Search results

Thanks for all of the info! The eligibility of the first home owners grants seems a grey area and depending who you speak to will give you a different answer. Will look in to it though.

Looking at a repayment calculator (at http://www.aussie.com.au/repayment-calculator.htm), P&I repayments are only roughly $200/month more than IO repayments. Given that I'll be able to receive a $200/month subsidy for the loan, would that be the wiser choice? I believe I can't make the loan IO...

I'm posting out in January so won't be eligible for either grants. I won't be able to access them for another few years due to work requirements (moving around a fair bit - a bit of stability should be achieved in 2015-2016)

The money is currently in UBank; the buggers change their interest rates too often for me to keep up! Would you wait and take advantage of the subsidies and wait a few years or jump in now?

G'day ladies and gents, Have been interested in investing for a while now and recently found this forum with tonnes of advice. Current goal is to have a passive income of at least $100,000 after tax by the time I'm 50 (28 years). Current situation: -Have just over $12,000 in stocks...