Congrats on the purchase jp, looks to be perfect for development!:)
3 bux extra a week letting fee isn't the big deal... It's the percentage I'm looking at. Why pay 7% when I can probably pay 5%.
Will do, thanks DT.
Property is located in Ascot vale. 7% with 1.5 weeks letting fee is what I have currently been offered. Bit steep!
Whats the going rate for Property Management fee's in Melbourne? Are fee's dependant on property location?
Can anyone recommend some...
Thanks all for your replies.
We will now be moving into the Melton Property and making the new purchase an IP. In saying that, I'd still like...
Hi Ivan, thanks for your reply.
I have a little more info I can share. I have just turned 23 and my partner is 22. Combined we have savings...
No one has any advice? need more info?
My partner and I are looking for a place to buy as our PPOR, however we'd obviously like to make the most of our money and try to buy...
Thanks for the links spiderman.
I did wonder about journey time and wave swell, its definately a problem that will keep the ferry service from...
How's this cracking along? People's opinions still the same on the area and the costing of the apartments etc?
Who currently has a...
Yep very true.
Will be interesting to see how the township develops in the coming years..
I guess some people enjoy the isolation.. for a...
What are peoples thoughts on buying in eynesbury? Anyone invested or currently live there?
Pro's and cons? (besides no town center and...
I have arranged a meeting with my bank to swap the loan etc. Now, off to do some more research!
Thanks all for your help and patience!:)
This is what Im having trouble with... I have trouble believing that it will do the work.
So, to recap:
I have a PI loan with an outstanding...
Okay I think Im starting to understand it..
But I have more questions:o
Is there a limit on how many years you are able to make the loan...
I understand the difference between the two.. But the reasoning is what I have trouble with.
I consider the money I have paid...
Okay, so this means my principle amount that I owe will stay the same and I'd only be paying off the interest charged to me.. I can then put that...
The 32k is in redraw, my personal savings are in the offset:)
Hi Colin, Is it essential to amend the loan type? What are the pro's and cons in doing/not doing so?
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