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Just got back to +ve with about 50% LVR but have about half of that locked in at 7.15%. Now what to do???????

I have a loan through their credit union. Don't know about their bells and whistles but the variable rate I have with them is 4.74%, they like you to be a member to get it and bank with them for a while first but at that rate it's worth doing it and they have been very good to me.

Basically it's discrimination as both properties use the same services and I wonder how it would stand up in a court of law? How does a class action get organized ????????

Yeah all those things are true and put it together with job security. If you have never put your neck out it never gets chopped off but for many people, if they don't take a chance they just can't get into the market. I agree with BV the market in Sydney is at least looking achievable just...

I'm with you this rate has really started to inspire me again. The numbers for buy and hold, havn't been stacking up for me of late but this is worth going through the figures again.

I like both shares and IPs though the main difference for me is, with IPs I don't seem to worry so much borrowing 200k to invest in it but find I'm limited by cash flow from going much further, where as with shares I can look around and buy and sell small parcels as I see fit, which I enjoy...

Debt Junkie where did you buy? I think prices have dropped 10% in brissy since Feb. where I look, but rents are still going up. Around Rochedale Sth there was only one or two properties around the $400k then, now they can be picked up for from $360k and probably less if you were to try hard enough.

I lucked into it with one loan and have sent someone else there who got knocked back but the AMP credit union is still charging less than 8% ( or there abouts) for their variable loan rate. Went to try and get a second loan with them but they said no but to try again later as I wasn't keeping...

A little bit of knowledge is a dangerous thing. I don't do much domestic work but the reason why most sparkies say "it depends" is because it does. There are many variables in wiring and believe me nothing is more scary than going into some idiot handymans house and trying not to kill yourself...

shot gun perhaps !!!!!

the second is easier but where did you buy?

what are you going on about, I'm from brizzy and swim all winter in Sydney, it's great, but when you get out then you freeze your **** off!!!!

I'm not sure if an isolation switch is required also, that can be reached from the stove. The rule keeps changing on that one.

After some of your earlier posts about work etc this sounds like just the thing for you. have fun and post any good properties you see for us to dream about. Cheers

Just one more to add thanks for last night I look forward to any future nights if you have them. Thanks

This has been a great thread, thanks for it Go anna. I really enjoy seeing the numbers other people come up with and find it really interesting to see some of the debt to equity ratios out there. This has led me to other questions like how do they service there loans or how do they sleep, also...

Hi, would love to come, could you put me down for a definite may be, don't know yet if I'll be on night shift that night. For 1 Thanks

I have come to the same view with Rochedale area, from about the 400's to the 370's. but rents still seem to be on the up.

3IPO and 1 owner asset 2.2M equity 1.6M

Sadly sold 1, first IP went halves with a friend in WA but circumstances changed and we decided to sell. It was good while it lasted had some fun fixing it up, now we have both managed to do it our selves anyway.