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Yeah this is pretty much it. :) Plus low interest rate, low maintenance costs, etc. It's also closer to 5.5% than 5%.

In hindsight, I've definitely made a few mistakes along the way, I'm just trying to make the best of it now. Offset was only available with a variable loan, which was 0.5%+ higher than the fixed rate. My savings rate is about the same as my mortgage interest rate (one is taxed, the other is tax...

I've recently bought my first property and I'm now just considering my options and trying to plan my next steps (even if that involves doing nothing for a while). I'm signed up to 2 year fixed P&I loan, no offset account and can make up to $10k in extra repayments per year. These funds will...

What are the key things you would recommend a unit owner be insured for? It seems to me that there is limited value in landlord insurance for a unit as the major things are covered by building insurance under the body corporate (which is reflected in low premiums). It's hard to see what are...

I'd imagine it's pretty similar to what everyone else would consider a good job.

Can anyone recommend an accountant in Melbourne who has experience with investment properties? I've been to a local accountant but I feel as though she doesn't have much experience in this area. Or am I overestimating the need for experience? Will any decent accountant be able to do a good...

Thanks everyone. I did not get the schedule. Their conveyancer apparently told my conveyancer that they don't have one.

Has anyone ever bought a property from an investor and had them provide you their tax depreciation schedule on request?

Oops, I read that as after 2000 for some reason. On two separate occasions. I'm very glad though. That opens up my options and I won't have to lose the $7k.

I could buy now, have settlement in two months (I'm assuming this is the date of the contract?) and then move in after 6 months and I'd still be eligible. I remember reading that you only have to live in it for 6 of the first 12 months, but I can't find that online now. The eligibility...

Elwood is a nice area, but around my budget the apartments are tiny. I'm finding it easier to pick investment properties than I am to find somewhere I want to live that has convenient access to the CBD. I'm considering buying my IP first and staying at home for a few extra months or even a...

Thanks for your responses. I'm just unclear where that leaves me in terms of repayments. If I get the 200k loan, using 100k deposit on the PPOR, the loan repayments are about $250 per week, allowing me to pay double that each week and keep the excess in a 100% offset account. If I then use the...

And if I did that, the minimum repayments on the PPOR would increase?

Forgive the stupid question from a beginner. Can you use the same 100k as a deposit twice within a short period? Using these figures as examples: 100k deposit on 300k property (PPOR) Then use that 100k equity immediately to purchase a 250k rental property (minimum repayments...

Oh okay. With the car park it might be 50+ Depending on how high I go with the purchase price (320k would be the max, and for that I'd want a villa), I'd have at least a 25% deposit. I'm just torn about where to buy. There are so many options and I need to find somewhere both where I'd...

That's weird. I've been asking about sizes on apartments that I'm interested in and they're all around 40. I had heard this 50 square metres thing and had it in the back of my head. Even a spacious 1br with a small courtyard would be just on or less than 50.

Why is that?

Hi there I'm about to make my first property purchase in the next 3 months or so, and I am trying to pick a good area. I will be living in the property for 1-5 years, so it has to have convenient public transport to the city where I work (trams and buses over trains), but after that I'd like...