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It is certainly interesting times. I have just had $1.1m investment loan approved my my next property(ies). Although the timing of this cycle may be coming to an end at some point (whether it is very soon or a little later), and with interest rates lowering and banks etc toughening up on...

Hi Alexlee and China, Thanks for your replies. I was half expecting those responses as far as investing goes, but just needed to hear it! I suppose it was the thought of the lifestyle at this moment in time but deep down know that later rewards from the investing yards now will be so much...

Hi all, This forum is such a great and interesting place to spend my leisure time reading :) However curiosity is not playing on my mind as to what to do and have not found a discussion around this issue. So my situation is that I purchased my first property (ppor) in 2004 in the...

I have only just found Terry Ryder from previous Somersoft threads and from what I have read of his work is actually sounding very interesting, relevant, and reliable. I may also look into this :) Owen

Just glad that everyone has different views about where to live etc. If we all had the same views life would be pretty boring....and investing wouldn't be the same either :) However, having grown up in London (UK) and also lived in other major cities such as Toronto (CAN), Geneva (SWZ)...

Interesting read...and good website too. Thanks :)

I am a very poor sleeper. Get to sleep late and wake up early! As for success...someone once said to me "you need to work smarter...not harder" and so that I am trying to do.....success? Well.....hopefully one day (soon) I will be able to answer that positively...watch this space! Owen

Hi BV, We do bump our rent upas often as we can :). However, we have really good tennants in our IPs and so when their lease is up we offer a small rise for a twelve month contract, or a slightly higher rise for a six month contract, or an even higher rise for a rolling contract. Generally...

Hi ASD, Congratulations on your first post :) I am certainly not a big investor yet (;)) but when I bought my first IP I structured my PPOR so that the 10% deposit for the IP (in your case $28K) was used from my PPOR mortgage (but taken off as a seperate mortgage...thus you will keep your...

I agree, Pay off the bad debt and then save for a deposit on IP 1. Bad debt is so unnecessary and the sooner you can pay that off the better. Investment mortgages are good debts and you want them....take your time and look around. There are polenty of great places with good rental income and...

I would definately hang on to it. Over the next 8-10 years Sydney West will certainly keep growing (in population and capital gains). the selling and buying elsewhere close by I don't think would be too advantageous. Keep buying...but don't sell unless you need to. Auburn is growing and the...

Hi BV, Not sure what I want yet......think I will look around for 2 bedrooms. As much as I want to stay away from where I bought last time I think around West is still best option. I am just beginning the hunt again! Mt Druitt or Baulkham Hills could be options. Owen

Hi BV, I am looking for another.....you have one in mind :) Owen

Blacktown Boom Hi Jane, I bought a 2 bedroom unit in Blacktown last year for $315K and is currently rented out for $370 per week. It was a new unit and thus far is working out exceptionally well for me at the moment. I think Blacktown is a good buy at the present moment (and areas close to...

Thanks Thanks gain Alan for sending the link (many of your comments that I have read on the other posts have been very beneficial for me :) ) and Recruit2 for the comments. I am feeling like you Recruit2 in that for the past 6 years my focus has really been all on my career and income...

Thanks Hi Alan, Thanks for your reply. Sorry if it wasn't clear. I have only sold one property (that was my PPOR one which I then bourght another in Sydney as my main resident properties). I have not sold any of the IP ones. Thanks for the advice. Being single with no dependents and finding...

Hi all, I am fairly new to this forum (although since I first joined I find it hard to get off of the forum) but have found it excellent for everyone involved. I am also fiarly new to investing having only purchased my first investment property in 2006. I bought my first PPOR in 2004 for $265...