Recent content by theos86

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    Peoples thoughts on Adelaide?

    Yes received mine and all properties increased from 500ish to 700ish - not sure why they increased by 40% - still cheap in my eyes as a couple of years ago was paying more through AAMI.
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    Interest savings by using creditcard

    Yes credit cards ARE evil for a lot of people, but for those that are diligent with their spending they can save that little bit of interest and possibly get a little reward from reward points.
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    Interest savings by using creditcard

    In this example they are paid on the 1st of the month, hence the $5,000 offset account balance. No cash out on the credit card.
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    Interest savings by using creditcard

    Hi, I always read about people using their credit card to pay for living expenses throughout the month and putting all wages into an offset account to save on interest. I have made a few calculations based on a simple example and wanted to make sure my thinking was right. Example Mr Smith...
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    Essentially unlimited, free desktop valuations.

    Has anyone else noticed that property prices have not changed on CBA mywealth since they updated it in November 2014? Before the update it used to update quite regularly.
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    Peoples thoughts on Adelaide?

    It is solid brick. My broker said they were basing the price on what I bought it for (whatever that means) but valuer supposedly did go out to see property. At least they valued it $10k more than the CBA mywealth valuation. At least the property is supporting itself (repayments, rates repairs etc).
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    Peoples thoughts on Adelaide?

    Hey, it was elizabeth north. freestanding 800+sqm - $170k, can i ask what yours was valued at?
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    Peoples thoughts on Adelaide?

    Yeah i'd like to know where. Just had 2 properties valued last week. One at elizabeth grew by $2,000 (bought 18 months ago) and other property bought 4 years ago has gone down in value... sigh... cant buy any more properties for a while
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    retirement strategy

    I'm just thinking of this conceptually. If you are after $75k income at retirement you need $1.5Million of investment assets (free hold) earning you 5% yield. This $75k will then be taxed at your marginal tax rate. So you probably need around $1.8million. Currently you have $1.1m of Investment...
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    Peoples thoughts on Adelaide?

    Well Adelaide is definitely heading in the right direction, noticing a lot of houses on big blocks selling fast and lots of brand new homes being constructed and sold. One of my IP's rent is increasing by $25 per week in the western suburbs, while up north my property manager suggests no rent...
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    Guarantor for 20% - does this limit your lendor?

    Thankyou all for your suggestions. I will consider these options, esp. the 20% as P&I. I'm not too concerned about tax deductibility as the property should hopefully be a PPOR in the next 5-10 years. I will also consider holding off till have sufficient 20% deposit, or even consider a cheapie...
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    Guarantor for 20% - does this limit your lendor?

    I never thought of getting a loan - how does this work, do I borrow funds from parents? In relation to fixing I'm worried homeloan rates will go to 9% in the next 5 years which would increase a $500k+ loan repayments quite a bit. do you mean for the parents to give me a loan and I pay them back...
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    Guarantor for 20% - does this limit your lendor?

    I bought an IP last year (currently renting), this chewed majority of my savings as I had no equity to use. hence the low deposit. Was thinking of saving over the next 5-10 years for a sizable deposit but am concerned the nicer areas will be out of my reach hence wanting to get in now.
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    Guarantor for 20% - does this limit your lendor?

    i see what you mean 5 years is a long time. Was looking for IP in a nice area where I can move into in 5 or so years before I "miss the boat", or is there no such boat? Hehe. I guess I mainly wanted to find out if using guarantor as proposed above would give me a good range of lenders as opposed...
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    Guarantor for 20% - does this limit your lendor?

    Hi Just wondering if using parents as guarantor for the 20% of purchase price + stamp duty etc (ie. nothing out of my pocket) would limit my choice of lender. Was looking at some of the low cost lenders like Ubank who have an extremely great 5 year rate in the low 5's or other lenders with...
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