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  1. malcomb

    Using super to pay off LOC

    Sounds like you're recklesssness has led you to greater riches than any of us. ;)
  2. malcomb

    Using super to pay off LOC

    Unless you are over 65, I understand.
  3. malcomb

    Using super to pay off LOC

    Correct - deposit from LOC was used to purchase the IP.
  4. malcomb

    Using super to pay off LOC

    Hi all, I'd appreciate some advice on my situation: We own our PPOR(value $450k), and have an IP (valued at $400k). IP is subject to an IO loan. LOC is currently set at $120k, with $80k owing on the LOC, ie $40k buffer. This year I can claim my super, which is a measly $90k. I'm still working...
  5. malcomb

    Settled on my first IP :)

    So, tell us more about the 'buyer's agent workings'. What did you observe?
  6. malcomb

    Pre-purchase inspections

    But, can we use any little identified disorder to reneg on an offer? For instance, if a pre-purchase check identifies some split plaster on a wall in a bedroom, can that be used as an excuse to get out of a contracted offer? Surely no pre-purchase report will be perfect, and therefore any offer...
  7. malcomb

    Pre-purchase inspections

    I am wondering at what point do negative features uncovered by a pre-purchase inspection allow the buyer to reneg on an offer? Can a buyer withdraw his offer(ie, an offer that was subject to a pre-purchase inspection) on the slightest thing? Or does there have to be a considerable range of...
  8. malcomb

    We're all Ponzi borrowers

    Interesting response AlmostBob. Isn't this what sound investing is all about - judging when the tree is going to fall and a)insuring against that and/or b) investing in healthier trees?.... just by way of keeping the metaphor going!
  9. malcomb

    We're all Ponzi borrowers

    An article in today's Age by Michael Pascoe reports on the poor opportunities that now exist in the investment property market. His report has been prompted by comments in a scathing Morgan Stanley report about the Australian property bubble...
  10. malcomb

    Paying debt with debt

    I've read all the stuff by property investors who say that if you build up enough equity to place a deposit on a property, then mortgage the newly purchased Investment Property, you only need the new mortgage to draw its interest payments from a planned buffer that you are holding in your LOC...
  11. malcomb

    Buyer's Advocate in Melbourne

    I'm over all this research and reading. :confused: Can anyone recommend a good Buyer's Advocate in Melbourne?
  12. malcomb

    hotspotting.com.au any good?

    Jezza - tks - but surely banks would be setting up in areas where there are people needing their services - not just areas that have fabulous growth in real estate value?
  13. malcomb

    hotspotting.com.au any good?

    Have come across hotspotting.com.au which offers information on locations that may have some potential for real estate investment. The key information is in the form of reports and they are at a cost. Has anyone accessed the premium information? Is it worth it? Do they suit certain investor...
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