Recent content by Tramampoleen

So we think that it's probably a good idea to do it that way? Never knew it could be a pain to help the kids, haha! Also rolf - do you live on here? I've asked a bunch of questions and you've been the first to respond on most of them! Pure gold mate!

Hi guys, got a quick one - After 8 years, a wedding and a grandbaby on the way, I've managed to convince the inlaws that I'm a nice guy and now they love me. To prove this, they've decided that they'd like to purchase an IP and have us live there on reduced rent - it's a brand new place so the...

I've gotta agree with the guys here saying to take it in your own hands - I was a renter in Hawthorne, Brisbane for a few years up to late 2007, and rent went up $5 each year to a max of $210 when we left. We knew we were getting cheap rent so never complained, but when we left the owner must've...

Rolf's advice is gold - I was interested in IP's about 6 years ago, but since then I got married and travelled the world for a few years, and now we're back in Brisbane with a bun in the oven, so back into it I go. This forum is great for simple nuggets that can change the way you think about...

Forgive me, but what is a BIG meeting?

Thanks guys - the saving part was more or less my thoughts as well. Thank the lord for in-laws, eh? I do have a stable job, but at the moment no real savings. I also have zero debt which is great, and cars etc all paid out. So I would need to sit down and save the 10% anyway. I'm not sure...

Hey everyone, me once again, but this time with a far more general question about deposits etc - it needs a bit of a back story. I'm 26 and married, my wife is 6 months pregnant with our first child and we've just moved back from 2 years in London, and currently staying with my parents while...

Sounds like the guy in charge of the place is trying to make amends - maybe he really was unsure exactly what was going on. Best to keep an eye on it just to make sure, but at least it's a pretty decent resolution - could've been worse!

Ahhh, the old "sting-em-with-insurance" bit, eh? Thinking I should start my own bank. Cheers for that folks. Y'all sure are clever - hopefully in a few years when I'm worth bajillions of dollars I can come back and share knowledge with newbies like me. Good karma. -Adam

One last bit - LMI? I'm still learning :D

Rick - thanks for the rough figures, essentially what I thought then. Rolf - hypothetically, let's say it's a $300,000 loan for a $330,000 investment property (so no FHOG) in Brisbane. I've got the hypothetical $30,000. Not sure that I was chasing very specific figures, just a rough...

Hey hey, it's me again - just a quick one to see if I can save myself trawling through the paperwork of a million lenders. Borrowing costs for taking out loans (establishment fees, etc etc) as well as buying costs (stamp duty, conveyancing, etc) - is there a ball-park rough figure I could...

You guys are brilliant - thanks so much for all the info. Now to get that pesky deposit up... Cheers again all.

Hi Richard - that's actually what I meant, just didn't word it properly :p Stupid English. So what's the difference then, if any, between an offset account and a redraw account?

In a savings account, you'd get taxed on the interest - but in an offset account, you're reducing the amount of interest that you have to pay on the original I/O balance, and you claim that interest as a deduction anyway. That sound about right? I'm learning a heap off these forums - good...