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Thanks for the great post Rob! VERY inspirational for a relative beginner like myself. Cheers!

hi Lizzie, I have had a quantity surveyor assess the property, I dont have the figures in front of me as i'm at work but there were some reasonable deductions, nothing stellar though. I will run my spreadsheets when i get home using significantly lower IRs (4.99-6%) and see what the figures...

Thanks Lynne for the link! I'm waiting for a call back from my broker but from the sounds of things it will be wise to assess all the options available come Feb next year as PerthInvestor suggested. Longer than 3 years will be preferable for me, will see whats on offer then. I can cope with...

I imagine he means re-financing, shoping around and going with the lender with the best fixed rate ?

After the last cut, variable at 8.09%. The loan began as a low doc as I am a young professional who is mostly self employed and didn't have much in the way of financials. Since then my income has almost trippled and is highly secure so servicability wont be a problem. I actually hadn't...

Thanks for the feedback :) I bought it for 250k and I have just put the rent to $250/week. I am paying interest only. Unfortunately no deduction is available for building capital expenditure (built before 1985?) so the non-cash deductions are quite light on. Cheers

Hi everyone, I was wondering if you could give your opinion on wether to hold or sell my current IP. It was my 1st IP (It is a 2x1 unit bought in Perth at the height of the boom) and although I am ashamed to say it it was bought with haste and little DD. Thankfully I have learnt a HUGE amount...