Recent content by thedude

hoping for 50bps, settle for 25bps but thinking 0 bps

I assume its too early to start buying? I can't find any other reference to this anywhere. :confused: http://www.abc.net.au/news/stories/2009/03/31/2531196.htm?site=adelaide Land in Adelaide's north-eastern suburbs will be turned into housing and open space. Urban Development Minister...

nice self promo...:cool: why not add a little more to your post, like maybe basic details regarding the proposed solution.

Im interested in how the bank would view the $ in the offset account as security to borrow against to purchase an IP? Its not as if they have ownership over the cash in the offset and you can pull it out anytime you wish, so there goes their security. Is this even possible? as in borrowing...

Hi kimanand Do you mind letting us know who the company is you are talking about?

Cheers Dan, I didnt know that, thanks for the tip.

Exactly, and that's why the bank treats your card as a $12,000 at call at any time, not just $2000 that might be outstanding. I would do the same thing if i was lending money as well.

I hear ya! Very funny but true analogy ;)

thanks Ethan, appreciate your comments. think i'll open up an account...

I have been looking around for a decent managed fund, found these guys: www.raboplus.com.au They also have an online back account much the same as ING, cept their interest rate is 7.05% at call, compared to ING’s 6.65%. Looks like a very similar product as the ING bank account, but with...

The title is not my words but the title of the article....I found it's in interesting take on the generalisation of generations we have and what their goals are....amusing in parts as well. http://www.theaustralian.news.com.au/story/0,25197,23171168-25658,00.html

Yes, good summary and on topic.

Smack bang on the money, this helps a lot. Everyone has jitters, you need to convince yourself youre doing the right thing for yourself. If you fail to plan, you are planning for failure.

Hi Meljup, Would you lend money to you? If so why? I have no doubt you can probably source someone to lend you the money, however your terms would likely be very different to a loan from the mainstream. Higher rates, less flexability. I understand your eagerness to get into the market...

Not meaning to sound harsh but why question your judgement if it is the right property? If your criteria stacks up, just do it. Like a bullseye in your sights...pull the trigger...