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But also remember 18% interest rates, very little and often no super contributions like there is now. No internet, no computers, No mobile phones. To invest in stock or property was not as easy as it is today. Bank Managers were hard and loans not that easy to get. Some huge stock market crashes...

We could go from Paul Kelly to Queen on that note.. I've paid my dues Time after time I've done my sentence But committed no crime And bad mistakes I've made a few I've had my share of sand Kicked in my face But I've come through

Oppps too quick off the mark also and hit the 1000+ a WEEK!! Would be more like the -500-0 for me sorry. Maybe 8k -ve geared for the year for me.

I think you backed up what I was saying in your first sentence. You got off your butt and did something. I did say MANY not all of our current generation is lazy. Seems all the toys and gadgets/holidays are a higher priority than education.

Yes the poor little treasures!!!!!!! Us poor Older people actually had to go and get a part time job to get any further education and study as well!! No such transport systems like they have now, no computers or internet, you had to go to the library to see an encyclopaedia as most families...

I think you made a very wise choice walking away. 167cm or over 6.5 inches is a reasonable amount of movement for a residential place although not excessive, and that was from a report done 10 years ago if I am not mistaken. You will find another "dream home" I'm sure that will not have...

A guy I know won 1.6 mil on lottery about 6 yrs ago. He was a bricklayer working 6 days a week. Now he is still a bricklayer working 6 days a week, he bought a small dingy to do some fishing gave 10k each to brothers and sisters(there were a few) but apart from that still has every cent he...

Lets hope so INVSTOR, its certainly overdue for an increase :)

Nothing else going on, all other properties have substantial equity but by choice I don't wish to use them. Bank valuations on the 3 properties concerned are 710k Amount owed is 439k without including the security on the PPOR. I figure this at around 62% LVR And even if its too much exposure...

I don't have access to the valuation however the figure of 280K is what the bank emailed me back.

I emailed the bank a few hours ago to ask why they bothered to do a valuation if they never intended to use it. Seems like they wasted their money and valuers time getting it done. No answer back as yet. I'm thinking the question was not one they wanted to hear.

And even if they didn't wish to lend the amount I require a valuation has been brought to them of 280K, by their OWN valuer. Surely they must recognise it and update their valuation on their books then give me a real reason why they won't lend. Initially they wanted 5 of my properties as...

This is the only cross collateralised property involved. There is over 400k equity in the PPOR so that is definitely not the issue.

It was ANZ. It is a serviced apartment (so 70% max LVR) however I can withdraw that should I choose and rent it myself. It is returning good figures so I have decided to leave it managed. Initial purchase price 245K Initial loan 265K I have 114k secured against my PPOR which has ample...

Probably 2 years back Aaron for the 235k and the latest was done 2 weeks ago

I just went through an interesting process with the bank. I have a unit previously valued by the bank at 235k? I wanted to re-finance against it plus some other properties and the bank suggested they re-value it. The value came in at 280k (3 others sold last month in the same complex for...

Lol.... These were 2-5yo kids. Dye stains in the carpet, Cat s#*t everywhere, including kids bedrooms. Not good!!

These are a few of my Tenant from Hell pics, only had 2 bad ones over the 10 years I have had rentals but it never ceases to amaze me how people can live like this, let alone letting their children live like this too.

Yes but they don't.... they just call the pm and they send a tradesman to fix it. I am talking issues like "Oh the wind broke the gate" well the wind broke the gate because they didn't shut it.

Had this issue with some tenants also, just kept putting up the rent each 6 months until they finally stopped complaining about stupid little things. They learnt no minor little complaints no rent increase :)