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No, all is good in that department. Probably should have stated that.

Hi there. I have recently split with my girlfriend and therefore we have moved out of the PPOR. The house is in my name as I bought it when I was 18. It is currently in a fixed loan at roughly 7%. I am going to be renting the property out in the coming weeks, have not had an appraisal yet...

Interesting, I guess the big question would be whether the bank would let me go through with it, due to my income.. EDIT: If I got a rental appraisal for my house, would that help my cause? And to answer your question Dave, I am looking at renting out my current house and moving into another...

That's sort of what I was looking for. By goals I meant, what I would have to do to be able to get another house under my current circumstances.

Hey guys, So I bought my first house a while ago, and now I want to set some goals to buy my first IP. Current situation: Income: Low 40's PPOR Value: $330 - $340,000 Loan: $250,000 So I was wondering if some one could tell me the goals I need to set myself to buy another property...

Hey guys. Bought my new house a little while ago and everything except the wet areas are carpet. Now the carpet is in fairly good condition but I have not yet decided whether I want to rent the house or keep it as my PPOR So I was just wondering; will tiling my house add much value to the...

Yes, that's where I'm out of pocket $14 pw. Rates will drop before they will rise. I will just have to keep a close eye on them :)

Yes, I believe after all expenses (based on $300 rent), I'm out of pocket $14 pw. And yes, there is lots of development, currently and in the near future.

Lol. I just wanted to know whether getting between $300-$320 pw for a house I paid $317000 for is good or not :p

I was looking to live in this house, but after looking around the forums and stuff I would like to start my investment portfolio with this one. yes, capital growth is important, I was just wondering what yield people are getting (and what I should be aiming for). I know my age is no excuse...

Yes this is what I don't understand? As a FHB, I won't have a huge deposit, therefore my LVR will be high?

Even though it's my first house? Isn't there an exception for that :p

Yes, there are lots of transport and schools and shops near by. This is my first house and I have to live in it for six months to receive the FHOG. Hopefully it will work out in myfavour :)

Based on these figures: Purchase Price: $317,500 Rental: (Has not been approved but basing on lowish figures) $300 P/W Rates: $1800 Insurance: $600 Maintainence: $500 PM Fees: (Not sure on this figure yet either) $1,196 With those figures I get: 3.62 % But if...

Where do you get the 18% deposit from? Sorry new to all this :D

Hey guys, quick question regarding rental yield. I was just wondering personally, what you guys think is a decent rental yield. I used this site: http://www.homebuyerscentre.nationalbank.co.nz/calculators/calculator.aspx?PostingID=41 Ended up being about 3.8%. Is this any good? First...

Hey guys, not sure if this is the right spot or not... Moving into my house next month and was wondering who to go with for electricity? i've been told both AGL and Origin are very good but cannot decide on who? Maybe, from your experiences it could better help me choose a company...

Sorry, also. If my property is positively geared can I still do the ITWV and depreciation etc...?

So if I use the ITWV, I can use depreciation as part of that? And the point of an IP is that your not going to immediately sell it so therefore you would not have to pay it back for some time (until you sell?)

LOL, every time you use a term, I don't understand what it means / how it works. Can you give me an explanantion on how 'depreciation' works in property? :eek: