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  1. Ealbech

    Maximum limit of debt for a person

    I want to start building my investment portfolio in property, I need to understand will my future debt in IP hinder my ability to buy more expensive PPOR? I'm a contractor so it's not an easy to get good loan nowdays. Do banks calculate total debt for a person before approving him a loan...
  2. Ealbech

    Should I buy it? (beach appartment)

    I'm thinking to buy an apartment in the block which literally stays on the beach. The problem is that it has been extensively repaired over last year (it was a concrete cancer and it costs 1mln to fix it) and still requires some additional work (balconies and lintel replacements). The block is...
  3. Ealbech

    Dee Why Grand Parade

    What do you think about this new appartment complex which will be built next year? Asking prices vary from 475K for 1Bed+Study to 600K for 2Bed. It's very close to Pittwater road but quite far away from the beach (15 minutes walk). Rent appraisals are 470 p.w. for 1Bed and 550-650 for...
  4. Ealbech

    Offset vs Redraw

    I'm planning to buy my first PPOR in 400-450K range. I have 200K on my savings account. The plan is to convert PPOR to IP later and buy another place to live. Should I go for offset account facility, pay 20% as a deposit and put everything left on offset account or get smaller loan and when...
  5. Ealbech

    First Home Buyer - should I wait?

    Here is my brief story: We've moved from overseas to Sydney half a year ago. I've managed to find a job, so we are now SINK (Single Income No Kids). I'm thinking to buy our first apartment here, but now I can see a lot of competition for properties up to 400K from other FHOGs. As this...
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