Recent content by sydsider4848

Hi, I was just hoping someone can clarify my thinking is correct. Using below figures to keep it simple: Loan Amount = $300,000 Interest rate = 5% Amount in offset = $300,000 (and assuming this amount will not go below loan amount. ie. no immediate use of funds) If I had the...

Well it seems this comment got people talking. Firstly, I APOLOGISE as reading back on that comment, I can see where the confusion lies (my fault). However, I am amazed at how much I have been attacked for this! Proves my herd mentality theory about this forum. What I mean is - yes - no...

"I don't think I'm smart, but we did a LOT more than simply "hold" the property. We paid for the damn property. We tipped in every week over and above the rent, until it caught up, and then we did it again. It's easy, you said it yourself. Why aren't you doing it?" Where did I say it is easy...

okay, I don't post much here but I read every once in a while. I think some of the comments here are laughable. Its funny how some of the "older" posters clam on about younger people just wanting a good time, drinking, partying, staying with parents longer and pretty much having a carefree...

Are you sure about that? I have never met a real estate agent ever say prices will come down. It's like they have something in their DNA that doesn't allow them to say it. Or maybe they risk losing their R/E license if they say prices are "down" instead of "softening"

Thanks but not looking at tax deductibility. I think my post wasn't very clear. Basically i was wondering how I could use equity in my situation, to my advantage to borrow as little as possible.

Equity - it all seems rather simple but I just want to make sure of it. I am a novice when it comes to property. Okay, my situation is thus: Investment Property: Value - $470k Amount left (loan): $125k "Equity" -$345k My "extra repayments" - $180k (ie. I can withdraw up to $180k from...

Hi There, I am new here and hoping the nice members here can give me some advice. Basically I am looking for my PPOR. I am not a first home buyer. I have 2 choices: House in Chipping Norton (Lakeside) vs Duplex in Revesby (NSW). For those that dont know, they are in south west sydney...