Recent content by Spud1

Hi Rolf I have all my loans with CBA, I fixed one on Friday for 5 years at 6.24% & will fix another on Monday these 2 will be 50% of my borrowings. I am goign to gamble that the variable rates will stay low for another 18 months before reaching the 5 yr fixed rate. I am...

CBA as of Tues increasing their 5yr fixed from 6.39 to 6.84, I fixed today.

It's getting very tempting to fix for 5yrs, About time CBA dropped theirs. My last 5 yr fixed was with CBA at 6.14% it reset late last year. When I locked that one in, in 2003 the RBA rate was 4.25% we are now at 3.25% & their 5 yr is 6.25%. Just shows how much larger their margins are...

Hi All I currently have 2 new properties with the same proeprty manager, they transfer rents twice per month. They are very often late with transfers, with me having to chase them up 3 times already in the past 12 months. The latest debacle is one proeprty is 6 weeks behind & the other...

I found this article it;s written by Michael Connips of TradersCircle. Spud Interest Rates I am really beginning to believe that lower RBA cash rates is really becoming a piece of fiction. At least for what it means in reality to us, as consumers. I saw a David Jones credit card...

Dont get talked out of buying a new property, I think you are crazy if you dont take advantage of the stamp duty saving as well as the 21kFHB grant. You dont have to buy sonme way out OTP purchase, find a block locally get a local name builder to build you a 3-2-2 house, you cant go wrong...

Thanks Michael I rang him this morniing, he does seem very helpful, I will meet with him later int he week & see what he has to offer, he fee seems very fair at 1.5%.

Buying in Geelong Hi all I ive in Geelogn & have 2 IP's at teh south end of Highton walking distance to the Waurn ponds Shopping centre. I am ready to buy my next property using a SMSF I am currently setting up I willb e rolling over $115K using the NAB;s 65% LVR SMSF loan I can...

I was at an auction in Geelong on Sunday it was for a 2 bed unit in a nice area. Opening bid was $170k, Auctioneer would not accept it & said the place was worth around $200k The auctioneer then put in a vendors bid in at $195k. And thats were is stayed & pased in at that. It then sold to a...

Thank you for all the replies, I must admit the alarm system was the one I thought the least of. But I guess tenants want to feel secure if it was is their own home just as owner occupiers do.

I need to clarify a point the money I was looking to spend is not personel cash I have, but rather the balace left over in the construction loan. Would you spend it or leave it?

Hi All I am about to start building my 3rd IP, well I'm not personally building it but have bought a 500m2 block & am getting a spec home (3-2-2) put on it. The house will be in a nice area of Geelong in the Highton suburb walking distance to Waurn Ponds shopping centre, and...