areas of qld) will recover, and also affordability- we...

My partner and I recently bought our first IP in Margate (Redcliffe area) north of Brisbane. It's 2bdrm house that we purchased for $310 mortgage of $280 and are renting for $300per week. We have some some minor renos including bathroom, kitchen tiling and new fittings, removed a wall, new...