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Thanks Seaford - I am catching up with a agent over the phone tomorrow and will certainly be asking these questions and doing some research of my own. I don't know if it is a good resource but I have looked at refindhouseprices.com and found the oldest listing to be 334 days old - with a...

Without being too involved they currently have $200k in a super/pension in my Dads name and $50k sitting in Super for mum. They own the investment property and a hobby farm workth around $700k. Total investments would be around $1.3 mil. The plan is to travel, find somewhere they would like...

HAHHA! Let me change that to "manage their lives" mail has been redirected to me with cheque book in hand!!! It has mainly been the investment property that has required the attention though - inspections, repairs etc - they have a property manager but like to keep them on their toes and be...

WOW Loko!!!! I just cant imagine it would make such a big difference!!! I would HATE a furnished place if I was a prospective tennant!

Rental income is seen as "bonus money" to them. They would be putting the entire balance of the sale into super and still drawing their $30k pa to live and travel of. Its a bit more of a "can't be bothered with this any more" sort of move too - they want to enjoy life, travel, see the world...

Just wanting to get some perspective on this one. We have been quoted $250-$260 per week unfurnished for a property we are currently looking at and $300 - $310 furnished. Spending $1500 on a house furnishing package from fantastic furnature in year one seems like a good plan to get the...

Hey all, I am a newbi to the forum and have had some excellent assistance so far with my own queries. Now I have one for my mum and dad!!! Here are the Stats: Both aged 60, retired last year and are currently travelling Australia! Purchased a property in Ringwood 12 years ago - 2...

Hey Jason, thank you for all of your thoughts and ideas they are greatly appreciated! I think I could be right with the call on the property market and we do have tome on our hands. I was thinking about everything today and there is one risk we cannot mitigate and that's perhaps one of the...

@ssimpson Thank you for your comments. I will get onto a good accountant and already have an excellent broker who is keen to assist us with our venture and I believe he has the knowledge to set the foundations for further years of property investment. Theoretically I would like to...

@ Jason (sorry I don't know how to quote!!!!) I am not 100% sure where you got us being on a part time income each....But like I said I am new to this game so perhaps I am seeing things differently. My husband will continue to work full time, where I will drop to a part time income -...

Thanks everyone. Based on your thoughts, I have done some MORE calculations haha! If we decide not to go for a property right now and to add the funds to our offset account on our PPOR instead, we will have an additional $5,000 per annum to put into our offset account. Scenario 1 -...

Thanks guys! Yes we do have an offset account and currently maximise it by paying our general expenses with a credit card to get the most from the interest savings. I had never thought of paying down the debt. On our principal home, but reducing bad debt and not worrying about good debt is an...

Okay, great thanks Y-Man. I believe that the savings buffer our weekly surplus adds will cover that. Maybe I will look at adding 1 months rent to the loan, so we are always 1 month ahead of the game. Appreciate it!

I have friends who looked into purchasing property on Russell Is. They did actually want to live there, so I am strickly speaking from a principle place of residence point of view but they decided that having to commute....by boat.....to go to work or even to do a major shopping trip WAY too...

Thanks for your replies guys. I am actually a financial planner for a BIG 4 myself :D So it is really good that you have put it out there that people need to cover themselves for insurance. Both my husband and myself have a full protection plan in place, and will be increasing some areas of...

Hey all, I am new to property investment however have always been interested in the game. I am 25 and my husband is 26. We are expecting our first child in January of 2012. Our principle residence was completed last year and since then we have received a rates valuation opening up $150k in...