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I doubt anyone would be spending 600K on their first home and if they will not settle for less they are just being unreasonable and will rent for their whole lives. I would suggest 300-450K is more the first home owner market. The people buying 600K houses are usually 35 + and have had...

I read somewhere that prestige suburbs have been growing nicely post boom, I think the hardest hit are/will be the middle class and upper middle class areas. Sutherland Shire is a good example, you can pickup some great places for 500-600K which would have been 750K in 2002-2003. (I know a few...

Mish - Congrats on a great start!

Great stuff guys. I'm similar, I always feel like I should be doing more but it's just not possible at the moment, my portfolio won't grow overnight and I just need to forget about it for a while... But I'm hooked! I'm moving to the UK in a year or so it's not the best time to buy anyway (well...

1% higher or so, depends on the lender? Check with the resident brokers.. 1% isn't much if a good deal comes your way! Cost of not acting could be alot worse than an extra 1% :) Think you need a semi-matured ABN though, maybe 1-2 Years?

Sounds about the same! Her parents own one investment property at least! I tried - Just couldn't get her to read it, she is an avid novel reader but I couldn't get her to read an investment book for the life of me. It sat on her dresser for 6 months collecting dust :/ Likewise, I had the...

If equity isn't an issue, why not just go no doc?

Alex does your other 1/2 have similar goals and views on investing? I see this as my biggest issue in my future plans. Interested in your situation..

Dad gave me the Jan Somers book when I was about 18, couldn't put it down it was great! This was for me! Bought my first investment property at the age of 19 in 2001, a 2 bedroom unit in the Wollongong CBD. Went up in value very quickly as alot of places did at the time. Refinanced and bought a...