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Thanks for the reply Peter, I expected just as much. Would you happen to have any advice on what I should do with my student accommodation IP? Would it be a wise move to try and sell it to add to my deposit for next year or hold onto it for collateral use? Re $400 a month: It's actually not...

Hi guys I'm currently a 24 year old student, married with one dependant. I plan on purchasing a PPOR next year and I wish to get a rough idea of how much I can actually borrow from the bank considering my financial circumstances. My situation is as follows: - Wife is studying and working...

Hi all, I'm trying to claim my FHOG and got a letter returned back to me by SRO saying that they can't confirm my eligibility because it turns out that the vendor didn't put a date down when he signed the contract... And now the vendor is overseas somewhere and my real estate agent says...

Hi all, Not sure if there is a similar thread but I've always been curious in the different attributes and characteristics people look for when hunting an IP, and what the cut off points are in their check list So for example things like: - Vacancy rate % - Particular infrastructures...

Yep I'll definitely talk to a broker about this soon, just want to get a rough idea of what my options are first :)

It's not very big to be honest, around 23m^2 + balcony. Yes, theres a self contained kitchen and a bathroom as well.

We go to uni at Monash Clayton and Deakin Burwood so they aren't too far apart from each other. I should also mention that we both have part time jobs alongside our full time student positions so there should be a decent flow of cash coming in every week. We also own a fully payed off student...

Is there any particular reason you say so? We need a place to live in in the coming months and I'm really not keen on throwing my money away in the form of rent payments.

Thanks for the replies guys. Yes the dilemma is pretty much tossing up between an apartment in a blue chip area near the CBD, or a landed area in an area around Mitcham. Any landed area before Mitcham in the east is pretty much out of our reach unfortunately. I understand that I have to...

Hi all, Hope everyone is well :) So I've got a situation here where my partner and I are planning to find a PPOR for ourselves around the start of 2013. Our budget is only around $400k because thats all we can afford at this stage and we have enough for a 10% deposit. Also the fact that...

Realistically looking, how much equity would I be able to extract out of my current studio apartment?

Hi Rolf, thanks for the reply. Sorry but what do you mean by 'Id guess you have 40 or 50 k to put toward the deal, which may best kept aside'? Cheers

Hi all, So a bit of background information - I have an apartment (studio apartment) in Melbourne fully paid under my name. It was recently bought for ~110k but its probably worth a bit more (~130k). So my plan is to get a bigger apartment and convert this studio apartment into an IP and...