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This thread has illustrated two distinct approaches to property investment. There are those who treat this strictly as a transactional model and do not see a need to reward their tenants because the perceived "good behaviour" is an expectation in the fulfilment of their contractual obligations...

It is one thing to be indifferent and choose not to venture beyond "contractual obligations"; another to have the sense of self-entitlement that landlords "are a god-send to the tenants" and that "you are subsidising their housing and/or lifestyle" and therefore cannot justify why others would...

Essentially, what you have on the table is $687 "compensation" for an estimated loss of $2587 (potentially slightly lower if you haven't deducted management fees and other misc charges). I haven't included the waiver of the relet fee as it is not something that you would have incurred without...

Yes, anticipated a potential rate cut and submitted a cheeky request on the basis that I am about to close another purchase. Managed to get a quick revision from 4.74 in the morning, in time to lock in the new rate prior to the announcement. Branch manager said head office must be feeling...

One thing I learn from my solicitor is to never pull out of a contract under the cooling off period terms; there is a penalty for that, as you have found out. If you can, always insert a due diligence clause that allows you to withdraw from the purchase without any penalty - get your solicitor...

Loan amount circa 1.2<; LVR 80%<; 4.65%. Not as good a rate compared to what others might be getting from NAB but CBA has been very easy to deal with.

Wouldn't you ask the bank to separate this 50k so that it is clear that this loan is specifically for the purposes of buying an IP? What I have done previously was to valuate my PPOR upfront and request a size-able loan and have it funded into an offset account. I then got the bank to...

Cheers Colin, raised this with the bank and the LMI like you said is around the 10k mark - I am rather on board with the idea until.... the bank told me that the difference in interest rate equates to .30% The plus side is I retain equity but the downside is having to pay almost $4000 more...

I thought a lot about LMI last night and in going through my previous postings; I realised a fundamental flaw about my decision making process. I am making decisions on buying an IP as if I was buying a PPOR. Thanks again to Colin for pointing out the very obvious. In addition to limiting...

Very valid and sensible point Colin, thank you for pointing that out. Incurring LMI does however impact on interest rates and whilst all these costs are tax deductible; the flow on effect is probably larger than I can grasp right now. I probably need more time to understand more and to change my...

Thanks Rolf - I consider myself to be risk adverse and I am unlikely to be venturing beyond property investing. Having said that, I never really considered property investments until fairly recently. My future views may change but I am more likely to forgo an "attractive" investment if it...

Good advice Terry. Certainly something to consider. I think that with my loan sizes and overall reluctance to have to manage multiple loans with different banks; I'll probably stick with CBA until I try to buy a third IP. :)

Cheers Redom. If I understand you correctly, I shouldn't need to consider someone else until I hit a brick wall? Loans are separate; 80% pegged to IP, remaining 20% plus purchase costs pegged to PPOR. Banks did tell me that it is a good idea to cross-securitise them both in the one loan :D

Hello everyone, I?ve been a selective reader of the forum for the most part of the past two years and would like to start by saying ?thank you!? to all of those who have been very generous in sharing their knowledge. I have relied mostly on the ?search? function and never really had to...