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Ah cool sounds about right. I'm sitting on roughly +90% LVR. With past recent purchases at 100%LVR.

Did you go through a mortgage broker or direct? Keen to see how you got that rate. Also, what is your LVR as this may affect the rate. Cheers ;)

4.73% variable $1M+ in loans Keen to hear what everyone else is getting to at NAB or other banks?

Thoughts on feasibility? So I've got a rectangular 615sqm block 10km north of Melbourne CBD that I would like to subdivide, retain the exisiting 2 bedroom dwelling out the front and keep on renting out. Basically chopping the block into a 'L' shape with a common drive way on the right...

I'm looking heavily in Ballarat as well. Looking to purchase at the end of the year /start of next year. Area of focus are Ballarat Central/North/East, Soldiers Hill, Redan, Newington, Sebastopol, Golden Point. My budget I am targeting is between $200-$300K 3 bed, 1/2 bath solid brick or...

ah some great tips there guys. Greatly appreciate it. Why I am asking is because my next purchase IP I make, I have the intention of selling within 1 year to make a profit (buy below median and conduct renovations) to help pay off in lump sums the debts in IP 1 2 3. That I don't want to...

A thought came to mind but require some clarification. Situation: - 24 yrs old - Living at home with parents (Melbourne) - 3 IP (all in Melbourne) Thought: - I know that if I was to sell 1 of these investments I would incur CGT, but what if I was to change one of the places I was...

Finding that balance is difficult. Obviously you don't want to be too negative geared otherwise mortgage brokers won't lend you anymore money due to your serviceability. This is why having a mixture of diversity in your portfolio is better than say a portfolio skewered with 'only positive cash...

First off congratulations on getting where you?re at now. Property investing isn't easy. Requires lots of research, good mindset and a focused goal. You are currently in your acquisition stage of investment properties so you would want to keep cash flow readily available for subsequent...

If your going north, check out Reservoir/Preston/Heidelberg West 2-3 bed run down homes on 600sqm + where you can value add by doing minor renovations and gain instant equity. Being only 10-15km out from the CBD, land is only going to get scarcer in this ring. As more people get priced out of...

Should I just drop the rent by $5 a week for a 2 year lease or just buy a new dishwasher and claim for depreciation over 40 years? It's just that the tenant has been requesting for stuff to be repaired which I'm hesitant about.

Lease for IP is due for renewal and the tenant has pointed out that dishwasher is not working. Should I: - purchase a replacement on my expense - purchase a replacement and have them pay - purchase a replacement and increase rent - say no and hope they will continue on with the lease...

So where did you end up purchasing LoneWolf? What are your plans for the site (short and long term)?

Yeah 'Truly Exotic', that was what exactly what I was thinking.

Ah yes I have considered about the maintenance that would be required for the older Period Homes. Such as exterior weatherboard replacement, painting, roof re-cladding etc. Unless it is bearable and the tenant doesn't complain :p ? That is the sort of the reason why I'm leaning towards...

Been keen to get peoples current thoughts on investing in Ballarat. I've been doing some research and seems to be some good buys popping up now and then. If you have invested in Ballarat, what sort of returns are you getting and what made you buy in Ballarat. How is infrastructure growth...

I purchased an investment property in Heidelberg West towards the end of last year. Was a 2 bedroom house on 600m2 close to the Aldi and shops. The area has all the amenities going for it 10km to Melb CBD, Northlaand Shops, LaTrobe Uni, NMIT, Hospitals etc. HW will gentrify over time. Just...

Thanks for the responses and opinions. Y-Man, yes I would need to check out the condition of the building and the dampness inside. being on the top level there maybe water damage to the roof/ceiling etc. What would your strategy be for this property? (eg. Hold for long term and just reap the...

So worst case if it rented for $250/wk and combined purchase cost/fees was $200,000, the rental yield will still be hovering around 6-6.5%. But I believe the key for this investment would be purchase at the cheapest price with minor renovation costs. The property would pay for itself in a...

Yeah it would be less than 50m2. It measures ~30m2, the 6.3 x 3.3 on the floor plan only measures the bedroom/living and a bit of kitchen. Considering funds are available with no issues with the bank lending money and the strategy was to buy and hold. Where else would you see problems as part of...