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Thanks for sharing your story. I feel your pain. The old SANF probably not the best at the moment is it? Unfortunately I'm not in a position to assist with any purchases at this time though your Anchorage properties are looking cheap considering theres a bank val of over $500k for them. The...

Nice work Sparky. Maybe the market is stabilising over there now. People know you can't build it for that kind of money now. The way material prices are soaring, they might have to revert back to straws, earth and cow dung!

Thats why banks ask for personal guarantees from the directors for loans to Trust and Pty Ltd entities. Even when the big boys borrow theres intercompany & parent guarantees, x-collaterised loans, the whole lot thrown in so their security is water tight. Limited liability when it comes to...

Where did you buy? If it was only $1k deposit then happy days. Surprised they didn't make you complete.

Thanks for the updates on rents guys. Better speak to my PM on the next rent review. Sounds like you're having it tough Sparky. Could probably do without them spongers from the cheap seats all having a go at you. Keep your head up and keep going.