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I very much appreciate any response at all, and completely understand the position a professional like Terry would take in posting here. It is great that someone with so much experience is willing to point out the issues without expecting anything in return, and I would certainly not expect...

Anyway, I am tired now and going to bed to mull over all your kind contributions. I cannot tell you how much I appreciate all the advice. If you don't mind I will continue to post and may even PM a couple of you. I would love to attend the next Sydney meetup but Wednesday is tough as Mrs...

Thanks for your post Matt, I took a peak at your website too :) Maybe I've been lazy and let myself be suckered into thinking NG is fine and will generate a better total return over 10 years so long as I leave enough of a buffer to weather it. eg spend $400k now and leave $200k buffer (hence...

Hmmmm, errrrrr might have slipped up on that one Terry :eek: it's all in the one account. Surely I was better off lumping savings all in there to offset at 4.62% rather than having it a savings account earning 2 to 4% and paying tax? Or do you mean I should have put the extra borrowing in a...

Thanks for the response and for challenging my assumptions HiEquity, oh and I like your username :) All I can say is that we're Londoners, love the Sydney weather - and 'anywhere else in Australia' is not gonna cut any mustard with Mrs SilverBear. She wouldn't even look further out than where...

Thanks Datto. I was hoping a wise poster like you would throw me a bone, perhaps I'll have to come down to the Sydney meetup in 2 weeks and buy you a schooner ;) You going?

Thanks Adelaide, but with hindsight we've made mistakes along the way: selling in the UK when we did and buying here to then see the dollar fall like a stone probably cost us over 1/2 a milly. Should have kept at least one UK rental - but was overly worried about getting out before paying any...

I forgot to say that the wife is 1/2 German, it's not an argument I could ever win :p It's a bit of a live now or live later question, and we want to enjoy life now while the family is young and before they become teenagers who ignore us then leave. Plus I get my own basement mancave and love...

Thanks very much Sanj, every opinion helps and you throw out some interesting ideas. I myself love playing devil's advocate and appreciate your response, it is exactly the sort of reply I was hoping for. We couldn't make it work on any less than we make now. Even on $240k between us we're only...

Thanks for the response Boeman and nice idea, but living in a house on the north shore is one of the wife's requirements ;), and I must admit I agree with her it's a beautiful place to live. I would have loved to find somewhere $400k cheaper but in the end we found a house that will be a...

Hi everyone, I joined this forum a few weeks ago and have been very impressed with the quality of advice and willingness to help shown by many posters. Please let me know if my post needs restructuring or answers lie elsewhere. I know it's a bit long but I felt the background necessary...

Thanks for all the informative responses, really helped me understand why I should avoid xcoll. The broker got me a great deal, $1.4m loan on PPOR, at 4.62% 4 months ago before the rate cut, beating my other quotes by a mile. I guess I need to question everything rather than believing all he...

Sorry for the naive question - what's wrong with xcoll? Is it that all your properties are at risk if there is a crash? I'm looking at our first IP (will post a hello thread when I've time) - and my broker is saying i shouldn't worry too much about xcoll (we are with NAB). Thanks in advance

It seems to have sold last week - does anyone know what it went for in the end? Always good to review advice in the light of outcome :)