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I am going to look at another property tomorrow , and am looking at the interest only option. I am expecting to keep the property for about 10 years to see some good growth I have noticed that I can only choose interest only for a period of 5 years when using mortgage calculators can...

she will be staying in the property unless the current owner wants her to move out she has lived there for 5 years and is capable of paying the rent on her own I am pretty sure all I will get is no stamp duty which is still a bonus anyway.

okay great thanks for the advice makes sense

great thanks guys i am going to see the accountant in a few weeks to discuss further but just a heads up, reading the post above If I was to live in it with my mum and just do IO how does that work with the whole investment idea? is it all still claimable ? And as this is also my...

If i put 20 % deposit on 350,000 home and pay principal and interest the rent from my mum would cover the loan as I woulnt live there. is there any benefits to doing that or am i still better doing interest only with 20% deposit ? and please clarify why

thanks for the help guys really appreciate it, still trying to get my head around it all read in a few books those exact comments. Are you able to give me a rough idea on what the average REA commision is i have never had to deal with these types of things?

Hi All I am after some guidance, I am a 24 year old male currently earning $170,000 gross a year and paying an average $60,000 in tax p/a I have a very stable job as I have been with the company for 4 plus years.Over these last 4 years I have wasted a lot of money on depreciating assets as...